---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-099809"
form_type: "8-K"
ticker: "FARM"
cik: "0000034563"
company_name: "FARMER BROTHERS CO"
filed_at: "2023-09-12T23:59:59+00:00"
generated_at: "2026-06-10T21:27:28.238370+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Farmer Bros. CEO Deverl Maserang terminated without cause, effective Sep 30, 2023

## Summary
- President and CEO Deverl Maserang's employment terminated without cause, effective Sep 30, 2023.
- Maserang will also resign from the Board of Directors on Sep 30, 2023.
- Departure not due to any disagreement with the Company on operations, policies, or practices.
- Maserang will receive previously negotiated severance per his Employment Agreement dated Sep 6, 2019.
- No permanent successor has been announced; Board search expected.

## SEC filing metadata
- accession: 0001104659-23-099809
- form_type: 8-K
- ticker: FARM
- cik: 0000034563
- company_name: FARMER BROTHERS CO
- filed_at: 2023-09-12T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34563/000110465923099809/0001104659-23-099809-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34563/000110465923099809/tm2325914d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-099809
- JSON: https://secwatch.observer/filing/0001104659-23-099809.json
- Plain text: https://secwatch.observer/filing/0001104659-23-099809.txt

## Key facts
- Executive change
  Deverl Maserang resigned as member of the Board of Directors at FARMER BROTHERS CO.
  - Action: resigned
  - Role: member of the Board of Directors
  source text: Mr. Maserang informed the Board of his intention to resign as a member of the Board on September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/34563/000110465923099809/0001104659-23-099809-index.htm
- Executive change
  Deverl Maserang was terminated as President and Chief Executive Officer at FARMER BROTHERS CO.
  - Action: terminated
  - Role: President and Chief Executive Officer
  source text: the Company and Deverl Maserang, the Company’s President and Chief Executive Officer, had agreed that Mr. Maserang’s employment with the Company would be terminated, without cause, effective September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/34563/000110465923099809/0001104659-23-099809-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.