He was Presid Show more, Mr. Jonathan Webb is Founder and Chief Executive Officer at AppHarvest, Inc since January 2018 and is its Chairman of the Board. area code: (606) 653-6100, (Former Name or Former Address, if Changed Since Last Report). United States. Claiming and updating your company profile on Zippia is free and easy. How much do AppHarvest Administrative Assistance jobs pay? Common benefits at AppHarvest. One salary reported. The Committee (or its delegate) will administer the Cash Incentive Plan and will have the authority to determine all of the awards granted pour nous faire part du problme. amounts will be payable in equal quarterly installments in arrears following the end of each fiscal quarter in which the service occurs, The investment pool focuses on promising technology and new. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Over the last four quarters, AppHarvest's revenue has decreased by 82.9%. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). It's set to open 3 farms this year", "This state-of-the-art indoor farm is transforming Appalachia into an agricultural powerhouse", "AppHarvest to go public via merger with blank-check firm", "Appharvest locations in Madison County Nearly Complete and Soon Ready to Deliver Fresh Foods", https://en.wikipedia.org/w/index.php?title=Appharvest&oldid=1135959955, This page was last edited on 27 January 2023, at 22:52. One analyst described the report as well below expectations. The companys stock price plunged. We reserve the right to block IP addresses that submit excessive requests. He has a bachelors degree in business from the University of Kentucky. Any person who has joined this company has been wildly talented and has put a lot into the company. Sign up now to get our FREE breaking news coverage delivered right to your inbox. Sorry, there are no recent results for popular commented articles. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. But that will change shortly, Webb said. The country wasravaged and starved by food shortages after World War II, and it's spent decades engineering its own sustainable food supply. Employee is employed by the Company as its Chief Executive Officer. AppHarvest has certainly turned heads, Quarles said. Heres some tips to shelter at home and stay safe, Lexington doctor took part in Medicare fraud of more than $28 million, indictment says, Kentucky man who died at W. Va. coal mine was thrown from bulldozer as it rolled. Were releasing the race cars onto the track, but were still kind of in ramp-up mode on the race cars, he said. AppHarvest is a public benefit corporation and a Certified B Corp. Our Farms Our Leadership Our Board of Directors Our Farms Morehead, KY 60-Acres Tomatoes Berea, KY 15-Acres Salad Greens Somerset, KY 30-Acres Berries Richmond, KY 60-Acres Tomatoes Central to Our Mission We're within a day's drive of 70% of the population. He was Presid. It is illegal for insiders to make trades in their companies based on specific, non-public information. An Interview With AppHarvest Founder and CEO Jonathan Webb How much do AppHarvest Marketing jobs pay? | Indeed.com . Jonathan Webb (@JonathanWebbky) | Twitter AppHarvest Quarterly and Annual Revenue Trailing 12-Months Trend (TTM) Annual Revenue $13.1M AppHarvest's revenue is the ranked 8th among it's top 10 competitors. Support strong local journalism by subscribing today: courier-journal.com/graces. The Kentucky-based company went public in February, joining Nasdaq at APPH. When we spoke on the phone, AppHarvest had just completed planting of its first crop of tomatoes. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Jonathan Webb is the Founder and CEO of AppHarvest, a sustainable foods company developing and operating some of the world's largest high-tech indoor farms to build an efficient food system. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. AppHarvest named finalist for 2022 SXSW Innovation Awards Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Town Haul Rewind: Jonathan Webb, Founder of AppHarvest Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Aaron and Jonathan discuss the major challenges we are facing when it comes to food shortages and . Working At AppHarvest: Employee Reviews And Culture - Zippia AppHarvest has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. Andy Beshear unveiled an ambitious vision to grow fresh produce in the eastern U.S.,create jobs fora region slammed by coal's collapseand build an "ag-tech"epicenter. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. envie um e-mail para Tony has served as a consultant in the CEA sector and is a board member of the Fruit & Vegetable Dispute Resolution Corporation, a non-profit that sets standards for the trade of fresh fruits and vegetables in Canada. This Employment Agreement (the "Agreement") is entered into as of the 11th day of December, 2020, by and between Jonathan Webb (the "Employee") and AppHarvest, Inc. (the "Company").. Join Facebook to connect with Jonathan Webb and others you may know. AppHarvest sold 8.6 million pounds of tomatoes in the second quarter, an increase of 4.8 million pounds from the first quarter. You have to say, Gee, do you have today the cash on hand to get through the next 12 months? And if you dont, you need to insert this language into your SEC filing., In the end, its possible that AppHarvest itself, not just a farm, could be acquired by a larger company, Webb said. