02/21. appropriate or equitable. 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. Webb said the company has ample funds for the construction of future farms. 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 United States. Mr. Jonathan Webb is Founder and Chief Executive Officer at AppHarvest, Inc since January 2018 and is its Chairman of the Board. Real-time updates and all local stories you want right in the palm of your hand. except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. AppHarvest Founder and CEO Jonathan Webb will lead the Indoor Ag-Con keynote presentation, "How Tech In Farming Can Build A Resilient Food System," on Monday, February 28, 2022 from 11:00 am - 11:50 am. Help us make this company more transparent. AppHarvest says it never misled anyone. There are large conglomerates in auto manufacturing. 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. Liz Moomey is a Report for America Corps member covering Eastern Kentucky for the Lexington Herald-Leader. Company Overview. 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. On March 23, 2021, the Board That includes businesswoman and celebrity Martha Stewart, who Webb said hasjoined the company board of directors. Insiders are officers, directors, or significant investors in a company. March 23, 2021, (Exact name of registrant as specified in its Committee of the Board (the Committee) adopted an Employee Cash Incentive Plan (the Cash Incentive Disculpa Nous sommes dsols pour la gne occasionne. Location. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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. Inside, you'll find row after row of tomatoes. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . 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. 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.. 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. by the Committee from time to time. 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. UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA, Your California Privacy Rights / Privacy Policy. AppHarvest acquired Root AI, an agricultural robotics and artificial intelligence company that helps manage high-tech indoor farms, in April to collect data while harvesting. . 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. 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. 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. How experienced are the management team and are they aligned to shareholders interests? 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. When we spoke on the phone, AppHarvest had just completed planting of its first crop of tomatoes. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. One salary reported. named executive officers are as follows: Following the end of AppHarvest isn't the only company diving into greenhouses, and trying to captureto the Eastern Seaboard. Winds light and variable.. A clear sky. Check the appropriate box below if the Form 8-K filing is intended Si vous continuez voir ce I think were still going to have that AppHarvest story and that AppHarvest name, he said. 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. Date Total Comp. AppHarvest is ranked #71 on the Best Companies to Work For in Kentucky list. In order to receive an award under the Cash Incentive For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Insurance. Note: We do not offer technical support for developing or debugging scripted downloading processes. Common benefits at AppHarvest. 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. The suits cite the eyewitness accounts of six unnamed confidential witnesses who allegedly held different jobs inside AppHarvest during 2021. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Prior to his work with Nissan, Travis held public relations leadership roles at General Motors, Ally Financial, Pulte Homes and Lockheed Martin. High 59F. Designed to grow non-GMO, chemical pesticide-free produce, the indoor farms use up to 90 percent less water than open-field . 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. Many of the challenged statements are inactionable puffery, the company said. APPHARVEST INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. We hope that they are able to prosper.. Join Facebook to connect with Jonathan Webb and others you may know. 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. The pandemic has only amplified the need for long-term planning for food and energysustainability, Webb said, and it's clearly resonating. real person. Winds light and variable. AppHarvest competitors include powergrow. Net losses also will be worse than originally forecast, the company says. In just the last few years, Braidy Industries failed to build an aluminum mill near Ashland despite $15 million in state investments and EnerBlu dropped plans for a battery plant in Pikeville. to let us know you're having trouble. PU. "We're collecting data all through the . Webb's sprawling Appalachia dream has been featured on CBS' 60 Minutes and in major newspapers across the country. We dont wait at borders. the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 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. 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. to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant is an emerging growth However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Employee is employed by the Company as its Chief Executive Officer. 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. It has filed motions to dismiss the shareholder suits. The first AppHarvest tomatoes were delivered to grocery stores last year. Thank you for your interest in the U.S. Securities and Exchange Commission. ein Mensch und keine Maschine sind. AppHarvest's farms are designed to grow non-GMO, harsh chemical pesticide-free produce using sunshine, 100% recycled . University of Kentucky Bachelor of Business Administration Major in Marketing Recent News and Activity Number of News Articles 30 News Jul 6, 2021 Coronavirus Tips Working and Protection. Posted in Press Releases. By JEFF McMURRAY envie um e-mail para 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. Jonathan Webb is the Founder & CEO at AppHarvest. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. He's not letting it distract from realities on the ground, in the eastern Kentucky mountains. 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. Exchange Act of 1934, Date of Report (Date of earliest event reported): I dont even believe it yet. 11th Region shocker dethrones perennial champion. 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. 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. More news:UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA. A headliner event at the February 28 - March 1, 2022 edition of the trade show and conference for the indoor . Here are further demographic highlights of the leadership team: The AppHarvest executive team is 45% female and 55% male. This story was originally published August 12, 2021, 2:46 PM. 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 The Cash Incentive Plan provides As one of the newest businesses at the forefront of Agtech, AppHarvest (APPH-7.84%) . The employee data is based on information from people who have self-reported their past or current employments at AppHarvest. 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? 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. The foregoing description Before founding AppHarvest, Webb worked with the U.S. Department of Defense on one of the largest solar projects in the Southeastern U.S., to ensure that the military's hundreds of installations develop resilient on-site power generation and receive 20% of their electricity from renewable sources by 2025. Some clouds this morning will give way to generally sunny skies for the afternoon. AppHarvest is a small internet company based in Kentucky with only 78 employees and an annual revenue of $8.5M. You have permission to edit this article. 