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Forum activities relating to Farmer Bros. Co. were suspended in 2007, following the second year of new management.

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Management Response to Question About Control of ESOP Trust Assets

(September 29, 2004)

The attorney representing Farmer Bros. Co. sent a letter to the Securities and Exchange Commission ("SEC") on September 29, 2004 in response to the September 24, 2004 letter which raised a question about the arguments presented his August 25, 2004 letter seeking SEC approval to block shareholder voting on a proposal of Lime Capital Management LLC for the protection of employee pension rights.  A copy of the letter can be accessed from the link below.

A September 30, 2004 reply to this letter asks the SEC to investigate management's apparent retention of control of assets which the company had reportedly transferred to a trust for the benefit of employees, and to require the company's presentation of the shareholder proposal for voting at the annual meeting.

 

 

 

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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