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Request to Board for Information Needed
by Investors
(July 1, 2003)
Copied below is the text of a July 1, 2003 letter urging the
directors of Farmer Bros. Co. to provide public investors with material
information concerning the health of the company's Chairman and his capacity to
perform his duties.
The letter followed news reports in the
June 23, 2003 issue of
The
Los Angeles Business Journal, titled "Chairman’s Illness Adds
Twist To Insider Battle at Farmer Bros.", and the
June 29, 2003 issue of The Daily Breeze (Torrance, California), titled "Family feuds over trusts, control of business."*
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* Both articles are also available for
direct access from links in the private Workshop section the web site for Forum
participants:
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[letterhead]
LUTIN & COMPANY
575 Madison Avenue
New York, New York 10022
Telephone (212) 605-0335
Facsimile (212) 605-0325
July 1, 2003
By telecopier:
310/320-2436
Messrs. Guenter W. Berger,
Lewis A. Coffman,
Roy E. Farmer,
Roy F. Farmer,
Thomas Maloof,
John H. Merrell, and
John Samore, Jr.
c/o Farmer Bros. Co.
20333 South Normandie Avenue
Torrance, California 90502
To the members of the board of directors
of Farmer Bros. Co.:
It is assumed that you are aware
of recent news reports concerning the health of the company's Chairman.
These differing reports raise many questions, and the company has not
provided any information to answer them.
You should understand that the
capacity of the company's Chairman to perform his duties is important to an
investor's evaluation of Farmer Bros. It would of course be equally
important to know if someone else has become responsible for the Chairman's
duties.
Under these circumstances, I urge
you to provide public investors with the information they need.
Sincerely yours,
Gary Lutin
cc: John M. Anglin, Esquire
Mr. John E. Simmons
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