Check the appropriate box below if the Form 8-K filing is intended Jonathan Webb. It's about finding the next way to not just grow food, but to grow food in a sustainable way.". AppHarvest's farms are designed to grow non-GMO produce using . I mean, look at GM, for example, and all the different auto brands inside of GM. 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. The information shown here is a reporting of information included in the company's proxy statement. Nous sommes dsols pour la gne occasionne. AppHarvest stock plummeted afterward. 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. AppHarvest has 78 employees, of which 30 are in a leadership position. Inside, you'll find row after row of tomatoes. except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. Andy Beshear and U.S. Rep. Andy Barr, R-Lexington, were among the dignitaries who attended the farms heavily publicized opening last month. . The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020. 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. Lee, who will keep a seat on the AppHarvest board of directors, lasted less than two years in his job. Si continas viendo este mensaje, Note: We do not offer technical support for developing or debugging scripted downloading processes. 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 CEO AppHarvest. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. 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. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Liked by Jonathan Webb Folks are getting excited about AppHarvest working to quadruple its high-tech indoor farm network this year by adding a 15-acre salad greens Liked by Jonathan Webb. The 2021 incentive targets for the Companys current 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. The company disclosed a $32 million net loss and dramatically cut projected earnings for the year. AppHarvest Founder & CEO Mar 2017 Related Hubs Education Jonathan Webb studied at University of Kentucky. to let us know you're having trouble. Jonathan Webb is the Founder and CEO of AppHarvest, a company that combines conventional agricultural techniques with cutting-edge technology to address key issues including improving access. 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. 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. 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. Jonathan Webb is on Facebook. The Committee (or its delegate) will administer the Cash Incentive Plan and will have the authority to determine all of the awards granted Administrative Assistance. Overall, the goal is to create an ecosystem similar to what's been developed over decades in the Netherlands' greenhouse industry. We're building a sustainable, homegrown food supply that's accessible to all, all year long. People in Eastern Kentucky are understandably skeptical about companies that come into the region and make promises about jobs, Webb said. Location. He has been a Director at AppHarvest, Inc. since January 2018. The For more information, please see the SECs Web Site Privacy and Security Policy. Help other job seekers by rating AppHarvest. The suits cite the eyewitness accounts of six unnamed confidential witnesses who allegedly held different jobs inside AppHarvest during 2021. 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").. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. One salary reported . Posted in Press Releases. 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. "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? under the Cash Incentive Plan. message, contactez-nous l'adresse questo messaggio, invia un'email all'indirizzo On March 23, 2021, the Compensation "We see this as a couple-decade. enviando un correo electrnico a per informarci del problema. 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. [8] [9] Item 5.02 Departure of Directors or Certain 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. At Windset, he supported both significant infrastructure and revenue growth. 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. ", "What Will the Rise of Giant Indoor Farms Mean for Appalachian Kentucky? 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. This United States corporation or company article is a stub. 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 to build an efficient food system. How much do AppHarvest employees make? United States. If you continue to see this Celebrities on the board of directors included lifestyle entrepreneur Martha Stewart and investor and Hillbilly Elegy author J.D. 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. 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 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 We cannot build and grow fast enough to meet market demand, CEO Jonathan Webb said at the time. Two greenhouses in Berea and Richmond are more than 30 percent constructed. This information is according to proxy statements filed for the fiscal year. Sorry, there are no recent results for popular commented articles. Based on our data team's research, Jonathan Webb is the AppHarvest's CEO. 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. 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. He has a bachelors degree in business from the University of Kentucky. appropriate or equitable. 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. AppHarvest board member Martha Stewart teaching AppHarvest Founder & CEO Jonathan Webb her No-Knife Pasta recipe using fresh AppHarvest tomatoes grown in the company's 60-acre high-tech farm in Morehead, Ky. AppHarvest is now commercially shipping tomatoes from its third harvest season to top national grocers, food service outlets and restaurants through its distributor, Mastronardi Produce. Appharvest, Inc. : Change in Directors or Principal Officers (form 8-K) AQ. Liz Moomey is a Report for America Corps member covering Eastern Kentucky for the Lexington Herald-Leader. At times, the company had to bring in contract labor from outside the region, according to the suits. But AppHarvest actually has built farms, hired people and started to deliver produce to market, Webb said. 