Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 101

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 101
---
 or executive officer, taking into account the size of the transaction and the financial position of the related party, whether the transaction would impair an outside director’s independence, the acceptability of the transaction to our regulators and any possible violations of other of our corporate policies. Transactions with Certain Related Persons In addition to the compensation arrangements with directors and executive officers described in “Executive Compensation” above, the following is a description of each transaction since January 1, 2024, and each proposed transaction in which we have been or are to be a participant; the amount involved exceeded or exceeds $120,000; and any of our directors, executive officers or beneficial holders of more than 5% of our capital stock, or any immediate family member of or person sharing the household with any of these individuals (other than tenants or employees), had or will have a direct or indirect material interest. 2024 Capital Raise For information about the 2024 Capital Raise, see “Election of Directors — Recent Developments” beginning on page 13. Ordinary Banking Relationships FFB has had, and in the future may have, banking transactions in the ordinary course of its business with directors, principal stockholders and their associates, including the making of loans to directors and their associates. Such loans and other banking transactions were, made on the same terms, including interest rates and collateral securing the loans, as those prevailing at the time for comparable transactions with persons who have no affiliation with the FFB and did not involve more than the normal risk of collectability or present any other unfavorable features at the times the loans are made. No such loans are disclosed as past due, nonaccrual or troubled debt restructurings in our consolidated financial statements. Employment Matters Zane Keller, Director of Strategic Initiatives of First Foundation Advisors and the son of Ulrich E. Keller, Jr., was paid approximately $175,000 in total compensation by FFA during 2024. Trevor Kavanaugh, VP, Vendor Manager, and the son of Scott F. Kavanaugh, was paid approximately $130,000 in total compensation by FFB during 2024. 66 TABLE OF CONTENTS ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES
ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS (Proposal No. 5) Pursuant to the Dodd-Frank Act and applicable SEC rules, we are asking our stockholders to vote on whether future advisory votes on the compensation of our named executive officers should be held every year