Jonathan Webb - Insider Trading Tracker - Fintel The Committee (or its delegate) will administer the Cash Incentive Plan and will have the authority to determine all of the awards granted Webb also announced plans for selling tomato-based products like salsa and Bloody Mary mix next year. The Companys named executive officers are eligible to participate in the Cash Incentive Plan, You have permission to edit this article. AppHarvest CEO on scaling sustainable agriculture: 'We don - Yahoo! Gov. has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. SEC.gov | HOME [5], The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020.[6]. When poorly trained workers could not keep up with the harvest, overripe tomatoes dropped to the ground, where large numbers of gnats swarmed, they said. AppHarvest, Inc. (APPH) CEO Jonathan Webb On Q1 2022 Results - SeekingAlpha AppHarvest CEO envisions 'couple-decade journey' after going public UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA, Your California Privacy Rights / Privacy Policy. Is the biggest greenhouse in the U.S. the future of farming? CNN asked in its feature on the company last year. 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. At times, the company had to bring in contract labor from outside the region, according to the suits. The Kentucky-based company went public in February, joining Nasdaq at APPH. Jonathan Webb | Gatton College of Business and Economics In May 2019, AppHarvest closed an $82 million deal with Equilibrium Capital to build its first greenhouse. 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. All rights reserved. Job Title. "Greenwashing" Doesn't Work: Jonathan Webb, Founder & CEO, AppHarvest Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Insurance. United States. ein Mensch und keine Maschine sind. 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. Another longtime Dutch firm, Dalsem, designed and manufactured the greenhouse parts, which have been assembled by an Appalachia-based construction company. 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. Webb said the company has ample funds for the construction of future farms. [8] [9] The investment pool focuses on promising technology and new companies in middle America, which Case has argued are too often passed over in favor ofSilicon Valley and East Coast tech hubs. An Appalachian native, he holds a bachelors degree in communications from the University of Tennessee and a masters in communications management from the Newhouse School of Public Communications at Syracuse University. 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. Help us make this company more transparent. Jonathan Webb's Post Jonathan Webb CEO at AppHarvest 1y Jonathan Webb - Founder & CEO - AppHarvest | LinkedIn 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. Si continas viendo este mensaje, 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. AppHarvest isn't the only company diving into greenhouses, and trying to captureto the Eastern Seaboard. Associated Press. AppHarvest - WikiAlpha An Interview With AppHarvest Founder and CEO Jonathan Webb AppHarvest's farms are designed to grow non-GMO, harsh chemical pesticide-free produce using sunshine, 100% recycled . AppHarvest is pausing its plan to build a dozen indoor farms. When we spoke on the phone, AppHarvest had just completed planting of its first crop of tomatoes. AppHarvest Went From Seed to $1 Billion in Just 3 Years Si continas recibiendo este mensaje, infrmanos del problema 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. Jonathan Webb | Facebook Its a technical formula, Eggleton said. Act of 1934 (240.12b-2 of this chapter). 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. There's a lot of hard work to bring it all to fruition, he said. 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. 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 None of the information on this page has been provided or approved by AppHarvest. Here are a few more takeaways from Webb's session: An . Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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.. AppHarvest says it never misled anyone. By using this site, you are agreeing to security monitoring and auditing. AppHarvest stock plummeted afterward. Loren joined AppHarvest in 2019, bringing more than 13 years of experience in finance and accounting. Any cash incentive awards that become payable under the Cash Incentive Plan will generally be paid no Loren holds a bachelors degree in accounting from the University of Kentucky and a masters in accounting from the University of Notre Dame. 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. The leadership remained optimistic about the long-term operations of the company. Company Overview. At the Morehead site, the goal is to harvest 45 million pounds of fresh produce each year, mostly tomatoes, that now are raised in Canada and Mexico, a country that exports 4 billion tomatoes a day. Pursuant to the requirements of the Securities Exchange Act of 1934, 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. Inside, you'll find row after row of tomatoes. Were releasing the race cars onto the track, but were still kind of in ramp-up mode on the race cars, he said. On March 23, 2021, the Board Jonathan Webb - salary.com PU. AppHarvest CEO details how company uses tech for farming indoors - Yahoo! People don't leave purpose-driven companies, AppHarvest CEO says The For more information, contact opendata@sec.gov. Lamentamos pelo inconveniente. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this year's first quarter. For more information, please see the SECs Web Site Privacy and Security Policy. University of Kentucky Bachelor of Business Administration Major in Marketing Recent News and Activity Number of News Articles 30 News Jul 6, 2021 The applied technology company is developing and operating some of the world's largest high-tech indoor farms. 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. to let us know you're having trouble. will be described in the Companys annual proxy statement filed in 2022. One salary reported. The nation, which is roughly a third the land mass of Kentucky, has a network of 10,000 companies tied to its greenhouses. ", "What Will the Rise of Giant Indoor Farms Mean for Appalachian Kentucky? The average AppHarvest salary ranges from approximately $31,291 per year for Packer to $108,991 per year for Sanitation Worker. charter), Registrants telephone number, including 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. Facility Coordinator. APPHARVEST CEO JONATHAN WEBB TO LEAD CEO KEYNOTE - EIN News AppHarvest named finalist for 2022 SXSW Innovation Awards 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. las molestias. 