One salary reported. Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. Pursuant to the requirements of the Securities Exchange Act of 1934, 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. Lee, who will keep a seat on the AppHarvest board of directors, lasted less than two years in his job. 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. 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. Absent additional sources of financing, we expect that our existing cash and cash equivalents will only allow us to continue our planned operations into the first quarter of 2023, the company said. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Based on our data team's research, Jonathan Webb is the AppHarvest's CEO. "Our favorable crop yields and market pricing. AppHarvest has generated much positive news coverage for itself since incorporating in 2018. That includes businesswoman and celebrity Martha Stewart, who Webb said hasjoined the company board of directors. One analyst described the report as well below expectations. The companys stock price plunged. 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.. 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. A look at forecast, timeline. She is based in Pikeville. 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. It is illegal for insiders to make trades in their companies based on specific, non-public information. Si continas recibiendo este mensaje, infrmanos del problema AppHarvest's farms are designed to grow non-GMO, harsh chemical pesticide-free produce using sunshine, 100% recycled . AppHarvest Founder & CEO Mar 2017 Related Hubs Education Jonathan Webb studied at University of Kentucky. Associated Press. On March 23, 2021, the Board Exchange Act of 1934, Date of Report (Date of earliest event reported): We're building a sustainable, homegrown food supply that's accessible to all, all year long. Job Title. Appharvest has nearly 700 workers as of this month, he said. There's a lot of hard work to bring it all to fruition, he said. 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. "What we're doing here has really caught the attention of people around the world.". Gov. 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. The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer. 02/24. 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 . AppHarvest also held a telethon raising nearly $1.3-million to help with flood relief. ", "What Will the Rise of Giant Indoor Farms Mean for Appalachian Kentucky? Insurance. The company disclosed a $32 million net loss and dramatically cut projected earnings for the year. 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. For more information, contact opendata@sec.gov. Mr. Jonathan Webb is Founder and Chief Executive Officer at AppHarvest, Inc since January 2018 and is its Chairman of the Board. He has been a Director at AppHarvest, Inc. since January 2018. Net losses also will be worse than originally forecast, the company says. Its also removing two top executives as part of a restructuring that will cost up to $7 million in severance payments. The Kentucky-based company went public in February, joining Nasdaq at APPH. 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. University of Kentucky Bachelor of Business Administration Major in Marketing Recent News and Activity Number of News Articles 30 News Jul 6, 2021 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. POLL QUESTION: Which team will win the Boys Basketball 12th Region Tournament? [1] AppHarvest's greenhouses aim to primarily use sunlight in lieu of LEDs for growing plants hydroponically. . The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020. 2023 www.courier-journal.com. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Best Internet Companies to Work For in Kentucky, Best Companies to Work For in Morehead, KY, AppHarvest Industrial Maintenance Technician Jobs. Sorry, there are no recent results for popular videos. AppHarvest is a small internet company based in Kentucky with only 78 employees and an annual revenue of $8.5M. Jonathan Webb CEO AppHarvest. Webb's sprawling Appalachia dream has been featured on CBS' 60 Minutes and in major newspapers across the country. AppHarvest closed its $1 billion SPAC deal and began trading as a public company Monday. 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. 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. Non-Employee Director Compensation Policy. Money went to 30 non-profits, about hundred small businesses, and 200 farmers. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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 . Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. But it launched on an ambitious scale in a region of Kentucky that sorely needed new jobs, Quarles said. The top 10 competitors average 136.1M. verdade. Committee may modify and/or adjust the performance goals or the related level of achievement, in whole or in part, as it deems Meanwhile, top executives were being awarded millions of dollars in compensation, the suits allege. Company Overview. los inconvenientes que esto te pueda causar. by the Committee from time to time. 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 . 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. In just the last few years, Braidy Industries failed to build an aluminum mill near Ashland despite $15 million in state investments and EnerBlu dropped plans for a battery plant in Pikeville. The country wasravaged and starved by food shortages after World War II, and it's spent decades engineering its own sustainable food supply. Join Facebook to connect with Jonathan Webb and others you may know. 02/21. The cars are really going to be driving by the end of 23 going into 24. Jonathan Webb. Salary Company Earnings; Sep 30 2022: n/a: n/a-US$172m 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. 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. Support strong local journalism by subscribing today: courier-journal.com/graces. message, please email How much do AppHarvest Marketing jobs pay? 