";s:4:"text";s:23200:"Its a technical formula, Eggleton said. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Anything we do going forward will never be as hard as what weve already done on the development side, he added. Si continas viendo este mensaje, 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 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. Jonathan Webb. AppHarvest is pausing its plan to build a dozen indoor farms. On March 23, 2021, the Board Wenn 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 first AppHarvest tomatoes were delivered to grocery stores last year. But you know, things happen all the time, he said. Date Total Comp. Se continui a visualizzare A look at forecast, timeline. All rights reserved. POLL QUESTION: Which team will win the Boys Basketball 12th Region Tournament? An agreement signed Wednesday between the parties would create a series of research programs into sustainable agriculture and a center for excellence to boostagricultural innovation and new technologies. 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. Marketing. Inside, you'll find row after row of tomatoes. Any person who has joined this company has been wildly talented and has put a lot into the company. Real-time updates and all local stories you want right in the palm of your hand. It's a big opportunityto bring "together types of science that I'm not sure that we have seen in Kentucky. Director Compensation Policy, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The company blames supply chain-related delays in opening three new farms. Coronavirus Tips Working and Protection. The investment pool focuses on promising technology and new companies in middle America, which Case has argued are too often passed over in favor ofSilicon Valley and East Coast tech hubs. The Please declare your traffic by updating your user agent to include company specific information. AppHarvest said it is partnering with Mastronardi Produce to form FarmCom, which will build, buy and operate new high-tech greenhouses and expand production throughout the U.S. AppHarvest will contribute $10 million in cash. 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 The average AppHarvest salary ranges from approximately $31,291 per year for Packer to $108,991 per year for Sanitation Worker. He has a bachelors degree in business from the University of Kentucky. excuses voor het ongemak. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Jonathan Webb is the Founder & CEO at AppHarvest. 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. 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. 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. to let us know you're having trouble. Inside, you'll find row after row of tomatoes. 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. $20.64 per hour. United States. "The facility itself is really living while the plants are living," explains Jonathan Webb, AppHarvest's CEO. 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. Vance, although Vance quit as he became more controversial during his Republican campaign for the U.S. Senate in Ohio. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie have filed five federal lawsuits against AppHarvest in the last 15 months. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de naar Gov. At times, the company had to bring in contract labor from outside the region, according to the suits. AppHarvest stock plummeted afterward. At least 4 deaths; power outages climb. How much do AppHarvest employees make? Webb's sprawling Appalachia dream has been featured on CBS' 60 Minutes and in major newspapers across the country. Snapshot Industry Manufacturing & Automotive Market Cap $64 million Net Income. As one of the newest businesses at the forefront of Agtech, AppHarvest (APPH-7.84%) . . Support strong local journalism by subscribing today: courier-journal.com/graces. There's a lot of hard work to bring it all to fruition, he said. 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. Appharvest, Inc. : Change in Directors or Principal Officers (form 8-K) AQ. Besides a$97 million greenhouse projectscheduled to open this fall, companyfounder Jonathan Webb, Dutch leadersand Gov. AppHarvest expected to sell $20 million to $25 million this year but have. CHECK AVAILABILITY AT A GLANCE VIDEOS BIOGRAPHY TOPICS RELATED CHECK AVAILABILITY Jonathan Webb BROWSE para nos informar sobre o problema. 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. AppHarvest projects $350 million to $400 million in net sales in 2025. 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 . That includes businesswoman and celebrity Martha Stewart, who Webb said hasjoined the company board of directors. 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 [5] has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant The farms grow tomatoes, leafy greens for salads and berries. That seemed to be a thinly veiled reference to a controversial $15 million stake the state took in Braidy Industries' planned aluminum rolling mill in Greenup County. The nation, which is roughly a third the land mass of Kentucky, has a network of 10,000 companies tied to its greenhouses. Aydanos a proteger Glassdoor y demustranos que eres una persona real. David Lee, as well as the AppHarvest CEO and Founder Jonathan Webb on the show in prior, I believe prior . 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. Those are set to be completed by mid-2022. para informarnos de que tienes problemas. Today on Work In Progress, Sophia is joined by Jonathan Webb (@webbjonathan). This page provides a comprehensive analysis of the known insider trading history of Jonathan Webb. This United States corporation or company article is a stub. Any cash incentive awards that become payable under the Cash Incentive Plan will generally be paid no She is based in Pikeville. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. We prioritize direct shipping and reduce transportation fuel by up to 80% compared to produce from Mexico or the U.S. Southwest. 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. Of this total $0 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. AppHarvest has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 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. Please help us protect Glassdoor by verifying that you're a The chart on this page features a breakdown of the total annual pay for , at APPHARVEST INC as reported in their proxy statements. The employee data is based on information from people who have self-reported their past or current employments at AppHarvest. We are sorry for the inconvenience. Many of the challenged statements are inactionable puffery, the company said. Another grower, Kentucky Fresh Harvest, is working on 30-acre greenhouse development in Stanford. 1001 and 1030). enviando un correo electrnico a AppHarvest expected to sell $20 million to $25 million this year but have scaled back their targets to $7 million to $9 million. 