Company: FOACW
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-065614
Chunk: 13

Company: Finance of America Companies Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 13
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 the first anniversary date of the immediately preceding annual meeting of stockholders. Our Bylaws also specify requirements as to the form and content of a stockholder’s notice.

In connection with the Business Combination, the Company and certain pre-closing equityholders of FOA Equity entered into a Stockholders Agreement (the “Stockholders Agreement”). Pursuant to the Stockholders**

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Agreement, each of certain funds affiliated with Blackstone Inc. (“Blackstone,” and such funds, the “Blackstone Investors”) and an entity controlled by Brian L. Libman (Brian L. Libman and certain entities controlled by him, the “BL Investors” and, together with the Blackstone Investors, the “Principal Stockholders”) are entitled to nominate a certain number of directors to the board of directors, based on each such holder’s ownership of the voting securities of the Company. Mr. Libman was designated by our Principal Stockholders in accordance with the Stockholders Agreement but the Blackstone Investors have not currently exercised their right to nominate any directors to the board of directors. For additional information on our Stockholders Agreement, see “Transactions with Related Persons—Stockholders Agreement.” Messrs. Essex and Gardner were appointed to the board of directors on March 19, 2025. Mr. Essex was originally recommended to the nominating and corporate governance committee and the board of directors for consideration as a candidate for the board of directors by Mr. Lord. Mr. Gardner was originally recommended to the nominating and corporate governance committee and the board of directors for consideration as a candidate for the board of directors by the Blackstone Investors. However, such recommendation by the Blackstone Investors was not an exercise by the Blackstone Investors of their right under the Stockholders Agreement to nominate directors to the board of directors. Background and Experience of Directors When considering whether directors and nominees have the experience, qualifications, attributes or skills, taken as a whole, to enable the board of directors to satisfy its oversight responsibilities effectively in light of its business and structure, the board of directors focuses primarily on each person’s background and experience as reflected in the information discussed in each of the director nominees’ individual biographies set forth above. We believe that our directors provide an appropriate mix of experience and skills relevant to the size and nature of our business. In particular, the members of our board of directors considered the following important characteristics, among others:

| • |     | Mr. Libman—our board of directors considered Mr. Libman’s perspective, experience and