secwatch.observer — SEC 8-K summary
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Issuer:     FARMER BROTHERS CO (FARM)
CIK:        0000034563
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001140361-24-005873
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34563/000114036124005873/0001140361-24-005873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34563/000114036124005873/ef20020765_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-005873

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