CEO Patricia Cook retire June 30 due to medical condition; Graham Fleming named interim CEO

Finance of America Companies Inc.

CEO Patricia Cook steps down June 30, 2022 to focus on health; previously announced retirement in Feb 2022.
President Graham Fleming appointed interim CEO effective July 1, 2022; will continue as President.
Cook receives $1.375M separation pay and $25K/month consulting fee through Dec 2022 as senior consultant.
Unvested RSUs (653,599 shares) fully accelerated; Earnout Rights (up to 136,800 shares) remain eligible to vest.
CEO search ongoing; Fleming has over 25 years of mortgage lending experience.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Patricia L. Cook

Chief Executive Officer

FOA · Finance of America Companies Inc.

Effective: 2022-06-30
Filed: June 13, 2022, 7:59 PM ET

On June 13, 2022, Ms. Cook informed the Company that she will retire as CEO of the Company effective as of June 30, 2022 due to an existing medical condition.

Appointed (interim)

Graham A. Fleming

Interim Chief Executive Officer

FOA · Finance of America Companies Inc.

Effective: 2022-07-01
Filed: June 13, 2022, 7:59 PM ET

On June 13, 2022, the Board of Directors appointed Graham A. Fleming, President of the Company, as interim CEO, effective as of July 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: retired
Role: Chief Executive Officer

Exact text from the filing

On June 13, 2022, Ms. Cook informed the Company that she will retire as CEO of the Company effective as of June 30, 2022 due to an existing medical condition.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Graham A. Fleming was appointed as Interim Chief Executive Officer at Finance of America Companies Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On June 13, 2022, the Board of Directors appointed Graham A. Fleming, President of the Company, as interim CEO, effective as of July 1, 2022.

View on SEC.gov

Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-172897

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