{"schema_version":"secwatch.filing_event.v1","accession":"0000034563-23-000082","form_type":"8-K","ticker":"FARM","cik":"0000034563","company_name":"FARMER BROTHERS CO","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.645950+00:00","generated_at":"2026-06-08T07:58:55.125563+00:00","sec_items":["1.01","2.02","5.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Farmer Bros Q1 net sales $81.9M, gross margin +380bps; settles activist shareholder dispute","bullets":["Net sales $81.9M (up from $79.8M YoY); gross margin 37.6% vs 33.8% prior year.","Net loss from continuing ops $1.3M vs $1.6M loss YoY; adjusted EBITDA loss $452K (improved from $3.9M loss).","Appointed John Moore as interim CEO; board to nominate five new directors, including Stacy Loretz-Congdon, David Pace, Bradley Radoff, Waheed Zaman, and CEO.","Alfred Poe will not stand for re-election; board size fixed at six with new chairman after annual meeting.","Company executing DSD focus, expects positive free cash flow by early fiscal 2025; capex guidance $16-18M."],"urls":{"canonical":"https://secwatch.observer/filing/0000034563-23-000082","json":"https://secwatch.observer/filing/0000034563-23-000082.json","markdown":"https://secwatch.observer/filing/0000034563-23-000082.md","text":"https://secwatch.observer/filing/0000034563-23-000082.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000082/0000034563-23-000082-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000082/farm-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T07:58:55.125563+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"56bb29b42908ca8a5033fbec0d3cbaeab366a90e","claim":"FARMER BROTHERS CO reported first fiscal quarter ended September 30, 2023 results: revenue $81.9 million, net income Net loss from continuing operations was $1.3 million.","evidence_excerpt":"Farmer Brothers reports first quarter fiscal 2024 financial results and publishes quarterly shareholder letter Fiscal Q1 2024 net sales of $81.9 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000082/0000034563-23-000082-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended September 30, 2023"},{"label":"Revenue","value":"$81.9 million"},{"label":"Net income","value":"Net loss from continuing operations was $1.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"43aef1c5a8","claim":"Alfred Poe departed as Director at FARMER BROTHERS CO.","evidence_excerpt":"Mr. Poe will serve out the rest of his term as a director of the Company, which will expire as of immediately prior to the 2023 Annual Meeting.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000082/0000034563-23-000082-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}