65% of the management team is White. We dont wait at borders. area code: (606) 653-6100, (Former Name or Former Address, if Changed Since Last Report). Disculpa Prior to her current role at AppHarvest, Emily was a Human Resources Manager at Luckett & Farley and an HR Business Partner at CHI Saint Joseph Health. a Non-Employee Director Compensation Policy (the Non-Employee Director Compensation Policy). Is the biggest greenhouse in the U.S. the future of farming? CNN asked in its feature on the company last year. As far as to your question of where well be in 25 and 26, weve kind of cut out the long-term discussion of the company. But I would say if you let the past be a predictor of the future, we started with absolutely nothing two and a half years ago and weve built eight million square feet of stuff. APPHARVEST INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. It's a big opportunityto bring "together types of science that I'm not sure that we have seen in Kentucky. It's more about for us, as a company, making sure that we can build and operate facilities at the price point that's available. Company Overview. [3][4], Founded by Jonathan Webb, the company aims to use Kentucky's central geographic location to reduce carbon emissions, delivering produce to Midwest and East Coast markets. AppHarvest CEO Jonathan Webb joins Yahoo Finance Live to discuss scaling controlled environment agriculture infrastructure, keeping produce prices low, and the future of farming as climate change . Webb, a Kentucky native and University of Kentucky graduate, says he remains committed to his goal of employing large numbers of people at high-tech farms around the eastern half of the state. How has Jonathan Webb's remuneration changed compared to AppHarvest's earnings? LOUISVILLE, Ky. AppHarvest, a startup already building North America's largest greenhouse in Rowan County, announced it's partneringwith the Dutch government, the state of Kentuckyand several universities and private companies to create an agricultural technology capital in Appalachia. The company announced more conservative goals on the call. Director Compensation Policy, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. CHECK AVAILABILITY AT A GLANCE VIDEOS BIOGRAPHY TOPICS RELATED CHECK AVAILABILITY Jonathan Webb BROWSE In the suits, shareholders say that AppHarvest executives misled investors and regulators with the U.S. Securities and Exchange Commission to make it appear they were better prepared for the companys launch than they really were. PU. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Gov. Emily joined AppHarvest in 2022, bringing nearly 10 years of experience in human resources. How much do AppHarvest Administrative Assistance jobs pay? to let us know you're having trouble. See the latest outages from Kentucky Utilities, Blue Grass Energy and more, My favorite reporter is back: Familiar face returns to Lexington TV news, Flash flooding, tornadoes possible Friday in Lexington. Kentucky native and University of Kentucky graduate Jonathan Webb is turning his dream of a high-tech farming hub in Appalachia into reality with AppHarvest. each annual performance period, the Committee will determine achievement of the Company and individual performance goals. Gov. March 23, 2021, (Exact name of registrant as specified in its I think were still going to have that AppHarvest story and that AppHarvest name, he said. Inside, you'll find row after row of tomatoes. Projected net sales for 2022, which the company set at $24 million to $32 million earlier this year, have been revised downward to $14 million to $17 million, or barely half the original sum. "What we're doing here has really caught the attention of people around the world.". Prior to his work with Nissan, Travis held public relations leadership roles at General Motors, Ally Financial, Pulte Homes and Lockheed Martin. Town Haul Rewind: Jonathan Webb, Founder of AppHarvest By Amy Koonin Taylor, Marketing Content and Media Manager, April 13, 2021 On a quest to revolutionize the agricultural and social landscape of Eastern Kentucky, Jonathan Webb has his work cut out for him. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Andy Beshear, Sen. Hal Rogers, and AppHarvest CEO Jonathan Webb spoke during a groundbreaking ceremony at the site of AppHarvests new facility in Somerset, Ky., Monday, June 21, 2021. Sorry, there are no recent results for popular commented articles. According to its financial disclosures, AppHarvest has spent hundreds of millions of dollars building and operating the farms in Morehead, Berea, Somerset and Richmond while seeing sales in only the tens of millions of dollars. At times, the company had to bring in contract labor from outside the region, according to the suits. ein Mensch und keine Maschine sind. Tony has served as a consultant in the CEA sector and is a board member of the Fruit & Vegetable Dispute Resolution Corporation, a non-profit that sets standards for the trade of fresh fruits and vegetables in Canada. The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky. target expressed as a percentage of the employees annual base salary. AppHarvest's flagship 60-acre indoor farm in Morehead, Ky., produces non-GMO sustainably grown tomatoes that are available in more than 1,000 top national grocery stores and food service outlets. except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. Groups of shareholders including a public pension fund in Plymouth, Mass. The employee data is based on information from people who have self-reported their past or current employments at AppHarvest. Pursuant