FARMER BROTHERS CO0000034563false00000345632021-04-302021-04-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 28, 2021
Farmer Bros. Co.
(Exact Name of Registrant as Specified in Charter)
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| | | Delaware | | 001-34249 | | 95-0725980 |
| | | (State or Other Jurisdiction
of Incorporation) | | (Commission File Number) | | (I.R.S. Employer
Identification No.) |
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| | | 1912 Farmer Brothers Drive, | Northlake, | Texas | 76262 | | |
| | (Address of Principal Executive Offices) (Zip Code) | |
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| | | | 888 | 301-0489 | | | |
| | (Registrant’s Telephone Number, Including Area Code) | |
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| | None | |
| | (Former Address, if Changed Since Last Report) | |
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| | Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | |
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
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| | Securities registered pursuant to Section 12(b) of the Act: | |
| | | Title of Each Class | | Trading Symbol(s) | Name of Each Exchange on Which Registered | |
| | | Common Stock, $1.00 par value | | FARM | NASDAQ Global Select Market | |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On April 28, 2021, by mutual agreement with Farmer Bros. Co., a Delaware corporation (the “Company"), Ronald J. Friedman voluntarily resigned from his position as Chief Human Resources Officer of the Company, effective May 1, 2021.
(e) In connection with his resignation, the Company and Mr. Friedman entered into a Confidential General Release and Separation Agreement (the “Separation Agreement”). Subject to the terms of the Separation Agreement, including effectiveness of a general release of claims against the Company, Mr. Friedman will be entitled to receive nine (9) months of severance pay, nine (9) months of COBRA assistance and up to $15,000 of outplacement services. The foregoing description of the Separation Agreement is qualified in its entirety by the full text of the Separation Agreement filed herewith as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. | | Description |
| 10.1 | | |
| 104 | | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 30, 2021
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| FARMER BROS. CO. |
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| By: | /s/ Scott R. Drake |
| | Scott R. Drake |
| | Chief Financial Officer (principal financial officer) |
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