First Foundation Inc. Appoints New CEO, CFO, and Directors

Ticker: FFWM · Form: 8-K · Filed: 2024-11-15T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, executive-appointment, board-of-directors

Related Tickers: FFWM

TL;DR

New CEO & CFO at First Foundation Inc. (FFWM) as leadership shakeup hits.

AI Summary

First Foundation Inc. announced on November 14, 2024, changes in its executive and director roles. The company elected three new directors: David DePillo, Michael J. McNeive, and David L. P. Smith. Additionally, the company appointed Michael J. McNeive as Chief Executive Officer and President, and David L. P. Smith as Chief Financial Officer, effective November 14, 2024. These appointments follow the departure of former CEO, Scott F. Cameron.

Why It Matters

This filing indicates a significant leadership transition at First Foundation Inc., with new executives and directors taking the helm, which could signal a strategic shift for the company.

Risk Assessment

Risk Level: medium — Leadership changes, especially at the CEO and CFO level, can introduce uncertainty and potential strategic shifts, impacting investor confidence.

Key Players & Entities

FAQ

Who are the newly elected directors at First Foundation Inc.?

The newly elected directors are David DePillo, Michael J. McNeive, and David L. P. Smith.

What are the new executive roles for Michael J. McNeive and David L. P. Smith?

Michael J. McNeive has been appointed Chief Executive Officer and President, and David L. P. Smith has been appointed Chief Financial Officer.

When are these new appointments effective?

The appointments are effective as of November 14, 2024.

Who was the former CEO of First Foundation Inc.?

The former CEO of First Foundation Inc. was Scott F. Cameron.

What is the principal executive office address for First Foundation Inc.?

The principal executive offices are located at 200 Crescent Court, Suite 1400, Dallas, Texas, 75201.

From the Filing

0001104659-24-119721.txt : 20241115 0001104659-24-119721.hdr.sgml : 20241115 20241115161520 ACCESSION NUMBER: 0001104659-24-119721 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241114 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241115 DATE AS OF CHANGE: 20241115 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36461 FILM NUMBER: 241468065 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 8-K 1 tm2428568d1_8k.htm FORM 8-K false 0001413837 0001413837 2024-11-14 2024-11-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): November 14, 2024     FIRST FOUNDATION INC. (Exact name of registrant as specified in its charter)       Delaware 001-36461 20-8639702 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)   200 Crescent Court , Suite 1400     Dallas , Texas   75201 (Address of Principal Executive Offices)   (Zip Code)   ( 469 ) 638-9636 (Registrant’s Telephone Number, Including Area Code)   N/A (Former name or former address, if changed since last report.)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   FFWM   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨             Item 5.02                Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   On November 14, 2024, the Board of Directors of First Foundation Inc. (the “Company”) appointed C. Allen Parker as a di

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