Jonathan is an entrepreneur and the founder and CEO of AppHarvest (@appharvest), a company that is helping to turn his dream of a high-tech farming hub in Appalachia into reality. para nos informar sobre o problema. Of this total $0 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. The company has cumulatively spent at least $641 million for operations and fixed assets since 2018, when it incorporated, according to public filings. Snapshot Industry Manufacturing & Automotive Market Cap $64 million Net Income. All rights reserved. Appharvest, Inc. : Change in Directors or Principal Officers (form 8-K) AQ. Si vous continuez voir ce Projected net sales for 2022, which the company set at $24 million to $32 million earlier this year, have been revised downward to $14 million to $17 million, or barely half the original sum. AppHarvest sold 8.6 million pounds of tomatoes in the second quarter, an increase of 4.8 million pounds from the first quarter. AppHarvest Financial Performance 9.6 Performance Score 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 has generated much positive news coverage for itself since incorporating in 2018. The company also closed a separate Series A funding round led by ValueAct Spring Fund. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. The Committee (or its delegate) will administer the Cash Incentive Plan and will have the authority to determine all of the awards granted Another grower, Kentucky Fresh Harvest, is working on 30-acre greenhouse development in Stanford. Inside, you'll find row after row of tomatoes. Kentuckys agriculture commissioner, Ryan Quarles, said AppHarvest is not the only company in the state to use controlled environment agriculture, or CEA, based on ideas pioneered in the Netherlands. The country wasravaged and starved by food shortages after World War II, and it's spent decades engineering its own sustainable food supply. Management believes there is substantial doubt about our ability to continue as a going concern, AppHarvest warned investors Nov. 7 in its 10-Q filing for the third quarter of 2022. Jonathan Webb | Speaking Fee, Booking Agent, & Contact Info | CAA Speakers Inquire below to book Jonathan Webb Founder & CEO, AppHarvest Entrepreneurs Founders / CEOs Climate Change & Sustainability Innovation Science & Technology What's Next? There's a lot of hard work to bring it all to fruition, he said. The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 Note: We do not offer technical support for developing or debugging scripted downloading processes. The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer. Webb said they are still on track to open 12 mega-greenhouse facilities by 2025. AppHarvest's stock is currently trading around $4.15 per share, as of 2:30 p.m. Friday, up roughly 10% from when the market opened. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Based on our data team's research, Jonathan Webb is the AppHarvest's CEO. Nelson lasted 15 months. Facility Coordinator. Vance, although Vance quit as he became more controversial during his Republican campaign for the U.S. Senate in Ohio. Exhibit 10.24 . Sometimes the pieces just dont fit together as were building a team. AppHarvest announced it has hired Julie Nelson, with experience at PepsiCo and McKinsey, to help support operational growth, and Adam Reel, who has worked at Apple and other controlled-environment agriculture start-ups. to Section 13(a) of the Exchange Act. Gov. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Liz Moomey is a Report for America Corps member covering Eastern Kentucky for the Lexington Herald-Leader. Emily joined AppHarvest in 2022, bringing nearly 10 years of experience in human resources. He has a bachelors degree in business from the University of Kentucky. We're building a sustainable, homegrown food supply that's accessible to all, all year long. later than 90 days following the end of the applicable performance period. As far as to your question of where well be in 25 and 26, weve kind of cut out the long-term discussion of the company. But I would say if you let the past be a predictor of the future, we started with absolutely nothing two and a half years ago and weve built eight million square feet of stuff. Insurance. except that Jonathan Webb, the Companys Chief Executive Officer, is not eligible to participate for the 2021 performance period. AppHarvest stock plummeted afterward. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Outside In Podcast: Jonathan Webb, CEO, AppHarvest: AgTech Farming for Our Planet's Future 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. 65% of the management team is White. Its not any persons fault, Webb said. We are sorry for the inconvenience. Sylvan Park 4101 Charlotte Avenue, Suite E140 Nashville Tenn. 37209 Posted in Press Releases. 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. real person. I dont even believe it yet. 11th Region shocker dethrones perennial champion. Lamentamos pelo inconveniente. 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. Si continas viendo este mensaje, Wenn , except that Jonathan Webb, the Company's Chief Executive Officer, is not eligible to participate for the 2021 performance period. Employee is employed by the Company as its Chief Executive Officer. Webb said the company has ample funds for the construction of future farms. When we spoke on the phone, AppHarvest had just completed planting of its first crop of tomatoes. Paid express lanes grow more popular in once-reluctant South. Additionally, the speed bumps associated with our initial harvest are fixable and weve already deployed solutions against these problems in advance for our next harvest.. Vision insurance; Health insurance; Please declare your traffic by updating your user agent to include company specific information. Thank you for your interest in the U.S. Securities and Exchange Commission. of Directors (the Board) of AppHarvest, Inc. (the Company) adopted and approved AppHarvest Founder & CEO Mar 2017 Related Hubs Education Jonathan Webb studied at University of Kentucky. Yes, we had a challenge of hiring 400 people and training them and hitting the yield, not only the yield, but the quality, Webb said. Any person who has joined this company has been wildly talented and has put a lot into the company. Another longtime Dutch firm, Dalsem, designed and manufactured the greenhouse parts, which have been assembled by an Appalachia-based construction company. In May 2019, AppHarvest closed an $82 million deal with Equilibrium Capital to build its first greenhouse. 