{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-098146","form_type":"8-K","ticker":null,"cik":"0001413837","company_name":"First Foundation Inc.","filed_at":"2024-09-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.976067+00:00","generated_at":"2026-05-31T05:52:33.167286+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"First Foundation appoints Simone Lagomarsino as President; four new directors join board","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-098146","json":"https://secwatch.observer/filing/0001104659-24-098146.json","markdown":"https://secwatch.observer/filing/0001104659-24-098146.md","text":"https://secwatch.observer/filing/0001104659-24-098146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/tm2423580d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T05:52:33.167286+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"32b3234233","claim":"Diane M. Rubin resigned as Director at First Foundation Inc..","evidence_excerpt":"On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"44d3be3733","claim":"Simone Lagomarsino was appointed as Director at First Foundation Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"55e47dc022","claim":"Gabriel V. Vazquez resigned as Director at First Foundation Inc..","evidence_excerpt":"On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"574a0828da","claim":"Henchy R. Enden was appointed as Director at First Foundation Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5c91eedbd7","claim":"Scott F. Kavanaugh resigned as President at First Foundation Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"6dda957cc4","claim":"Sam Edelson was appointed as Director at First Foundation Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7e4146a885","claim":"Simone Lagomarsino was appointed as President at First Foundation Inc..","evidence_excerpt":"On September 3, 2024, Simone Lagomarsino was appointed President of First Foundation Inc.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"85ee9ae5af","claim":"David G. Lake resigned as Director at First Foundation Inc..","evidence_excerpt":"On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"bf6e39006b","claim":"Benjamin Mackovak was appointed as Director at First Foundation Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"eec93bbc8c","claim":"John A. Hakopian resigned as Director at First Foundation Inc..","evidence_excerpt":"On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}