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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 27, 2023

 

 

FIRST FOUNDATION INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware 001-36461 20-8639702

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification Number)

 

200 Crescent Court, Suite 1400    
Dallas, Texas   75201
(Address of Principal Executive Offices)   (Zip Code)

 

(469) 638-9636

(Registrant’s Telephone Number, Including Area Code)

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   FFWM   NASDAQ Global Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

  

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

First Foundation Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders on June 27, 2023 (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted on the proposals listed below, each of which was described in the Company’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on May 15, 2023:

 

1.       To elect ten members to the Board of Directors of the Company (the “Board”), each to hold office for a term of one year or until his or her respective successor is duly elected and qualified;

 

2.       To ratify the appointment of Eide Bailly LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023; and

 

3.       To approve, by non-binding advisory vote, the compensation of the Company’s named executive officers for the year ended December 31, 2022.

 

Each stockholder of record is entitled to one vote per share of common stock. As of the close of business on May 4, 2023, the record date for the Annual Meeting, there were a total of 56,424,276 shares of the Company’s common stock issued and outstanding. Present at the Annual Meeting, either in person or by proxy, were holders of 44,265,962 shares of the Company’s common stock, constituting a quorum of the Company’s outstanding shares.

 

On June 29, 2023, First Coast Results, Inc., the independent inspector of elections for the Annual Meeting, issued its final report which certified the final voting results for the Annual Meeting. Set forth below are the final voting results as provided by First Coast Results, Inc.

 

Proposal No. 1 – Election of Directors

 

Company Nominees

 

Name  Votes For   Votes Withheld   Broker Non-Votes 
Max A. Briggs   43,396,338    606,388    — 
John A. Hakopian   35,326,702    8,655,742    — 
Scott F. Kavanaugh   43,350,388    652,338    — 
Ulrich E. Keller, Jr.   43,524,382    478,345    — 
David G. Lake   43,462,633    540,093    — 
Elizabeth A. Pagliarini   43,343,364    659,362    — 
Mitchell M. Rosenberg, Ph.D.   42,741,988    1,260,738    — 
Diane M. Rubin   43,441,399    561,326    — 
Jacob P. Sonenshine   43,372,651    630,075    — 
Gabriel V. Vazquez   43,508,451    491,275    — 

 

Driver Nominee

 

Name  Votes For   Votes Withheld   Broker Non-Votes 
Allison Ball   8,679,113    35,330,649    — 

 

The stockholders voted to elect Max A. Briggs, John A. Hakopian, Scott F. Kavanaugh, Ulrich E. Keller, Jr., David G. Lake, Elizabeth A. Pagliarini, Mitchell M. Rosenberg, Ph.D., Diane M. Rubin, Jacob P. Sonenshine and Gabriel V. Vazquez as directors, each to hold office for a term of one year or until his or her respective successor is duly elected and qualified.

 

Proposal No. 2 – Ratification of Appointment of Independent Registered Public Accounting Firm

 

Votes For   Votes Against   Abstain   Broker Non-Votes
43,771,642   230,870   263,450   —

  

-2-

 

 

The stockholders voted to approve the ratification of Eide Bailly LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.

 

Proposal No. 3 – Advisory Vote on the Compensation of the Company’s Named Executive Officers

 

Votes For   Votes Against   Abstain   Broker Non-Votes
39,657,395   3,643,020   743,212   —

 

The stockholders voted to approve, by non-binding advisory vote, the compensation of the Company’s named executive officers for the year ended December 31, 2022.

 

 

-3-

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    FIRST FOUNDATION INC.
     
Date: June 30, 2023   By: /s/ SCOTT F. KAVANAUGH
      Scott F. Kavanaugh
      President and Chief Executive Officer

  

-4-

 

 

 

 

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Jun. 27, 2023
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Document Type 8-K
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Document Period End Date Jun. 27, 2023
Entity File Number 001-36461
Entity Registrant Name FIRST FOUNDATION INC.
Entity Central Index Key 0001413837
Entity Tax Identification Number 20-8639702
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 200 Crescent Court
Entity Address, Address Line Two Suite 1400
Entity Address, City or Town Dallas
Entity Address, State or Province TX
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Title of 12(b) Security Common Stock
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