Farmer Brothers Revises Executive Bonus and Stock Unit Payment Timing

Reuters12-12
Farmer Brothers Revises Executive Bonus and Stock Unit Payment Timing

Farmer Brothers Company has amended its Bonus Opportunities Letter Agreements with key executives, including President and CEO John Moore, CFO Vance Fisher, and Vice President, General Counsel, Chief Compliance Officer and Secretary Jared Vitemb. The new terms revise the timing of bonuses and grants of performance-based restricted stock units, allowing each executive to receive their full bonus amount contingent on the achievement of specific milestones.

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