to Section 13 or 15(d) of the Securities United States. Andy Beshear, Sen. Hal Rogers, and AppHarvest CEO Jonathan Webb spoke during a groundbreaking ceremony at the site of AppHarvest's new facility in Somerset, Ky., Monday, June 21, 2021. AppHarvest is a public benefit corporation and a Certified B Corp. Our Farms Our Leadership Our Board of Directors Our Farms Morehead, KY 60-Acres Tomatoes Berea, KY 15-Acres Salad Greens Somerset, KY 30-Acres Berries Richmond, KY 60-Acres Tomatoes Central to Our Mission We're within a day's drive of 70% of the population. Jonathan Webb, Founder and CEO of AppHarvest, joins the show to talk about the sustainable food company that is designed to grow non-GMO, chemical pesticide-free produce, using only recycled rainwater at some of the world's largest indoor farms. "This is so pivotal because" of the potential to build a new future for Kentucky, Webbsaidduring a morning video announcement with the Netherlands' top agricultural minister, contractor company executivesandcollege administrators. Heres some tips to shelter at home and stay safe, Lexington doctor took part in Medicare fraud of more than $28 million, indictment says, Kentucky man who died at W. Va. coal mine was thrown from bulldozer as it rolled. Location. Facility Coordinator. How experienced are the management team and are they aligned to shareholders interests? Non-Employee Director Compensation Policy, non-employee directors will receive the following compensation for service on the Board: The annual cash compensation He's not letting it distract from realities on the ground, in the eastern Kentucky mountains. , except that Jonathan Webb, the Company's Chief Executive Officer, is not eligible to participate for the 2021 performance period. That seemed to be a thinly veiled reference to a controversial $15 million stake the state took in Braidy Industries' planned aluminum rolling mill in Greenup County. The company also closed a separate Series A funding round led by ValueAct Spring Fund. AppHarvest closed its $1 billion SPAC deal and began trading as a public company Monday. Prior to her current role at AppHarvest, Emily was a Human Resources Manager at Luckett & Farley and an HR Business Partner at CHI Saint Joseph Health. have filed five federal lawsuits against AppHarvest in the last 15 months. Jonathan Webb CEO AppHarvest. Help other job seekers by rating AppHarvest. To raise the necessary capital for its next 12 months an estimated $85 million to $95 million AppHarvest hopes to sell its 15-acre Berea farm to its distributor, Mastronardi Produce Limited, and then lease back the facility. Help us make this company more transparent. This Employment Agreement (the "Agreement") is entered into as of the 11th day of December, 2020, by and between Jonathan Webb (the "Employee") and AppHarvest, Inc. (the "Company").. . Marketing. $47,691 per year. EPS of -$0.30 beats by $0.01 | Revenue of $5.16M (124.62% Y/Y) misses by $236.00K AppHarvest, Inc. ( NASDAQ: APPH) Q1 2022 Earnings Conference Call May 3, 2022 4:30 PM ET Company Participants. Gov. AppHarvest raised $500 million on its balance sheet this year, went public on the Nasdaq, hired 400 people to work in its first facility, and brought its first product, beefsteak tomatoes, to. AppHarvest is pausing its plan to build a dozen indoor farms. A look at forecast, timeline. Facebook gives people the power to share and makes the. Additionally, the speed bumps associated with our initial harvest are fixable and weve already deployed solutions against these problems in advance for our next harvest.. Loren holds a bachelors degree in accounting from the University of Kentucky and a masters in accounting from the University of Notre Dame. How much do AppHarvest Marketing jobs pay? Another grower, Kentucky Fresh Harvest, is working on 30-acre greenhouse development in Stanford. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. On March 23, 2021, the Board This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. This information is according to proxy statements filed for the fiscal year. Beshear told reporters in Frankfort that he's excited about the infusion ofscience and tech know-how. The company also broke ground on another facility in Morehead and a first facility in Somerset, which will be operational by the end of 2022. And thats where these facilities start throwing off tens of millions of pounds of vegetables and fruits and were optimizing production and that cash is thrown back into the company.. All rights reserved. for a cash incentive award determined based on the achievement of specified annual Company performance goals, which include net revenue, For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Its also removing two top executives as part of a restructuring that will cost up to $7 million in severance payments. Winds light and variable. [5] Real-time updates and all local stories you want right in the palm of your hand. In just the last few years, Braidy Industries failed to build an aluminum mill near Ashland despite $15 million in state investments and EnerBlu dropped plans for a battery plant in Pikeville. Coronavirus Tips Working and Protection. Plan) which will govern the terms of annual cash incentive awards granted to eligible employees of the Company, as determined Jonathan Webb. Net losses also will be worse than originally forecast, the company says. AppHarvest has 78 employees, of which 30 are in a leadership position. More news:UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA. While acknowledging the headwinds it has faced, AppHarvest says it accurately explained its financial condition and the risks to investors. will be described in the Companys annual proxy statement filed in 2022. Jonathan Webb. How much do AppHarvest employees make? per informarci del problema. It's set to open 3 farms this year", "This state-of-the-art indoor farm is transforming Appalachia into an agricultural powerhouse", "AppHarvest to go public via merger with blank-check firm", "Appharvest locations in Madison County Nearly Complete and Soon Ready to Deliver Fresh Foods", https://en.wikipedia.org/w/index.php?title=Appharvest&oldid=1135959955, This page was last edited on 27 January 2023, at 22:52. