Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Company leadership on the call said the profits from selling tomatoes from the flagship Morehead greenhouse were lower because the prices of tomatoes hit a 10-year low in May and the quality of the tomatoes was lacking. to let us know you're having trouble. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The problems are fixable, AppHarvest President David Lee said. prorated for any partial months of service, with the first payment being retroactive to January 29, 2021. Claiming and updating your company profile on Zippia is free and easy. 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. 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. Emily joined AppHarvest in 2022, bringing nearly 10 years of experience in human resources. Winds approaching hurricane force are blowing across Kentucky. He most recently served as Vice President of Finance at Famous Brands International, the parent company of Mrs. Fields and TCBY, and held prior roles at Ernst & Young, Summit Rock Advisors, and FTI Consulting. Committee of the Board (the Committee) adopted an Employee Cash Incentive Plan (the Cash Incentive Aydanos a proteger Glassdoor y demustranos que eres una persona real. Please declare your traffic by updating your user agent to include company specific information. 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. Based on our data team's research, Jonathan Webb is the AppHarvest's CEO. Exchange Act of 1934, Date of Report (Date of earliest event reported): Outside In Podcast: Jonathan Webb, CEO, AppHarvest: AgTech Farming for Our Planet's Future Amid the verdant rolling hills of central Kentucky, in the heart of Appalachian coal country, you'll find 60 acres of a massive, glass-encased structure. You have to say, Gee, do you have today the cash on hand to get through the next 12 months? And if you dont, you need to insert this language into your SEC filing., In the end, its possible that AppHarvest itself, not just a farm, could be acquired by a larger company, Webb said. Besides a$97 million greenhouse projectscheduled to open this fall, companyfounder Jonathan Webb, Dutch leadersand Gov. And were just trying to make the hard decisions fast on, how do we get the company set up for success?. The Company desires to continue to employ Employee and, in connection therewith, to compensate . Facebook gives people the power to share and makes the. Insider Sales APPH / Appharvest Inc - Short Term Loss Analysis. How much do AppHarvest Administrative Assistance jobs pay? Jonathan Webb is the Founder & CEO at AppHarvest. Jonathan Webb is the founder and CEO of AppHarvest, a sustainable foods company developing and operating some of the world's largest high-tech indoor farms with robotics and artificial intelligence capabilities to build a reliable, climate-resilient food system. 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. The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky. All proxy statements are public filings made available to the general public by the SEC. copy of which is attached hereto as Exhibit 10.2 and is incorporated herein by reference. Job Title. Each eligible employee will be assigned an individual incentive Help us make this company more transparent. The Kentucky-based company went public in February, joining Nasdaq at APPH. an. That know-how is expected to spark a collaboration between the companies, as well as two Dutch-based higher-ed institutions and five in Kentucky Morehead State University, Berea College and Eastern Kentucky University, University of Kentucky and University of Pikeville, which has discussed a certificate program forstudents seeking careers in the industry. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Absent additional sources of financing, we expect that our existing cash and cash equivalents will only allow us to continue our planned operations into the first quarter of 2023, the company said. Prior to his work with Nissan, Travis held public relations leadership roles at General Motors, Ally Financial, Pulte Homes and Lockheed Martin. 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. CEO Jonathan Webb explained how it grew from a $250,000 seed round to a public company in three years. Jonathan Webb. In its Nov. 7 filing, AppHarvest reported net losses of $83 million for the first nine months of the year and net sales of $10 million, with an accumulated deficit of $270 million. under the Cash Incentive Plan. except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Sorry, there are no recent results for popular videos. One analyst described the report as well below expectations. The companys stock price plunged. pour nous faire part du problme. The Cash Incentive Plan provides 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. But that will change shortly, Webb said. AppHarvest CEO Jonathan Webb speaks with Yahoo Finance reporter Julie Hyman at the SXSW about tech innovation in the farming space and the future of the industry. Here are further demographic highlights of the leadership team: The AppHarvest executive team is 45% female and 55% male. Si continas recibiendo este mensaje, infrmanos del problema Today on Work In Progress, Sophia is joined by Jonathan Webb (@webbjonathan). enviando un correo electrnico a So yeah, were actively having conversations with CEOs, with investors, with partners, with anyone who wants to partner with us here in Kentucky and to help make our mission succeed.. 