Farmer Bros. Co. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
NORTHLAKE, Texas,
- An award of 32,851 restricted stock units on
November 2, 2021 , toAmber Jefferson , its new Chief Human Resources Officer. This award will vest in full onNovember 1, 2024 , subject to Ms. Jefferson’s continued employment with the Company through the vesting date. - An award of 31,034 restricted stock units on
April 14, 2022 , toJared Vitemb , its new General Counsel, Chief Compliance Officer, and Corporate Secretary. This award will vest in full onApril 1, 2025 , subject to Mr. Vitemb’s continued employment with the Company through the vesting date. - An award of 7,949 restricted stock units on
May 3, 2022 , toMatt Coffman , its new Vice President and Controller. This award will vest in full onMay 2, 2025 , subject to Mr. Coffman’s continued employment with the Company through the vesting date.
The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Farmer Brothers, as an inducement material to such individuals entering into employment with the Company, pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules. The Company is issuing this press release to comply with Nasdaq Listing Rule 5635(c)(4).
About
Founded in 1912, Farmer Bros. Co. is a national coffee roaster, wholesaler, and distributor of coffee, tea, and culinary 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.
Marketing Contact
noetzel@farmerbros.com
Investor Relations Contact
Ellipsis
Investor.relations@farmerbros.com
(646) 776-0886
Source: Farmer Bros. Co.