CEO Patricia Cook to Retire; Board Commences Successor Search

Finance of America Companies Inc.

Cook will remain CEO until successor is appointed; expects to stay on board through 2022 annual meeting.
Board has started a search for a new CEO; Chairman Brian Libman noted process will be swift.
Unvested RSUs (980,397) will fully accelerate upon retirement if conditions met.
Earnout rights for up to 136,800 shares remain eligible following retirement.
Under Cook, FOA grew to >5,000 employees, completed strategic acquisitions, and went public in April 2021.

item 5.02 item 7.01 item 9.01

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Departed

Patricia L. Cook

Chief Executive Officer

FOA · Finance of America Companies Inc.

Filed: February 17, 2022, 6:59 PM ET

On February 16, 2022, Patricia L. Cook, Chief Executive Officer and director of Finance of America Companies Inc. (the “Company”), informed the Company of her intention to retire as Chief Executive Officer of the Company, effective upon the appointment of her successor

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Executive change SEC 8-K Item 5.02 confidence 0.95

Patricia L. Cook departed as Chief Executive Officer at Finance of America Companies Inc..

Action: intention to retire
Role: Chief Executive Officer

Exact text from the filing

On February 16, 2022, Patricia L. Cook, Chief Executive Officer and director of Finance of America Companies Inc. (the “Company”), informed the Company of her intention to retire as Chief Executive Officer of the Company, effective upon the appointment of her successor

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Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-044928

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