Five Point names Dan Hedigan as CEO; Lynn Jochim steps down as President/COO

Five Point Holdings, LLC

Daniel Hedigan appointed CEO effective Feb 9, 2022; base salary $600K, target bonus $1.6M, equity grant $800K.
Lynn Jochim steps down as President and COO effective Feb 14, 2022; enters 3-year advisory agreement at $83,333 monthly retainer.
Hedigan brings 40+ years real estate experience, most recently President of Land Sales & Home Building at Irvine Company.
Jochim's equity awards continue vesting during advisory term; accelerate upon termination without cause or change of control.

item 5.02 item 9.01

Executive movements

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Appointed

Daniel Hedigan

Chief Executive Officer

FPH · Five Point Holdings, LLC

Effective: 2022-02-09
Filed: February 9, 2022, 6:59 PM ET

On February 9, 2022, Five Point Holdings, LLC (the “Company”) announced the appointment of Daniel Hedigan as Chief Executive Officer of the Company, effective immediately.

Departed

Lynn Jochim

President and Chief Operating Officer

FPH · Five Point Holdings, LLC

Effective: 2022-02-14
Filed: February 9, 2022, 6:59 PM ET

The Company also announced that its President and Chief Operating Officer, Lynn Jochim, will step down and transition from such positions effective February 14, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Hedigan was appointed as Chief Executive Officer at Five Point Holdings, LLC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On February 9, 2022, Five Point Holdings, LLC (the “Company”) announced the appointment of Daniel Hedigan as Chief Executive Officer of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lynn Jochim departed as President and Chief Operating Officer at Five Point Holdings, LLC.

Action: stepped down
Role: President and Chief Operating Officer

Exact text from the filing

The Company also announced that its President and Chief Operating Officer, Lynn Jochim, will step down and transition from such positions effective February 14, 2022.

View on SEC.gov

Five Point Holdings, LLC filing history →

Source: SEC EDGAR

accession 0001193125-22-032865

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