SEC.gov | HOME The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky. 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. Associated Press. 02/24. AppHarvest raised its revenue outlook range for fiscal year 2021 on February 25, 2021, versus expectations prior to the start of harvesting. Facility Coordinator. Any cash incentive awards that become payable under the Cash Incentive Plan will generally be paid no Meanwhile, top executives were being awarded millions of dollars in compensation, the suits allege. We hope that they are able to prosper.. The company, which has raised more than $100 million in funding, is building some of the largest indoor farms in the world, combining conventional agricultural techniques with today's . Jonathan Webb on LinkedIn: World Economic Forum highlights 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. A headliner event at the February 28 - March 1, 2022 edition of the trade show and conference for the indoor . Gov. AppHarvest kicks off third season of commercial shipments of tomatoes Over the last four quarters, AppHarvest's revenue has decreased by 82.9%. AppHarvest expected to sell $20 million to $25 million this year but have scaled back their targets to $7 million to $9 million. Kentucky and West Virginia once helped power America with low-cost coal. 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. scaling up the Morehead facility to 400 employees. Money went to 30 non-profits, about hundred small businesses, and 200 farmers. The problems are fixable, AppHarvest President David Lee said. AppHarvest competitors include powergrow. 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.. As one of the newest businesses at the forefront of Agtech, AppHarvest (APPH-7.84%) . 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. Brand on Purpose with AppHarvest's Jonathan Webb Aaron R. Kwittken But you know, things happen all the time, he said. AppHarvest Inc (NASDAQ:APPH) . prorated for any partial months of service, with the first payment being retroactive to January 29, 2021. Within the massive indoor farms, AppHarvest combines innovative technology with natural resources and farming know-how, "using less to grow more," Jonathan Webb, CEO, tells We First. 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. AppHarvest Leadership: Executives and Demographics - Zippia EMPLOYMENT AGREEMENT . Si continas viendo este mensaje, Another longtime Dutch firm, Dalsem, designed and manufactured the greenhouse parts, which have been assembled by an Appalachia-based construction company. The company blames supply chain-related delays in opening three new farms. 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. Real-time updates and all local stories you want right in the palm of your hand. AppHarvest CEO details how company uses tech for farming indoors - Yahoo! Marketing. The team is very cognizant of that outside skepticism and negativity thats come down on the company, and I think our 700 employees have taken that as a challenge to really prove what we can do here, he said. Common benefits at AppHarvest. Nous sommes dsols pour la gne occasionne. AppHarvest sets fourth quarter 2022 and full-year 2022 earnings call on March 9, 2023. AppHarvest Founder & CEO Mar 2017 Related Hubs Education Jonathan Webb studied at University of Kentucky. Jonathan Webb - Earthx2023 Sign up now to get our FREE breaking news coverage delivered right to your inbox. CEO Jonathan Webb explained how it grew from a $250,000 seed round to a public company in three years. Jonathan Webb. However, reality has proven far less bullish. 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. 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. Support strong local journalism by subscribing today: courier-journal.com/graces. "Work in Progress with Sophia Bush" Jonathan Webb (Podcast - IMDb The company also closed a separate Series A funding round led by ValueAct Spring Fund. While acknowledging the headwinds it has faced, AppHarvest says it accurately explained its financial condition and the risks to investors. AppHarvest projects $350 million to $400 million in net sales in 2025. He has a bachelors degree in business from the University of Kentucky. "We see this as a couple-decade. More news:UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA. Snapshot Industry Manufacturing & Automotive Market Cap $64 million Net Income. Dutchfarms now grow up to 30 times more fruits and vegetables on a single acreindoors compared to oneacre outdoors, while slashing water usage by 90%. In one motion, it calls the litigation a textbook example of plaintiffs attorneys alleging fraud-by-hindsight under securities law because a company is losing money, not because there is actual evidence of fraud. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. pour nous faire part du problme. Beshear told reporters in Frankfort that he's excited about the infusion ofscience and tech know-how. 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 Webb's sprawling Appalachia dream has been featured on CBS' 60 Minutes and in major newspapers across the country. You may also find the annual proxy statement by going directly to the company's website. 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 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. Communications Officer. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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 to Become a Public AgTech Company - Urban Ag News per informarci del problema. 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. 65% of the management team is White. PU. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. AppHarvest CEO on scaling sustainable agriculture: 'We don - Yahoo! Please enable Cookies and reload the page. I mean, look at GM, for example, and all the different auto brands inside of GM. las molestias. It has filed motions to dismiss the shareholder suits. 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. Winds approaching hurricane force are blowing across Kentucky. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this years first quarter. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The applied technology company is developing and operating some of the world's largest high-tech indoor farms. At times, the company had to bring in contract labor from outside the region, according to the suits. 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. [8] [9] 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. The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer. Paid express lanes grow more popular in once-reluctant South. Average AppHarvest Salary $84,305 yearly $40.53 hourly Updated November 18, 2022 $47,000 10%$84,000 Median$148,000 90% Show AppHarvest Salaries Highest Paying Jobs At AppHarvest Show More Do you Work At AppHarvest? Director Compensation Policy, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. Best Internet Companies to Work For in Kentucky, Best Companies to Work For in Morehead, KY, AppHarvest Industrial Maintenance Technician Jobs. Any person who has joined this company has been wildly talented and has put a lot into the company. Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. Aydanos a proteger Glassdoor verificando que eres una persona real. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this year's first quarter. Gov. Who has power? 