Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 20

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 20
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 (10) Mr. Mackovak beneficially owns 6,768,343 shares held by Strategic Value Bank Partners LLC as its Co-Founder and Managing Member. Mr. Mackovak disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein. (11) Includes 27,282 shares held in a family trust and 7,143 shares held in a defined benefit plan, over which Ms. Pagliarini shares voting and investment power. (12) Includes 447,000 shares are held in brokerage accounts pursuant to which they may serve as security for margin loans. (13) Includes 1,040 shares beneficially owned by Mr. Naghibi’s son. (14) Includes 693,000 shares held in a limited partnership and 1,230,622 shares held in family trust over which Mr. Keller shares voting and investment power. Also includes 215,000 shares beneficially owned by Mr. Keller’s spouse, as to which he disclaims beneficial ownership. 12 TABLE OF CONTENTS ELECTION OF DIRECTORS (Proposal No. 1) The Bylaws provide that the Board will consist of one or more members, the number of which will be determined from time to time by resolution of the Board. The Board has set the authorized number of directors at ten. Accordingly, a total of ten directors will be elected at the Annual Meeting to hold office until the next annual stockholders’ meeting and until their respective successors are elected and qualify to serve. The Board has nominated for election the ten persons named in the table below, all of whom are incumbent directors. Each of the nominees has consented to serve as a director if elected at the Annual Meeting. Unless authority to vote has been withheld, the named proxy holders intend to vote the shares represented by the proxies received by them “ FOR ” the election of all of those ten nominees. If, prior to the Annual Meeting, any of the Board’s nominees becomes unable to serve, the Board either will designate a substitute nominee, in which event the proxy holders will vote the proxies received by them for his or her election, or will reduce the authorized number of directors standing for election. Recent Developments 2024 Capital Raise On July 8, 2024, we raised approximately $228 million of gross proceeds in an equity capital raise (the “2024 Capital Raise”) pursuant to investment agreements dated July 2, 2024, with (1) an affiliate of Fortress Credit Advisors LLC (“Fortress”), (