{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-088923","form_type":"8-K","ticker":"FOA","cik":"0001828937","company_name":"Finance of America Companies Inc.","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.952859+00:00","generated_at":"2026-06-17T07:14:33.676854+00:00","sec_items":["1.01","2.01","3.02","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Finance of America closes AAG asset acquisition, raises $30M equity, promotes Fleming to CEO","bullets":["Acquired AAG assets for $5.5M cash plus $4.5M promissory note; adds direct-to-consumer channel reaching 10M consumers annually.","Issued 10.87M Class A shares each to Blackstone and BL Investor for $15M apiece ($30M total) to fund deal and corporate purposes.","Graham A. Fleming appointed CEO effective April 5, 2023; Kristen Sieffert promoted to President with salary raised to $650K and target bonus to $1.2M.","Transaction expected to be immediately accretive to tangible book value and earnings; FOA now one of the largest reverse mortgage lenders in the U.S."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-088923","json":"https://secwatch.observer/filing/0001193125-23-088923.json","markdown":"https://secwatch.observer/filing/0001193125-23-088923.md","text":"https://secwatch.observer/filing/0001193125-23-088923.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828937/000119312523088923/0001193125-23-088923-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828937/000119312523088923/d406882d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T07:14:33.676854+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"548a4f2454","claim":"Graham A. Fleming was appointed as Chief Executive Officer at Finance of America Companies Inc..","evidence_excerpt":"appointed Graham A. Fleming, current President and interim Chief Executive Officer (CEO) of the Company, as Chief Executive Officer (principal executive officer), effective as of April 5, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828937/000119312523088923/0001193125-23-088923-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"cfab01ae56","claim":"Kristen Sieffert was appointed as President at Finance of America Companies Inc..","evidence_excerpt":"appointed Kristen Sieffert to serve as President of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828937/000119312523088923/0001193125-23-088923-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"7733beb7821032c5106f3b254abd7d05acaa54a7","claim":"Finance of America Companies Inc. completed an acquisition involving American Advisors Group for $5.5 million in cash (closed 2023-03-31).","evidence_excerpt":"parties to the AAG Transaction agreed, among other things, that (a) the amount of cash consideration payable by FAR to AAG under the Asset Purchase Agreement would be reduced to $5.5 million (from $10 million in the Original Asset Purchase Agreement) and in connection with such reduction, FAR would issue to AAG a promissory note with an aggregate principal amount of","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828937/000119312523088923/0001193125-23-088923-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"American Advisors Group"},{"label":"Consideration","value":"$5.5 million in cash"},{"label":"Closing","value":"2023-03-31"}],"fact_type":"ma_transaction"},{"claim_id":"1484ad82ba376e3e10f6ba28ae4c27037a8ae706","claim":"Finance of America Companies Inc. entered into Equity Matters Agreement with AAG valued at AAG joined and became a party to FOAEC LLC agreement, Exchange Agreement, and Registration Rights Ag (effective 2023-03-31).","evidence_excerpt":"on the Closing Date, in connection with the consummation of the AAG Transaction, the Company and FOAEC entered into an Equity Matters Agreement (the “ Equity Matters Agreement ”) with AAG","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828937/000119312523088923/0001193125-23-088923-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"AAG"},{"label":"Value","value":"AAG joined and became a party to FOAEC LLC agreement, Exchange Agreement, and Registration Rights Ag"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}