First Foundation Inc. (NASDAQ: FFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that the Company has reached an agreement with Driver Opportunity Partners I LP, an affiliate of Driver Management Company LLC (together, “Driver”) that will allow Driver’s nominee, Allison Ball, to stand for election to the Board of Directors (the “Board”) at the Company’s 2023 Annual Meeting of Stockholders. Additionally, the settlement contemplates mutually agreed upon governance practices related to the nomination of future nominees. Further, it ends the parties’ costly and disruptive litigation in Delaware Chancery Court.
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