Farmer Bros. Co. Issues Statement Regarding False Assertions by the Waite Group
Mr. Clark was appointed and elected to the Board due to his leadership as a former CEO, extensive background and experience in the foodservice business, and his accounting and financial expertise, among other skills and qualifications. In 2012,
- Receiving a CPA certification in 1978 and receiving a Masters in Science of Accounting from
Kent State - Earning a Doctorate in Organizational Leadership from
Pepperdine University - Teaching Accounting and Marketing at
the Master's College inSanta Clarita, California and Accounting atPepperdine - Consulting for multiple private equity groups in the food industry since 2009
- Serving in Chief Executive and other leadership roles at a number of companies in the food industry such as President and Chief Executive Officer of
Border Foods, Inc. , as Chief Executive Officer ofFruit Patch, Inc. , as President and Chief Executive Officer ofMike Yurosek & Son, LLC , and as Vice President, Sales, Marketing and Production withWilliam Bolthouse Farms
Mr. Mottern was appointed and elected to the Board due to his leadership as a former CEO, experience in the foodservice business, including directly relevant expertise in the coffee industry, and his financial and accounting experience which allowed him to serve on the Audit Committee. He qualifies as an audit committee financial expert under applicable
- Receiving a CPA certification from the
State of Connecticut in 1971 after receiving an undergraduate degree in Accounting from theUniversity of Connecticut - Working at Peat, Marwick & Mitchell Public Accountants, a predecessor to KPMG
- Serving in Controller or Vice President Finance roles at a number of companies in the food and beverage industry such as Heublein Wines and E&J Gallo
- Serving as President and Chief Executive officer for five years and a board member for seven year for
Peet's Coffee & Tea, Inc. , along with holding Chief Executive and other leadership roles at food and beverage industry companies such asHeublein Wines and Capri Sun, Inc. - Serving as a board member for companies including
Bell Carter Foods, Flexible Packaging International andCoen, Inc. , where he was also Finance Committee Chairman
In stark contrast, the
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Founded in 1912,
Headquartered in
Forward-looking Statements
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Undue reliance should not be placed on the forward-looking statements in this communication, which are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.
Important Additional Information and Where to Find It
THE COMPANY URGES ITS INVESTORS AND STOCKHOLDERS TO READ CAREFULLY AND IN THEIR ENTIRETY THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY SUPPLEMENTS OR AMENDMENTS), THE ACCOMPANYING PROXY CARD AND ANY OTHER DOCUMENTS THAT THE COMPANY MAY FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Copies of the definitive proxy statement (including any supplements or amendments), the accompanying proxy card, and any other documents filed by the Company with the
Additional Information
INVESTOR CONTACT:
(682) 549-6663
Morrow Sodali
(203) 658-9400
MEDIA CONTACT:
(212) 355-4449
[i] Source: FactSet as of
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