First Foundation Inc. Appoints New CEO and COO
Ticker: FFWM · Form: 8-K · Filed: Sep 9, 2024 · CIK: 1413837
Sentiment: neutral
Topics: leadership-change, executive-appointment, board-election
Related Tickers: FFWM
TL;DR
New CEO & COO at First Foundation Inc. (FFWM) - leadership shakeup!
AI Summary
On September 3, 2024, First Foundation Inc. announced changes to its executive team and board of directors. Specifically, Scott A. Cameron was appointed as Chief Executive Officer, and David DePillo was appointed as Chief Operating Officer. Additionally, several individuals were elected to the Board of Directors, including Scott A. Cameron, David DePillo, and J. Scott Brinker.
Why It Matters
This filing indicates a significant leadership transition at First Foundation Inc., which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty and affect strategic execution, warranting a medium risk assessment.
Key Players & Entities
- First Foundation Inc. (company) — Registrant
- Scott A. Cameron (person) — Appointed Chief Executive Officer and elected to the Board of Directors
- David DePillo (person) — Appointed Chief Operating Officer and elected to the Board of Directors
- J. Scott Brinker (person) — Elected to the Board of Directors
- September 3, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Executive Officer of First Foundation Inc.?
Scott A. Cameron has been appointed as the new Chief Executive Officer of First Foundation Inc.
What is the effective date of the reported changes?
The earliest event reported is dated September 3, 2024.
Who has been appointed as the Chief Operating Officer?
David DePillo has been appointed as the Chief Operating Officer.
Besides the new CEO and COO, who else was elected to the Board of Directors?
J. Scott Brinker was also elected to the Board of Directors.
What is the principal executive office address for First Foundation Inc.?
The address of the Principal Executive Offices is 200 Crescent Court, Suite 1400, Dallas, Texas 75201.
Filing Stats: 2,229 words · 9 min read · ~7 pages · Grade level 10.6 · Accepted 2024-09-09 16:15:26
Key Financial Figures
- $800,000 — o will receive an annual base salary of $800,000, subject to annual review, and be eligi
- $1,280,000 b — and be eligible for an annual bonus of $1,280,000 based on specific performance targets to
- $115 million — dit Advisors LLC invested approximately $115 million in the Company p ursuant to the Fortres
- $0.001 — 4,750 shares of common stock, par value $0.001 per share, of the Company (the "common
- $22.2 million — nk Partners, LLC invested approximately $22.2 million in the Company pursuant to the SVBP Inv
- $500,000 — ffiliated with Ms. Lagomarsino invested $500,000 in the Company in an investment transac
Filing Documents
- tm2423580d1_8k.htm (8-K) — 40KB
- 0001104659-24-098146.txt ( ) — 214KB
- ffwm-20240903.xsd (EX-101.SCH) — 3KB
- ffwm-20240903_lab.xml (EX-101.LAB) — 33KB
- ffwm-20240903_pre.xml (EX-101.PRE) — 22KB
- tm2423580d1_8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST FOUNDATION INC. Date: September 9, 2024 /s/ Scott F. Kavanaugh Scott F. Kavanaugh Chief Executive Officer - 4 -