Forum for Shareholders of Farmer Bros. Co.

Forum Home Page

2007 Conclusion

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

Farmer Bros. Home Page

 

Farmer Bros. Reference

 

 December 4 - December 10, 2002 Vol. 4, No. 44  
 

 
***

Timing Of Farmer Bros. Meeting “Bizarre”
Torrence, CA, United States – Coffee roaster and seller Farmer Bros. Co. (FARM) scheduled its annual meeting of shareholders for December 26, the day after Christmas, a move Nell Minow, editor of The Corporate Library called “bizarre.” The company is currently involved in a battle between Farmer Chairman, CEO and founding family member Roy Farmer and his board, and a group of dissidents who want to force the company to elect independent directors and force the company to be more open about its financials. The dissidents, led by Franklin Mutual Advisors, believe the meeting was scheduled the day after Christmas as a means to ensure that fewer shareholders actually attend to support their resolutions. “I don’t think there is another company in America that would schedule a shareholders meeting on that day,” said dissident Steven Crowe, who happens to be Roy Farmer’s nephew, “They need to explain the timing of the meeting. I think it is very disrespectful.” Farmer Bros. has offered no explanation for the meeting’s timing, and has rejected requests from shareholders to reschedule.
Los Angeles Times, December 9, 2002

***


News summaries based on original reports in other publications are prepared by The Corporate Library LLC staff and are not created, sponsored, approved or endorsed by the publications to which the original reports are attributed.

Chris Grimmett, General Editor
Michelle Gayton,
Web Producer

COPYRIGHT 1999-2001 THE CORPORATE LIBRARY LLC - ALL RIGHTS RESERVED
Ric Marshall, CEO ·  Nell Minow & Robert AG Monks, Founders

 

 

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.

For additional information or to be included in an email distribution list, send an inquiry to farm@shareholderforum.com.