Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 34

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 34
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 and internal audit function; • engaging in substantive dialogue with the independent auditors regarding the audit and expected critical accounting matters (“CAMs”) to understand the nature of each CAM, the auditor’s basis for the determination of each CAM and how each CAM is expected to be described in the auditor’s report; • monitoring the open communication among the independent auditor, management, the internal audit function and the Board; and • engaging proactively with management and auditors in the implementation process of new standards to understand management’s implementation plan, understand management’s processes to establish and monitor controls and procedures over adoption and transition. The Audit Committee met 14 times during 2024. The Compensation Committee. Our Board has established a standing Compensation Committee, the current members of which are Mr. Rosenberg, its chairman, Messrs. Mackovak and Parker, and Ms. Pagliarini. Mr. Lake and Ms. Rubin served on the committee until their resignations in September 2024. Mr. Mackovak and Mr. Parker were appointed to serve on the Compensation Committee when they joined the Board in September 2024 and November 2024, respectively. The Board has determined that all of the current members of the Compensation Committee are independent within the meaning of the NYSE rules applicable to such committees. The Compensation Committee’s primary responsibilities include: • reviewing and approving the compensation plans, policies and programs for the Company’s CEO and other senior officers; 20 TABLE OF CONTENTS • developing, reviewing and making recommendations to the Board with respect to the adoption or revision of cash and equity incentive plans, approving individual grants or awards thereunder and reporting to the Board regarding the terms of such individual grants or awards; • reviewing and discussing with the Company’s management the narrative discussion and tables regarding executive officer and director compensation to be included in the Company’s annual proxy statement, in accordance with applicable laws, rules and regulations; • producing and approving an annual report on executive compensation for inclusion in the Company’s annual proxy statement, in accordance with applicable laws, rules and regulations; • making recommendations to the Board regarding the type and amount of compensation to be paid or awarded to members of the Board; and • hiring compensation consultants, reviewing the recommendations of such consultants, and determining that such consultant’s work has not raised any conflict of interest. Compensation Committee Interlocks and Insider Participation. None of the members of our Compensation Committee have been an officer or employee of the Company or any of our subsidiaries. In addition, none of our executive officers serves or has served as a member of the