--- 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" generated_at: "2026-05-31T05:52:33.167286+00:00" event_type: "leadership" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # First Foundation appoints Simone Lagomarsino as President; four new directors join board ## Summary - 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. ## SEC filing metadata - accession: 0001104659-24-098146 - form_type: 8-K - cik: 0001413837 - company_name: First Foundation Inc. - filed_at: 2024-09-09T23:59:59+00:00 - event_type: leadership - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 5.02 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-098146 - JSON: https://secwatch.observer/filing/0001104659-24-098146.json - Plain text: https://secwatch.observer/filing/0001104659-24-098146.txt ## Key facts - Executive change Diane M. Rubin resigned as Director at First Foundation Inc.. - Action: resigned - Role: Director source text: On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm - Executive change Simone Lagomarsino was appointed as Director at First Foundation Inc.. - Action: appointed - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm - Executive change Gabriel V. Vazquez resigned as Director at First Foundation Inc.. - Action: resigned - Role: Director source text: On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm - Executive change Henchy R. Enden was appointed as Director at First Foundation Inc.. - Action: appointed - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm - Executive change Scott F. Kavanaugh resigned as President at First Foundation Inc.. - Action: resigned - Role: President source text: 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_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm - Executive change Sam Edelson was appointed as Director at First Foundation Inc.. - Action: appointed - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm - Executive change Simone Lagomarsino was appointed as President at First Foundation Inc.. - Action: appointed - Role: President source text: On September 3, 2024, Simone Lagomarsino was appointed President of First Foundation Inc. evidence_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm - Executive change David G. Lake resigned as Director at First Foundation Inc.. - Action: resigned - Role: Director source text: On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm - Executive change Benjamin Mackovak was appointed as Director at First Foundation Inc.. - Action: appointed - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm - Executive change John A. Hakopian resigned as Director at First Foundation Inc.. - Action: resigned - Role: Director source text: On September 3, 2024, the Company accepted the resignations of the Former Directors and such directors resigned effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.