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. Here are a few more takeaways from Webb's session: An . The Kentucky-based company went public in February, joining Nasdaq at APPH. AppHarvest CEO Jonathan Webb has given dozens of interviews to promote the company. The foregoing description 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. message, please email Were disappointed with these results, but the good news is that prevailing market prices for tomatoes have already rebounded from the lows we experienced in the second quarter, Lee said. To raise the necessary capital for its next 12 months an estimated $85 million to $95 million AppHarvest hopes to sell its 15-acre Berea farm to its distributor, Mastronardi Produce Limited, and then lease back the facility. An Appalachian native, he holds a bachelors degree in communications from the University of Tennessee and a masters in communications management from the Newhouse School of Public Communications at Syracuse University. Designed to grow non-GMO, chemical pesticide-free produce, the indoor farms use up to 90 percent less water than open-field . On today's show, AppHarvest Founder & CEO Jonathan Webb talks about AgTech (agriculture tech), the third wave of sustainable infrastructure. In May 2019, AppHarvest closed an $82 million deal with Equilibrium Capital to build its first greenhouse. She replaced COO Marcella Butler, who was demoted in April 2021 after five months and terminated four months later. AppHarvest's farms are designed to grow non-GMO produce using . Claiming and updating your company profile on Zippia is free and easy. AppHarvest, Inc. is an American food production company developing and operating indoor farms in Appalachia. As Chief Executive Officer at AppHarvest, Inc., Jonathan Webb made $33,087,859 in total compensation. Join Facebook to connect with Jonathan Webb and others you may know. The company also closed a separate Series A funding round led by ValueAct Spring Fund. to Section 13(a) of the Exchange Act. Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Gov. 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. Prior to his work with Nissan, Travis held public relations leadership roles at General Motors, Ally Financial, Pulte Homes and Lockheed Martin. the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Onze Celebrities on the board of directors included lifestyle entrepreneur Martha Stewart and investor and Hillbilly Elegy author J.D. By using this site, you are agreeing to security monitoring and auditing. The four-farm network consists of 165 acres under glass. The applied technology company is developing and operating some of the world's largest high-tech indoor farms. We hope that they are able to prosper.. Tony joined AppHarvest following a nearly 12-year career with Windset Farms, one of the largest CEA producers and marketers of indoor-grown crops in North America with more than 250 acres in the U.S. and Canada. Overall, the goal is to create an ecosystem similar to what's been developed over decades in the Netherlands' greenhouse industry. 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. 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. And were just trying to make the hard decisions fast on, how do we get the company set up for success?. This report is not for commercial use. Its not any persons fault, Webb said. The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky. 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 also held a telethon raising nearly $1.3-million to help with flood relief. 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 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 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. Plan) which will govern the terms of annual cash incentive awards granted to eligible employees of the Company, as determined 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. 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 . 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. But AppHarvest actually has built farms, hired people and started to deliver produce to market, Webb said. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. If the companys stock trades below $1 for more than 30 consecutive days, it can be dropped from the NASDAQ. Act of 1934 (240.12b-2 of this chapter). Lamentamos 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. Over the last four quarters, AppHarvest's revenue has decreased by 82.9%. Lamentamos pelo inconveniente. Als u dit bericht blijft zien, stuur dan een e-mail Exchange Act of 1934, Date of Report (Date of earliest event reported): Winds light and variable.. A clear sky. [8] [9] 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. 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 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, 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. 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. It has filed motions to dismiss the shareholder suits. Administrative Assistance. March 23, 2021, (Exact name of registrant as specified in its How has Jonathan Webb's remuneration changed compared to AppHarvest's earnings? Benefits information is taken from job posted on Indeed. Common benefits at AppHarvest. Associated Press. The problems are fixable, AppHarvest President David Lee said. You have permission to edit this article. 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. 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. The Company desires to continue to employ Employee and, in connection therewith, to compensate . later than 90 days following the end of the applicable performance period. 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. positions our company to be a global leader in this industry," said Jonathan Webb, founder and CEO of AppHarvest. PU. Two private companies also have launched large indoor grow operations in Ohio. adjusted EBITDA and improvement in the Companys benefit corporation certification score, as well as individual performance goals. will be described in the Companys annual proxy statement filed in 2022. Paid express lanes grow more popular in once-reluctant South. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. The information shown here is a reporting of information included in the company's proxy statement. One salary reported . Based on our data team's research, Jonathan Webb is the AppHarvest's CEO. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. ", "AppHarvest recorded a $166 million loss in 2021. 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. Insiders are officers, directors, or significant investors in a company. enva un correo electrnico a 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. Caso continue recebendo esta mensagem, , except that Jonathan Webb, the Company's Chief Executive Officer, is not eligible to participate for the 2021 performance period. 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. The Cash Incentive Plan provides Plan, the participant must generally remain employed and in good standing with the Company through the date of payment. Six Dodge Challenger Hellcats stolen off local Don Franklin car lot, Cooper Center up for sale but current residents not gone just yet, Local musician Trammell an 'American Idol' hopeful, Fiscal Court grapples over Sheriff Deputies' pay, Pulaski County overcomes slow start, takes down Titans in opening round of regional tourney, Ay, There's the Rub (and Sauce): Baney's Bangin' BBQ is a sweet success story for Jones, Frozen assets: Money raised from skating rink goes to good cause, Girls' 12th Region Hall of Fame class and All-Region Teams announced. by the Committee from time to time. Sorry, there are no recent results for popular videos. Were releasing the race cars onto the track, but were still kind of in ramp-up mode on the race cars, he said. a Non-Employee Director Compensation Policy (the Non-Employee Director Compensation Policy). Loren holds a bachelors degree in accounting from the University of Kentucky and a masters in accounting from the University of Notre Dame. 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. AppHarvest sets fourth quarter 2022 and full-year 2022 earnings call on March 9, 2023. per informarci del problema. . The leadership remained optimistic about the long-term operations of the company. 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.. 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