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on a massive solar project to help achieve a White House goal of ensuring the military . ", "What Will the Rise of Giant Indoor Farms Mean for Appalachian Kentucky? How has Jonathan Webb's remuneration changed compared to AppHarvest's earnings? of the Non-Employee Director Compensation Policy is not complete and is subject to and qualified in its entirety by reference to the Non-Employee Gov. Administrative Assistance. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. The anticipated 285 jobs will range from a head grower who makes a "doctor's salary," to mid-level water technicians and less skilled entry-level employees who would earn a $13 minimum wage, with health insurance benefits and incentives for pay of up to $16 to $17 an hour, Webb said. United States. 1001 and 1030). AppHarvest discloses substantial doubt about its future, Southern Kentucky Health & Family Magazine, Braiden Myers signs with the University of Kentucky, Potential severe weather forces postponement of, Pulaski County overcomes slow start, takes down, Jaclyn Davis signs with the University of the C. for a cash incentive award determined based on the achievement of specified annual Company performance goals, which include net revenue, Low 34F. Sylvan Park 4101 Charlotte Avenue, Suite E140 Nashville Tenn. 37209 Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. In just the last few years, Braidy Industries failed to build an aluminum mill near Ashland despite $15 million in state investments and EnerBlu dropped plans for a battery plant in Pikeville. "Our favorable crop yields and market pricing. The applied technology company is developing and operating some of the world's largest high-tech indoor farms. Jonathan Webb, CEO, AppHarvest: AgTech Farming for Our Planet's Future Outside In with Charles Trevail Business Amid the verdant rolling hills of central Kentucky, in the heart of Appalachian coal country, you'll find 60 acres of a massive, glass-encased structure. AppHarvests farms are designed to grow produce using sunshine, rainwater and up to 90% less water than open-field growing, all while producing yields up to 30 times that of traditional agriculture and preventing pollution from agricultural runoff. Salary information comes from 70 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Share prices nosedived from more than $30 in February 2021, when the company went public on the NASDAQ exchange, to about $1.20 this week. After years of study and gathering support from inside and outside the region, Jonathan is turning his dream of a high-tech farming hub in Appalachia into reality. If the companys stock trades below $1 for more than 30 consecutive days, it can be dropped from the NASDAQ. How much do AppHarvest Marketing jobs pay? The chart on this page features a breakdown of the total annual pay for , at APPHARVEST INC as reported in their proxy statements. Have you worked at AppHarvest? Wenn Jonathan Webb, Founder and CEO of AppHarvest, joins the show to talk about the sustainable food company that is designed to grow non-GMO, chemical pesticide-free produce, using only recycled rainwater at some of the world's largest indoor farms. Loren holds a bachelors degree in accounting from the University of Kentucky and a masters in accounting from the University of Notre Dame. Onze Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on a massive solar project to help achieve a White House goal of ensuring the militarys hundreds of installations receive 20 percent of their electricity from renewable sources by 2025. Jonathan Webb - The Grow Summit Aydanos a proteger Glassdoor verificando que eres una persona real. [5] Inside is a tightly controlled environment that uses 90% less water than open-field agriculture and only rainwater to produce crop yields up to 30 times that of traditional farming. Average AppHarvest Salary $84,305 yearly $40.53 hourly Updated November 18, 2022 $47,000 10%$84,000 Median$148,000 90% Show AppHarvest Salaries Highest Paying Jobs At AppHarvest Show More Do you Work At AppHarvest? To raise the necessary capital for its next 12 months an estimated $85 million to $95 million AppHarvest hopes to sell its 15-acre Berea farm to its distributor, Mastronardi Produce Limited, and then lease back the facility. AppHarvest Founder and CEO Jonathan Webb will lead the Indoor Ag-Con keynote presentation, "How Tech In Farming Can Build A Resilient Food System," on Monday, February 28, 2022 from 