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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. He's not letting it distract from realities on the ground, in the eastern Kentucky mountains. Beshear told reporters in Frankfort that he's excited about the infusion ofscience and tech know-how. In order to receive an award under the Cash Incentive While we more than doubled production from our first quarter, we have a moment in time opportunity to create more long-term shareholder value by doubling down on investments that help us reduce risk going forward by developing and deploying our leading technology, and operational best practices for CEA, and enhancing our brand power by launching value-added products next year, Lee said. , except that Jonathan Webb, the Company's Chief Executive Officer, is not eligible to participate for the 2021 performance period. 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. . To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Groups of shareholders including a public pension fund in Plymouth, Mass. employee will be assigned an individual incentive target expressed as a percentage of the employee's annual base salary . 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. Check the appropriate box below if the Form 8-K filing is intended Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. One salary reported. Designed to grow non-GMO, chemical pesticide-free produce, the indoor farms use up to 90 percent less water than open-field . We dont wait at borders. We are sorry for the inconvenience. The leadership remained optimistic about the long-term operations of the company. Wenn 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. 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. 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. 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").. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. We prioritize direct shipping and reduce transportation fuel by up to 80% compared to produce from Mexico or the U.S. Southwest. Liz Moomey is a Report for America Corps member covering Eastern Kentucky for the Lexington Herald-Leader. AppHarvest expected to sell $20 million to $25 million this year but have scaled back their targets to $7 million to $9 million. AppHarvest raised its revenue outlook range for fiscal year 2021 on February 25, 2021, versus expectations prior to the start of harvesting. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this years first quarter. Se continui a visualizzare 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. We just have to prove ourselves, Webb said. 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. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Location. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. At times, the company had to bring in contract labor from outside the region, according to the suits. Marketing. Nous sommes dsols pour la gne occasionne. Disculpa 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. has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant Popular Jobs. The foregoing description 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. 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. Southern states are more frequently turning to pay-to-use express lanes as a way to address highway congestion without raising taxes. APPHARVEST INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. each annual performance period, the Committee will determine achievement of the Company and individual performance goals. He was Presid. Jonathan Webb is Chairman/CEO/Founder at AppHarvest Inc. See Jonathan Webb's compensation, career history, education, & memberships. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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 But that will change shortly, Webb said. "We're collecting data all through the . On March 23, 2021, the Compensation AppHarvest says it never misled anyone. 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. Anything we do going forward will never be as hard as what weve already done on the development side, he added. AppHarvest's farms are designed to grow non-GMO produce using . 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. 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 story was originally published August 12, 2021, 2:46 PM. There are large conglomerates in auto manufacturing. 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%) . Als u dit bericht blijft zien, stuur dan een e-mail Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. And thats where these facilities start throwing off tens of millions of pounds of vegetables and fruits and were optimizing production and that cash is thrown back into the company.. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 02/22. This page provides a comprehensive analysis of the known insider trading history of Jonathan Webb. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The company announced more conservative goals on the call. Lamentamos But you know, things happen all the time, he said. an. area code: (606) 653-6100, (Former Name or Former Address, if Changed Since Last Report). para nos informar sobre o problema. The problems are fixable, AppHarvest President David Lee said. Committee of the Board (the Committee) adopted an Employee Cash Incentive Plan (the Cash Incentive Administrative Assistance. AppHarvest competitors include powergrow. charter), Registrants telephone number, including Employee is employed by the Company as its Chief Executive Officer. If you continue to see this "We see this as a couple-decade. 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. 2024 is gonna look a lot different than 2022, the CEO said. PU. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . 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. EMPLOYMENT AGREEMENT . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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 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.
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