{"schema_version":"secwatch.filing_event.v1","accession":"0001807707-23-000095","form_type":"8-K","ticker":null,"cik":"0001807707","company_name":"AppHarvest, Inc.","filed_at":"2023-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.336347+00:00","generated_at":"2026-06-13T07:50:25.539827+00:00","sec_items":["2.04","5.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"AppHarvest receives $47.2M acceleration demand from lender; CEO replaced by COO","bullets":["Rabo AgriFinance demanded immediate repayment of $47.2M for default on Master Credit Agreement; interest rate increases 5%.","Collateral includes Morehead, KY farm; Rabo may pursue foreclosure or receiver, potentially causing bankruptcy.","Founder Jonathan Webb becomes Chief Strategy Officer; COO Anthony Martin appointed CEO, effective immediately.","Gary Broadbent appointed Chief Legal Officer and Chief Restructuring Officer; board approves Key Executive Compensation Plan.","Executive lump-sum awards: $540K each to Martin, Eggleton, Webb; $850K to Broadbent, subject to clawback."],"urls":{"canonical":"https://secwatch.observer/filing/0001807707-23-000095","json":"https://secwatch.observer/filing/0001807707-23-000095.json","markdown":"https://secwatch.observer/filing/0001807707-23-000095.md","text":"https://secwatch.observer/filing/0001807707-23-000095.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1807707/000180770723000095/0001807707-23-000095-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1807707/000180770723000095/apph-20230711.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T07:50:25.539827+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c2ef3909047f2e4cee63c3cb9444914a44a2ab03","claim":"AppHarvest, Inc. faced acceleration on credit facility of $47.213,671.03 with Rabo AgriFinance LLC at rate applicable to the unpaid principal balance under the Credit Agreement plus.","evidence_excerpt":"certain principal and interest amounts due and payable under the Credit Agreement on July 3, 2023. Pursuant to the Notice of Acceleration, Rabo demanded immediate repayment of $47.213,671.03 consisting of principal and accrued interest, as well as repayment of any additional fees, costs, charges and other obligations as may be payable or become payable under","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1807707/000180770723000095/0001807707-23-000095-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$47.213,671.03"},{"label":"Counterparty","value":"Rabo AgriFinance LLC"},{"label":"Rate","value":"rate applicable to the unpaid principal balance under the Credit Agreement plus"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"4026679494","claim":"Gary Broadbent was appointed as Chief Legal Officer and Chief Restructuring Officer at AppHarvest, Inc..","evidence_excerpt":"On July 11, 2023, the Board of Directors (the “ Board ”) of AppHarvest, Inc. (together with its affiliates, as applicable, the “ Company ”) appointed Gary Broadbent to serve as the Company’s Chief Legal Officer and Chief Restructuring Officer effective immediately in addition to his position as Corporate Secretary.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1807707/000180770723000095/0001807707-23-000095-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Legal Officer and Chief Restructuring Officer"}],"fact_type":"executive_change"},{"claim_id":"741235868a","claim":"Anthony Martin was appointed as Chief Executive Officer at AppHarvest, Inc..","evidence_excerpt":"Anthony Martin to serve as the Company’s Chief Executive Officer in lieu of his position as Chief Operating Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1807707/000180770723000095/0001807707-23-000095-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"966a19f84a","claim":"Jonathan Webb was appointed as Chief Strategy Officer at AppHarvest, Inc..","evidence_excerpt":"On July 12, 2023, the Board appointed Jonathan Webb to serve as the Company’s Chief Strategy Officer in lieu of his position as Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1807707/000180770723000095/0001807707-23-000095-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Strategy Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}