secwatch.observer — SEC 8-K summary
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Issuer:     First Foundation Inc. (—)
CIK:        0001413837
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001104659-24-098146
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

First Foundation appoints Simone Lagomarsino as President; four new directors join board
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/0001104659-24-098146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413837/000110465924098146/tm2423580d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098146

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