Farmer Bros appoints John Moore as permanent CEO, base salary raised to $450k

FARMER BROTHERS CO

John E. Moore III named permanent President and CEO effective Jan 31, 2024; had served as interim CEO since Oct 2023.
Base salary increased from $400,000 to $450,000; short-term cash incentive for fiscal 2024 set at 100% of base salary.
Equity awards: RSUs valued at $337,500 (3-year vest) and PBRSUs with target values of $337,500 and $450,000; PBRSUs tied to performance criteria or stock price target of $6.00 per share.
Moore has over 30 years in coffee industry; previously head of coffee at Farmer Bros and CEO of Vassilaros Coffee.

item 5.02 item 7.01 item 9.01

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Role change

John E. Moore III

President and Chief Executive Officer

FARM · FARMER BROTHERS CO

Effective: 2024-01-31
Filed: February 6, 2024, 6:59 PM ET

On January 31, 2024, the Board of Directors (the “Board”) of Farmer Bros. Co. (the “Company”) appointed John E. Moore III as the Company’s President and Chief Executive Officer (“CEO”) on a permanent basis.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John E. Moore III was appointed as President and Chief Executive Officer at FARMER BROTHERS CO.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On January 31, 2024, the Board of Directors (the “Board”) of Farmer Bros. Co. (the “Company”) appointed John E. Moore III as the Company’s President and Chief Executive Officer (“CEO”) on a permanent basis.

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FARMER BROTHERS CO filing history →

Source: SEC EDGAR

accession 0001140361-24-005873

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