Appharvest, Inc. : Change in Directors or Principal Officers (form 8-K) AQ. If an emerging growth company, indicate by check mark if the registrant While we more than doubled production from our first quarter, we have a moment in time opportunity to create more long-term shareholder value by doubling down on investments that help us reduce risk going forward by developing and deploying our leading technology, and operational best practices for CEA, and enhancing our brand power by launching value-added products next year, Lee said. Insiders are officers, directors, or significant investors in a company. Any cash incentive awards that become payable under the Cash Incentive Plan will generally be paid no AppHarvest Went From Seed to $1 Billion in Just 3 Years 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. AppHarvest currently operates its 60-acre flagship farm in Morehead, Ky., producing tomatoes, a 15-acre indoor farm for salad greens in Berea, Ky., a 30-acre farm for strawberries and cucumbers in Somerset, Ky., and a 60-acre farm in Richmond, Ky., for tomatoes. AppHarvest ( APPH) CEO Jonathan Webb said the company has its eyes on the long term as it looks to "institutionalize" controlled environment agriculture (CEA). Employee is employed by the Company as its Chief Executive Officer. AppHarvest Inc (NASDAQ:APPH) . The information shown here is a reporting of information included in the company's proxy statement. Drawing inspiration from a National Geographic article he read on sustainable indoor farming in the Netherlands, Webb traveled with friends to Holland in 2015 to see the farms for himself. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Purpose At Work: How AppHarvest's On A Mission To Help - Forbes For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. It's a big opportunityto bring "together types of science that I'm not sure that we have seen in Kentucky. Loren joined AppHarvest in 2019, bringing more than 13 years of experience in finance and accounting. CHECK AVAILABILITY AT A GLANCE VIDEOS BIOGRAPHY TOPICS RELATED CHECK AVAILABILITY Jonathan Webb BROWSE We cannot build and grow fast enough to meet market demand, CEO Jonathan Webb said at the time. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. of the Non-Employee Director Compensation Policy is not complete and is subject to and qualified in its entirety by reference to the Non-Employee Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. APPHARVEST INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. How much do AppHarvest Administrative Assistance jobs pay? The company disclosed a $32 million net loss and dramatically cut projected earnings for the year. 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. Caso continue recebendo esta mensagem, Jonathan Webb. The state will provide only performance-based incentives tied to jobs and the overall investment in the project, he said. For more information, please see the SECs Web Site Privacy and Security Policy. Please enable Cookies and reload the page. ValueAct Capital Co-founder and CEO Jeffrey W. Ubben also announced he would join AppHarvest's Board of Directors. He was Presid Show more, Mr. Jonathan Webb is Founder and Chief Executive Officer at AppHarvest, Inc since January 2018 and is its Chairman of the Board. The nation, which is roughly a third the land mass of Kentucky, has a network of 10,000 companies tied to its greenhouses. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. AppHarvest's stock is currently trading around $4.15 per share, as of 2:30 p.m. Friday, up roughly 10% from when the market opened. . Job Title. Vision insurance; Health insurance; Sign up now to get our FREE breaking news coverage delivered right to your inbox. Jonathan Webb - Meaningful Business Community 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. AppHarvest CEO on scaling sustainable agriculture: 'We don - Yahoo! [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. That includes businesswoman and celebrity Martha Stewart, who Webb said hasjoined the company board of directors. Jonathan Webb - WSJ Global Foods Forum You may also find the annual proxy statement by going directly to the company's website. Real-time updates and all local stories you want right in the palm of your hand. People in Eastern Kentucky are understandably skeptical about companies that come into the region and make promises about jobs, Webb said. If youre asking today, were going to focus on saying, lets get these four farms up and running in 2023, and month by month in 2023, well continue to evaluate options to expand the business, Webb said. If you continue to see this . 