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. Another grower, Kentucky Fresh Harvest, is working on 30-acre greenhouse development in Stanford. Act of 1934 (240.12b-2 of this chapter). 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. Location. Nelson lasted 15 months. AppHarvest projects $350 million to $400 million in net sales in 2025. The nation, which is roughly a third the land mass of Kentucky, has a network of 10,000 companies tied to its greenhouses. the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AppHarvest CEO Jonathan Webb speaks with Yahoo Finance reporter Julie Hyman at the SXSW about tech innovation in the farming space and the future of the industry. Here are a few more takeaways from Webb's session: An . 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. Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Jonathan Webb is Chairman/CEO/Founder at AppHarvest Inc. See Jonathan Webb's compensation, career history, education, & memberships. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Popular Jobs. 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. 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.. You may also find the annual proxy statement by going directly to the company's website. Webb said they are still on track to open 12 mega-greenhouse facilities by 2025. charter), Registrants telephone number, including pour nous faire part du problme. Insiders are officers, directors, or significant investors in a company. AppHarvest CEO Jonathan Webb Discusses Positioning Kentucky as an Agricultural Leader By this time next year, AppHarvest expects to begin production in the 2.76-million-square-foot greenhouse the company is building in Morehead, Kentucky. "We're collecting data all through the . 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. 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. 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. Executive Assistant. ein Mensch und keine Maschine sind. When we spoke on the phone, AppHarvest had just completed planting of its first crop of tomatoes. scusiamo se questo pu causarti degli inconvenienti. 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. You have permission to edit this article. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Administrative Assistance. Jonathan Webb. $357,640 per year. Designed to grow non-GMO, chemical pesticide-free produce, the indoor farms use up to 90 percent less water than open-field . Grace Schneider: 502-582-4082; gschneider@courierjournal.com; Twitter: @gesinfk. Some clouds this morning will give way to generally sunny skies for the afternoon. 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. Sorry, there are no recent results for popular videos. But AppHarvest actually has built farms, hired people and started to deliver produce to market, Webb said. 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. 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. Facility Coordinator. Paid express lanes grow more popular in once-reluctant South. 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 is illegal for insiders to make trades in their companies based on specific, non-public information. 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. I think were still going to have that AppHarvest story and that AppHarvest name, he said. We cannot build and grow fast enough to meet market demand, CEO Jonathan Webb said at the time. . Its a technical formula, Eggleton said. On March 23, 2021, the Compensation Jonathan Webb. to Section 13(a) of the Exchange Act. The state has committed to opena Dutch representative office in Kentucky to attractinvestment to the state by Dutch companies. Each eligible employee will be assigned an individual incentive The first AppHarvest tomatoes were delivered to grocery stores last year. 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). 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. Company Overview. Help other job seekers by rating AppHarvest. AppHarvest's flagship 60-acre indoor farm in Morehead, Ky., produces non-GMO sustainably grown tomatoes that are available in more than 1,000 top national grocery stores and food service outlets. But you know, things happen all the time, he said. "This is so pivotal because" of the potential to build a new future for Kentucky, Webbsaidduring a morning video announcement with the Netherlands' top agricultural minister, contractor company executivesandcollege administrators. 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. There are large conglomerates in auto manufacturing. 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. 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. . AppHarvest has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. That includes businesswoman and celebrity Martha Stewart, who Webb said hasjoined the company board of directors. 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. 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 ", "AppHarvest recorded a $166 million loss in 2021. He has been a Director at AppHarvest, Inc. since January 2018. 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. Please help us protect Glassdoor by verifying that you're a Salary Company Earnings; Sep 30 2022: n/a: n/a-US$172m AppHarvest Founder and CEO Jonathan Webb, a solar industry veteran, knew he had to do something to help his hometown community. We hope that they are able to prosper.. The company has cumulatively spent at least $641 million for operations and fixed assets since 2018, when it incorporated, according to public filings. 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.. Facebook gives people the power to share and makes the. 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. except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. The 2021 incentive targets for the Companys current 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. Its unfortunate, said Jonathan Webb, AppHarvests founder and chief executive officer, in an interview with the Herald-Leader. The Cash Incentive Plan provides by the Committee from time to time. ValueAct Capital Co-founder and CEO Jeffrey W. Ubben also announced he would join AppHarvest's Board of Directors. For more information, contact opendata@sec.gov. Here are further demographic highlights of the leadership team: The AppHarvest executive team is 45% female and 55% male. 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. 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. EMPLOYMENT AGREEMENT . AppHarvest has 78 employees, of which 30 are in a leadership position. Plan) which will govern the terms of annual cash incentive awards granted to eligible employees of the Company, as determined
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