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

From the Filing

0001104659-24-091960.txt : 20240822 0001104659-24-091960.hdr.sgml : 20240822 20240822150705 ACCESSION NUMBER: 0001104659-24-091960 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20240822 DATE AS OF CHANGE: 20240822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: First Foundation Inc. CENTRAL INDEX KEY: 0001413837 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-36461 FILM NUMBER: 241231672 BUSINESS ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 949-222-2030 MAIL ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 FORMER COMPANY: FORMER CONFORMED NAME: KELLER FINANCIAL GROUP DATE OF NAME CHANGE: 20071001 DEF 14A 1 tm2420328-6_def14a.htm DEF 14A tm2420328-6_def14a - block - 4.3852714s TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ​ ☐ Preliminary Proxy Statement ​ ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ​ ​ ☒ Definitive Proxy Statement ​ ☐ Definitive Additional Materials ​ ☐ Soliciting Material under Section 240.14a-12 ​ FIRST FOUNDATION INC. ​ (Name of Registrant as Specified In Its Charter) N/A ​ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒ No fee required. ​ ☐ Fee paid previously with preliminary materials. ​ ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. ​ TABLE OF CONTENTS   FIRST FOUNDATION INC. August 22, 2024 Dear Fellow Stockholder: The Board of Directors (the “Board”) and I would like to extend you an invitation to attend a special meeting of the stockholders (the “Special Meeting”) of First Foundation Inc. (the “Company”). The Special Meeting 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. On July 8, 2024, the Company raised approximately $228 million of gross proceeds in an equity capital raise anchored by several well-respected investment firms, including affiliates of each of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, and North Reef Capital. We believe the proceeds from this capital raise will provide the Company with the financial strength and flexibility to improve its balance sheet while refocusing on opportunities to profitably build the Company’s deposit base, loan portfolio and high-performing wealth management business across its attractive markets. At the meeting, you will be asked to consider and vote on three important proposals relating to this capital raise. Your vote is important. We believe approval of these proposals will provide material capital and financial benefits to the Company as further explained in the accompanying Proxy Statement. In particular, your approval of Proposal No. 1 (Authorized Share Amendment Proposal) and Proposal No. 2 (Share Issuance Proposal) are necessary to (i) complete the recapitalization envisioned by the recently completed capital raise, (ii) ensure that the new investors convert or exchange their dividend-bearing preferred stock to common stock to the greatest extent possible, and (iii) enable the Company to obtain the full capital benefits of the recen