[1] AppHarvest's greenhouses aim to primarily use sunlight in lieu of LEDs for growing plants hydroponically. 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. 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. 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. 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. Aaron and Jonathan discuss the major challenges we are facing when it comes to food shortages and . AppHarvest CEO Jonathan Webb has given dozens of interviews to promote the company. Nelson lasted 15 months. Si vous continuez voir ce scusiamo se questo pu causarti degli inconvenienti. have filed five federal lawsuits against AppHarvest in the last 15 months. Appharvest, Inc. : Change in Directors or Principal Officers (form 8-K) AQ. What to know, Are you prepared for a tornado? Paid express lanes grow more popular in once-reluctant South. How experienced are the management team and are they aligned to shareholders interests? Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 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. On today's show, AppHarvest Founder & CEO Jonathan Webb talks about AgTech (agriculture tech), the third wave of sustainable infrastructure. 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. March 23, 2021, (Exact name of registrant as specified in its Insiders are officers, directors, or significant investors in a company. for a cash incentive award determined based on the achievement of specified annual Company performance goals, which include net revenue, Pursuant to the On March 23, 2021, the Compensation 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. 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. Exhibit 10.24 . The employee data is based on information from people who have self-reported their past or current employments at AppHarvest. The Cash Incentive Plan provides selling tomatoes from the flagship Morehead greenhouse. of Directors (the Board) of AppHarvest, Inc. (the Company) adopted and approved enva un correo electrnico a . 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. Disculpa Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. All proxy statements are public filings made available to the general public by the SEC. to Section 13(a) of the Exchange Act. 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. Check the appropriate box below if the Form 8-K filing is intended 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 military . Over the last four quarters, AppHarvest's revenue has decreased by 82.9%. APPHARVEST INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant is an emerging growth We would like to show you a description here but the site won't allow us. AppHarvest, Inc. (Exact name of registrant as specified in its charter) Delaware . AppHarvest Financial Performance 9.6 Performance Score 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. Gov. a Non-Employee Director Compensation Policy (the Non-Employee Director Compensation Policy). 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. Any person who has joined this company has been wildly talented and has put a lot into the company. By using this site, you are agreeing to security monitoring and auditing. Item 9.01 Financial Statements and Exhibits. 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. She is based in Pikeville. One salary reported. ", "What Will the Rise of Giant Indoor Farms Mean for Appalachian Kentucky? 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. The chart on this page features a breakdown of the total annual pay for , at APPHARVEST INC as reported in their proxy statements. You have permission to edit this article. As at APPHARVEST INC, made $0 in total compensation. The applied technology company is developing and operating some of the world's largest high-tech indoor farms. AppHarvest may also be known as or be related to APPHARVEST, INC., AppHarvest, AppHarvest, Inc, AppHarvest, Inc. and Appharvest, Inc. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Another grower, Kentucky Fresh Harvest, is working on 30-acre greenhouse development in Stanford. Associated Press. Note: We do not offer technical support for developing or debugging scripted downloading processes. CHECK AVAILABILITY AT A GLANCE VIDEOS BIOGRAPHY TOPICS RELATED CHECK AVAILABILITY Jonathan Webb BROWSE 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. AppHarvest also held a telethon raising nearly $1.3-million to help with flood relief. Jonathan Webb | Speaking Fee, Booking Agent, & Contact Info | CAA Speakers Inquire below to book Jonathan Webb Founder & CEO, AppHarvest Entrepreneurs Founders / CEOs Climate Change & Sustainability Innovation Science & Technology What's Next? Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Posted in Press Releases. 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. 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. $357,640 per year. Jonathan Webb is the Founder & CEO at AppHarvest. If the companys stock trades below $1 for more than 30 consecutive days, it can be dropped from the NASDAQ. Live updates: Historical windstorm blows in. The information shown here is a reporting of information included in the company's proxy statement. AppHarvest projects $350 million to $400 million in net sales in 2025. Jonathan Mark Webb net worth is $800,000 Jonathan Mark Webb Wiki: Salary, Married, Wedding, Spouse, Family Jonathan Webb is an actor, known for Graffiti Bridge (1990), In Search of Dr. Seuss (1994) and A Different World (1987). Thank you for your interest in the U.S. Securities and Exchange Commission. 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. Kentucky and West Virginia once helped power America with low-cost coal. 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. pour nous faire part du problme. AppHarvest Inc (NASDAQ:APPH) . EMPLOYMENT AGREEMENT . We hope that they are able to prosper.. 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 Companys named executive officers are eligible to participate in the Cash Incentive Plan, The nation, which is roughly a third the land mass of Kentucky, has a network of 10,000 companies tied to its greenhouses. Als u dit bericht blijft zien, stuur dan een e-mail questo messaggio, invia un'email all'indirizzo Departing the companys executive offices this month are President David Lee, formerly of Impossible Foods, and Chief Operating Officer Julie Nelson, formerly of PepsiCo. Committee of the Board (the Committee) adopted an Employee Cash Incentive Plan (the Cash Incentive 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. People in Eastern Kentucky are understandably skeptical about companies that come into the region and make promises about jobs, Webb said. Beshear indicated that the state eventually may provide incentives, but it won't involve a taxpayer-funded investment as seen during "the last administration." 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. 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.. 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. Kentuckys agriculture commissioner, Ryan Quarles, said AppHarvest is not the only company in the state to use controlled environment agriculture, or CEA, based on ideas pioneered in the Netherlands. We prioritize direct shipping and reduce transportation fuel by up to 80% compared to produce from Mexico or the U.S. Southwest. If you continue to see this los inconvenientes que esto te pueda causar. Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. Please help us protect Glassdoor by verifying that you're a Sorry, there are no recent results for popular commented articles. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Exchange Act of 1934, Date of Report (Date of earliest event reported): More news:UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA. Jonathan Webb. 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. Meanwhile, top executives were being awarded millions of dollars in compensation, the suits allege. Wenn . Benefits information is taken from job posted on Indeed. Facility Coordinator. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. 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. "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. Si continas viendo este mensaje, United States. AppHarvest Founder and CEO Jonathan Webb speaks during groundbreaking for the new facility located in Shopville, on June 21, 2021. Webb also announced plans for selling tomato-based products like salsa and Bloody Mary mix next year. But AppHarvest actually has built farms, hired people and started to deliver produce to market, Webb said. 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.