This information is according to proxy statements filed for the fiscal year. The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 Location. Winds light and variable.. A clear sky. AppHarvest says it never misled anyone. AppHarvest's (APPH) CEO Jonathan Webb on Q1 2021 Results - Earnings Call Transcript May 17, 2021 12:38 PM ET AppHarvest, Inc. (APPH) SA Transcripts 128.21K Follower s Play Earnings Call. Here are further demographic highlights of the leadership team: The AppHarvest executive team is 45% female and 55% male. 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. Liz Moomey is a Report for America Corps member covering Eastern Kentucky for the Lexington Herald-Leader. 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. 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. 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 . The bounty -- sold in grocery retailers like Kroger, Publix, Jonathan Webb, Founder and CEO of AppHarvest, joins the show to talk about the sustainable food company that is designed to grow non-GMO, chemical pesticide-free produce, using only recycled rainwater at some of the world's largest indoor farms. Act of 1934 (240.12b-2 of this chapter). message, please email 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. By JEFF McMURRAY Sorry, there are no recent results for popular videos. AppHarvest has 78 employees, of which 30 are in a leadership position. Departing the companys executive offices this month are President David Lee, formerly of Impossible Foods, and Chief Operating Officer Julie Nelson, formerly of PepsiCo. . 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. 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 scaling up the Morehead facility to 400 employees. The information shown here is a reporting of information included in the company's proxy statement. Instead, it will focus on trying to turn a profit over the next few years at its three existing farms, in Morehead, Berea and Somerset, and a fourth, in Richmond, that should be operating soon. have filed five federal lawsuits against AppHarvest in the last 15 months. What to know, Are you prepared for a tornado? When we spoke on the phone, AppHarvest had just completed planting of its first crop of tomatoes. Sorry, there are no recent results for popular commented articles. 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. We hope that they are able to prosper.. Prior to his work with Nissan, Travis held public relations leadership roles at General Motors, Ally Financial, Pulte Homes and Lockheed Martin. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this years first quarter. 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. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Loren joined AppHarvest in 2019, bringing more than 13 years of experience in finance and accounting. $357,640 per year. The unveilingwas the culmination of months of discussions, includingtravel to the Netherlands by U.S. Agriculture Secretary Sonny Perdue, before coronavirus outbreaksarrived in Europe and this country. Its a technical formula, Eggleton said. Claiming and updating your company profile on Zippia is free and easy. $20.64 per hour. We're building a sustainable, homegrown food supply that's accessible to all, all year long. Jonathan Webb is the Founder & CEO at AppHarvest. 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. Insider Sales APPH / Appharvest Inc - Short Term Loss Analysis. 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. It is illegal for insiders to make trades in their companies based on specific, non-public information. How much do AppHarvest Marketing jobs pay? appropriate or equitable. Groups of shareholders including a public pension fund in Plymouth, Mass. Were releasing the race cars onto the track, but were still kind of in ramp-up mode on the race cars, he said. 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 . Winds approaching hurricane force are blowing across Kentucky. 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. At least 4 deaths; power outages climb. AppHarvest's farms are designed to grow non-GMO produce using . 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. 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. The employee data is based on information from people who have self-reported their past or current employments at AppHarvest. AppHarvest is in the internet software & services industry. Committee of the Board (the Committee) adopted an Employee Cash Incentive Plan (the Cash Incentive Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Snapshot Industry Manufacturing & Automotive Market Cap $64 million Net Income. prorated for any partial months of service, with the first payment being retroactive to January 29, 2021. Exchange Act of 1934, Date of Report (Date of earliest event reported): 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. AppHarvest Founder and CEO Jonathan Webb speaks during groundbreaking for the new facility located in Shopville, on June 21, 2021. AppHarvest closed its $1 billion SPAC deal and began trading as a public company Monday. We prioritize direct shipping and reduce transportation fuel by up to 80% compared to produce from Mexico or the U.S. Southwest. to Section 13(a) of the Exchange Act. The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer. While acknowledging the headwinds it has faced, AppHarvest says it accurately explained its financial condition and the risks to investors. United States. 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. Andy Beshear and U.S. Rep. Andy Barr, R-Lexington, were among the dignitaries who attended the farms heavily publicized opening last month. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The Cash Incentive Plan provides 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 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. 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. When Webb gave optimistic interviews, such as describing the good, healthy, consistent supply of tomatoes, that was not fraud by any legal definition, the company said. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Have you worked at AppHarvest? He's not letting it distract from realities on the ground, in the eastern Kentucky mountains. per informarci del problema. . UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA, Your California Privacy Rights / Privacy Policy. We dont wait at borders. Administrative Assistance. the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 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. "What we're doing here has really caught the attention of people around the world.". In May 2019, AppHarvest closed an $82 million deal with Equilibrium Capital to build its first greenhouse. We are sorry for the inconvenience. AppHarvest Inc (NASDAQ:APPH) . Director Compensation Policy, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. Besides a$97 million greenhouse projectscheduled to open this fall, companyfounder Jonathan Webb, Dutch leadersand Gov. Loren holds a bachelors degree in accounting from the University of Kentucky and a masters in accounting from the University of Notre Dame. of Directors (the Board) of AppHarvest, Inc. (the Company) adopted and approved 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. 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. The 2021 incentive targets for the Companys current The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020. For more information, contact opendata@sec.gov. 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 Mr. Jonathan Webb is Founder and Chief Executive Officer at AppHarvest, Inc since January 2018 and is its Chairman of the Board. excuses voor het ongemak. 