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. Instead, it will focus on trying to turn a profit over the next few years at its three existing farms, in Morehead, Berea and Somerset, and a fourth, in Richmond, that should be operating soon. Coronavirus Tips Working and Protection. APPHARVEST INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. AppHarvest Quarterly and Annual Revenue Trailing 12-Months Trend (TTM) Annual Revenue $13.1M AppHarvest's revenue is the ranked 8th among it's top 10 competitors. AppHarvest's farms are designed to grow non-GMO, harsh chemical pesticide-free produce using sunshine, 100% recycled . Benefits information is taken from job posted on Indeed. The company blames supply chain-related delays in opening three new farms. for a cash incentive award determined based on the achievement of specified annual Company performance goals, which include net revenue, As one of many examples of misleading statements, it cites an interview that Webb gave on March 4, 2021, to an investing news site in which he said, I think that every tomato that weve produced has been readily put into the market.. It has filed motions to dismiss the shareholder suits. Insurance. have filed five federal lawsuits against AppHarvest in the last 15 months. Grace Schneider: 502-582-4082; gschneider@courierjournal.com; Twitter: @gesinfk. The state will provide only performance-based incentives tied to jobs and the overall investment in the project, he said. Caso continue recebendo esta mensagem, Jonathan Webb's Post Jonathan Webb CEO at AppHarvest 1y PU. Date Total Comp. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this year's first quarter. How experienced are the management team and are they aligned to shareholders interests? AppHarvest also invested $5 million in Red Sea Farms, an AgTech company based in the Middle East for sustainable farming in water-scarce areas by using saltwater for both growing and cooling. Over the last four quarters, AppHarvest's revenue has decreased by 82.9%. This story was originally published August 12, 2021, 2:46 PM. We reserve the right to block IP addresses that submit excessive requests. Founder and CEO Jonathan Webb said AppHarvest aimed to grow high quality tomatoes that have great value, but were only able to produce high amounts of lower quality tomatoes that have little to no value, which directly affects their bottom line. Check the appropriate box below if the Form 8-K filing is intended Jonathan Webb, CEO, AppHarvest: AgTech Farming for Our Planet's Future Outside In with Charles Trevail Business Amid the verdant rolling hills of central Kentucky, in the heart of Appalachian coal country, you'll find 60 acres of a massive, glass-encased structure. para informarnos de que tienes problemas. As Chief Executive Officer at AppHarvest, Inc., Jonathan Webb made $33,087,859 in total compensation. Please enable Cookies and reload the page. Se continui a visualizzare 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. The company announced more conservative goals on the call. Plan) which will govern the terms of annual cash incentive awards granted to eligible employees of the Company, as determined But it launched on an ambitious scale in a region of Kentucky that sorely needed new jobs, Quarles said. Jonathan Webb is the Founder and CEO of AppHarvest, a sustainable foods company developing and operating some of the world's largest high-tech indoor farms to build an efficient food system. The foregoing description AppHarvest CEO Jonathan Webb has given dozens of interviews to promote the company. AppHarvest announced it has hired Julie Nelson, with experience at PepsiCo and McKinsey, to help support operational growth, and Adam Reel, who has worked at Apple and other controlled-environment agriculture start-ups. We just have to prove ourselves, Webb said. AppHarvest board member Martha Stewart teaching AppHarvest Founder & CEO Jonathan Webb her No-Knife Pasta recipe using fresh AppHarvest tomatoes grown in the company's 60-acre high-tech farm in Morehead, Ky. AppHarvest is now commercially shipping tomatoes from its third harvest season to top national grocers, food service outlets and restaurants through its distributor, Mastronardi Produce. has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
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