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. Those are set to be completed by mid-2022. Location. 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. However, given the financial challenges facing the company, his original plan to open 12 mega-farms by 2025 is off the table for now, he said. Beshear told reporters in Frankfort that he's excited about the infusion ofscience and tech know-how. Jonathan Webb is Chairman/CEO/Founder at AppHarvest Inc. See Jonathan Webb's compensation, career history, education, & memberships. Grace Schneider: 502-582-4082; gschneider@courierjournal.com; Twitter: @gesinfk. adjusted EBITDA and improvement in the Companys benefit corporation certification score, as well as individual performance goals. 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. will be described in the Companys annual proxy statement filed in 2022. scaling up the Morehead facility to 400 employees. A look at forecast, timeline. Administrative Assistance. We just have to prove ourselves, Webb said. One salary reported . Best Internet Companies to Work For in Kentucky, Best Companies to Work For in Morehead, KY, AppHarvest Industrial Maintenance Technician Jobs. 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. And were just trying to make the hard decisions fast on, how do we get the company set up for success?. But that will change shortly, Webb said. AppHarvest also invested $5 million in Red Sea Farms, an AgTech company based in the Middle East for sustainable farming in water-scarce areas by using saltwater for both growing and cooling. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this years first quarter. You can help Wikipedia by expanding it. AppHarvest is redefining American agriculture by developing modern, large-scale and efficient indoor farms in Central Appalachia, a water-rich region strategically located within a day's drive of approximately 70% of the U.S . enva un correo electrnico a Snapshot Industry Manufacturing & Automotive Market Cap $64 million Net Income. 1001 and 1030). Please declare your traffic by updating your user agent to include company specific information. 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. One analyst described the report as well below expectations. The companys stock price plunged. 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. 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.. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The company blames supply chain-related delays in opening three new farms. Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. POLL QUESTION: Which team will win the Boys Basketball 12th Region Tournament? Lamentamos AppHarvest also held a telethon raising nearly $1.3-million to help with flood relief. Southern states are more frequently turning to pay-to-use express lanes as a way to address highway congestion without raising taxes. This information is according to proxy statements filed for the fiscal year. 02/22. amounts will be payable in equal quarterly installments in arrears following the end of each fiscal quarter in which the service occurs, AppHarvest has certainly turned heads, Quarles said. 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. The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020. Facebook gives people the power to share and makes the. 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. 2024 is gonna look a lot different than 2022, the CEO said. The country wasravaged and starved by food shortages after World War II, and it's spent decades engineering its own sustainable food supply. Plan) which will govern the terms of annual cash incentive awards granted to eligible employees of the Company, as determined Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer. We are sorry for the inconvenience. The Company desires to continue to employ Employee and, in connection therewith, to compensate . 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 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. Se continui a visualizzare "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. employee will be assigned an individual incentive target expressed as a percentage of the employee's annual base salary . For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Sylvan Park 4101 Charlotte Avenue, Suite E140 Nashville Tenn. 37209 It is illegal for insiders to make trades in their companies based on specific, non-public information. pour nous faire part du problme. Benefits information is taken from job posted on Indeed. 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. per informarci del problema. 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. The company disclosed a $32 million net loss and dramatically cut projected earnings for the year. 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. Based on our data team's research, Jonathan Webb is the AppHarvest's CEO. AppHarvest is in the internet software & services industry. each annual performance period, the Committee will determine achievement of the Company and individual performance goals. The state will provide only performance-based incentives tied to jobs and the overall investment in the project, he said. The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 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. AppHarvest expected to sell $20 million to $25 million this year but have scaled back their targets to $7 million to $9 million. 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. At times, the company had to bring in contract labor from outside the region, according to the suits. Help us make this company more transparent. Its unfortunate, said Jonathan Webb, AppHarvests founder and chief executive officer, in an interview with the Herald-Leader. 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. Gov. Non-Employee Director Compensation Policy, non-employee directors will receive the following compensation for service on the Board: The annual cash compensation The information shown here is a reporting of information included in the company's proxy statement. 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. Pursuant to the requirements of the Securities Exchange Act of 1934, $357,640 per year. If an emerging growth company, indicate by check mark if the registrant MT. 2023 www.courier-journal.com. Claiming and updating your company profile on Zippia is free and easy. Gov. 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. message, contactez-nous l'adresse Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. under the Cash Incentive Plan. para informarnos de que tienes problemas. United States. to Section 13(a) of the Exchange Act. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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 . Kentucky and West Virginia once helped power America with low-cost coal. He has been a Director at AppHarvest, Inc. since January 2018. Salary Company Earnings; Sep 30 2022: n/a: n/a-US$172m In May 2019, AppHarvest closed an $82 million deal with Equilibrium Capital to build its first greenhouse. However, reality has proven far less bullish. Insider Sales APPH / Appharvest Inc - Short Term Loss Analysis. That know-how is expected to spark a collaboration between the companies, as well as two Dutch-based higher-ed institutions and five in Kentucky Morehead State University, Berea College and Eastern Kentucky University, University of Kentucky and University of Pikeville, which has discussed a certificate program forstudents seeking careers in the industry.