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. Webb also announced plans for selling tomato-based products like salsa and Bloody Mary mix next year. Aaron and Jonathan discuss the major challenges we are facing when it comes to food shortages and . Jonathan Webb - The Grow Summit CHECK AVAILABILITY AT A GLANCE VIDEOS BIOGRAPHY TOPICS RELATED CHECK AVAILABILITY Jonathan Webb BROWSE 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 expected to sell $20 million to $25 million this year but have. Act of 1934 (240.12b-2 of this chapter). Appharvest - Wikipedia 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 country wasravaged and starved by food shortages after World War II, and it's spent decades engineering its own sustainable food supply. APPHARVEST INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. All proxy statements are public filings made available to the general public by the SEC. 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. Help us make this company more transparent. Salary Company Earnings; Sep 30 2022: n/a: n/a-US$172m 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. 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. The Kentucky-based company went public in February, joining Nasdaq at APPH. United States. 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. Its unfortunate, said Jonathan Webb, AppHarvests founder and chief executive officer, in an interview with the Herald-Leader. There are large conglomerates in auto manufacturing. 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. Jonathan Webb: Determined To Help Appalachian Young People Have a AppHarvest Financial Performance 9.6 Performance Score For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. AppHarvest has certainly turned heads, Quarles said. Company Overview. We prioritize direct shipping and reduce transportation fuel by up to 80% compared to produce from Mexico or the U.S. Southwest. Employee is employed by the Company as its Chief Executive Officer. Webb said they are still on track to open 12 mega-greenhouse facilities by 2025. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 02/21. 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. Check the appropriate box below if the Form 8-K filing is intended Jonathan Webb's Post Jonathan Webb CEO at AppHarvest 1y employee will be assigned an individual incentive target expressed as a percentage of the employee's annual base salary . Location. Three thoughts on leadership from the founder and CEO of AppHarvest , except that Jonathan Webb, the Company's Chief Executive Officer, is not eligible to participate for the 2021 performance period. Thats right 70% of the U.S. population is within a days drive, which means our produce can be picked riper and delivered to stores near you within a day. Non-Employee Director Compensation Policy. The investment pool focuses on promising technology and new. los inconvenientes que esto te pueda causar. AppHarvest Went From Seed to $1 Billion in Just 3 Years MT. Jonathan Webb - Founder & CEO - AppHarvest | LinkedIn It's about finding the next way to not just grow food, but to grow food in a sustainable way.". Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . You can help Wikipedia by expanding it. Winds light and variable.. A clear sky. Nelson lasted 15 months. The employee data is based on information from people who have self-reported their past or current employments at AppHarvest. 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 . 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 Appharvest has nearly 700 workers as of this month, he said. Help us make this company more transparent. 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. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. If an emerging growth company, indicate by check mark if the registrant The suits cite the eyewitness accounts of six unnamed confidential witnesses who allegedly held different jobs inside AppHarvest during 2021. You have permission to edit this article. Prior to his work with Nissan, Travis held public relations leadership roles at General Motors, Ally Financial, Pulte Homes and Lockheed Martin. Aydanos a proteger Glassdoor y demustranos que eres una persona real. scusiamo se questo pu causarti degli inconvenienti. Exhibit 10.24 . AppHarvest ( APPH) CEO Jonathan Webb said the company has its eyes on the long term as it looks to "institutionalize" controlled environment agriculture (CEA). The average AppHarvest salary ranges from approximately $31,291 per year for Packer to $108,991 per year for Sanitation Worker. excuses voor het ongemak. Woodland Wine Merchant Sylvan Park He has been a Director at AppHarvest, Inc. since January 2018. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de I dont even believe it yet. 11th Region shocker dethrones perennial champion. We just have to prove ourselves, Webb said. 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. Wir entschuldigen uns fr die Umstnde. AppHarvest Founder & CEO Oct-2014 to Feb-2017 Archetype USA Contract Support (U.S. Army Office of Energy Initiatives) Jan-2010 to Oct-2014 Simple Choice Solutions Managing Director Competencies Crop Market Platforms (Agtech) Other Edit Jonathan WebbAchievements and Recognitions Add Milestone No milestones has been recorded for Jonathan Webb Edit Als u dit bericht blijft zien, stuur dan een e-mail Appharvest, Inc. : Change in Directors or Principal Officers (form 8-K) AQ. Theyre unhappy about the collapse of its stock price, and they allege fraud. 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. Jonathan Webb - Biography - MarketScreener.com Jonathan Webb | Speaking Fee, Booking Agent, & Contact Info - CAA The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 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. Liz Moomey is a Report for America Corps member covering Eastern Kentucky for the Lexington Herald-Leader. 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. "Our favorable crop yields and market pricing. 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. 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. Tony joined AppHarvest following a nearly 12-year career with Windset Farms, one of the largest CEA producers and marketers of indoor-grown crops in North America with more than 250 acres in the U.S. and Canada. selling tomatoes from the flagship Morehead greenhouse. Exchange Act of 1934, Date of Report (Date of earliest event reported): AppHarvest is a small internet company based in Kentucky with only 78 employees and an annual revenue of $8.5M. She replaced COO Marcella Butler, who was demoted in April 2021 after five months and terminated four months later. of Directors (the Board) of AppHarvest, Inc. (the Company) adopted and approved United States. Groups of shareholders including a public pension fund in Plymouth, Mass. 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 APPHARVEST, INC. : Change in Directors or Principal Officers (form 8-K Si continas recibiendo este mensaje, infrmanos del problema 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). Celebrities on the board of directors included lifestyle entrepreneur Martha Stewart and investor and Hillbilly Elegy author J.D. APPHARVEST CEO JONATHAN WEBB TO LEAD CEO KEYNOTE - EIN News On March 23, 2021, the Compensation Jonathan Webb is Chairman/CEO/Founder at AppHarvest Inc. See Jonathan Webb's compensation, career history, education, & memberships.
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