First Foundation Inc. Reports Director Changes and Officer Compensation

Ticker: FFWM · Form: 8-K · Filed: 2025-07-25T00:00:00.000Z

Sentiment: neutral

Topics: director-change, officer-compensation, governance

TL;DR

Board shakeup at First Foundation: Scott Smith out, David Dechman in. Officer pay details also filed.

AI Summary

On July 21, 2025, First Foundation Inc. filed an 8-K report detailing the departure of Director Scott R. Smith and the appointment of new Director David L. Dechman. The filing also disclosed compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this excerpt.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Director departures and changes in officer compensation can sometimes indicate underlying issues or strategic shifts within a company.

Key Players & Entities

FAQ

Who is the departing director and when did their departure become effective?

Scott R. Smith is the departing director. The filing indicates the event date as July 21, 2025.

Who has been appointed as a new director?

David L. Dechman has been appointed as a new director.

What specific items are covered in the 8-K filing?

The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

What is the exact date of the earliest event reported in this 8-K?

The date of the earliest event reported is July 21, 2025.

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

The principal executive offices are located at 5221 North O'Connor Boulevard, Suite 1375, Irving, Texas 75039.

From the Filing

0001104659-25-070843.txt : 20250725 0001104659-25-070843.hdr.sgml : 20250725 20250725163049 ACCESSION NUMBER: 0001104659-25-070843 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250721 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250725 DATE AS OF CHANGE: 20250725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: First Foundation Inc. CENTRAL INDEX KEY: 0001413837 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance EIN: 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: 251152048 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 tm2521675d1_8k.htm FORM 8-K false 0001413837 0001413837 2025-07-21 2025-07-21 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): July 21, 2025     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)   5221 North O’Connor Boulevard , Suite 1375     Irving , Texas   75039 (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 July 21, 2025, Hugo Nuno, the Chief Banking Officer and Chief Risk Officer of First Foundation Bank (the “Bank”), the wholly-owned subsidiary of First Foundation Inc. (the &#82

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