Farmer Bros. Co. Announces Board Refresh and Cooperation Agreement with Stockholders JCP Investment Management and 22NW
Under the Cooperation Agreement, the Company has agreed to promptly appoint Bradley L. Radoff as an independent member of the Board of Directors (the Board).
- Under the Cooperation Agreement, the Company has agreed to promptly appoint Bradley L. Radoff as an independent member of the Board of Directors (the Board).
- Following the 2022 Annual Meeting, Christopher P. Mottern will retire from the Board, effective as of June 30, 2023.
- During the term of the Cooperation Agreement, JCP and 22NW have also agreed to customary standstill provisions and voting commitments.
- We also look forward to continuing to work with our stockholders, JCP and 22NW, going forward.