Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 33

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 33
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 address risks directly with management, or, where appropriate, may elevate a risk for consideration by the full Board. The Board has delegated certain risk oversight functions to its committees as discussed below under “ Committees of the Board of Directors .” 19 TABLE OF CONTENTS The Board maintains ultimate oversight responsibility for risks that are deemed material. The Company believes that the Board’s leadership structure supports the risk oversight function of the Board by providing for open communication between management and the Board and including all directors in the risk oversight process. In addition, strong independent directors chair each of the Board’s standing committees that meet regularly, which committees provide in-depth focus on their respective categories of risk. Committees of our Board of Directors Our Board has four standing committees: an Audit Committee, a Compensation Committee, a Nominating and Corporate Governance Committee, and a Risk Committee. The Board has adopted a written charter for each of those committees, and copies of those charters are available on the Investor Relations section of our website at www.ff-inc.com . In addition, from time to time, special committees may be established under the direction of our Board when necessary to address specific issues. The Audit Committee. Our Board has established a standing Audit Committee, the current members of which are Mr. Sonenshine, its chairperson, and Mr. Briggs, Ms. Enden and Mr. Parker. Mr. Sonenshine replaced Ms. Rubin as the chairperson upon Ms. Rubin’s resignation from the Board in September 2024. Mr. Vasquez served on the committee until his resignation in September 2024. Ms. Enden and Mr. Mackovak were appointed to serve on the Audit Committee when they joined the Board in September 2024. In January 2025, Mr. Mackovak resigned from the Audit Committee and Mr. Parker was appointed as his replacement. The Board has determined that all of the current members of the Audit Committee are independent within the meaning of the Listing Rules of the NYSE and the enhanced independence requirements for audit committee members contained in Rule 10A-3 under the Exchange Act. Our Board also has determined that Mr. Sonenshine and Mr. Briggs meet the definition of “audit committee financial expert” adopted by the SEC. The Audit Committee’s primary responsibilities include: • overseeing the integrity of the financial statements of the Company and its subsidiaries, including the financial reporting processes and systems of internal controls regarding finance, accounting, legal and regulatory compliance; • overseeing the independence, qualifications and performance of the Company’s independent auditors