secwatch.observer — SEC 8-K summary
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Issuer:     FARMER BROTHERS CO (FARM)
CIK:        0000034563
Form:       8-K/A
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001140361-23-014280
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmer Bros. finalizes severance for two terminated officers; $360.5K and $372.75K
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- Chief Supply Chain Officer Ruben Inofuentes receives 52 weeks' severance of $360,500 in bi-weekly installments.
- Chief Sales Officer Maurice Moragne receives 52 weeks' severance of $372,750 in bi-weekly installments.
- Both separations effective Feb. 17, 2023; release signed March 23 and March 25, 2023 respectively.
- Severance agreements include general release of claims and standard covenants; no admission of liability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34563/000114036123014280/0001140361-23-014280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34563/000114036123014280/brhc10050504_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-014280

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