Si vous continuez voir ce United States. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. However, reality has proven far less bullish. He's not letting it distract from realities on the ground, in the eastern Kentucky mountains. "We see this as a couple-decade. 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 . 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. EPS of -$0.30 beats by $0.01 | Revenue of $5.16M (124.62% Y/Y) misses by $236.00K AppHarvest, Inc. ( NASDAQ: APPH) Q1 2022 Earnings Conference Call May 3, 2022 4:30 PM ET Company Participants. selling tomatoes from the flagship Morehead greenhouse. to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant is an emerging growth This page provides a comprehensive analysis of the known insider trading history of Jonathan Webb. 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. One salary reported. 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%. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de We reserve the right to block IP addresses that submit excessive requests. 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. The leadership remained optimistic about the long-term operations of the company. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. An Appalachian native, he holds a bachelors degree in communications from the University of Tennessee and a masters in communications management from the Newhouse School of Public Communications at Syracuse University. Cowen Adjusts Price Target on AppHarvest to $2 From $9, Maintains Outperform Rating. Associated Press. message, contactez-nous l'adresse Sorry, there are no recent results for popular videos. Best Internet Companies to Work For in Kentucky, Best Companies to Work For in Morehead, KY, AppHarvest Industrial Maintenance Technician Jobs. AppHarvest sets fourth quarter 2022 and full-year 2022 earnings call on March 9, 2023. Onze There are large conglomerates in auto manufacturing. Have you worked at AppHarvest? One analyst described the report as well below expectations. The companys stock price plunged. 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. 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. First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. We're building a sustainable, homegrown food supply that's accessible to all, all year long. We just have to prove ourselves, Webb said. para informarnos de que tienes problemas. The state has committed to opena Dutch representative office in Kentucky to attractinvestment to the state by Dutch companies. It's a big opportunityto bring "together types of science that I'm not sure that we have seen in Kentucky. The applied technology company is developing and operating some of the world's largest high-tech indoor farms. Insurance. On March 23, 2021, the Compensation You have permission to edit this article. Exchange Act of 1934, Date of Report (Date of earliest event reported): 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.). While we more than doubled production from our first quarter, we have a moment in time opportunity to create more long-term shareholder value by doubling down on investments that help us reduce risk going forward by developing and deploying our leading technology, and operational best practices for CEA, and enhancing our brand power by launching value-added products next year, Lee said. 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. Liz Moomey is a Report for America Corps member covering Eastern Kentucky for the Lexington Herald-Leader. 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. 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. Facebook gives people the power to share and makes the. 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 He was Presid. Departing the companys executive offices this month are President David Lee, formerly of Impossible Foods, and Chief Operating Officer Julie Nelson, formerly of PepsiCo. 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. Over the last four quarters, AppHarvest's revenue has decreased by 82.9%. Sign up now to get our FREE breaking news coverage delivered right to your inbox. 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. envie um e-mail para As at APPHARVEST INC, made $0 in total compensation. Claiming and updating your company profile on Zippia is free and easy. Pursuant to Section 13 or 15(d) of the Securities 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 Common benefits at AppHarvest. Administrative Assistance. What to know, Are you prepared for a tornado? Winds light and variable.. A clear sky. On Aug. 11, 2021, AppHarvest shocked the market with a second-quarter filing that finally revealed the true scope of its problems, including lower-than-expected labor productivity and quality challenges, according to the suits. will be described in the Companys annual proxy statement filed in 2022. The state will provide only performance-based incentives tied to jobs and the overall investment in the project, he said. A look at forecast, timeline. By using this site, you are agreeing to security monitoring and auditing. One salary reported. We cannot build and grow fast enough to meet market demand, CEO Jonathan Webb said at the time. The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer. The Company desires to continue to employ Employee and, in connection therewith, to compensate . 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. The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky. 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. 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. 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. Aaron and Jonathan discuss the major challenges we are facing when it comes to food shortages and . We hope that they are able to prosper.. Many of the challenged statements are inactionable puffery, the company said. Support strong local journalism by subscribing today: courier-journal.com/graces. Item 5.02 Departure of Directors or Certain Popular Jobs. Exhibit 10.24 . Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Here are a few more takeaways from Webb's session: An . Vance, although Vance quit as he became more controversial during his Republican campaign for the U.S. Senate in Ohio. We prioritize direct shipping and reduce transportation fuel by up to 80% compared to produce from Mexico or the U.S. Southwest. Its unfortunate, said Jonathan Webb, AppHarvests founder and chief executive officer, in an interview with the Herald-Leader. Another longtime Dutch firm, Dalsem, designed and manufactured the greenhouse parts, which have been assembled by an Appalachia-based construction company. Sometimes the pieces just dont fit together as were building a team. Before founding AppHarvest, Jonathan worked with the U.S. Department of Defense on one . an. enviando un correo electrnico a ", "AppHarvest recorded a $166 million loss in 2021. $20.64 per hour. For more information, contact opendata@sec.gov. Of this total $250,000 was received as a salary, $1,500,000 was received as a bonus, $0 was received in stock options, $31,282,077 was awarded as stock and $55,782 came from other types of compensation. MT. "This is so pivotal because" of the potential to build a new future for Kentucky, Webbsaidduring a morning video announcement with the Netherlands' top agricultural minister, contractor company executivesandcollege administrators. 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. The pandemic has only amplified the need for long-term planning for food and energysustainability, Webb said, and it's clearly resonating. Paid express lanes grow more popular in once-reluctant South. 2024 is gonna look a lot different than 2022, the CEO said. Travis joined AppHarvest in 2020 after serving in global communications roles in Paris, Tokyo, and Nashville with the Renault-Nissan-Mitsubishi Alliance most recently as Vice President for Nissan Americas and President of the Nissan Foundation. The company also broke ground on another facility in Morehead and a first facility in Somerset, which will be operational by the end of 2022. For more information, please see the SECs Web Site Privacy and Security Policy. The company also closed a separate Series A funding round led by ValueAct Spring Fund. AppHarvest's farms are designed to grow non-GMO, harsh chemical pesticide-free produce using sunshine, 100% recycled . 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. He has been a Director at AppHarvest, Inc. since January 2018. 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. PU. Act of 1934 (240.12b-2 of this chapter). amounts will be payable in equal quarterly installments in arrears following the end of each fiscal quarter in which the service occurs, 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. Jonathan Webb is Chairman/CEO/Founder at AppHarvest Inc. See Jonathan Webb's compensation, career history, education, & memberships. later than 90 days following the end of the applicable performance period. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. AppHarvest is a small internet company based in Kentucky with only 78 employees and an annual revenue of $8.5M. Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 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. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie 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. Emily joined AppHarvest in 2022, bringing nearly 10 years of experience in human resources. Company Overview. Webb attributed the quality problems to scaling up the Morehead facility to 400 employees. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Disculpa The company, which has raised more than $100 million in funding, is building some of the largest indoor farms in the world, combining conventional agricultural techniques with today's . You may also find the annual proxy statement by going directly to the company's website. AppHarvest stock plummeted afterward. Two greenhouses in Berea and Richmond are more than 30 percent constructed. The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 AppHarvest has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. AppHarvest's flagship 60-acre indoor farm in Morehead, Ky., produces non-GMO sustainably grown tomatoes that are available in more than 1,000 top national grocery stores and food service outlets. Kentucky and West Virginia once helped power America with low-cost coal. People in Eastern Kentucky are understandably skeptical about companies that come into the region and make promises about jobs, Webb said. 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. AppHarvest has certainly turned heads, Quarles said. More news:UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA. Plan) which will govern the terms of annual cash incentive awards granted to eligible employees of the Company, as determined Each eligible employee will be assigned an individual incentive [1] AppHarvest's greenhouses aim to primarily use sunlight in lieu of LEDs for growing plants hydroponically. message, please email March 23, 2021, (Exact name of registrant as specified in its 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. [8] [9] David Lee, as well as the AppHarvest CEO and Founder Jonathan Webb on the show in prior, I believe prior . CEO Jonathan Webb explained how it grew from a $250,000 seed round to a public company in three years. There's a lot of hard work to bring it all to fruition, he said. 02/21. AppHarvest is redefining American agriculture by developing modern, large-scale and efficient indoor farms in Central Appalachia, a water-rich region strategically located within a day's drive of approximately 70% of the U.S . He has a bachelors degree in business from the University of Kentucky. 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. Within the massive indoor farms, AppHarvest combines innovative technology with natural resources and farming know-how, "using less to grow more," Jonathan Webb, CEO, tells We First. 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. Insider Sales APPH / Appharvest Inc - Short Term Loss Analysis. Those are set to be completed by mid-2022. 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. Were releasing the race cars onto the track, but were still kind of in ramp-up mode on the race cars, he said. 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. 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. 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. Zippia gives an in-depth look into the details of AppHarvest, including salaries, political affiliations, employee data, and more, in order to inform job seekers about AppHarvest. 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). By JEFF McMURRAY She replaced COO Marcella Butler, who was demoted in April 2021 after five months and terminated four months later. Si continas recibiendo este mensaje, infrmanos del problema 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. Committee may modify and/or adjust the performance goals or the related level of achievement, in whole or in part, as it deems