8-K
filed September 9, 2024, 7:59 PM ET
CIK 0001413837
leadership
confidence high
sentiment neutral
materiality 0.55
First Foundation appoints Simone Lagomarsino as President; four new directors join board
First Foundation Inc.
- Simone Lagomarsino appointed President of First Foundation Inc.; Scott Kavanaugh remains CEO.
- Four former directors resigned on Sept 3, 2024 (Hakopian, Lake, Rubin, Vazquez); no disagreement.
- New directors appointed: Edelson, Enden, Lagomarsino, Mackovak, effective immediately per investment agreements.
- Edelson, Enden, Mackovak appointed pursuant to Canyon, Fortress, SVBP investment agreements, respectively.
- Lagomarsino's compensation: $800K base salary, eligible for $1.28M annual bonus based on performance targets.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Diane M. Rubin resigned as Director at First Foundation Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Simone Lagomarsino was appointed as Director at First Foundation Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On September 3, 2024, Sam Edelson, Henchy R. Enden, Simone Lagomarsino, and Benjamin Mackovak (the "New Directors"), each of whom was appointed to the Bank Board on July 8, 2024, were each appointed to the Company Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gabriel V. Vazquez resigned as Director at First Foundation Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Henchy R. Enden was appointed as Director at First Foundation Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On September 3, 2024, Sam Edelson, Henchy R. Enden, Simone Lagomarsino, and Benjamin Mackovak (the "New Directors"), each of whom was appointed to the Bank Board on July 8, 2024, were each appointed to the Company Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott F. Kavanaugh resigned as President at First Foundation Inc..
- Action
- resigned
- Role
- President
Exact text from the filing
Scott F. Kavanaugh, who continues to serve as the Company's Chief Executive Officer, resigned his position as President concurrent with Ms. Lagomarsino's appointment.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sam Edelson was appointed as Director at First Foundation Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On September 3, 2024, Sam Edelson, Henchy R. Enden, Simone Lagomarsino, and Benjamin Mackovak (the "New Directors"), each of whom was appointed to the Bank Board on July 8, 2024, were each appointed to the Company Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Simone Lagomarsino was appointed as President at First Foundation Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
On September 3, 2024, Simone Lagomarsino was appointed President of First Foundation Inc.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David G. Lake resigned as Director at First Foundation Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Benjamin Mackovak was appointed as Director at First Foundation Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On September 3, 2024, Sam Edelson, Henchy R. Enden, Simone Lagomarsino, and Benjamin Mackovak (the "New Directors"), each of whom was appointed to the Bank Board on July 8, 2024, were each appointed to the Company Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John A. Hakopian resigned as Director at First Foundation Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately.
View on SEC.gov
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