2023 www.courier-journal.com. verdade. AppHarvest competitors include powergrow. AppHarvest Founder and CEO Jonathan Webb speaks during groundbreaking for the new facility located in Shopville, on June 21, 2021. 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. 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. 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. While acknowledging the headwinds it has faced, AppHarvest says it accurately explained its financial condition and the risks to investors. Gov. Beshear indicated that the state eventually may provide incentives, but it won't involve a taxpayer-funded investment as seen during "the last administration." 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. One salary reported. 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. [8] [9] If you continue to see this By JEFF McMURRAY The investment pool focuses on promising technology and new companies in middle America, which Case has argued are too often passed over in favor ofSilicon Valley and East Coast tech hubs. The nation, which is roughly a third the land mass of Kentucky, has a network of 10,000 companies tied to its greenhouses. . [1] AppHarvest's greenhouses aim to primarily use sunlight in lieu of LEDs for growing plants hydroponically. an. Low 34F. At least 4 deaths; power outages climb. Jonathan Mark Webb net worth is $800,000 Jonathan Mark Webb Wiki: Salary, Married, Wedding, Spouse, Family Jonathan Webb is an actor, known for Graffiti Bridge (1990), In Search of Dr. Seuss (1994) and A Different World (1987). The bounty -- sold in grocery retailers like Kroger, Publix, 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. Jonathan Webb. POLL QUESTION: Which team will win the Boys Basketball 12th Region Tournament? Location. 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. David Lee, as well as the AppHarvest CEO and Founder Jonathan Webb on the show in prior, I believe prior . . $47,691 per year. envie um e-mail para United States. Founder and CEO Jonathan Webb said AppHarvest aimed to grow high quality tomatoes that have great value, but were only able to produce high amounts of lower quality tomatoes that have little to no value, which directly affects their bottom line. The unveilingwas the culmination of months of discussions, includingtravel to the Netherlands by U.S. Agriculture Secretary Sonny Perdue, before coronavirus outbreaksarrived in Europe and this country. Here are a few more takeaways from Webb's session: An . scaling up the Morehead facility to 400 employees. Help other job seekers by rating AppHarvest. All proxy statements are public filings made available to the general public by the SEC. 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.. 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. The company became publicly listed after a merger with special purpose acquisition company Novus Capital Corp in 2020. Mr. Jonathan Webb is Founder and Chief Executive Officer at AppHarvest, Inc since January 2018 and is its Chairman of the Board. AppHarvest Founder and CEO Jonathan Webb, a solar industry veteran, knew he had to do something to help his hometown community. Instead, it will focus on trying to turn a profit over the next few years at its three existing farms, in Morehead, Berea and Somerset, and a fourth, in Richmond, that should be operating soon. It would have been evident to the ordinary investor that AppHarvest would encounter problems with labor and tomato quality and yield.. appropriate or equitable. 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. As Chief Executive Officer at AppHarvest, Inc., Jonathan Webb made $33,087,859 in total compensation. Meanwhile, top executives were being awarded millions of dollars in compensation, the suits allege. When poorly trained workers could not keep up with the harvest, overripe tomatoes dropped to the ground, where large numbers of gnats swarmed, they said. We just have to prove ourselves, Webb said. Who has power? That know-how is expected to spark a collaboration between the companies, as well as two Dutch-based higher-ed institutions and five in Kentucky Morehead State University, Berea College and Eastern Kentucky University, University of Kentucky and University of Pikeville, which has discussed a certificate program forstudents seeking careers in the industry. High 59F. An agreement signed Wednesday between the parties would create a series of research programs into sustainable agriculture and a center for excellence to boostagricultural innovation and new technologies. Pursuant to Section 13 or 15(d) of the Securities 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. Appharvest has nearly 700 workers as of this month, he said. . named executive officers are as follows: Following the end of Support strong local journalism by subscribing today: courier-journal.com/graces. AppHarvest also held a telethon raising nearly $1.3-million to help with flood relief. Director Compensation Policy, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. ein Mensch und keine Maschine sind. Reference ID: 0.8decc017.1677933561.2c6dde87. under the Cash Incentive Plan. Some clouds this morning will give way to generally sunny skies for the afternoon. Committee may modify and/or adjust the performance goals or the related level of achievement, in whole or in part, as it deems The suits cite the eyewitness accounts of six unnamed confidential witnesses who allegedly held different jobs inside AppHarvest during 2021. We reserve the right to block IP addresses that submit excessive requests. 