---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-004505"
form_type: "8-K"
ticker: "FAF"
cik: "0001472787"
company_name: "First American Financial Corp"
filed_at: "2022-02-10T23:59:59+00:00"
generated_at: "2026-06-27T09:09:22.834393+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CEO transition: DeGiorgio promoted, Gilmore becomes Chairman; Q4 revenue up 10% to $2.4B, EPS $2.33

## Summary
- Kenneth DeGiorgio promoted to CEO; Dennis Gilmore becomes Chairman, will remain employee through Sept 9, 2022.
- Q4 2021 revenue up 10% to $2.4B; net income $260M ($2.33 diluted EPS) vs $280M ($2.49) YoY.
- Full year 2021 record revenue $9.2B (+30% YoY); net income $1.2B ($11.14 EPS) vs $696M ($6.16).
- Dividend raised 11% to $2.04 annual rate; repurchased 1.7M shares for $99M in 2021.
- Commercial title revenues up 66% to $377M in Q4; full year commercial revenue record $1.0B.

## SEC filing metadata
- accession: 0001564590-22-004505
- form_type: 8-K
- ticker: FAF
- cik: 0001472787
- company_name: First American Financial Corp
- filed_at: 2022-02-10T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472787/000156459022004505/0001564590-22-004505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472787/000156459022004505/faf-8k_20220204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-004505
- JSON: https://secwatch.observer/filing/0001564590-22-004505.json
- Plain text: https://secwatch.observer/filing/0001564590-22-004505.txt

## Key facts
- Executive change
  Dennis J. Gilmore was appointed as Chairman of the Board at First American Financial Corp.
  - Action: appointed
  - Role: Chairman of the Board
  source text: Also on February 4, 2022, Dennis J. Gilmore resigned as the Company’s chief executive officer and was appointed chairman of the Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1472787/000156459022004505/0001564590-22-004505-index.htm
- Executive change
  Kenneth D. DeGiorgio changed role as Chief Executive Officer at First American Financial Corp.
  - Action: promoted
  - Role: Chief Executive Officer
  source text: On February 4, 2022, the Company’s Board of Directors promoted Kenneth D. DeGiorgio to chief executive officer and appointed him as a director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1472787/000156459022004505/0001564590-22-004505-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.