11:00 am - 11:50 am. Paid express lanes grow more popular in once-reluctant South. Jonathan Webb, CEO, AppHarvest: AgTech Farming for Our - Interbrand excuses voor het ongemak. Tony joined AppHarvest following a nearly 12-year career with Windset Farms, one of the largest CEA producers and marketers of indoor-grown crops in North America with more than 250 acres in the U.S. and Canada. This United States corporation or company article is a stub. Posted in Press Releases. Defendants knew they could only secure financing needed to scale up their operations if they appeared to be successful, according to one of the suits. Based on our data team's research, Jonathan Webb is the AppHarvest's CEO. AppHarvest has sold 13.4 million pounds of tomatoes since its inaugural harvest in January, but in an earnings call Wednesday, the mega-greenhouse company announced it recorded a net loss of $32 million in its second quarter. Tony earned his credential as a chartered professional accountant following a bachelor of commerce in accounting and finance and a graduate diploma in accounting, audit and taxation at Concordia University in Canada. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky. . Location. Here are a few more takeaways from Webb's session: An . named executive officers are as follows: Following the end of Vision insurance; Health insurance; AppHarvest was a young company with an inexperienced management team undertaking a massive farming endeavor for the first time in a region where workers were transitioning from a different industry, it said. Founder of AppHarvest, Inc., AppHarvest Morehead Farm LLC and AppHarvest Operations, Inc., Jonathan Webb is an entrepreneur who is Chairman & Chief Executive Officer of AppHarvest, Inc. and Chairman & Chief Executive Officer of AppHarvest Operations, Inc. (a subsidiary of AppHarvest, Inc.). Als u dit bericht blijft zien, stuur dan een e-mail selling tomatoes from the flagship Morehead greenhouse. Kentucky native and University of Kentucky graduate Jonathan Webb is turning his dream of a high-tech farming hub in Appalachia into reality with AppHarvest. Insiders are officers, directors, or significant investors in a company. APPHARVEST, INC. : Change in Directors or Principal Officers (form 8-K What to know, Are you prepared for a tornado? Six Dodge Challenger Hellcats stolen off local Don Franklin car lot, Cooper Center up for sale but current residents not gone just yet, Local musician Trammell an 'American Idol' hopeful, Fiscal Court grapples over Sheriff Deputies' pay, Pulaski County overcomes slow start, takes down Titans in opening round of regional tourney, Ay, There's the Rub (and Sauce): Baney's Bangin' BBQ is a sweet success story for Jones, Frozen assets: Money raised from skating rink goes to good cause, Girls' 12th Region Hall of Fame class and All-Region Teams announced. At times, the company had to bring in contract labor from outside the region, according to the suits. The year-round, temperature-controlled farms have made the Netherlands the world's second largest agricultural exporter and a leading aginnovator, Webb said during his morning announcements. Best Internet Companies to Work For in Kentucky, Best Companies to Work For in Morehead, KY, AppHarvest Industrial Maintenance Technician Jobs. AppHarvest acquired Root AI, an agricultural robotics and artificial intelligence company that helps manage high-tech indoor farms, in April to collect data while harvesting. Brand on Purpose with AppHarvest's Jonathan Webb Aaron R. Kwittken University of Kentucky Bachelor of Business Administration Major in Marketing Recent News and Activity Number of News Articles 30 News Jul 6, 2021 Jonathan Webb. The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 It's a big opportunityto bring "together types of science that I'm not sure that we have seen in Kentucky. AppHarvest said it is partnering with Mastronardi Produce to form FarmCom, which will build, buy and operate new high-tech greenhouses and expand production throughout the U.S. AppHarvest will contribute $10 million in cash. POLL QUESTION: Which team will win the Boys Basketball 12th Region Tournament? Drawing inspiration from a National Geographic article he read on sustainable indoor farming in the Netherlands, Webb traveled with friends to Holland in 2015 to see the farms for himself. Marketing. Disculpa enviando un correo electrnico a Exchange Act of 1934, Date of Report (Date of earliest event reported): The Cash Incentive Plan provides The team is very cognizant of that outside skepticism and negativity thats come down on the company, and I think our 700 employees have taken that as a challenge to really prove what we can do here, he said. AppHarvest CEO envisions 'couple-decade journey' after going public Thorough reviews have been conducted to assure this data accurately reflects disclosures. AppHarvest: Building and Nourishing a Community One Indoor - Procore He most recently served as Vice President of Finance at Famous Brands International, the parent company of Mrs. Fields and TCBY, and held prior roles at Ernst & Young, Summit Rock Advisors, and FTI Consulting. , except that Jonathan Webb, the Company's Chief Executive Officer, is not eligible to participate for the 2021 performance period. Jonathan Webb - Biography - MarketScreener.com AppHarvest discloses 'substantial doubt' about its future Were disappointed with these results, but the good news is that prevailing market prices for tomatoes have already rebounded from the lows we experienced in the second quarter, Lee said. For the second quarter of 2021, net sales were $3.1 million, an increase of $0.8 million from the first quarter of 2021, when AppHarvest began its inaugural harvest and launched as a public company. Speaker Bio: Jonathan Webb is the Founder & CEO of AppHarvest, a sustainable foods company developing and operating some of the world's largest high-tech indoor farms to build an efficient food system. It would have been evident to the ordinary investor that AppHarvest would encounter problems with labor and tomato quality and yield.. of Directors (the Board) of AppHarvest, Inc. (the Company) adopted and approved We hope that they are able to prosper.. Woodland Wine Merchant Sylvan Park 02/21. Pursuant to the requirements of the Securities Exchange Act of 1934, Nelson lasted 15 months. High 59F. Liked by Jonathan Webb Folks are getting excited about AppHarvest working to quadruple its high-tech indoor farm network this year by adding a 15-acre salad greens Liked by Jonathan Webb. Celebrities on the board of directors included lifestyle entrepreneur Martha Stewart and investor and Hillbilly Elegy author J.D. "We see this as a couple-decade. Webb also announced plans for selling tomato-based products like salsa and Bloody Mary mix next year. SEC.gov | HOME AppHarvest CEO Jonathan Webb speaks with Yahoo Finance reporter Julie Hyman at the SXSW about tech innovation in the farming space and the future of the industry. However, given the financial challenges facing the company, his original plan to open 12 mega-farms by 2025 is off the table for now, he said. PU. om ons te informeren over dit probleem. Jonathan Webb. On March 23, 2021, the Board Andy Beshear, Sen. Hal Rogers, and AppHarvest CEO Jonathan Webb spoke during a groundbreaking ceremony at the site of AppHarvest's new facility in Somerset, Ky., Monday, June 21, 2021. Please enable Cookies and reload the page. I dont even believe it yet. 11th Region shocker dethrones perennial champion. And thats where these facilities start throwing off tens of millions of pounds of vegetables and fruits and were optimizing production and that cash is thrown back into the company.. So yeah, were actively having conversations with CEOs, with investors, with partners, with anyone who wants to partner with us here in Kentucky and to help make our mission succeed.. APPHARVEST INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The foregoing description UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA, Your California Privacy Rights / Privacy Policy. While AppHarvest made optimistic statements throughout the inaugural 2021 harvest season, behind the scenes, it struggled with hiring, training, production and produce quality at its farm growing tomatoes in Morehead, the suits allege. AppHarvest Leadership: Executives and Demographics - Zippia It has filed motions to dismiss the shareholder suits. Investors Dig Into AppHarvest | The Motley Fool - Nasdaq Overall, the goal is to create an ecosystem similar to what's been developed over decades in the Netherlands' greenhouse industry. Se continui a visualizzare Dutchfarms now grow up to 30 times more fruits and vegetables on a single acreindoors compared to oneacre outdoors, while slashing water usage by 90%. Andy Beshear, Sen. Hal Rogers, and AppHarvest CEO Jonathan Webb spoke during a groundbreaking ceremony at the site of AppHarvest's new facility in Somerset, Ky., Monday, June 21, 2021. Kentucky and West Virginia once helped power America with low-cost coal. Jonathan Webb CEO AppHarvest. But it launched on an ambitious scale in a region of Kentucky that sorely needed new jobs, Quarles said. employee will be assigned an individual incentive target expressed as a percentage of the employee's annual base salary . AppHarvest raised $500 million on its balance sheet this year, went public on the Nasdaq, hired 400 people to work in its first facility, and brought its first product, beefsteak tomatoes, to. Webb, a Kentucky native and University of Kentucky graduate, says he remains committed to his goal of employing large numbers of people at high-tech farms around the eastern half of the state. Company leadership on the call said the profits from selling tomatoes from the flagship Morehead greenhouse were lower because the prices of tomatoes hit a 10-year low in May and the quality of the tomatoes was lacking. AppHarvest Founder & CEO Oct-2014 to Feb-2017 Archetype USA Contract Support (U.S. Army Office of Energy Initiatives) Jan-2010 to Oct-2014 Simple Choice Solutions Managing Director Competencies Crop Market Platforms (Agtech) Other Edit Jonathan WebbAchievements and Recognitions Add Milestone No milestones has been recorded for Jonathan Webb Edit Mr. Jonathan Webb is Founder and Chief Executive Officer at AppHarvest, Inc since January 2018 and is its Chairman of the Board. Is the biggest greenhouse in the U.S. the future of farming? CNN asked in its feature on the company last year. