First Foundation Inc. 8-K

What Happened

• First Foundation Inc. filed an 8-K (March 31, 2026) announcing that, after Federal Reserve approval on March 12, 2026, it expects the merger with FirstSun Capital Bancorp to close on April 1, 2026.
• The company also disclosed two executive employment actions dated March 26, 2026: a First Amendment to the employment agreement for Simone Lagomarsino (President & Chief Risk Officer) extending her term to December 31, 2027, and a new employment agreement with James Britton (Executive VP & Chief Financial Officer).

Key Details

• Merger: Federal Reserve approval received March 12, 2026; company expects the merger to close on April 1, 2026.
• Lagomarsino Amendment: Employment term extended through December 31, 2027; otherwise no material changes to her February 11, 2025 agreement.
• Britton Agreement: Effective March 26, 2026; base salary $390,000 annually (subject to Board/Compensation Committee increases); may receive discretionary bonus and participate in executive benefit programs.
• Severance/termination: If Britton is terminated without cause or leaves for good reason, he is entitled to a lump sum equal to the lesser of 12 months’ base salary or the remaining base salary for the term (term currently referenced as expiring December 31, 2027); no severance for termination for cause or term expiration; death benefit equals 100% of base annual salary.

Why It Matters

• The expected April 1, 2026 merger close is a material corporate event that completes regulatory approvals and will affect shareholders and the combined bank’s operations.
• The employment updates secure continuity in two senior roles (CRO and CFO) through at least the end of 2027 and clarify potential cash obligations (notably up to 12 months’ salary in certain severance scenarios for the CFO).
• Investors should note the timing of the merger closing and the executive arrangements as factors in near-term governance stability and potential cash/compensation exposure; the filing attaches the full agreements for reference.