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Need for Individual Director Decisions Concerning Duties to Shareholders (December 20, 2002) Copied below is the text of a letter sent to each of the directors of Farmer Bros. on December 20, 2002, in response to a letter received earlier that afternoon from the company's secretary/treasurer stating that management would not respond to requests for information relevant to investor decisions. The immediately pertinent requests had been made in a December 16, 2002 letter to the members of the board and in a December 17, 2002 letter to the company's secretary-treasurer. It should be noted also that at this time the company had not yet provided Franklin Mutual Advisers, LLC, with the records which had been demanded in a legally enforceable form on July 26, 2002, even though management had repeatedly promised to do so.
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