secwatch.observer — SEC 8-K summary
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Issuer:     Finance of America Companies Inc. (FOA)
CIK:        0001828937
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001193125-22-044928
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Patricia Cook to Retire; Board Commences Successor Search
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828937/000119312522044928/0001193125-22-044928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828937/000119312522044928/d322098d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-044928

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer