secwatch / observer
8-K filed August 23, 2023, 7:59 PM ET ticker FARM CIK 0000034563
leadership confidence high sentiment negative materiality 0.75

Four Farmer Bros. directors to not stand for re-election; two cite standstill disagreement

FARMER BROTHERS CO

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David A. Pace

Director
FARM · FARMER BROTHERS CO
Filed
August 23, 2023, 7:59 PM ET
Messrs. Pace and Radoff are not accepting re-nomination because they believe that a continuation of the standstill described in that certain Cooperation Agreement, dated as of October 30, 2022, by and among the Company , the entities and persons listed on Exhibit A thereto and the entities and persons listed on Exhibit B thereto (the “Cooperation Agreement”), filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on October 31, 2023 and incorporated by reference herein, is not in the best interest of the Company and its stockholders, and that additional changes need to be made at the Company.
Departed

John D. Robinson

Director
FARM · FARMER BROTHERS CO
Filed
August 23, 2023, 7:59 PM ET
On August 17, 2023, each of Allison M. Boersma, David A. Pace, Bradley L. Radoff and John D. Robinson notified Farmer Bros. Co., a Delaware corporation (the “Company”), of his or her intention not to stand for re-election as a member of the Board of Directors of the Company (the “Board”) at the 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”).
Departed

Allison M. Boersma

Director
FARM · FARMER BROTHERS CO
Filed
August 23, 2023, 7:59 PM ET
On August 17, 2023, each of Allison M. Boersma, David A. Pace, Bradley L. Radoff and John D. Robinson notified Farmer Bros. Co., a Delaware corporation (the “Company”), of his or her intention not to stand for re-election as a member of the Board of Directors of the Company (the “Board”) at the 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”).
Departed

Bradley L. Radoff

Director
FARM · FARMER BROTHERS CO
Filed
August 23, 2023, 7:59 PM ET
Messrs. Pace and Radoff are not accepting re-nomination because they believe that a continuation of the standstill described in that certain Cooperation Agreement, dated as of October 30, 2022, by and among the Company , the entities and persons listed on Exhibit A thereto and the entities and persons listed on Exhibit B thereto (the “Cooperation Agreement”), filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on October 31, 2023 and incorporated by reference herein, is not in the best interest of the Company and its stockholders, and that additional changes need to be made at the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David A. Pace departed as Director at FARMER BROTHERS CO.

Action
not stand for re-election
Role
Director
Exact text from the filing
Messrs. Pace and Radoff are not accepting re-nomination because they believe that a continuation of the standstill described in that certain Cooperation Agreement, dated as of October 30, 2022, by and among the Company , the entities and persons listed on Exhibit A thereto and the entities and persons listed on Exhibit B thereto (the “Cooperation Agreement”), filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on October 31, 2023 and incorporated by reference herein, is not in the best interest of the Company and its stockholders, and that additional changes need to be made at the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

John D. Robinson departed as Director at FARMER BROTHERS CO.

Action
not stand for re-election
Role
Director
Exact text from the filing
On August 17, 2023, each of Allison M. Boersma, David A. Pace, Bradley L. Radoff and John D. Robinson notified Farmer Bros. Co., a Delaware corporation (the “Company”), of his or her intention not to stand for re-election as a member of the Board of Directors of the Company (the “Board”) at the 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”).
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Allison M. Boersma departed as Director at FARMER BROTHERS CO.

Action
not stand for re-election
Role
Director
Exact text from the filing
On August 17, 2023, each of Allison M. Boersma, David A. Pace, Bradley L. Radoff and John D. Robinson notified Farmer Bros. Co., a Delaware corporation (the “Company”), of his or her intention not to stand for re-election as a member of the Board of Directors of the Company (the “Board”) at the 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”).
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Bradley L. Radoff departed as Director at FARMER BROTHERS CO.

Action
not stand for re-election
Role
Director
Exact text from the filing
Messrs. Pace and Radoff are not accepting re-nomination because they believe that a continuation of the standstill described in that certain Cooperation Agreement, dated as of October 30, 2022, by and among the Company , the entities and persons listed on Exhibit A thereto and the entities and persons listed on Exhibit B thereto (the “Cooperation Agreement”), filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on October 31, 2023 and incorporated by reference herein, is not in the best interest of the Company and its stockholders, and that additional changes need to be made at the Company.
View on SEC.gov

FARMER BROTHERS CO filing history →

Source: SEC EDGAR
accession 0001140361-23-041031
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