[letterhead]
LUTIN & COMPANY
575 Madison Avenue
New York, New York 10022
Telephone (212) 605-0335
Facsimile (212) 605-0325
October 28, 2005
By telecopier: 310/320-2436
Mr. Guenter W. Berger
Farmer Bros. Co.
20333 South Normandie Avenue
Torrance, California 90502
Dear Mr. Berger:
As chairman of the Farmer Bros. board of directors, your
guidance will be appreciated to establish an efficient process for
providing the information needed by shareholders in their
consideration of alternatives to realize the value of their
investments.
An initial request for information about the company’s
real estate assets should serve as a useful example to develop
practical procedures. It is assumed that most of the relevant facts
about specific property locations, sizes, and values will be readily
available in board records, or can be easily assembled from your
accounting, tax or insurance records. Informal discussion of what
facts management can efficiently prepare and report, possibly as a
public filing, should therefore allow us to avoid the costs and delays
of a formal process for direct shareholder review of the records.
Although the information concerning real estate is not
likely to involve any confidential material, it is suggested in any
event that our development of procedures should include conventional
provisions for limiting disclosures of confidential material to the
people involved in preparing the reports.
Please let me know whether you will support the suggested
cooperative process for responding to shareholder information
requirements, and, if so, who will be responsible for the project.
Sincerely yours,
Gary Lutin
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