secwatch.observer — SEC 8-K summary
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Issuer:     FARMER BROTHERS CO (FARM)
CIK:        0000034563
Form:       8-K
Filed at:   2023-09-12T23:59:59+00:00
Accession:  0001104659-23-099809
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34563/000110465923099809/0001104659-23-099809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34563/000110465923099809/tm2325914d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-099809

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