On January 17, 2023, Driver Management Company LLC announced that on January 13, 2023, J. Abbott R. Cooper, Managing Member of Driver Management Company, was quoted in an article by The Dallas Morning News that he isn?t happy with First Foundation Inc.?s bank?s stock performance and executive turnover and thinks its board needs some Texas blood. Abbott Cooper stated that he blames the unwelcomed developments on the bank?s liquidity position and its board. Abbott Cooper added that he sent his notice of nomination on December 30, the first day of the 30-day period when shareholders can nominate candidates for the board, and he declined to name his nominees.