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[8-K] First Foundation Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Item 5.02 – Executive transition

Apple Inc. filed an 8-K announcing the Board’s appointment of Sabih Khan, 58, as Chief Operating Officer effective 25 July 2025. Khan succeeds Jeff Williams under a previously disclosed transition plan. He has served Apple since August 1995, most recently as Senior Vice President, Operations, and earlier as Vice President, Product Operations.

Khan entered into Apple’s standard executive indemnification agreement. The company stated no family relationships or related-party transactions requiring additional disclosure under Regulation S-K. The filing contains no financial data, strategic updates, or other material events.

Voce 5.02 – Transizione esecutiva

Apple Inc. ha depositato un modulo 8-K annunciando la nomina del Consiglio di Amministrazione di Sabih Khan, 58 anni, come Chief Operating Officer a partire dal 25 luglio 2025. Khan succede a Jeff Williams secondo un piano di transizione precedentemente comunicato. È in Apple dal agosto 1995, ricoprendo più recentemente il ruolo di Senior Vice President, Operations, e in precedenza Vice President, Product Operations.

Khan ha sottoscritto l'accordo standard di indennizzo per dirigenti di Apple. La società ha dichiarato assenza di rapporti familiari o transazioni con parti correlate che richiedano ulteriori comunicazioni ai sensi del Regolamento S-K. Il deposito non contiene dati finanziari, aggiornamenti strategici o altri eventi rilevanti.

Artículo 5.02 – Transición ejecutiva

Apple Inc. presentó un formulario 8-K anunciando el nombramiento por parte de la Junta de Sabih Khan, 58 años, como Director de Operaciones con efecto a partir del 25 de julio de 2025. Khan reemplaza a Jeff Williams según un plan de transición previamente divulgado. Ha trabajado en Apple desde agosto de 1995, desempeñándose más recientemente como Vicepresidente Senior de Operaciones y anteriormente como Vicepresidente de Operaciones de Producto.

Khan firmó el acuerdo estándar de indemnización ejecutiva de Apple. La compañía declaró que no existen relaciones familiares ni transacciones con partes relacionadas que requieran divulgación adicional según el Reglamento S-K. La presentación no contiene datos financieros, actualizaciones estratégicas ni otros eventos materiales.

항목 5.02 – 경영진 교체

Apple Inc.는 이사회가 Sabih Khan(58세)를 2025년 7월 25일부터 최고운영책임자(COO)로 임명했다고 8-K 보고서를 제출했습니다. Khan은 이전에 공개된 전환 계획에 따라 Jeff Williams의 후임입니다. 그는 1995년 8월부터 Apple에서 근무했으며, 최근에는 운영 담당 수석 부사장, 이전에는 제품 운영 부사장으로 재직했습니다.

Khan은 Apple의 표준 경영진 면책 계약에 서명했습니다. 회사는 규정 S-K에 따라 추가 공시가 필요한 가족 관계나 관련 당사자 거래가 없음을 밝혔습니다. 제출 서류에는 재무 데이터, 전략 업데이트 또는 기타 중요한 사건이 포함되어 있지 않습니다.

Point 5.02 – Transition exécutive

Apple Inc. a déposé un formulaire 8-K annonçant la nomination par le Conseil d'administration de Sabih Khan, 58 ans, en tant que Chief Operating Officer à compter du 25 juillet 2025. Khan succède à Jeff Williams selon un plan de transition précédemment communiqué. Il travaille chez Apple depuis août 1995, occupant récemment le poste de Senior Vice President, Operations, et auparavant Vice President, Product Operations.

Khan a signé l'accord d'indemnisation standard des cadres d'Apple. La société a déclaré qu'il n'existe aucune relation familiale ni transaction avec des parties liées nécessitant une divulgation supplémentaire conformément au règlement S-K. Le dépôt ne contient aucune donnée financière, mise à jour stratégique ou autre événement important.

