Farmer Bros. Co. announced that Christopher P. Mottern informed the Companyâs board of directors (the âBoardâ) of his resignation from the Board, effective as on June 30, 2023.
Mr. Motternâs resignation was not a result of any disagreements with the Company on any matter relating to its operations, policies or practices. As contemplated by the Cooperation Agreement, effective upon Mr. Motternâs resignation, the size of the Board will be reduced from nine to eight members.