First Foundation Inc. Files Definitive Proxy Statement

TL;DR

FFWM proxy statement filed, shareholders vote soon.

AI Summary

First Foundation Inc. filed its definitive proxy statement (DEF 14A) on August 22, 2024, for its fiscal year ending December 31, 2024. The filing pertains to the company's annual meeting and related corporate governance matters. No fee was required for this filing.

Why It Matters

This filing provides shareholders with crucial information regarding the company's governance and upcoming voting matters, enabling informed participation in corporate decisions.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) that provides information to shareholders and does not inherently indicate new risks.

Key Players & Entities

• First Foundation Inc. (company) — Registrant
• August 22, 2024 (date) — Filing Date
• December 31, 2024 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $228 million — 2024, the Company raised approximately $228 million of gross proceeds in an equity capital
• $0.001 — f shares of our common stock, par value $0.001 per share (the "common stock"), as of t
• $4.10 — stock at a purchase price per share of $4.10; (b) 29,811 shares of a new series of p
• $4,100 — ferred Stock"), at a price per share of $4,100, and each share of which is convertible
• $5,125 — of such Issued Warrant, to purchase for $5,125 per share, 22,239 shares of a new class
• $115 m — amount, Fortress invested approximately $115 million, Canyon invested approximately $4
• $46 m — million, Canyon invested approximately $46 million, SVBP invested approximately $22
• $22 million — 46 million, SVBP invested approximately $22 million and the Other Investors invested approx
• $45 million — Other Investors invested approximately $45 million in the aggregate. The challenges brou
• $199.1 million — ult, the Company reported a net loss of $199.1 million for the year ended December 31, 2023, c
• $110.5 million — ber 31, 2023, compared to net income of $110.5 million for the year ended December 31, 2022 an
• $109.5 million — ded December 31, 2022 and net income of $109.5 million for the year ended December 31, 2021. F
• $3.9 million — 024, the Company reported net income of $3.9 million. The Company's wholly-owned bank subs

Filing Documents

• tm2420328-6_def14a.htm (DEF 14A) — 354KB
• lg_sodalico-4clr.jpg (GRAPHIC) — 10KB
• px_24firstfounpy01pg01-bw.jpg (GRAPHIC) — 247KB
• px_24firstfounpy01pg02-bw.jpg (GRAPHIC) — 283KB
• sg_ericadorsett-bw.jpg (GRAPHIC) — 8KB
• sg_scott-bw.jpg (GRAPHIC) — 9KB
• 0001104659-24-091960.txt ( ) — 1069KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 26 Stockholder Proposals and Director Nominations 28 Solicitation of Proxies 28 Householding 28 Other Matters 29

Forward-Looking Statements

Forward-Looking Statements 29 Appendix A A-1 Appendix B B-1 i TABLE OF CONTENTS FIRST FOUNDATION INC. 200 Crescent Court, Suite 1400 Dallas, Texas 75201 PROXY STATEMENT SPECIAL MEETING OF STOCKHOLDERS To Be Held September 30, 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 special meeting of stockholders which will be held on September 30, 2024, at 8:00 a.m. Central Time, at 200 Crescent Court, Suite 1700, Dallas, Texas 75201, in the Crescent Club Hickory Room. This Proxy Statement and the proxy card are first being made available to stockholders on or about August 22, 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 special meeting of stockholders as the "Special Meeting." All stockholders are cordially invited to attend the Special Meeting in person. However, you do not need to attend the Special Meeting to vote your shares. Instead, you may vote your shares over the Internet, by telephone, or by completing, signing and returning the enclosed proxy card by mail. YOUR VOTE IS VERY IMPORTANT. WHETHER OR NOT YOU PLAN TO ATTEND THE SPECIAL MEETING, WE ENCOURAGE YOU TO READ THIS PROXY STATEMENT AND PROVIDE US WITH YOUR PROXY CARD OR VOTING INSTRUCTIONS AS SOON AS POSSIBLE. 1 TABLE OF CONTENTS QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING Why Did You Send Me This Proxy Statement? The Board is soliciting your proxy and providing you this Proxy Statement because you were an owner of record of shares of our common stock, par value $0.001 per share (the "common stock"), as of the close of business on August 5, 2024, which is the record date for our Special Meeting (the "Record Date") and, therefore, pursuant to applicable law and the Company's bylaws (the "Bylaws"

View Full Filing

View this DEF 14A filing on SEC EDGAR