Farmer Bros Names Wahba to Board as Director; Will Not Pay Q2 Dividend


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Farmer Bros. Co.(Nasdaq: FARM) announced today that Jeffrey A. Wahba, Interim Co-ChiefExecutive Officer, Treasurer and Chief Financial Officer has been appointed asClass I director on the Company's Board of Directors to fill the vacancy leftby the Company's former director, President and Chief Executive Officer, Mr.Roger M. Laverty, III, who stepped down on June 30, 2011. Mr. Wahba will serveas a Class I director through the remainder of Mr. Laverty's term; provided ifthe Board appoints someone other than Mr. Wahba to the position of permanentsole Chief Executive Officer or Mr. Wahba ceases to serve as Co-ChiefExecutive Officer, Mr. Wahba has agreed to step down as a director at thattime.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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