Farmer Brothers Company (FARM) has provided an update.
Farmer Bros. Co. has appointed Terence “Terry” O’Brien, an executive with over 30 years of leadership in the food manufacturing industry, as a new director. O’Brien’s vast experience includes successful financial turnarounds and leadership roles at well-known food companies. His term as director will expire at the annual meeting for the fiscal year ending June 30, 2024, with plans to possibly join one or more board committees. Recognized for his independence under Nasdaq’s standards, O’Brien will receive prorated standard compensation for non-employee directors and enter into an indemnification agreement with the company.
See more insights into FARM stock on TipRanks’ Stock Analysis page.
