secwatch.observer — SEC 8-K summary
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Issuer:     FARMER BROTHERS CO (FARM)
CIK:        0000034563
Form:       8-K/A
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001140361-24-024350
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34563/000114036124024350/0001140361-24-024350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34563/000114036124024350/ef20028475_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-024350

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