{"id":728401,"date":"2023-02-02T16:24:22","date_gmt":"2023-02-02T21:24:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/farmer-bros-co-names-vice-president-of-direct-store-delivery-reports-inducement-grants-under-nasdaq-listing-rule-5635c4\/"},"modified":"2023-02-02T16:24:22","modified_gmt":"2023-02-02T21:24:22","slug":"farmer-bros-co-names-vice-president-of-direct-store-delivery-reports-inducement-grants-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/farmer-bros-co-names-vice-president-of-direct-store-delivery-reports-inducement-grants-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"Farmer Bros. Co. Names Vice President of Direct Store Delivery; Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">NORTHLAKE, Texas, Feb.  02, 2023  (GLOBE NEWSWIRE) &#8212; Farmer Bros. Co.\u00a0(NASDAQ: FARM) (\u201cFarmer Brothers\u201d or the \u201cCompany\u201d) today announced Tom Bauer has been appointed as the Company\u2019s new Vice President of its Direct Store Delivery (DSD) segment. Mr. Bauer will be responsible for leading the entire DSD function moving forward with the goal of driving growth and efficiencies while improving focus and profitability in this key area of the business.<\/p>\n<p>Prior to joining the Company, Mr. Bauer worked in several sales and operational roles including leading the largest U.S. Coffee Division and Water Division at DS Services. Most recently, he worked as Vice President of Sales and National Accounts at Emerald Brand, a manufacturer of sustainable disposable products, where he led national distribution and sales.<\/p>\n<p>In conjunction with this appointment, the Company announced the issuance of the following restricted stock unit award consisting of a total of 9,980 shares of the Company\u2019s common stock under the\u00a0Farmer Bros. Co.\u00a02020 Inducement Incentive Plan (the \u201cInducement Plan\u201d) through an award of 9,980 restricted stock units on January 3, 2023, to Tom Bauer, its new Vice President, DSD. This award will ratably vest over three years on each anniversary of the award date, subject to Mr. Bauer\u2019s continued employment with the Company through each vesting date.\u00a0<\/p>\n<p>The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of\u00a0Farmer 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.\u00a0<\/p>\n<p>\n        <strong>About Farmer Brothers<\/strong>\n      <\/p>\n<p>Founded in 1912, Farmer Bros. Co. is a national coffee roaster, wholesaler, equipment servicer and distributor of coffee, tea and culinary products. The Company\u2019s 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.<\/p>\n<p>Headquartered in Northlake, Texas, Farmer Bros. Co. generated net sales of $469.2 million in fiscal 2022. The Company\u2019s primary brands include Farmer Brothers\u00ae, Artisan Collection by Farmer Brothers\u2122, Superior\u00ae, Metropolitan\u2122, China Mist\u00ae and Boyds\u00ae.<\/p>\n<p>\n        <strong>Marketing Contact<\/strong>\n      <\/p>\n<p>Nathalie Oetzel <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7YutvMeaOImfMnG_9wmGVSjm7K1sRsmkLjK5G7j2zY_u0F5UYQLwtSNa_dQtnfOMM_jwDfr4FXdlBVv3-Ku6hX83Z7nSsROSReLrwew4QUQ=\" rel=\"nofollow noopener\" target=\"_blank\">noetzel@farmerbros.com<\/a><\/p>\n<p>\n        <strong>Investor Relations Contact<\/strong>\n      <\/p>\n<p>Ellipsis <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uQe1cw8WMpCMYVVpMBcjkZdC5kZYZimgEcUn1I11KYkPHqk8o82bkfxRYKC_2MsSp5hXm-CaHFpomd1-OSJp-QVFAfbDVZ4xnVP-VwLCeF4aRVEXqg3LOl3vdwt0HP-m\" rel=\"nofollow noopener\" target=\"_blank\">Investor.relations@farmerbros.com<\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MTkwMCM1Mzg5MjM5IzIwMDY2MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YmI2MGEwZWQtMmQzMy00Y2NlLThjOGItMWZhNDg4NWEyMzNmLTEwMTgxOTA=\/tiny\/Farmer-Bros-Co-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NORTHLAKE, Texas, Feb. 02, 2023 (GLOBE NEWSWIRE) &#8212; Farmer Bros. Co.\u00a0(NASDAQ: FARM) (\u201cFarmer Brothers\u201d or the \u201cCompany\u201d) today announced Tom Bauer has been appointed as the Company\u2019s new Vice President of its Direct Store Delivery (DSD) segment. Mr. Bauer will be responsible for leading the entire DSD function moving forward with the goal of driving growth and efficiencies while improving focus and profitability in this key area of the business. Prior to joining the Company, Mr. Bauer worked in several sales and operational roles including leading the largest U.S. Coffee Division and Water Division at DS Services. Most recently, he worked as Vice President of Sales and National Accounts at Emerald Brand, a manufacturer of sustainable disposable products, where he &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/farmer-bros-co-names-vice-president-of-direct-store-delivery-reports-inducement-grants-under-nasdaq-listing-rule-5635c4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Farmer Bros. Co. Names Vice President of Direct Store Delivery; Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-728401","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Farmer Bros. Co. Names Vice President of Direct Store Delivery; Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/farmer-bros-co-names-vice-president-of-direct-store-delivery-reports-inducement-grants-under-nasdaq-listing-rule-5635c4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Farmer Bros. Co. Names Vice President of Direct Store Delivery; Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NORTHLAKE, Texas, Feb. 02, 2023 (GLOBE NEWSWIRE) &#8212; Farmer Bros. Co.\u00a0(NASDAQ: FARM) (\u201cFarmer Brothers\u201d or the \u201cCompany\u201d) today announced Tom Bauer has been appointed as the Company\u2019s new Vice President of its Direct Store Delivery (DSD) segment. Mr. Bauer will be responsible for leading the entire DSD function moving forward with the goal of driving growth and efficiencies while improving focus and profitability in this key area of the business. Prior to joining the Company, Mr. Bauer worked in several sales and operational roles including leading the largest U.S. Coffee Division and Water Division at DS Services. Most recently, he worked as Vice President of Sales and National Accounts at Emerald Brand, a manufacturer of sustainable disposable products, where he &hellip; Continue reading &quot;Farmer Bros. Co. 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Mr. Bauer will be responsible for leading the entire DSD function moving forward with the goal of driving growth and efficiencies while improving focus and profitability in this key area of the business. Prior to joining the Company, Mr. Bauer worked in several sales and operational roles including leading the largest U.S. Coffee Division and Water Division at DS Services. Most recently, he worked as Vice President of Sales and National Accounts at Emerald Brand, a manufacturer of sustainable disposable products, where he &hellip; Continue reading \"Farmer Bros. Co. 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