Farmer Bros. CFO Scott Drake to depart Oct 1, 2023; termination not related to FY2023 results

FARMER BROTHERS CO

CFO Scott Drake's employment terminated without cause, effective Oct 1, 2023.
Departure not linked to FY2023 results; Company expects to report them in Sept 2023.
Mr. Drake will receive previously negotiated severance per agreement dated June 30, 2023.
No successor has been named as of this filing.

item 5.02

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Departed

Scott Drake

Chief Financial Officer

FARM · FARMER BROTHERS CO

Effective: 2023-10-01
Filed: August 7, 2023, 7:59 PM ET

On August 3, 2023, Farmer Bros. Co., a Delaware corporation (the “Company”) and Scott Drake, the Company’s Chief Financial Officer, agreed that Mr. Drake’s employment with the Company will be terminated, without cause, effective October 1, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Drake was terminated as Chief Financial Officer at FARMER BROTHERS CO.

Action: terminated
Role: Chief Financial Officer

Exact text from the filing

On August 3, 2023, Farmer Bros. Co., a Delaware corporation (the “Company”) and Scott Drake, the Company’s Chief Financial Officer, agreed that Mr. Drake’s employment with the Company will be terminated, without cause, effective October 1, 2023.

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FARMER BROTHERS CO filing history →

Source: SEC EDGAR

accession 0001104659-23-088359

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