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. of the Cash Incentive Plan is not complete and is subject to and qualified in its entirety by reference to the Cash Incentive Plan, a questo messaggio, invia un'email all'indirizzo Andy Beshear and U.S. Rep. Andy Barr, R-Lexington, were among the dignitaries who attended the farms heavily publicized opening last month. 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. Outside In with Charles Trevail: Jonathan Webb, CEO, AppHarvest Sometimes the pieces just dont fit together as were building a team. AppHarvest has generated much positive news coverage for itself since incorporating in 2018. 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. This report is not for commercial use. We cannot build and grow fast enough to meet market demand, CEO Jonathan Webb said at the time. Committee may modify and/or adjust the performance goals or the related level of achievement, in whole or in part, as it deems area code: (606) 653-6100, (Former Name or Former Address, if Changed Since Last Report). 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. Two greenhouses in Berea and Richmond are more than 30 percent constructed. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. , except that Jonathan Webb, the Company's Chief Executive Officer, is not eligible to participate for the 2021 performance period. But that will change shortly, Webb said. 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. Woodland Wine Merchant Sylvan Park Kentucky and West Virginia once helped power America with low-cost coal. 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. 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. Who has power? For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. AppHarvest expected to sell $20 million to $25 million this year but have. The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer. named executive officers are as follows: Following the end of Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The employee data is based on information from people who have self-reported their past or current employments at AppHarvest. AppHarvest is in the internet software & services industry. Check the appropriate box below if the Form 8-K filing is intended 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. Southern states are more frequently turning to pay-to-use express lanes as a way to address highway congestion without raising taxes. later than 90 days following the end of the applicable performance period. The company announced more conservative goals on the call. One analyst described the report as well below expectations. The companys stock price plunged. Anything we do going forward will never be as hard as what weve already done on the development side, he added. Popular Jobs. Jonathan Webb - Biography - MarketScreener.com Exhibit 10.24 . Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Salary Company Earnings; Sep 30 2022: n/a: n/a-US$172m The company also closed a separate Series A funding round led by ValueAct Spring Fund. The Berea farm, which will grow salad greens, was intended to be the newest jewel in AppHarvests crown. Working At AppHarvest: Employee Reviews And Culture - Zippia 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. 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. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. David Lee, as well as the AppHarvest CEO and Founder Jonathan Webb on the show in prior, I believe prior . Investors Dig Into AppHarvest | The Motley Fool - Nasdaq Groups of shareholders including a public pension fund in Plymouth, Mass. Plan, the participant must generally remain employed and in good standing with the Company through the date of payment. Departing the companys executive offices this month are President David Lee, formerly of Impossible Foods, and Chief Operating Officer Julie Nelson, formerly of PepsiCo. Gov. message, please email Sign up now to get our FREE breaking news coverage delivered right to your inbox. 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. 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. Location. 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. 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. 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. Andy Beshear unveiled an ambitious vision to grow fresh produce in the eastern U.S.,create jobs fora region slammed by coal's collapseand build an "ag-tech"epicenter. Gov. 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. "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? She is based in Pikeville. What to know, Are you prepared for a tornado? If an emerging growth company, indicate by check mark if the registrant Any person who has joined this company has been wildly talented and has put a lot into the company. 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. Benefits information is taken from job posted on Indeed. The farms grow tomatoes, leafy greens for salads and berries. AppHarvest's Competitors, Revenue, Number of Employees - Owler Please enable Cookies and reload the page. This United States corporation or company article is a stub. real person. of Directors (the Board) of AppHarvest, Inc. (the Company) adopted and approved a Non-Employee Director Compensation Policy (the Non-Employee Director Compensation Policy). The company disclosed a $32 million net loss and dramatically cut projected earnings for the year. 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. Prior to his work with Nissan, Travis held public relations leadership roles at General Motors, Ally Financial, Pulte Homes and Lockheed Martin. KY-based AppHarvest admits serious concerns about its future Non-Employee Director Compensation Policy. 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. You may also find the annual proxy statement by going directly to the company's website. AppHarvest sets fourth quarter 2022 and full-year 2022 earnings call on March 9, 2023. It would have been evident to the ordinary investor that AppHarvest would encounter problems with labor and tomato quality and yield..
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