Farmer Bros. Confirms Receipt of JCP Partnership’s Notice of Intent to Nominate Directors at the 2022 Annual Meeting
Farmer Bros. Co. (NASDAQ: FARM) announced it received notice from JCP Investment Partnership, LP regarding its intent to nominate three individuals for election to the Board of Directors at the 2022 Annual Meeting of stockholders. The Board will evaluate these nominations and disclose its recommendations in a definitive proxy statement to be filed with the SEC. Stockholders are not required to take any action at this time. In fiscal 2022, Farmer Bros. Co. reported net sales of $469.2 million and employs approximately 1,068 staff across the U.S.
- Farmer Bros. Co. generated net sales of $469.2 million in fiscal 2022.
- The Company serves a wide variety of customers, which diversifies its revenue streams.
- Potential changes to the Board of Directors could indicate internal governance challenges.
- -
NORTHLAKE, Texas, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) (the “Company”) today confirmed receipt of notice from JCP Investment Partnership, LP and its affiliates (collectively with its affiliates, “JCP Partnership”) of its intent to nominate three individuals to stand for election to the Company’s Board of Directors (the “Board”) at the Company’s 2022 annual meeting of stockholders (the “2022 Annual Meeting”).
The Board will review JCP Partnership’s proposed nominees and present its recommendations in the Company’s definitive proxy statement, which will be filed with the U.S. Securities and Exchange Commission (the “SEC”) and mailed to all stockholders eligible to vote at the 2022 Annual Meeting. The Company’s stockholders are not required to take any action at this time.
About Farmer Bros. Co.
Founded in 1912, Farmer Bros. Co. is a leading coffee roaster, wholesaler, equipment servicer and distributor of coffee, tea and other allied products. The Company’s product lines include organic, Direct Trade and sustainably-produced coffee. With a robust line of coffee, hot and iced teas, cappuccino mixes, spices, and baking/biscuit mixes, the Company delivers extensive beverage planning services and culinary products to its U.S. based customers. The Company serves a wide variety of customers, from small independent restaurants and foodservice operators to large institutional buyers like restaurant, department and convenience store chains, hotels, casinos, healthcare facilities, and gourmet coffee houses, as well as grocery chains with private brand coffee and consumer branded coffee and tea products, and foodservice distributors.
Headquartered in Northlake, Texas, Farmer Bros. Co. generated net sales of
IMPORTANT ADDITIONAL INFORMATION
The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company’s stockholders in connection with the 2022 Annual Meeting. The Company intends to file a definitive proxy statement and a white proxy card with the SEC in connection with any such solicitation of proxies from the Company’s stockholders. STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING WHITE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. The Company’s definitive proxy statement for the 2021 annual meeting of stockholders contains information regarding the direct and indirect interests, by security holdings or otherwise, of the Company’s directors and executive officers in the Company’s securities. Information regarding subsequent changes to their holdings of the Company’s securities can be found in the SEC filings on Forms 3, 4 and 5, which are available on the Company’s website at https://farmerbrothers.gcs-web.com/ or through the SEC’s website at www.sec.gov. Information can also be found in the Company’s Annual Report on Form 10-K for the year ended June 30, 2022 filed with the SEC on September 2, 2022. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the definitive proxy statement and other materials to be filed with the SEC in connection with the 2022 Annual Meeting. Stockholders will be able to obtain the definitive proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge on the Company’s website https://farmerbrothers.gcs-web.com/.
Contact:
Ellipsis
Jeff Majtyka
646-776-0886
FAQ
What is the recent announcement from Farmer Bros. Co. regarding the Board of Directors?
When is the 2022 Annual Meeting for Farmer Bros. Co. stockholders?
What were the net sales for Farmer Bros. Co. in fiscal 2022?
How many employees does Farmer Bros. Co. have?
