Company: FFWM
Filing Date: 2025-10-21
Form Type: 8-K
Source: 0001104659-25-101261
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Company: First Foundation Inc.
Filing Date: 2025-10-21
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of  

Appointment of Parham Medhat as Chief Operations Officer

On October 20, 2025, First Foundation Bank, a California state chartered
bank (the “ Bank”) and wholly-owned subsidiary of First Foundation Inc. (the “ Company”), appointed Parham Medhat
as Executive Vice President, Chief Operations Officer.

Mr. Medhat, age 51, has led operational transformation, technology
integration, and regulatory compliance in the banking sector for over 20 years. He joins the Bank from Nano Banc, where he served as Chief
Operating Officer since May 2024. Prior to that, he was the Chief Operating and Technology Officer at Luther Burbank Savings from 2019
to 2024, and the Chief Operating Officer of CTBC Bank USA from 2014 to 2019. Mr. Medhat received his undergraduate degree from California
State University, Long Beach, and his master’s degree in Technology-Based Education from California State University, Dominguez
Hills.

On October 21, 2025, the Bank entered into an employment agreement
with Mr. Medhat, with an initial term ending on December 31, 2027 (the “ Medhat Employment Agreement”). Pursuant to the Medhat
Employment Agreement, Mr. Medhat will receive an annual base salary of $400,000, subject to increase at the discretion of the Board of
Directors or its Compensation Committee, and may also receive a bonus of up to 75% of his annual base salary at the Bank’s sole
discretion. He will also receive a signing bonus of $100,000, which will be subject to recoupment on a pro rata basis if he departs from
the Bank within two years. Mr. Medhat will be able to participate in the other benefit programs of the Bank available to executive employees
generally.

If Mr. Medhat’s employment is terminated without cause or Mr.
Medhat terminates his employment for good reason (in each case, as defined in the Medhat Employment Agreement), then he will be entitled
to a lump sum payment equal to the lesser of (i) 12 months of his annual base salary and (ii) the aggregate base salary that would have
been paid to him for the remainder of the term of the Medhat Employment Agreement if such remaining term is shorter than 12 months