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Item 9.01 Financial Statements and Exhibits. KY greenhouse company AppHarvest records huge loss | Lexington Herald This information is according to proxy statements filed for the fiscal year. company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Who has power? Jonathan Webb - Biography - MarketScreener.com 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").. In February 2017, encouraged by investors, advisers, and politicians of both parties, Jonathan left Washington and came home to Eastern Kentucky to start a new kind of farm and to turn Appalachia into the AgTech capital of America. The data presented on this page does not represent the view of AppHarvest and its employees or that of Zippia. Stars Sophia Bush Jonathan Webb See production, box office & company info Add to Watchlist Photos Add photo Top cast Edit Sophia Bush Self - Host Jonathan Webb AppHarvest eventually expects expects to deliver to 25large grocery chains from Atlanta to New York, as well as those as far west asSt. Louis and Chicago. ", "AppHarvest recorded a $166 million loss in 2021. AppHarvest has 78 employees, of which 30 are in a leadership position. enva un correo electrnico a APPHARVEST INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Check the appropriate box below if the Form 8-K filing is intended The year 2020 has been especially eventful for the company, which raised $28 million in August and finished building out its 2.76 million-square foot flagship facility a few months ago. AppHarvest Acquires Flagship Morehead, Ky. Controlled AppHarvest unveils huge deal with Dutch, Kentucky colleges KY-based AppHarvest admits serious concerns about its future Jonathan Webb on LinkedIn: World Economic Forum highlights AppHarvest Were disappointed with these results, but the good news is that prevailing market prices for tomatoes have already rebounded from the lows we experienced in the second quarter, Lee said. Departing the companys executive offices this month are President David Lee, formerly of Impossible Foods, and Chief Operating Officer Julie Nelson, formerly of PepsiCo. After years of study and gathering support from inside and outside the region, Jonathan is turning his dream of a high-tech farming hub in Appalachia into reality. Jonathan Webb - Founder & CEO @ AppHarvest - Crunchbase Person Profile Snapshot Industry Manufacturing & Automotive Market Cap $64 million Net Income. Communications Officer. One salary reported. The applied technology company is developing and operating some of the world's largest high-tech indoor farms. AppHarvest to Become a Public AgTech Company - Urban Ag News The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer. Yes, we had a challenge of hiring 400 people and training them and hitting the yield, not only the yield, but the quality, Webb said. AppHarvest's Competitors, Revenue, Number of Employees - Owler The country wasravaged and starved by food shortages after World War II, and it's spent decades engineering its own sustainable food supply. Webb said they are still on track to open 12 mega-greenhouse facilities by 2025. AppHarvest CEO Jonathan Webb Discusses Positioning Kentucky as an "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. Jonathan is an entrepreneur and the founder and CEO of AppHarvest (@appharvest), a company that is helping to turn his dream of a high-tech farming hub in Appalachia into reality. 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. Aydanos a proteger Glassdoor verificando que eres una persona real. AppHarvest sold 8.6 million pounds of tomatoes in the second quarter, an increase of 4.8 million pounds from the first quarter. Committee may modify and/or adjust the performance goals or the related level of achievement, in whole or in part, as it deems 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. 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. Exhibit 10.24 . AppHarvests farms are designed to grow produce using sunshine, rainwater and up to 90% less water than open-field growing, all while producing yields up to 30 times that of traditional agriculture and preventing pollution from agricultural runoff. The company announced more conservative goals on the call. Jonathan Webb, Founder & CEO, AppHarvest 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. Its not any persons fault, Webb said. AppHarvest Founder & CEO Mar 2017 Related Hubs Education Jonathan Webb studied at University of Kentucky. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . How experienced are the management team and are they aligned to shareholders interests? Paid express lanes grow more popular in once-reluctant South. naar Company Overview. How much do AppHarvest employees make? APPHARVEST CEO JONATHAN WEBB TO LEAD CEO KEYNOTE - EIN News Andy Beshear and U.S. Rep. Andy Barr, R-Lexington, were among the dignitaries who attended the farms heavily publicized opening last month. Woodland Wine Merchant Sylvan Park AppHarvest was a young company with an inexperienced management team undertaking a massive farming endeavor for the first time in a region where workers were transitioning from a different industry, it said. 2024 is gonna look a lot different than 2022, the CEO said. AppHarvest named finalist for 2022 SXSW Innovation Awards How much do AppHarvest Marketing jobs pay? | Indeed.com 'Great Challenge Can Expose Great Opportunity': AppHarvest's Jonathan But AppHarvest actually has built farms, hired people and started to deliver produce to market, Webb said. to let us know you're having trouble. AppHarvest CEO Jonathan Webb has given dozens of interviews to promote the company. We just have to prove ourselves, Webb said. Salary information comes from 70 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. The bounty -- sold in grocery retailers like Kroger, Publix, As one of the newest businesses at the forefront of Agtech, AppHarvest (APPH-7.84%) . 