Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 64

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 64
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 | ​ |
|:-----------------------------------------|:--|:--|:-----|:--|-----------:|:--|:--|:--|:-----|:--|-----------:|:--|:--|
| Shareholders’ equity                     | ​ | ​ | ​    | $ |  1,053,363 | ​ | ​ | ​ | ​    | $ |    925,343 | ​ | ​ |
| Less: preferred stock                    | ​ | ​ | ​    | ​ |     87,649 | ​ | ​ | ​ | ​    | ​ |          — | ​ | ​ |
| Total common equity                      | ​ | ​ | ​    | ​ |    965,714 | ​ | ​ | ​ | ​    | ​ |    925,343 | ​ | ​ |
| Less: intangible assets                  | ​ | ​ | ​    | ​ |      3,558 | ​ | ​ | ​ | ​    | ​ |      4,948 | ​ | ​ |
| Tangible common equity                   | ​ | ​ | ​    | $ |    962,156 | ​ | ​ | ​ | ​    | $ |    920,395 | ​ | ​ |
| Book value per common share              | ​ | ​ | ​    | $ |      12.79 | ​ | ​ | ​ | ​    | $ |      16.39 | ​ | ​ |
| Tangible book value per common share     | ​ | ​ | ​    | $ |      11.68 | ​ | ​ | ​ | ​    | $ |      16.30 | ​ | ​ |
| Basic common shares outstanding          | ​ | ​ | ​    | ​ | 82,365,388 | ​ | ​ | ​ | ​    | ​ | 56,467,623 | ​ | ​ |

Summary of 2024 Compensation Decisions Simone Lagomarsino was appointed President of the Bank, effective as of July 8, 2024, and was later appointed President of the Company, effective as of September 3, 2024. Ms. Lagomarsino receives an annual base salary of $800,000, subject to annual review, and is eligible for an annual bonus of $1,280,000 based on specific performance targets established by Board. Ms. Lagomarsino also participates in the other benefit programs available to executive employees generally. Thomas