First Foundation said its one meeting with the activist investor ended after less than a minute.
that he’s concerned with First Foundation’s stock performance and recent executive turnover. Since making Driver’s activism went public, the company’s share price has fluctuated slightly -- from $14.97 on Jan. 11 to Friday’s close of $15.61.
Cooper wants shareholders to put two female, “homegrown” Texans on the board to support the bank that moved its headquarters to the Lone Star state from Irvine, Calif., in 2021. The nominees are Allison Ball, investment partner at Menlo Park, Calif.-based Hanover Technology Investment Management, and Lila Ontiveros, U.S. commercial leader at Palantir Technologies and former finance director for U.S. Sen. Ted Cruz’s 2016 presidential campaign.
First Foundation said in its public statement that it has attempted to meet with Driver to “avoid a costly and distracting public campaign.”
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