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. AppHarvest has generated much positive news coverage for itself since incorporating in 2018. Note: We do not offer technical support for developing or debugging scripted downloading processes. Management believes there is substantial doubt about our ability to continue as a going concern, AppHarvest warned investors Nov. 7 in its 10-Q filing for the third quarter of 2022. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Webb said they are still on track to open 12 mega-greenhouse facilities by 2025. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Sylvan Park 4101 Charlotte Avenue, Suite E140 Nashville Tenn. 37209 Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. One salary reported. Travis joined AppHarvest in 2020 after serving in global communications roles in Paris, Tokyo, and Nashville with the Renault-Nissan-Mitsubishi Alliance most recently as Vice President for Nissan Americas and President of the Nissan Foundation. Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. Please declare your traffic by updating your user agent to include company specific information. AppHarvest Founder and CEO Jonathan Webb will lead the Indoor Ag-Con keynote presentation, "How Tech In Farming Can Build A Resilient Food System," on Monday, February 28, 2022 from 11:00 am - 11:50 am. Money went to 30 non-profits, about hundred small businesses, and 200 farmers. 1 quality required by Mastronardi for distribution to Kroger, Wendys and other national retailers, so they were rejected. AppHarvest expected to sell $20 million to $25 million this year but have. selling tomatoes from the flagship Morehead greenhouse. Jonathan Webb is the Founder and CEO of AppHarvest, a company that combines conventional agricultural techniques with cutting-edge technology to address key issues including improving access. If the company can get cash in hand from the sale of its Berea farm, AppHarvest should be able to remove the alarming substantial doubt language from future investor disclosures, said chief financial officer Loren Eggleton. Live updates: Historical windstorm blows in. Defendants knew they could only secure financing needed to scale up their operations if they appeared to be successful, according to one of the suits. copy of which is attached hereto as Exhibit 10.2 and is incorporated herein by reference. When Webb gave optimistic interviews, such as describing the good, healthy, consistent supply of tomatoes, that was not fraud by any legal definition, the company said. Based on our data team's research, Jonathan Webb is the AppHarvest's CEO. "This startup is going to put one of the world's largest sustainable greenhouses in coal country", "Could the biggest greenhouse in the US be the future of farming? Its a technical formula, Eggleton said. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie los inconvenientes que esto te pueda causar. AppHarvest Founder and CEO Jonathan Webb, a solar industry veteran, knew he had to do something to help his hometown community. We cannot build and grow fast enough to meet market demand, CEO Jonathan Webb said at the time. Nous sommes dsols pour la gne occasionne. The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 It has filed motions to dismiss the shareholder suits. He has been a Director at AppHarvest, Inc. since January 2018. Founder of AppHarvest, Inc., AppHarvest Morehead Farm LLC and AppHarvest Operations, Inc., Jonathan Webb is an entrepreneur who is Chairman & Chief Executive Officer of AppHarvest, Inc. and Chairman & Chief Executive Officer of AppHarvest Operations, Inc. (a subsidiary of AppHarvest, Inc.). We talk about how, at current rates of production, we'll need two earths to provide the needed supply of food by 2050 -- and about how Jonathan is tackling that plus other systemic issues like hunger despite supply. On Aug. 11, 2021, AppHarvest shocked the market with a second-quarter filing that finally revealed the true scope of its problems, including lower-than-expected labor productivity and quality challenges, according to the suits. We would like to show you a description here but the site won't allow us. Liked by Jonathan Webb Folks are getting excited about AppHarvest working to quadruple its high-tech indoor farm network this year by adding a 15-acre salad greens Liked by Jonathan Webb. The year-round, temperature-controlled farms have made the Netherlands the world's second largest agricultural exporter and a leading aginnovator, Webb said during his morning announcements. Of this total $250,000 was received as a salary, $1,500,000 was received as a bonus, $0 was received in stock options, $31,282,077 was awarded as stock and $55,782 came from other types of compensation. Thank you for your interest in the U.S. Securities and Exchange Commission. has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant For more information, contact opendata@sec.gov. 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