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Common benefits at AppHarvest. Jonathan Webb. Jonathan Webb's Post Jonathan Webb CEO at AppHarvest 1y "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. More news:UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA. Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. [1] AppHarvest's greenhouses aim to primarily use sunlight in lieu of LEDs for growing plants hydroponically. How much do AppHarvest employees make? The Committee (or its delegate) will administer the Cash Incentive Plan and will have the authority to determine all of the awards granted envie um e-mail para AppHarvest also held a telethon raising nearly $1.3-million to help with flood relief. AppHarvest has certainly turned heads, Quarles said. We talk about how, at current rates of production, we'll need two earths to provide the needed supply of food by 2050 -- and about how Jonathan is tackling that plus other systemic issues like hunger despite supply. 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. Jonathan Webb is on Facebook. 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. 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. 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. Date Total Comp. Pursuant to Section 13 or 15(d) of the Securities Executive Assistant. 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. The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this year's first quarter. The foregoing description In order to receive an award under the Cash Incentive AppHarvest has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. If youre asking today, were going to focus on saying, lets get these four farms up and running in 2023, and month by month in 2023, well continue to evaluate options to expand the business, Webb said. Winds light and variable.. A clear sky. Andy Beshear, Sen. Hal Rogers, and AppHarvest CEO Jonathan Webb spoke during a groundbreaking ceremony at the site of AppHarvests new facility in Somerset, Ky., Monday, June 21, 2021. to Section 13(a) of the Exchange Act. 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. Administrative Assistance. The cars are really going to be driving by the end of 23 going into 24. A look at forecast, timeline. 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. 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. He has been a Director at AppHarvest, Inc. since January 2018. [3][4], 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. 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. have filed five federal lawsuits against AppHarvest in the last 15 months. Appharvest has nearly 700 workers as of this month, he said. You have permission to edit this article. 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. None of the information on this page has been provided or approved by AppHarvest. 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. Committee may modify and/or adjust the performance goals or the related level of achievement, in whole or in part, as it deems 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. ", "AppHarvest recorded a $166 million loss in 2021. It's about finding the next way to not just grow food, but to grow food in a sustainable way.". 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. Liz Moomey is a Report for America Corps member covering Eastern Kentucky for the Lexington Herald-Leader. For more information, please see the SECs Web Site Privacy and Security Policy. 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. Administrative Assistance. However, reality has proven far less bullish. Benefits information is taken from job posted on Indeed. APPHARVEST INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. CHECK AVAILABILITY AT A GLANCE VIDEOS BIOGRAPHY TOPICS RELATED CHECK AVAILABILITY Jonathan Webb BROWSE AppHarvest is ranked #71 on the Best Companies to Work For in Kentucky list. 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. 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. United States. 2023 www.courier-journal.com. 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. 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. Best Internet Companies to Work For in Kentucky, Best Companies to Work For in Morehead, KY, AppHarvest Industrial Maintenance Technician Jobs. 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. 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. 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. Its unfortunate, said Jonathan Webb, AppHarvests founder and chief executive officer, in an interview with the Herald-Leader. 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. Webb also announced plans for selling tomato-based products like salsa and Bloody Mary mix next year. Note: We do not offer technical support for developing or debugging scripted downloading processes. The nation, which is roughly a third the land mass of Kentucky, has a network of 10,000 companies tied to its greenhouses. AppHarvest's farms are designed to grow non-GMO produce using . . 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. AppHarvest Founder|CEO Jonathan Webb will lead the Indoor Ag-Con keynote , "How Tech In Farming Can Build A Resilient Food System," on Feb 28, 2022 at 11 am 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? UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA, Your California Privacy Rights / Privacy Policy. It has filed motions to dismiss the shareholder suits. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this years first quarter. But AppHarvest actually has built farms, hired people and started to deliver produce to market, Webb said. We hope that they are able to prosper.. As one of the newest businesses at the forefront of Agtech, AppHarvest (APPH-7.84%) . He has been a Director at AppHarvest, Inc. since January 2018. 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. In its Nov. 7 filing, AppHarvest reported net losses of $83 million for the first nine months of the year and net sales of $10 million, with an accumulated deficit of $270 million. . 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. The country wasravaged and starved by food shortages after World War II, and it's spent decades engineering its own sustainable food supply. The four-farm network consists of 165 acres under glass. real person. Gov. 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. employee will be assigned an individual incentive target expressed as a percentage of the employee's annual base salary . Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. The farms grow tomatoes, leafy greens for salads and berries. Insurance. adjusted EBITDA and improvement in the Companys benefit corporation certification score, as well as individual performance goals. 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 . per informarci del problema. Emily joined AppHarvest in 2022, bringing nearly 10 years of experience in human resources. Please enable Cookies and reload the page. Check the appropriate box below if the Form 8-K filing is intended Southern states are more frequently turning to pay-to-use express lanes as a way to address highway congestion without raising taxes. The data presented on this page does not represent the view of AppHarvest and its employees or that of Zippia. 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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. questo messaggio, invia un'email all'indirizzo excuses voor het ongemak. Have you worked at AppHarvest? AppHarvest is a sustainable food company in Appalachia developing and operating some of the worlds largest high-tech indoor farms with robotics and artificial intelligence to build a reliable, climate-resilient food system. 