Position 5.02 – Führungskräftewechsel

Apple Inc. reichte ein 8-K ein, in dem der Vorstand die Ernennung von Sabih Khan, 58 Jahre, zum Chief Operating Officer mit Wirkung zum 25. Juli 2025 bekanntgab. Khan tritt die Nachfolge von Jeff Williams im Rahmen eines zuvor bekanntgegebenen Übergangsplans an. Er ist seit August 1995 bei Apple tätig, zuletzt als Senior Vice President, Operations, und zuvor als Vice President, Product Operations.

Khan hat die standardmäßige Entschädigungsvereinbarung für Führungskräfte von Apple unterzeichnet. Das Unternehmen erklärte, dass es keine familiären Beziehungen oder Transaktionen mit verbundenen Parteien gibt, die gemäß Regulation S-K zusätzlich offengelegt werden müssten. Die Einreichung enthält keine finanziellen Daten, strategischen Updates oder sonstige wesentliche Ereignisse.

Positive
  • Internal promotion of a 30-year veteran supports leadership continuity and institutional knowledge.
  • No related-party transactions or conflicts disclosed, indicating clean governance around the appointment.
Negative
  • No financial or strategic information accompanied the executive change, offering little insight into operational outlook.

Insights

TL;DR: Long-serving operations chief elevated to COO; promotes continuity, limited direct financial impact.

The 8-K focuses solely on leadership succession. Promoting a 30-year veteran who already oversees global operations suggests operational stability and smooth knowledge transfer, mitigating typical succession risk. Because the appointment follows a predefined plan and includes standard indemnification, no governance red flags emerge. However, the filing lacks performance metrics or commentary on strategic priorities, so investors receive minimal insight into near-term financial implications.

Voce 5.02 – Transizione esecutiva

Apple Inc. ha depositato un modulo 8-K annunciando la nomina del Consiglio di Amministrazione di Sabih Khan, 58 anni, come Chief Operating Officer a partire dal 25 luglio 2025. Khan succede a Jeff Williams secondo un piano di transizione precedentemente comunicato. È in Apple dal agosto 1995, ricoprendo più recentemente il ruolo di Senior Vice President, Operations, e in precedenza Vice President, Product Operations.

Khan ha sottoscritto l'accordo standard di indennizzo per dirigenti di Apple. La società ha dichiarato assenza di rapporti familiari o transazioni con parti correlate che richiedano ulteriori comunicazioni ai sensi del Regolamento S-K. Il deposito non contiene dati finanziari, aggiornamenti strategici o altri eventi rilevanti.

Artículo 5.02 – Transición ejecutiva

Apple Inc. presentó un formulario 8-K anunciando el nombramiento por parte de la Junta de Sabih Khan, 58 años, como Director de Operaciones con efecto a partir del 25 de julio de 2025. Khan reemplaza a Jeff Williams según un plan de transición previamente divulgado. Ha trabajado en Apple desde agosto de 1995, desempeñándose más recientemente como Vicepresidente Senior de Operaciones y anteriormente como Vicepresidente de Operaciones de Producto.

Khan firmó el acuerdo estándar de indemnización ejecutiva de Apple. La compañía declaró que no existen relaciones familiares ni transacciones con partes relacionadas que requieran divulgación adicional según el Reglamento S-K. La presentación no contiene datos financieros, actualizaciones estratégicas ni otros eventos materiales.

항목 5.02 – 경영진 교체

Apple Inc.는 이사회가 Sabih Khan(58세)를 2025년 7월 25일부터 최고운영책임자(COO)로 임명했다고 8-K 보고서를 제출했습니다. Khan은 이전에 공개된 전환 계획에 따라 Jeff Williams의 후임입니다. 그는 1995년 8월부터 Apple에서 근무했으며, 최근에는 운영 담당 수석 부사장, 이전에는 제품 운영 부사장으로 재직했습니다.

Khan은 Apple의 표준 경영진 면책 계약에 서명했습니다. 회사는 규정 S-K에 따라 추가 공시가 필요한 가족 관계나 관련 당사자 거래가 없음을 밝혔습니다. 제출 서류에는 재무 데이터, 전략 업데이트 또는 기타 중요한 사건이 포함되어 있지 않습니다.

