Company: FOACW
Filing Date: 2025-03-20
Form Type: 8-K
Source: 0001828937-25-000015
Chunk: 0

Company: Finance of America Companies Inc.
Filing Date: 2025-03-20
Form: 8-K
Item: Item 5.02
Chunk 0
---
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 19, 2025, the Board of Directors (the “ Board”) of Finance of America Companies Inc. (the “ Company”), upon the recommendation of its Nominating and Corporate Governance Committee, increased the size of the Board to seven members and elected Andrew Essex and Cory Gardner to fill current vacancies, both effective March 19, 2025, to serve until the Company’s 2025 Annual Meeting of Stockholders and until the election and qualification of their respective successor, or death, resignation, disqualification or removal.

Additionally, the Board appointed (i) Mr. Gardner as a member of the Audit Committee of the Board, effective upon becoming a director, and (ii) Mr. Essex as a member of the Compensation Committee and Nominating and Corporate Governance Committee of the Board, effective upon becoming a director.

The Board has determined that each of Messrs. Essex and Gardner qualify as an independent director for service on the Board and the respective committees to which they were assigned under the listing standards of the New York Stock Exchange, the Company’s Corporate Governance Guidelines and rules of the Securities and Exchange Commission (“ SEC”), as applicable.

Each of Messrs. Essex and Gardner (i) has no arrangements or understandings with any other person pursuant to which he was selected as a director and (ii) is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

In connection with their service on the Board and respective committees, as a non-employee director, each of Messrs. Essex and Gardner will be compensated on a prorated basis in accordance with the Company’s compensation policy for non-employee directors of the Board as described under “ Director Compensation” in the Company’sProxy Statement for its 2024 Annual Meeting of Stockholders, filed with the SEC on March 28, 2024, which description is incorporated by reference herein.