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Letter to SEC from Individual Shareholder [Name Withheld]

(January 12, 2004)

Copied below is the text of a January 12, 2004 email to the Director of the SEC's Division of Enforcement from an individual a shareholder of Farmer Bros. Co., referring to a January 8, 2004 request for SEC attention to investor concerns.

The letter's author gave his permission to distribute a copy of the letter, but asked that his name be withheld.

 

 

From: [name withheld at author's request]
To: <cutlers@sec.gov>
Subject: Farmer Bros. Co.
Date: Monday, January 12, 2004 1:23 PM

Dear Mr. Cutler:

This email is to advise you that I am supportive of the comments and concerns expressed to you in the emailed letter of January 8, 2004 by Mr. Gary Lutin.

I have had a personal investment in Farmer Bros. Co. for many years. During the entire time I have been an owner, the Company has not answered any letters I have addressed to them, has been non-communicative in general, has had an ineffective board dominated by Mr. Farmer, and has taken corporate actions that do not always appear to be in the broader shareholder interest.

I urge the SEC to carefully review the actions of the Company as they relate to the rights of the public shareholders, including the vote at the upcoming annual meeting.

Sincerely,

[name withheld at author's request]

 

 

The Forum is open to all Farmer Bros. shareholders, whether institutional or individual, and to professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives.  As stated in the Forum's Conditions of Participation, participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

There is no charge for participation.  Franklin Mutual Advisers, LLC, the manager of funds owning approximately 12.6% of Farmer Bros. shares, provided initial sponsorship for the Forum and arranged for it to be chaired by Gary Lutin.  Continuing support and guidance of the Forum is provided by an Advisory Panel of actively interested shareholders.

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