Jonathan Webb. Exchange Act of 1934, Date of Report (Date of earliest event reported): 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. 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. 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. 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. 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. 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. He's not letting it distract from realities on the ground, in the eastern Kentucky mountains. excuses voor het ongemak. 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 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. A look at forecast, timeline. MT. Wenn 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. Markets are complex, and financial predictions made months or even a year into the future particularly for a young, public company like AppHarvest are always uncertain, the company said in its recent motion. Marketing. 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. Beshear told reporters in Frankfort that he's excited about the infusion ofscience and tech know-how. 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 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. For more information, contact opendata@sec.gov. los inconvenientes que esto te pueda causar. 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. . Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. 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. AppHarvest ( APPH) CEO Jonathan Webb said the company has its eyes on the long term as it looks to "institutionalize" controlled environment agriculture (CEA). Thank you for your interest in the U.S. Securities and Exchange Commission. There's a lot of hard work to bring it all to fruition, he said. 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. We hope that they are able to prosper.. AppHarvest is a small internet company based in Kentucky with only 78 employees and an annual revenue of $8.5M. 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. Inside, you'll find row after row of tomatoes. scaling up the Morehead facility to 400 employees. for a cash incentive award determined based on the achievement of specified annual Company performance goals, which include net revenue, Nelson lasted 15 months. AppHarvest, Inc. is an American food production company developing and operating indoor farms in Appalachia. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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. 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. Coronavirus Tips Working and Protection. We cannot build and grow fast enough to meet market demand, CEO Jonathan Webb said at the time. You have permission to edit this article. 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. Facebook gives people the power to share and makes the. 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. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. employee will be assigned an individual incentive target expressed as a percentage of the employee's annual base salary . Webb also announced plans for selling tomato-based products like salsa and Bloody Mary mix next year. The average AppHarvest salary ranges from approximately $31,291 per year for Packer to $108,991 per year for Sanitation Worker. Plan) which will govern the terms of annual cash incentive awards granted to eligible employees of the Company, as determined Designed to grow non-GMO, chemical pesticide-free produce, the indoor farms use up to 90 percent less water than open-field . a Non-Employee Director Compensation Policy (the Non-Employee Director Compensation Policy). Many of the challenged statements are inactionable puffery, the company said. 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. Mr. Jonathan Webb is Founder and Chief Executive Officer at AppHarvest, Inc since January 2018 and is its Chairman of the Board. 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. It's a big opportunityto bring "together types of science that I'm not sure that we have seen in Kentucky. Those are set to be completed by mid-2022. 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. Benefits information is taken from job posted on Indeed. except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. 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. Facility Coordinator. 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. Jonathan Webb is Chairman/CEO/Founder at AppHarvest Inc. See Jonathan Webb's compensation, career history, education, & memberships. Director Compensation Policy, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The investment pool focuses on promising technology and new. By using this site, you are agreeing to security monitoring and auditing. Paid express lanes grow more popular in once-reluctant South. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Plan, the participant must generally remain employed and in good standing with the Company through the date of payment. Help other job seekers by rating AppHarvest. 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. On today's show, AppHarvest Founder & CEO Jonathan Webb talks about AgTech (agriculture tech), the third wave of sustainable infrastructure. If an emerging growth company, indicate by check mark if the registrant It is illegal for insiders to make trades in their companies based on specific, non-public information. Anything we do going forward will never be as hard as what weve already done on the development side, he added. 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. "We see this as a couple-decade. 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 Thorough reviews have been conducted to assure this data accurately reflects disclosures. Webb attributed the quality problems to scaling up the Morehead facility to 400 employees. 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. Non-Employee Director Compensation Policy, non-employee directors will receive the following compensation for service on the Board: The annual cash compensation Help us make this company more transparent. The first AppHarvest tomatoes were delivered to grocery stores last year. This United States corporation or company article is a stub. Job Title. AppHarvest Founder and CEO Jonathan Webb will lead the Indoor Ag-Con keynote presentation, "How Tech In Farming Can Build A Resilient Food System," on Monday, February 28, 2022 from 11:00 am - 11:50 am. University of Kentucky Bachelor of Business Administration Major in Marketing Recent News and Activity Number of News Articles 30 News Jul 6, 2021 Sometimes the pieces just dont fit together as were building a team. 