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 AppHarvest is a small internet company based in Kentucky with only 78 employees and an annual revenue of $8.5M. AppHarvest Inc (NASDAQ:APPH) . "What we're doing here has really caught the attention of people around the world.". Act of 1934 (240.12b-2 of this chapter). AppHarvest has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. LOUISVILLE, Ky. AppHarvest, a startup already building North America's largest greenhouse in Rowan County, announced it's partneringwith the Dutch government, the state of Kentuckyand several universities and private companies to create an agricultural technology capital in Appalachia. Onze 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. We talk about how, at current rates of production, we'll need two earths to provide the needed supply of food by 2050 -- and about how Jonathan is tackling that plus other systemic issues like hunger despite supply. Hopefully when we have this conversation in the end of 23, youll see a company that is less about talk and less about me talking, candidly and more about results.. It's more about for us, as a company, making sure that we can build and operate facilities at the price point that's available. Groups of shareholders including a public pension fund in Plymouth, Mass. Real-time updates and all local stories you want right in the palm of your hand. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Overall, the goal is to create an ecosystem similar to what's been developed over decades in the Netherlands' greenhouse industry. 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. CEO Jonathan Webb explained how it grew from a $250,000 seed round to a public company in three years. Those are set to be completed by mid-2022. AppHarvest isn't the only company diving into greenhouses, and trying to captureto the Eastern Seaboard. The information shown here is a reporting of information included in the company's proxy statement. Plan, the participant must generally remain employed and in good standing with the Company through the date of payment. 2024 is gonna look a lot different than 2022, the CEO said. 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. to let us know you're having trouble. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Aydanos a proteger Glassdoor y demustranos que eres una persona real. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. By using this site, you are agreeing to security monitoring and auditing. It has filed motions to dismiss the shareholder suits. Join Facebook to connect with Jonathan Webb and others you may know. enviando un correo electrnico a AppHarvest expected to sell $20 million to $25 million this year but have. The state will provide only performance-based incentives tied to jobs and the overall investment in the project, he said. United States. Besides a$97 million greenhouse projectscheduled to open this fall, companyfounder Jonathan Webb, Dutch leadersand Gov. positions our company to be a global leader in this industry," said Jonathan Webb, founder and CEO of AppHarvest. How much do AppHarvest Administrative Assistance jobs pay? The four-farm network consists of 165 acres under glass. We prioritize direct shipping and reduce transportation fuel by up to 80% compared to produce from Mexico or the U.S. Southwest. [3][4], Founded by Jonathan Webb, the company aims to use Kentucky's central geographic location to reduce carbon emissions, delivering produce to Midwest and East Coast markets. That includes businesswoman and celebrity Martha Stewart, who Webb said hasjoined the company board of directors. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. AppHarvest is pausing its plan to build a dozen indoor farms. And were just trying to make the hard decisions fast on, how do we get the company set up for success?. Associated Press. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. The average AppHarvest salary ranges from approximately $31,291 per year for Packer to $108,991 per year for Sanitation Worker. 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. In the suits, shareholders say that AppHarvest executives misled investors and regulators with the U.S. Securities and Exchange Commission to make it appear they were better prepared for the companys launch than they really were. Is the biggest greenhouse in the U.S. the future of farming? CNN asked in its feature on the company last year. "We're collecting data all through the . excuses voor het ongemak. AppHarvest's mission statement is "We're building a sustainable, homegrown food supply that's accessible to all, all year long.". Andy Beshear and U.S. Rep. Andy Barr, R-Lexington, were among the dignitaries who attended the farms heavily publicized opening last month. This story was originally published August 12, 2021, 2:46 PM. will be described in the Companys annual proxy statement filed in 2022. Administrative Assistance. 02/22. AppHarvest's farms are designed to grow non-GMO, harsh chemical pesticide-free produce using sunshine, 100% recycled . Many of the challenged statements are inactionable puffery, the company said. The investment pool focuses on promising technology and new. target expressed as a percentage of the employees annual base salary. We cannot build and grow fast enough to meet market demand, CEO Jonathan Webb said at the time. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. 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. The top 10 competitors average 136.1M. Insider Sales APPH / Appharvest Inc - Short Term Loss Analysis. AppHarvest ( APPH) CEO Jonathan Webb said the company has its eyes on the long term as it looks to "institutionalize" controlled environment agriculture (CEA). Jonathan is an entrepreneur and the founder and CEO of AppHarvest (@appharvest), a company that is helping to turn his dream of a high-tech farming hub in Appalachia into reality. When Webb gave optimistic interviews, such as describing the good, healthy, consistent supply of tomatoes, that was not fraud by any legal definition, the company said. Webb's sprawling Appalachia dream has been featured on CBS' 60 Minutes and in major newspapers across the country. questo messaggio, invia un'email all'indirizzo In February 2017, encouraged by investors, advisers, and politicians of both parties, Jonathan left Washington and came home to Eastern Kentucky to start a new kind of farm and to turn Appalachia into the AgTech capital of America. 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. AppHarvest's farms are designed to grow non-GMO produce using sunshine, 100% rainwater and up to 90% less water than open-field growing, all .