Farmer Bros. Co. Amends Executive Bonus and Stock Award Timing

Farmer Bros. Co., a leading specialty coffee and tea company, has made significant changes to its executive bonus and stock award timing. According to a recent filing with the Securities and Exchange Commission (SEC), the company has amended its executive bonus and stock award timing to better align with its long-term goals and objectives.

The changes, which were made in response to the company's growing success and increasing competition in the specialty coffee and tea market, aim to provide a more equitable and performance-based compensation structure for its executives.

Under the new plan, executives will receive bonuses and stock awards based on the company's performance over a three-year period, rather than the previous one-year period. This change is designed to incentivize executives to focus on long-term growth and profitability, rather than short-term gains.

The new plan also includes a performance-based vesting schedule, which will require executives to meet certain performance metrics before their bonuses and stock awards are fully vested. This change is intended to ensure that executives are held accountable for their performance and that the company's compensation structure is aligned with its overall goals and objectives.

The changes to Farmer Bros. Co.'s executive bonus and stock award timing are a significant development in the company's ongoing efforts to drive growth and profitability. By providing a more equitable and performance-based compensation structure, the company is better positioned to attract and retain top talent and to achieve its long-term goals.

Sources

[1] Farmer Bros. Co. amends executive bonus and stock award timing