Richard Farmer Announces Support for Farmer Brothers’ Director Nominees
As a member of the Farmer family and a longtime Farmer Brothers stockholder beneficially owning approximately 1.2 million shares, I support the Company’s Board of Directors and management team.
I have found the Board and management team to be open to engaging in constructive dialogue with stockholders and am confident in their commitment to acting in the best interests of Farmer Brothers and all of the Company’s stockholders.
I am pleased with the actions the Board has recently taken to position the Company for a return to profitable growth. This includes taking steps to strengthen the Company’s financial position, address challenges in the DSD business and appoint new leadership that is engaging employees and focusing the organization on execution. I believe the Board’s recent appointment of
Deverl Maserang as President and Chief Executive Officer, bringing his significant expertise in turnarounds, global supply-chain transformations and the food and beverage industry to the Company, should benefit the Company and stockholders.Additionally, I am pleased with the Board’s decision to declassify the Board. It is clear that the Board is committed to ensuring the Company’s corporate governance practices best serve the interests of stockholders.
I look forward to supporting all three of the Company’s Board nominees –
Deverl Maserang ,Chuck Marcy ,Chris Mottern – at the upcoming 2019 Annual Meeting of Stockholders.–
Richard F. Farmer
The Farmer Brothers Board and management team appreciate the support of
Farmer Brothers reminds stockholders that every vote is important, no matter how many or how few shares it represents. The Company urges all stockholders to use the WHITE proxy card to vote “FOR” the Company’s highly-qualified and experienced director nominees TODAY.
If you have any questions or require any assistance with respect to voting your shares, please contact the Company’s proxy solicitor. MORROW SODALI 509 Madison Avenue, Suite 1206 New York, NY 10022 Toll Free: (800) 662-5200 Direct: (203) 658-9400 E-mail: FARM@morrowsodali.com |
About
Founded in 1912,
Headquartered in
Forward-Looking Statements
Certain statements in this communication constitute “forward-looking statements.” When used in this communication, the words “will,” “expects,” “anticipates,” “estimates” and “believes,” and similar expressions and statements that are made in the future tense or refer to future events or developments, are intended to identify such forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, the timing and success of our DSD restructuring plan, the Company’s success in consummating acquisitions and integrating acquired businesses, the impact of capital improvement projects, the adequacy and availability of capital resources to fund the Company’s existing and planned business operations and the Company’s capital expenditure requirements, the relative effectiveness of compensation-based employee incentives in causing improvements in Company performance, the capacity to meet the demands of our large national account customers, the extent of execution of plans for the growth of Company business and achievement of financial metrics related to those plans, the ability of the Company to retain and/or attract qualified employees, the success of the Company’s adaptation to technology and new commerce channels, the effect of the capital markets as well as other external factors on stockholder value, fluctuations in availability and cost of green coffee, competition, organizational changes, the effectiveness of our hedging strategies in reducing price risk, changes in consumer preferences, our ability to provide sustainability in ways that do not materially impair profitability, changes in the strength of the economy, business conditions in the coffee industry and food industry in general, our continued success in attracting new customers, variances from budgeted sales mix and growth rates, weather and special or unusual events, as well as other risks described in this presentation and other factors described from time to time in our filings with the
These statements are based on management’s current expectations, assumptions, estimates and observations of future events and include any statements that do not directly relate to any historical or current fact; actual results may differ materially due in part to the risk factors set forth in our most recent annual, periodic and current reports filed with the
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 WHITE 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 WHITE proxy card, and any other documents filed by the Company with the
Contacts
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Morrow Sodali
Farmer Bros. Co.