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. 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. para nos informar sobre o problema. The state has committed to opena Dutch representative office in Kentucky to attractinvestment to the state by Dutch companies. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Meanwhile, top executives were being awarded millions of dollars in compensation, the suits allege. Gov. Mr. Jonathan Webb is Founder and Chief Executive Officer at AppHarvest, Inc since January 2018 and is its Chairman of the Board. It's a big opportunityto bring "together types of science that I'm not sure that we have seen in Kentucky. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. Pursuant to the requirements of the Securities Exchange Act of 1934, 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. High 59F. Popular Jobs. los inconvenientes que esto te pueda causar. Webb attributed the quality problems to scaling up the Morehead facility to 400 employees. Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. The investment pool focuses on promising technology and new. 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. AppHarvest Founder and CEO Jonathan Webb speaks during groundbreaking for the new facility located in Shopville, on June 21, 2021. Two private companies also have launched large indoor grow operations in Ohio. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . CEO Jonathan Webb explained how it grew from a $250,000 seed round to a public company in three years. 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 Non-Employee Director Compensation Policy, non-employee directors will receive the following compensation for service on the Board: The annual cash compensation "What we're doing here has really caught the attention of people around the world.". AppHarvest stock plummeted afterward. APPHARVEST INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Beshear indicated that the state eventually may provide incentives, but it won't involve a taxpayer-funded investment as seen during "the last administration." 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. PU. As at APPHARVEST INC, made $0 in total compensation. AppHarvest isn't the only company diving into greenhouses, and trying to captureto the Eastern Seaboard. Communications Officer. But you know, things happen all the time, he said. Inside, you'll find row after row of tomatoes. 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. Coronavirus Tips Working and Protection. 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. enviando un correo electrnico a The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky. each annual performance period, the Committee will determine achievement of the Company and individual performance goals. Posted in Press Releases. enva un correo electrnico a AppHarvest Inc (NASDAQ:APPH) . Sorry, there are no recent results for popular commented articles. Today on Work In Progress, Sophia is joined by Jonathan Webb (@webbjonathan). Appharvest, Inc. : Change in Directors or Principal Officers (form 8-K) AQ. I mean, look at GM, for example, and all the different auto brands inside of GM. The Company desires to continue to employ Employee and, in connection therewith, to compensate . We just have to prove ourselves, Webb said. It would have been evident to the ordinary investor that AppHarvest would encounter problems with labor and tomato quality and yield.. By JEFF McMURRAY We cannot build and grow fast enough to meet market demand, CEO Jonathan Webb said at the time. AppHarvest CEO Jonathan Webb has given dozens of interviews to promote the company. Marketing. 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. 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 state will provide only performance-based incentives tied to jobs and the overall investment in the project, he said. But that will change shortly, Webb said. People in Eastern Kentucky are understandably skeptical about companies that come into the region and make promises about jobs, Webb said. One salary reported. He's not letting it distract from realities on the ground, in the eastern Kentucky mountains. Overall, the goal is to create an ecosystem similar to what's been developed over decades in the Netherlands' greenhouse industry. Nous sommes dsols pour la gne occasionne. 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. Insiders are officers, directors, or significant investors in a company. area code: (606) 653-6100, (Former Name or Former Address, if Changed Since Last Report). Support strong local journalism by subscribing today: courier-journal.com/graces. 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. On March 23, 2021, the Board This story was originally published August 12, 2021, 2:46 PM. 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 has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. Sometimes the pieces just dont fit together as were building a team. Winds approaching hurricane force are blowing across Kentucky. Ci 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. The Companys named executive officers are eligible to participate in the Cash Incentive Plan, The suits cite the eyewitness accounts of six unnamed confidential witnesses who allegedly held different jobs inside AppHarvest during 2021. At Windset, he supported both significant infrastructure and revenue growth. I dont even believe it yet. 11th Region shocker dethrones perennial champion. Act of 1934 (240.12b-2 of this chapter). There are large conglomerates in auto manufacturing. United States. All proxy statements are public filings made available to the general public by the SEC. In May 2019, AppHarvest closed an $82 million deal with Equilibrium Capital to build its first greenhouse. Onze Inside, you'll find row after row of tomatoes. This United States corporation or company article is a stub. "We're collecting data all through the . Money went to 30 non-profits, about hundred small businesses, and 200 farmers. As Chief Executive Officer at AppHarvest, Inc., Jonathan Webb made $33,087,859 in total compensation. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Paid express lanes grow more popular in once-reluctant South. The 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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 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 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. Live updates: Historical windstorm blows in. On March 23, 2021, the Compensation One salary reported . Thats right 70% of the U.S. population is within a days drive, which means our produce can be picked riper and delivered to stores near you within a day. Real-time updates and all local stories you want right in the palm of your hand. "Our favorable crop yields and market pricing. If the companys stock trades below $1 for more than 30 consecutive days, it can be dropped from the NASDAQ. 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. 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. Facility Coordinator. message, please email 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 . 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. The first AppHarvest tomatoes were delivered to grocery stores last year. EMPLOYMENT AGREEMENT . AppHarvest has 78 employees, of which 30 are in a leadership position. 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 . AppHarvest sold 8.6 million pounds of tomatoes in the second quarter, an increase of 4.8 million pounds from the first quarter. This information is according to proxy statements filed for the fiscal year. Exhibit 10.24 . Location. If an emerging growth company, indicate by check mark if the registrant 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.