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.. More news:UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA. [1] AppHarvest's greenhouses aim to primarily use sunlight in lieu of LEDs for growing plants hydroponically. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. In order to receive an award under the Cash Incentive 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. questo messaggio, invia un'email all'indirizzo "Greenwashing" Doesn't Work: Jonathan Webb, Founder & CEO, AppHarvest Celebrities on the board of directors included lifestyle entrepreneur Martha Stewart and investor and Hillbilly Elegy author J.D. Here are a few more takeaways from Webb's session: An . AppHarvest has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. 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. Jonathan Webb AppHarvest and Steve Case | | wdrb.com Chris Otts, WDRB Feb 10, 2023 Updated Feb 10, 2023 AppHarvest founder and CEO Jonathan Webb, right, and America Online founder. 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. Meanwhile, top executives were being awarded millions of dollars in compensation, the suits allege. Jonathan Webb, CEO, AppHarvest: AgTech Farming for Our - Interbrand 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. Jonathan Webb - Founder & CEO - AppHarvest | LinkedIn scaling up the Morehead facility to 400 employees. 2023 www.courier-journal.com. For more information, contact opendata@sec.gov. First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. [8] [9] AppHarvest also held a telethon raising nearly $1.3-million to help with flood relief. The greenhouse will deploy a variety of practices to maximize Kentucky's plentiful rainfall withdigital monitoring, lower-cost LED lights, and in keeping with European's organic trends, chemical-freegrowing practices. Inside is a tightly controlled environment that uses 90% less water than open-field agriculture and only rainwater to produce crop yields up to 30 times that of traditional farming. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Inside, you'll find row after row of tomatoes. 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. While acknowledging the headwinds it has faced, AppHarvest says it accurately explained its financial condition and the risks to investors. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Webb attributed the quality problems to scaling up the Morehead facility to 400 employees. . Designed to grow non-GMO, chemical pesticide-free produce, the indoor farms use up to 90 percent less water than open-field . 02/24. Jonathan Webb - Sustainable Brands Live Events Before founding AppHarvest, Webb worked with the U.S. Department of Defense on one of the largest solar projects in the Southeastern U.S., to ensure that the military's hundreds of installations develop resilient on-site power generation and receive 20% of their electricity from renewable sources by 2025. AppHarvest competitors include powergrow. Webb also announced plans for selling tomato-based products like salsa and Bloody Mary mix next year. Gov. Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. Beshear indicated that the state eventually may provide incentives, but it won't involve a taxpayer-funded investment as seen during "the last administration." Sorry, there are no recent results for popular commented articles. Als u dit bericht blijft zien, stuur dan een e-mail He has been a Director at AppHarvest, Inc. since January 2018. The foregoing description 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. The New York Times, the Wall Street Journal, Rolling Stone magazine, CBS 60 Minutes and Fox News are among the media outlets to praise the company for environmentally friendly practices, such as recycling rain water for crop irrigation, in an economically distressed coalfield region. AppHarvest CEO envisions 'couple-decade journey' after going public MT. 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. However, reality has proven far less bullish. EMPLOYMENT AGREEMENT . 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. scusiamo se questo pu causarti degli inconvenienti. In re: AppHarvest Securities Litigation, U.S. District Court, Southern District of New York In reality, they said, many of the tomatoes grown in Morehead fell short of the USDA Grade No. United States. Act of 1934 (240.12b-2 of this chapter). Hopefully when we have this conversation in the end of 23, youll see a company that is less about talk and less about me talking, candidly and more about results.. except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. Anything we do going forward will never be as hard as what weve already done on the development side, he added. later than 90 days following the end of the applicable performance period. Marketing. The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020. . 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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