The leadership remained optimistic about the long-term operations of the company. Gov. Insiders are officers, directors, or significant investors in a company. Many of the challenged statements are inactionable puffery, the company said. The four-farm network consists of 165 acres under glass. 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. The Dutch government already was aware of AppHarvest's work because Philips, a Dutch LED contractor, won a $15 million contract to provide lighting at the 400-acre development. David Lee, as well as the AppHarvest CEO and Founder Jonathan Webb on the show in prior, I believe prior . 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. Its unfortunate, said Jonathan Webb, AppHarvests founder and chief executive officer, in an interview with the Herald-Leader. Administrative Assistance. Jonathan Webb CEO AppHarvest. Zippia gives an in-depth look into the details of AppHarvest, including salaries, political affiliations, employee data, and more, in order to inform job seekers about AppHarvest. How much do AppHarvest employees make? 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. However, reality has proven far less bullish. Aydanos a proteger Glassdoor verificando que eres una persona real. 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. 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. 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. positions our company to be a global leader in this industry," said Jonathan Webb, founder and CEO of AppHarvest. 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. 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. 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. 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. University of Kentucky Bachelor of Business Administration Major in Marketing Recent News and Activity Number of News Articles 30 News Jul 6, 2021 It's about finding the next way to not just grow food, but to grow food in a sustainable way.". Communications Officer. 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. Overall, the goal is to create an ecosystem similar to what's been developed over decades in the Netherlands' greenhouse industry. 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). Sylvan Park 4101 Charlotte Avenue, Suite E140 Nashville Tenn. 37209 APPHARVEST INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Job Title. 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. You can help Wikipedia by expanding it. Disculpa 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. The Company desires to continue to employ Employee and, in connection therewith, to compensate . . Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. 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. Aydanos a proteger Glassdoor y demustranos que eres una persona real. United States. If the companys stock trades below $1 for more than 30 consecutive days, it can be dropped from the NASDAQ. Committee of the Board (the Committee) adopted an Employee Cash Incentive Plan (the Cash Incentive Share prices nosedived from more than $30 in February 2021, when the company went public on the NASDAQ exchange, to about $1.20 this week. March 23, 2021, (Exact name of registrant as specified in its AppHarvest Founder|CEO Jonathan Webb will lead the Indoor Ag-Con keynote , "How Tech In Farming Can Build A Resilient Food System," on Feb 28, 2022 at 11 am . [8] [9] We're building a sustainable, homegrown food supply that's accessible to all, all year long. 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. Check the appropriate box below if the Form 8-K filing is intended each annual performance period, the Committee will determine achievement of the Company and individual performance goals. 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. Help us make this company more transparent. later than 90 days following the end of the applicable performance period. excuses voor het ongemak. Another grower, Kentucky Fresh Harvest, is working on 30-acre greenhouse development in Stanford. 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. Of this total $0 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. While acknowledging the headwinds it has faced, AppHarvest says it accurately explained its financial condition and the risks to investors. 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").. What to know, Are you prepared for a tornado? This story was originally published August 12, 2021, 2:46 PM. Please help us protect Glassdoor by verifying that you're a 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. Thank you for your interest in the U.S. Securities and Exchange Commission. The Companys named executive officers are eligible to participate in the Cash Incentive Plan, 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. Salary Company Earnings; Sep 30 2022: n/a: n/a-US$172m Webb said the company has ample funds for the construction of future farms. scusiamo se questo pu causarti degli inconvenienti. Location. A headliner event at the February 28 - March 1, 2022 edition of the trade show and conference for the indoor . This page provides a comprehensive analysis of the known insider trading history of Jonathan Webb. Meanwhile, top executives were being awarded millions of dollars in compensation, the suits allege. AppHarvest isn't the only company diving into greenhouses, and trying to captureto the Eastern Seaboard. Common benefits at AppHarvest. Sometimes the pieces just dont fit together as were building a team. 