---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-090359"
form_type: "8-K"
ticker: "FARM"
cik: "0000034563"
company_name: "FARMER BROTHERS CO"
filed_at: "2024-08-16T23:59:59+00:00"
generated_at: "2026-05-31T08:54:25.983706+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Farmer Bros. enters into standstill agreement with 22NW, grants board observer seat

## Summary
- Bryson O. Hirai-Hadley appointed as non-voting Board observer effective August 19, 2024.
- 22NW agrees to standstill, limited to 15% beneficial ownership, and to vote in line with Board recommendations.
- Agreement terminates on earlier of August 5, 2025 or mutual written agreement.
- 22NW may vote discretionarily on extraordinary transactions; can follow ISS/Glass Lewis if both differ from Board on non-director matters.
- Company to reimburse 22NW up to $20,000 for documented out-of-pocket expenses.

## SEC filing metadata
- accession: 0001104659-24-090359
- form_type: 8-K
- ticker: FARM
- cik: 0000034563
- company_name: FARMER BROTHERS CO
- filed_at: 2024-08-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34563/000110465924090359/0001104659-24-090359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34563/000110465924090359/tm2421878d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-090359
- JSON: https://secwatch.observer/filing/0001104659-24-090359.json
- Plain text: https://secwatch.observer/filing/0001104659-24-090359.txt

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