Farmer Bros. finalizes CEO employment agreement with John E. Moore III; $450k base salary, equity awards

FARMER BROTHERS CO

Base salary of $450,000 per annum, subject to annual review by Compensation Committee.
Annual bonus target of at least 100% of base salary; 2024 bonus prorated for earlier period.
Initial equity awards granted Feb 12, 2024: RSUs valued at $337,500 and PBRSUs totaling $787,500 target value.
Non-compete for 12 months post-termination (24 months under change-in-control); non-solicitation for 2 years.
At-will employment; no fixed term.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.