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Emily brings a wealth of knowledge and experience to her current role, having earned her SHRM certification and a bachelor's in interdisciplinary studies from Western Kentucky University. AppHarvest CEO Jonathan Webb Discusses Positioning Kentucky as an Agricultural Leader By this time next year, AppHarvest expects to begin production in the 2.76-million-square-foot greenhouse the company is building in Morehead, Kentucky. The company blames supply chain-related delays in opening three new farms. We prioritize direct shipping and reduce transportation fuel by up to 80% compared to produce from Mexico or the U.S. Southwest. You look at the average US consumer, 50% or more of people going to the grocery store don't have the luxury to spend more for a premium product. Two private companies also have launched large indoor grow operations in Ohio. Jonathan Webb - salary.com This report is not for commercial use. AppHarvest stock plummeted afterward. AppHarvest Acquires Flagship Morehead, Ky. Controlled Its also removing two top executives as part of a restructuring that will cost up to $7 million in severance payments. APPHARVEST INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The New York Times, the Wall Street Journal, Rolling Stone magazine, CBS 60 Minutes and Fox News are among the media outlets to praise the company for environmentally friendly practices, such as recycling rain water for crop irrigation, in an economically distressed coalfield region. Its not any persons fault, Webb said. AppHarvest, Inc. (APPH) CEO Jonathan Webb On Q1 2022 Results - SeekingAlpha Benefits information is taken from job posted on Indeed. Please help us protect Glassdoor by verifying that you're a Item 9.01 Financial Statements and Exhibits. In May 2019, AppHarvest closed an $82 million deal with Equilibrium Capital to build its first greenhouse. EMPLOYMENT AGREEMENT . People in Eastern Kentucky are understandably skeptical about companies that come into the region and make promises about jobs, Webb said. You can help Wikipedia by expanding it. Kentucky native and University of Kentucky graduate Jonathan Webb is turning his dream of a high-tech farming hub in Appalachia into reality with AppHarvest. All rights reserved. Those are set to be completed by mid-2022. The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer. The Dutch government already was aware of AppHarvest's work because Philips, a Dutch LED contractor, won a $15 million contract to provide lighting at the 400-acre development. Prior to her current role at AppHarvest, Emily was a Human Resources Manager at Luckett & Farley and an HR Business Partner at CHI Saint Joseph Health. charter), Registrants telephone number, including [5], The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020.[6]. AppHarvest, Inc. is an American food production company developing and operating indoor farms in Appalachia. Administrative Assistance. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this year's first quarter. Lee, who will keep a seat on the AppHarvest board of directors, lasted less than two years in his job. Prior to her current role at AppHarvest, Emily was a Human Resources Manager at Luckett & Farley and an HR Business Partner at CHI Saint Joseph Health. 'Great Challenge Can Expose Great Opportunity': AppHarvest's Jonathan The information shown here is a reporting of information included in the company's proxy statement. See the latest outages from Kentucky Utilities, Blue Grass Energy and more, My favorite reporter is back: Familiar face returns to Lexington TV news, Flash flooding, tornadoes possible Friday in Lexington. Jonathan Webb's Post Jonathan Webb CEO at AppHarvest 1y AppHarvest, the ambitious Morehead-based produce company that planned to open twelve huge, high-tech, indoor farms across Central Appalachia by 2025, told investors last month that its running out of cash. Communications Officer. Emily joined AppHarvest in 2022, bringing nearly 10 years of experience in human resources. Markets are complex, and financial predictions made months or even a year into the future particularly for a young, public company like AppHarvest are always uncertain, the company said in its recent motion. The winners in each of the 13 categories, plus additional honors, will be awarded at the 24th annual SXSW Innovation Awards on Monday, March 14, 2022.