First Foundation Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>First Foundation Inc. is holding its 2024 Annual Meeting of Stockholders on May 28, 2024, with proxy materials being distributed starting April 18, 2024.</b>

AI Summary

First Foundation Inc. (FFWM) filed a Proxy Statement (DEF 14A) with the SEC on April 18, 2024. The 2024 Annual Meeting of Stockholders for First Foundation Inc. will be held on May 28, 2024, at 10:00 a.m. Central Time. The meeting will take place at 200 Crescent Court, Suite 1700, Dallas, Texas 75201, in the Crescent Club Mirror Room. Stockholders will receive a Notice of Internet Availability of Proxy Materials and voting instructions on or about April 18, 2024. Proxy materials include the proxy statement and the Annual Report on Form 10-K for the year ended December 31, 2023. Voting options include internet, telephone, or mail via a proxy or voting instruction card.

Why It Matters

For investors and stakeholders tracking First Foundation Inc., this filing contains several important signals. This filing is a definitive proxy statement (DEF 14A), indicating it's the final version sent to shareholders for voting on corporate matters. The meeting details and voting instructions are crucial for shareholders to exercise their rights in corporate governance, including electing directors and approving executive compensation.

Risk Assessment

Risk Level: low — First Foundation Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the proxy statement and annual report to make informed voting decisions at the upcoming annual meeting.

Key Numbers

• 2024-05-28 — Annual Meeting Date (2024 Annual Meeting of Stockholders)
• 10:00 a.m. Central Time — Annual Meeting Time (2024 Annual Meeting of Stockholders)
• 2024-04-18 — Proxy Material Mailing Date (Notice of Internet Availability of Proxy Materials)
• 2023-12-31 — Fiscal Year End (Annual Report on Form 10-K)

Key Players & Entities

• First Foundation Inc. (company) — Registrant name
• May 28, 2024 (date) — Date of Annual Meeting
• April 18, 2024 (date) — Mailing date for Notice of Internet Availability
• Ulrich E. Keller, Jr. (person) — Chairman of the Board
• First Foundation Bank (company) — Wholly-owned subsidiary
• First Foundation Advisors (company) — Wholly-owned subsidiary
• 200 Crescent Court, Suite 1700, Dallas, Texas 75201 (location) — Meeting location
• 18101 Von Karman Ave, Suite 700, Irvine, CA 92612 (location) — Company business and mailing address

FAQ

Industry Context

First Foundation Inc. operates in the financial services sector, providing banking and investment advisory services.

Regulatory Implications

This filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement and 2023 Form 10-K for detailed information on proposals and company performance.
2. Vote your shares via internet, telephone, or mail by the specified deadline to ensure your voice is heard.
3. Attend the Annual Meeting on May 28, 2024, to directly engage with management and the Board of Directors.

Key Dates

• 2024-05-28: Annual Meeting of Stockholders — Shareholders will vote on corporate matters.
• 2024-04-18: Mailing of Proxy Materials — Stockholders receive notice and access to proxy statement and annual report.

Year-Over-Year Comparison

This is the definitive proxy statement for the 2024 annual meeting, following the typical schedule for such filings.

Key Financial Figures

• $0.001 — f shares of our common stock, par value $0.001 per share (the "common stock"), as of t

Filing Documents

• tm247956d2_def14a.htm (DEF 14A) — 1361KB
• bc_netincome-4c.jpg (GRAPHIC) — 66KB
• bc_tangible-4c.jpg (GRAPHIC) — 62KB
• bc_tsr-4c.jpg (GRAPHIC) — 66KB
• lc_kbw-4c.jpg (GRAPHIC) — 53KB
• lc_trp-bw.jpg (GRAPHIC) — 81KB
• px_24firstpxy01pg01-bw.jpg (GRAPHIC) — 256KB
• px_24firstpxy01pg02-bw.jpg (GRAPHIC) — 305KB
• sg_ulrichekeller-bw.jpg (GRAPHIC) — 7KB
• 0001104659-24-048756.txt (&nbsp;) — 4576KB
• ffwm-20231231.xsd (EX-101.SCH) — 10KB
• ffwm-20231231_def.xml (EX-101.DEF) — 7KB
• ffwm-20231231_lab.xml (EX-101.LAB) — 34KB
• ffwm-20231231_pre.xml (EX-101.PRE) — 6KB
• tm247956d2_def14a_htm.xml (XML) — 267KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 11 Election of Directors (Proposal No. 1) 13 Nominees 14 Executive Officers 17 Board of Directors 18 Director Compensation 21 Approval of 2024 Equity Incentive Plan (Proposal No. 2) 23 Ratification of Appointment of Independent Registered Public Accounting Firm (Proposal No. 3) 33 Report of Audit Committee 35 Advisory Vote on the Compensation of the Company's Named Executive Officers (Proposal No. 4) 36 Compensation Discussion and Analysis 37 Compensation Committee Report 46 Summary Compensation Table 47 Certain Relationships and Related Party Transactions 64 Stockholder Proposals and Director Nominations 65 Solicitation of Proxies 65 Delinquent Section 16(a) Reports 65 Householding 66 Other Matters 66 Annual Report 66 Appendix A A-1 i TABLE OF CONTENTS FIRST FOUNDATION INC. 200 Crescent Court, Suite 1400 Dallas, Texas 75201 PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS To Be Held May 28, 2024 INTRODUCTION This Proxy Statement is being furnished to you in connection with the solicitation of proxies by the Board of Directors (the "Board") of First Foundation Inc., a Delaware corporation, for its 2024 Annual Meeting of Stockholders which will be held on May 28, 2024, at 10:00 a.m. Central Time, at 200 Crescent Court, Suite 1700, Dallas, Texas 75201, in the Crescent Club Mirror Room. This Proxy Statement and the proxy card are first being made available to stockholders on or about April 18, 2024. As a matter of convenience, in this Proxy Statement we will refer to First Foundation Inc. as "FFI" or as the "Company" or "we," "us" or "our" and our 2024 Annual Meeting of Stockholders as the "Annual Meeting." All stockholders are cordially invited to attend the Annual Meeting in person. However, you do not need to attend the Annual Meeting to vote your shares. Instead, you may vote your shares over the Interne

View Full Filing

View this DEF 14A filing on SEC EDGAR