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. Here are further demographic highlights of the leadership team: The AppHarvest executive team is 45% female and 55% male. Aaron and Jonathan discuss the major challenges we are facing when it comes to food shortages and . AppHarvest's farms are designed to grow non-GMO, harsh chemical pesticide-free produce using sunshine, 100% recycled . AppHarvest, Inc. (Exact name of registrant as specified in its charter) Delaware . [1] AppHarvest's greenhouses aim to primarily use sunlight in lieu of LEDs for growing plants hydroponically. 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. area code: (606) 653-6100, (Former Name or Former Address, if Changed Since Last Report). How much do AppHarvest Administrative Assistance jobs pay? Act of 1934 (240.12b-2 of this chapter). Si continas viendo este mensaje, copy of which is attached hereto as Exhibit 10.2 and is incorporated herein by reference. 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. Insurance. There are large conglomerates in auto manufacturing. 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. [1] AppHarvest's greenhouses aim to primarily use sunlight in lieu of LEDs for growing plants hydroponically. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this year's first quarter. $20.64 per hour. AppHarvest's farms are designed to grow non-GMO produce using sunshine, 100% rainwater and up to 90% less water than open-field growing, all . Disculpa But you know, things happen all the time, he said. Vance, although Vance quit as he became more controversial during his Republican campaign for the U.S. Senate in Ohio. 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 company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020. 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. AppHarvest competitors include powergrow. AppHarvest has certainly turned heads, Quarles said. AppHarvest has generated much positive news coverage for itself since incorporating in 2018. Today on Work In Progress, Sophia is joined by Jonathan Webb (@webbjonathan). message, contactez-nous l'adresse 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. Webb said they are still on track to open 12 mega-greenhouse facilities by 2025. Winds light and variable. Winds light and variable.. A clear sky. 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. For more information, please see the SECs Web Site Privacy and Security Policy. AppHarvest is in the internet software & services industry. Live updates: Historical windstorm blows in. Executive Assistant. Lee, who will keep a seat on the AppHarvest board of directors, lasted less than two years in his job. One salary reported. One salary reported . Speaker Bio: Jonathan Webb is the Founder & 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. ", "AppHarvest recorded a $166 million loss in 2021. 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. The problems are fixable, AppHarvest President David Lee said. You look at the average US consumer, 50% or more of people going to the grocery store don't have the luxury to spend more for a premium product. 2024 is gonna look a lot different than 2022, the CEO said. 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. 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. 65% of the management team is White. Si vous continuez voir ce 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. Its a technical formula, Eggleton said. AppHarvest Founder and CEO Jonathan Webb speaks during groundbreaking for the new facility located in Shopville, on June 21, 2021. Job Title. 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. While AppHarvest made optimistic statements throughout the inaugural 2021 harvest season, behind the scenes, it struggled with hiring, training, production and produce quality at its farm growing tomatoes in Morehead, the suits allege. by the Committee from time to time. Sign up now to get our FREE breaking news coverage delivered right to your inbox. 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. AppHarvest's farms are designed to grow non-GMO produce using . Grace Schneider: 502-582-4082; gschneider@courierjournal.com; Twitter: @gesinfk. Sylvan Park 4101 Charlotte Avenue, Suite E140 Nashville Tenn. 37209 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. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . selling tomatoes from the flagship Morehead greenhouse. It has filed motions to dismiss the shareholder suits. 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. 02/21. target expressed as a percentage of the employees annual base salary. That includes businesswoman and celebrity Martha Stewart, who Webb said hasjoined the company board of directors. 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. Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Claiming and updating your company profile on Zippia is free and easy. 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. positions our company to be a global leader in this industry," said Jonathan Webb, founder and CEO of AppHarvest. As one of the newest businesses at the forefront of Agtech, AppHarvest (APPH-7.84%) . Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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). I mean, look at GM, for example, and all the different auto brands inside of GM. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. om ons te informeren over dit probleem. Loren joined AppHarvest in 2019, bringing more than 13 years of experience in finance and accounting. Item 5.02 Departure of Directors or Certain APPHARVEST INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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 . 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. 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. real person. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail 02/22. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Money went to 30 non-profits, about hundred small businesses, and 200 farmers. 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. Business Based on 8 salaries Manager 5 salaries Procurement Manager 1 salary View More Information Technology Based on 7 salaries Packhouse Specialist 6 salaries Cropcare Specialist 1 salary View More las molestias. 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. 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?

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