Farmland Partners buys Murray Wise Associates for ~$8M; Murray Wise joins board

Farmland Partners Inc.

Acquired Murray Wise Associates for $5M cash + ~$3M in FPI common stock (total ~$8M).
MWA adds 16,700 acres of farmland and over $5B in transaction experience.
Murray R. Wise appointed to FPI Board and will continue as MWA CEO.
Incentive compensation plan up to $3M in FPI stock for MWA employees tied to profitability and AUM goals.
Deal expected to be modestly accretive to AFFO in short term, more significantly later.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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Appointed

Murray R. Wise

Director

FPI · Farmland Partners Inc.

Effective: 2021-11-15
Filed: November 16, 2021, 6:59 PM ET

On November 15, 2021, the Board of Directors (the “Board”) of Farmland Partners Inc. (the “Company”) increased the size of the Board from six to seven directors and appointed Murray R. Wise as a director, effective immediately, to fill the vacancy created by the increase in the number of directors.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Murray R. Wise was appointed as Director at Farmland Partners Inc..

Action: appointed
Role: Director

Exact text from the filing

On November 15, 2021, the Board of Directors (the “Board”) of Farmland Partners Inc. (the “Company”) increased the size of the Board from six to seven directors and appointed Murray R. Wise as a director, effective immediately, to fill the vacancy created by the increase in the number of directors.

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Farmland Partners Inc. filing history →

Source: SEC EDGAR

accession 0001104659-21-139934

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