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. Associated Press. The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky. Webb also announced plans for selling tomato-based products like salsa and Bloody Mary mix next year. Emily brings a wealth of knowledge and experience to her current role, having earned her SHRM certification and a bachelor's in interdisciplinary studies from Western Kentucky University. Six Dodge Challenger Hellcats stolen off local Don Franklin car lot, Cooper Center up for sale but current residents not gone just yet, Local musician Trammell an 'American Idol' hopeful, Fiscal Court grapples over Sheriff Deputies' pay, Pulaski County overcomes slow start, takes down Titans in opening round of regional tourney, Ay, There's the Rub (and Sauce): Baney's Bangin' BBQ is a sweet success story for Jones, Frozen assets: Money raised from skating rink goes to good cause, Girls' 12th Region Hall of Fame class and All-Region Teams announced. para nos informar sobre o problema. If an emerging growth company, indicate by check mark if the registrant Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. For the second quarter of 2021, net sales were $3.1 million, an increase of $0.8 million from the first quarter of 2021, when AppHarvest began its inaugural harvest and launched as a public company. Any person who has joined this company has been wildly talented and has put a lot into the company. Pursuant to the requirements of the Securities Exchange Act of 1934, It is illegal for insiders to make trades in their companies based on specific, non-public information. except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. enviando un correo electrnico a [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. As Chief Executive Officer at AppHarvest, Inc., Jonathan Webb made $33,087,859 in total compensation. 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. 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. As one of the newest businesses at the forefront of Agtech, AppHarvest (APPH-7.84%) . Theyre unhappy about the collapse of its stock price, and they allege fraud. 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. Here are a few more takeaways from Webb's session: An . Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Is the biggest greenhouse in the U.S. the future of farming? CNN asked in its feature on the company last year. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Marketing. Jonathan Webb is Chairman/CEO/Founder at AppHarvest Inc. See Jonathan Webb's compensation, career history, education, & memberships. AppHarvest is redefining American agriculture by developing modern, large-scale and efficient indoor farms in Central Appalachia, a water-rich region strategically located within a day's drive of approximately 70% of the U.S . "We see this as a couple-decade. AppHarvest said it is partnering with Mastronardi Produce to form FarmCom, which will build, buy and operate new high-tech greenhouses and expand production throughout the U.S. AppHarvest will contribute $10 million in cash. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on a massive solar project to help achieve a White House goal of ensuring the militarys hundreds of installations receive 20 percent of their electricity from renewable sources by 2025. AppHarvest sold 8.6 million pounds of tomatoes in the second quarter, an increase of 4.8 million pounds from the first quarter. 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. However, given the financial challenges facing the company, his original plan to open 12 mega-farms by 2025 is off the table for now, he said. Posted in Press Releases. 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. AppHarvest Financial Performance 9.6 Performance Score Note: We do not offer technical support for developing or debugging scripted downloading processes. AppHarvest has sold 13.4 million pounds of tomatoes since its inaugural harvest in January, but in an earnings call Wednesday, the mega-greenhouse company announced it recorded a net loss of $32 million in its second quarter. 1 quality required by Mastronardi for distribution to Kroger, Wendys and other national retailers, so they were rejected. 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. Onze 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. Groups of shareholders including a public pension fund in Plymouth, Mass. All proxy statements are public filings made available to the general public by the SEC. AppHarvest is in the internet software & services industry. Beshear told reporters in Frankfort that he's excited about the infusion ofscience and tech know-how. Low 34F. Location. There are large conglomerates in auto manufacturing. 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. 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. 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. Money went to 30 non-profits, about hundred small businesses, and 200 farmers. 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. The nation, which is roughly a third the land mass of Kentucky, has a network of 10,000 companies tied to its greenhouses. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Its a technical formula, Eggleton said. He has been a Director at AppHarvest, Inc. since January 2018. Insurance. Appharvest has nearly 700 workers as of this month, he said. 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. employee will be assigned an individual incentive target expressed as a percentage of the employee's annual base salary . The Cash Incentive Plan provides 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. 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. Net losses also will be worse than originally forecast, the company says. AppHarvest's farms are designed to grow non-GMO, harsh chemical pesticide-free produce using sunshine, 100% recycled . $20.64 per hour. AppHarvest acquired Root AI, an agricultural robotics and artificial intelligence company that helps manage high-tech indoor farms, in April to collect data while harvesting. Andy Beshear and U.S. Rep. Andy Barr, R-Lexington, were among the dignitaries who attended the farms heavily publicized opening last month. At Windset, he supported both significant infrastructure and revenue growth. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . Tony earned his credential as a chartered professional accountant following a bachelor of commerce in accounting and finance and a graduate diploma in accounting, audit and taxation at Concordia University in Canada. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this year's first quarter. The winners in each of the 13 categories, plus additional honors, will be awarded at the 24th annual SXSW Innovation Awards on Monday, March 14, 2022.
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