<a href="https://laohu8.com/S/FARM">Farmer Brothers Company</a> Announces Revised Compensation and Bonus Agreement for Top Executives Following Management Change
Farmer Brothers Company has announced updates to its executive compensation agreements, as outlined in their recent Form 8-K filing. On August 12, 2025, the company entered into amended and restated severance agreements with key executives: John Moore, President and CEO; Vance Fisher, CFO; and Jared Vitemb, Vice President and General Counsel. These agreements now stipulate that a material reduction in an executive's base salary constitutes "Good Reason" for departure, with certain conditions. Additionally, if a qualifying termination occurs during a change in control period, executives will receive double their annual target short-term incentive plan payment, rather than a prorated amount. Moreover, Farmer Brothers has established Bonus Opportunities Letter Agreements, providing significant financial incentives tied to closing a change in control transaction by January 1, 2026. John Moore, Vance Fisher, and Jared Vitemb are eligible for bonuses of $400,000, $350,000, and $200,000, respectively. If the target is not met, these bonuses will be halved and distributed in early 2026, with additional performance-based restricted stock units potentially awarded.
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