UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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| Item 5.03 | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On February 27, 2024, the Board of Directors (the “Board”) of First Foundation Inc. (“Company”) amended and restated the Company’s bylaws (the “Amended Bylaws”), effective immediately.
The Amended Bylaws implement certain additional notice requirements for director nominations relating to Rule 14a-19 under the Securities Exchange Act of 1934, as amended (“Rule 14a-19”), such as requiring that stockholders intending to use Rule 14a-19 deliver a notice to the Company certifying in writing that they will comply with Rule 14a-19’s requirements, confirm that they have complied with Rule 14a-19, and promptly notify the Company of any changes to the information submitted by such stockholder. In addition, such nominating stockholder or a qualified representative must be present at the meeting for the election of directors.
In addition, the Amended Bylaws implement certain ministerial, clarifying and conforming and technical changes, including changes to reflect recent updates to the Delaware General Corporation Law (the “DGCL”), as follows: clarifying that all actions which may be taken at a meeting of stockholders, including the election or removal of directors, may be taken by written consent by the holders of record of at least the minimum number of votes that would be necessary to take such action at a meeting; clarifying that the Board or any member thereof may be removed, with or without cause, by the holders of a majority of the voting power; and revising Section 7.1(b) to reflect the updated Section 219(a) of the DGCL, which no longer requires the Company to make the stockholder list available for inspection during the stockholders’ meeting.
The foregoing description of the Amended Bylaws is qualified in its entirety by reference to the full text of the Amended Bylaws, a copy of which is attached as Exhibit 3.1 to this report and incorporated by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. | Description | |
| 3.1 | Bylaws of First Foundation Inc. (effective February 27, 2024) | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: February 27, 2024 | By: | /s/ SCOTT F. KAVANAUGH |
| Scott F. Kavanaugh | ||
| President and Chief Executive Officer | ||