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. Were releasing the race cars onto the track, but were still kind of in ramp-up mode on the race cars, he said. Gov. The company has cumulatively spent at least $641 million for operations and fixed assets since 2018, when it incorporated, according to public filings. 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. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Beshear indicated that the state eventually may provide incentives, but it won't involve a taxpayer-funded investment as seen during "the last administration." 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. to Section 13(a) of the Exchange Act. AppHarvest CEO Jonathan Webb joins Yahoo Finance Live to discuss scaling controlled environment agriculture infrastructure, keeping produce prices low, and the future of farming as climate change . As one of many examples of misleading statements, it cites an interview that Webb gave on March 4, 2021, to an investing news site in which he said, I think that every tomato that weve produced has been readily put into the market.. AppHarvest Founder and CEO Jonathan Webb speaks during groundbreaking for the new facility located in Shopville, on June 21, 2021. Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. That includes businesswoman and celebrity Martha Stewart, who Webb said hasjoined the company board of directors. But that will change shortly, Webb said. 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.. It has filed motions to dismiss the shareholder suits. Designed to grow non-GMO, chemical pesticide-free produce, the indoor farms use up to 90 percent less water than open-field . Webb said the company has ample funds for the construction of future farms. Live updates: Historical windstorm blows in. named executive officers are as follows: Following the end of Administrative Assistance. Aaron and Jonathan discuss the major challenges we are facing when it comes to food shortages and . Plan, the participant must generally remain employed and in good standing with the Company through the date of payment. You may also find the annual proxy statement by going directly to the company's website. The problems are fixable, AppHarvest President David Lee said. Wir entschuldigen uns fr die Umstnde. JONATHAN WEBB: Yeah, we really don't think we need to be raising prices for the consumer much above kind of where we're at now. AppHarvest Financial Performance 9.6 Performance Score 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. Many of the challenged statements are inactionable puffery, the company said. Drawing inspiration from a National Geographic article he read on sustainable indoor farming in the Netherlands, Webb traveled with friends to Holland in 2015 to see the farms for himself. Each eligible employee will be assigned an individual incentive Support strong local journalism by subscribing today: courier-journal.com/graces. While acknowledging the headwinds it has faced, AppHarvest says it accurately explained its financial condition and the risks to investors. Non-Employee Director Compensation Policy. [5], The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020.[6]. Have you worked at AppHarvest? 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. It's more about for us, as a company, making sure that we can build and operate facilities at the price point that's available. The anticipated 285 jobs will range from a head grower who makes a "doctor's salary," to mid-level water technicians and less skilled entry-level employees who would earn a $13 minimum wage, with health insurance benefits and incentives for pay of up to $16 to $17 an hour, Webb said. Si vous continuez voir ce March 23, 2021, (Exact name of registrant as specified in its AppHarvest, Inc. is an American food production company developing and operating indoor farms in Appalachia. 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. adjusted EBITDA and improvement in the Companys benefit corporation certification score, as well as individual performance goals. om ons te informeren over dit probleem. AppHarvest has generated much positive news coverage for itself since incorporating in 2018. 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. As one of the newest businesses at the forefront of Agtech, AppHarvest (APPH-7.84%) . AppHarvest ( APPH) CEO Jonathan Webb said the company has its eyes on the long term as it looks to "institutionalize" controlled environment agriculture (CEA). We dont wait at borders. Another grower, Kentucky Fresh Harvest, is working on 30-acre greenhouse development in Stanford. Over the last four quarters, AppHarvest's revenue has decreased by 82.9%. Founder of AppHarvest, Inc., AppHarvest Morehead Farm LLC and AppHarvest Operations, Inc., Jonathan Webb is an entrepreneur who is Chairman & Chief Executive Officer of AppHarvest, Inc. and Chairman & Chief Executive Officer of AppHarvest Operations, Inc. (a subsidiary of AppHarvest, Inc.). Executive Assistant. 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. The foregoing description 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. 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.. She is based in Pikeville. 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. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this years first quarter.
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