{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-103017","form_type":"8-K","ticker":"FARM","cik":"0000034563","company_name":"FARMER BROTHERS CO","filed_at":"2023-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.307511+00:00","generated_at":"2026-06-10T09:56:47.875548+00:00","sec_items":["5.02","7.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CEO Deverl Maserang to depart Sept 30; board slate set for 2023 annual meeting","bullets":["CEO Deverl Maserang's employment terminated without cause effective Sept 30, 2023; receives severance per prior agreement.","Partial acceleration of 35,806 RSUs vesting on Sept 30 (92% of units originally scheduled for Nov 1, 2023 vesting).","Directors David A. Pace and Bradley L. Radoff intend to stand for re-election at the 2023 annual meeting.","Board to be fixed at seven members after annual meeting; slate includes Loretz-Congdon, Pace, Poe, Radoff, Zaman, one agreed director, and new CEO.","Proposed slate would have extended standstill under October 2022 Cooperation Agreement if agreed earlier; current standstill not extended."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-103017","json":"https://secwatch.observer/filing/0001104659-23-103017.json","markdown":"https://secwatch.observer/filing/0001104659-23-103017.md","text":"https://secwatch.observer/filing/0001104659-23-103017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/34563/000110465923103017/0001104659-23-103017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/34563/000110465923103017/tm2326615d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T09:56:47.875548+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":"6562f865a4","claim":"Deverl Maserang was terminated as President and Chief Executive Officer at FARMER BROTHERS CO.","evidence_excerpt":"the Company and Deverl Maserang, the Company’s President and Chief Executive Officer and a member of the Company’s Board of Directors (the “Board”), had agreed that Mr. Maserang’s employment with the Company would be terminated, without cause, effective September 30, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34563/000110465923103017/0001104659-23-103017-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}