Point 5.02 – Transition exécutive

Apple Inc. a déposé un formulaire 8-K annonçant la nomination par le Conseil d'administration de Sabih Khan, 58 ans, en tant que Chief Operating Officer à compter du 25 juillet 2025. Khan succède à Jeff Williams selon un plan de transition précédemment communiqué. Il travaille chez Apple depuis août 1995, occupant récemment le poste de Senior Vice President, Operations, et auparavant Vice President, Product Operations.

Khan a signé l'accord d'indemnisation standard des cadres d'Apple. La société a déclaré qu'il n'existe aucune relation familiale ni transaction avec des parties liées nécessitant une divulgation supplémentaire conformément au règlement S-K. Le dépôt ne contient aucune donnée financière, mise à jour stratégique ou autre événement important.

Position 5.02 – Führungskräftewechsel

Apple Inc. reichte ein 8-K ein, in dem der Vorstand die Ernennung von Sabih Khan, 58 Jahre, zum Chief Operating Officer mit Wirkung zum 25. Juli 2025 bekanntgab. Khan tritt die Nachfolge von Jeff Williams im Rahmen eines zuvor bekanntgegebenen Übergangsplans an. Er ist seit August 1995 bei Apple tätig, zuletzt als Senior Vice President, Operations, und zuvor als Vice President, Product Operations.

Khan hat die standardmäßige Entschädigungsvereinbarung für Führungskräfte von Apple unterzeichnet. Das Unternehmen erklärte, dass es keine familiären Beziehungen oder Transaktionen mit verbundenen Parteien gibt, die gemäß Regulation S-K zusätzlich offengelegt werden müssten. Die Einreichung enthält keine finanziellen Daten, strategischen Updates oder sonstige wesentliche Ereignisse.

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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): July 21, 2025

 

 

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)

 

5221 North O’Connor Boulevard, Suite 1375    
Irving, Texas   75039
(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   New York Stock Exchange

 

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 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On July 21, 2025, Hugo Nuno, the Chief Banking Officer and Chief Risk Officer of First Foundation Bank (the “Bank”), the wholly-owned subsidiary of First Foundation Inc. (the “Company”), gave notice of his resignation, to be effective August 1, 2025. The Company and the Bank have appointed Simone Lagomarsino, who currently serves as President, to the additional role of Chief Risk Officer, effective July 25, 2025.

 

There are no arrangements or understandings between Ms. Lagomarsino and any other persons pursuant to which she was selected to her position with the Company. There are no family relationships between Ms. Lagomarsino and any director or executive officer of the Company. A trust affiliated with Ms. Lagomarsino invested $500,000 in the Company in a previously announced private placement transaction on July 8, 2024, on the same financial terms as the other investors, and is party to a registration rights agreement with the Company. Other than the foregoing, Ms. Lagomarsino does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

 

Identification and business experience information for Ms. Lagomarsino is described in the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on April 17, 2025 (the “Proxy Statement”), and is incorporated herein by reference. Compensation and benefits for Ms. Lagomarsino did not change for her new role and is as described in the Proxy Statement, and such description is incorporated herein by reference. A copy of Ms. Lagomarsino’s employment agreement is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

 

Item 9.01Financial Statements and Exhibits.

 

Exhibit No.   Description
10.1   Employment Agreement, dated February 11, 2025, among First Foundation Inc., First Foundation Bank and Simone Lagomarsino (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed on February 13, 2025).
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

-2

 

 

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: July 25, 2025 By: /s/ JAMES BRITTON
    James Britton
    Executive Vice President and Chief Financial Officer

 

-3

 

FAQ

Who has Apple (AAPL) appointed as its new Chief Operating Officer?

Sabih Khan was appointed COO, effective July 25 2025.

When does Sabih Khan’s COO appointment at Apple become effective?

The appointment is effective July 25 2025.

Whom does Sabih Khan succeed as Apple’s COO?

He succeeds Jeff Williams.

What prior roles has Sabih Khan held at Apple?

He was previously Senior Vice President, Operations and Vice President, Product Operations.

Did Apple disclose any related-party transactions involving Sabih Khan?

No; Apple stated there are no related-party transactions requiring disclosure.

Does the 8-K filing include any financial results or guidance?

No; the filing contains no financial metrics, guidance or strategic updates.
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