Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 82

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 82
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. (10) A trust affiliated with Ms. Lagomarsino acquired a number of our shares of common stock as part of our 2024 Capital Raise. Such shares were acquired at below then current fair market value (as compared to our then closing market price). However, they were acquired at the same price and based on the same terms as our shares were acquired by our other investors who were part of the 2024 Capital Raise. As a result, we do not view any portion of such share acquisition by Ms. Lagomarsino’s trust as compensatory. (11) Mr. Britton was designated an NEO when he was appointed to Executive Vice President and Chief Financial Officer of FFI and FFB in August 2023 and therefore only 2024 and 2023 information is included above. His salary was pro-rated for the period of his service to the Company from August 3, 2023 through December 31, 2023. (12) Mr. Keller resigned from his position as Executive Chairman in October 2024. Due to a change in responsibilities, his salary increased beginning in October 2024. (13) Mr. Kavanaugh resigned from his position as an NEO in November 2024. His salary was pro-rated for the period of his service to the Company from January 1, 2024 through November 21, 2024. In addition, in connection with his resignation, he forfeited 57,047 RSUs. Employment Agreements Other than Mr. Hakopian, each of our continuing NEOs is currently employed under an employment agreement. Mr. Hakopian’s employment agreement ended on December 31, 2023 and he is currently employed at-will. Mr. Shafer’s employment agreement ends on March 15, 2028, Ms. Lagomarsino’s employment agreement ends on December 31, 2026 and Messrs. Britton and Naghibi’s employment agreements end on December 31, 2025. Mr. Kavanaugh’s employment agreement terminated upon his resignation on November 21, 2024. 51 TABLE OF CONTENTS Mr. Shafer entered into an employment agreement with FFI and FFB on February 11, 2025. Ms. Lagomarsino entered into an employment agreement with FFI and FFB on February 11, 2025. Mr. Britton entered into an employment agreement with FFI on August 14, 2023. Mr. Naghibi entered into an