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. The company has cumulatively spent at least $641 million for operations and fixed assets since 2018, when it incorporated, according to public filings. employee will be assigned an individual incentive target expressed as a percentage of the employee's annual base salary . Winds light and variable. $47,691 per year. Another grower, Kentucky Fresh Harvest, is working on 30-acre greenhouse development in Stanford. Popular Jobs. "We're collecting data all through the . 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. verdade. 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.. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. . As far as to your question of where well be in 25 and 26, weve kind of cut out the long-term discussion of the company. But I would say if you let the past be a predictor of the future, we started with absolutely nothing two and a half years ago and weve built eight million square feet of stuff. AppHarvest discloses substantial doubt about its future, Southern Kentucky Health & Family Magazine, Braiden Myers signs with the University of Kentucky, Potential severe weather forces postponement of, Pulaski County overcomes slow start, takes down, Jaclyn Davis signs with the University of the C. 2023 www.courier-journal.com. One salary reported. Paid express lanes grow more popular in once-reluctant South. para informarnos de que tienes problemas. 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. AppHarvest expected to sell $20 million to $25 million this year but have. The leadership remained optimistic about the long-term operations of the company. 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. AppHarvest isn't the only company diving into greenhouses, and trying to captureto the Eastern Seaboard. Lamentamos pelo inconveniente. 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. scusiamo se questo pu causarti degli inconvenienti. 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. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. The problems are fixable, AppHarvest President David Lee said. Als u dit bericht blijft zien, stuur dan een e-mail AppHarvest competitors include powergrow. Si continas recibiendo este mensaje, infrmanos del problema Emily joined AppHarvest in 2022, bringing nearly 10 years of experience in human resources. Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. Reference ID: 0.8decc017.1677933561.2c6dde87. But you know, things happen all the time, he said. The company also closed a separate Series A funding round led by ValueAct Spring Fund. We would like to show you a description here but the site won't allow us. United States. There are large conglomerates in auto manufacturing. AppHarvest, the ambitious Morehead-based produce company that planned to open twelve huge, high-tech, indoor farms across Central Appalachia by 2025, told investors last month that its running out of cash. She replaced COO Marcella Butler, who was demoted in April 2021 after five months and terminated four months later. EMPLOYMENT AGREEMENT . Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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. Disculpa Webb attributed the quality problems to scaling up the Morehead facility to 400 employees. ValueAct Capital Co-founder and CEO Jeffrey W. Ubben also announced he would join AppHarvest's Board of Directors. Lee, who will keep a seat on the AppHarvest board of directors, lasted less than two years in his job. copy of which is attached hereto as Exhibit 10.2 and is incorporated herein by reference. 1 quality required by Mastronardi for distribution to Kroger, Wendys and other national retailers, so they were rejected. By using this site, you are agreeing to security monitoring and auditing. AppHarvest Financial Performance 9.6 Performance Score Item 9.01 Financial Statements and Exhibits. 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. questo messaggio, invia un'email all'indirizzo The investment pool focuses on promising technology and new. All proxy statements are public filings made available to the general public by the SEC. The data presented on this page does not represent the view of AppHarvest and its employees or that of Zippia. los inconvenientes que esto te pueda causar. amounts will be payable in equal quarterly installments in arrears following the end of each fiscal quarter in which the service occurs, Plan) which will govern the terms of annual cash incentive awards granted to eligible employees of the Company, as determined AppHarvest expected to sell $20 million to $25 million this year but have scaled back their targets to $7 million to $9 million. Help other job seekers by rating AppHarvest. CHECK AVAILABILITY AT A GLANCE VIDEOS BIOGRAPHY TOPICS RELATED CHECK AVAILABILITY Jonathan Webb BROWSE 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 AppHarvest Founder and CEO Jonathan Webb, a solar industry veteran, knew he had to do something to help his hometown community. 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. AppHarvest is ranked #71 on the Best Companies to Work For in Kentucky list. And were just trying to make the hard decisions fast on, how do we get the company set up for success?. 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. As one of the newest businesses at the forefront of Agtech, AppHarvest (APPH-7.84%) . Job Title. Item 5.02 Departure of Directors or Certain Two private companies also have launched large indoor grow operations in Ohio. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. 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. This story was originally published August 12, 2021, 2:46 PM. 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. 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. Support strong local journalism by subscribing today: courier-journal.com/graces. to let us know you're having trouble. 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. Webb said the company has ample funds for the construction of future farms. Nelson lasted 15 months. 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. Si continas viendo este mensaje, Heres some tips to shelter at home and stay safe, Lexington doctor took part in Medicare fraud of more than $28 million, indictment says, Kentucky man who died at W. Va. coal mine was thrown from bulldozer as it rolled. "The facility itself is really living while the plants are living," explains Jonathan Webb, AppHarvest's CEO. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. 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. 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 . Jonathan Webb. 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. 2024 is gonna look a lot different than 2022, the CEO said. Money went to 30 non-profits, about hundred small businesses, and 200 farmers. Company Overview. 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 Coronavirus Tips Working and Protection. 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 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. , except that Jonathan Webb, the Company's Chief Executive Officer, is not eligible to participate for the 2021 performance period. a Non-Employee Director Compensation Policy (the Non-Employee Director Compensation Policy). Plan, the participant must generally remain employed and in good standing with the Company through the date of payment. 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. AppHarvest has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. 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. 1001 and 1030). 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. 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.