Emily joined AppHarvest in 2022, bringing nearly 10 years of experience in human resources. 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. 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. Pursuant to the requirements of the Securities Exchange Act of 1934, Jonathan Webb - Founder & CEO @ AppHarvest - Crunchbase Person Profile 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.. 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 with robotics and artificial intelligence capabilities to build a reliable, climate-resilient food system. 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. 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 facility itself is really living while the plants are living," explains Jonathan Webb, AppHarvest's CEO. Have you worked at AppHarvest? ", "What Will the Rise of Giant Indoor Farms Mean for Appalachian Kentucky? She replaced COO Marcella Butler, who was demoted in April 2021 after five months and terminated four months later. This page provides a comprehensive analysis of the known insider trading history of Jonathan Webb. Webb's sprawling Appalachia dream has been featured on CBS' 60 Minutes and in major newspapers across the country. 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. para informarnos de que tienes problemas. 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. AppHarvest has rounded up $120 million in venture capital, including cash from AOL co-founder Steve Case's Rise of the Rest fund. Stars Sophia Bush Jonathan Webb See production, box office & company info Add to Watchlist Photos Add photo Top cast Edit Sophia Bush Self - Host Jonathan Webb 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. 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. I mean, look at GM, for example, and all the different auto brands inside of GM. APPHARVEST, INC. : Change in Directors or Principal Officers (form 8-K Jonathan Webb - Biography - MarketScreener.com Beshear indicated that the state eventually may provide incentives, but it won't involve a taxpayer-funded investment as seen during "the last administration." Southern states are more frequently turning to pay-to-use express lanes as a way to address highway congestion without raising taxes. Jonathan Webb's Post Jonathan Webb CEO at AppHarvest 1y 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. But it launched on an ambitious scale in a region of Kentucky that sorely needed new jobs, Quarles said. Jonathan Webb, Founder & CEO, AppHarvest 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. Before founding AppHarvest, Webb worked with the U.S. Department of Defense on one of the largest solar projects in the Southeastern U.S., to ensure that the military's hundreds of installations develop resilient on-site power generation and receive 20% of their electricity from renewable sources by 2025. 1001 and 1030). A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Onze 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. charter), Registrants telephone number, including Marketing. More news:UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA. You may also find the annual proxy statement by going directly to the company's website. 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. AppHarvest salaries: How much does AppHarvest pay? - Indeed Absent additional sources of financing, we expect that our existing cash and cash equivalents will only allow us to continue our planned operations into the first quarter of 2023, the company said. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Over the last four quarters, AppHarvest's revenue has decreased by 82.9%. AppHarvest's (APPH) CEO Jonathan Webb on Q1 2021 Results - Earnings Call Transcript May 17, 2021 12:38 PM ET AppHarvest, Inc. (APPH) SA Transcripts 128.21K Follower s Play Earnings Call. AppHarvest CEO on scaling sustainable agriculture: 'We don - Yahoo! adjusted EBITDA and improvement in the Companys benefit corporation certification score, as well as individual performance goals. At least 4 deaths; power outages climb. 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. 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. 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. 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. Net sales from 8.6 million pounds of tomatoes were $3.1 million, an increase of $800,000 from this year's first quarter. Coronavirus Tips Working and Protection. 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. Besides a$97 million greenhouse projectscheduled to open this fall, companyfounder Jonathan Webb, Dutch leadersand Gov. Aaron and Jonathan discuss the major challenges we are facing when it comes to food shortages and . March 23, 2021, (Exact name of registrant as specified in its Insurance. The problems are fixable, AppHarvest President David Lee said. Caso continue recebendo esta mensagem, KY-based AppHarvest admits serious concerns about its future If you continue to see this The company operates a 60-acre tomato farm in Morehead, Kentucky,[1][2] with plans to operate an additional 3 farms across Kentucky. People don't leave purpose-driven companies, AppHarvest CEO says 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. AppHarvest currently operates its 60-acre flagship farm in Morehead, Ky., producing tomatoes, a 15-acre indoor farm for salad greens in Berea, Ky., a 30-acre farm for strawberries and cucumbers in Somerset, Ky., and a 60-acre farm in Richmond, Ky., for tomatoes. AppHarvest Founder|CEO Jonathan Webb will lead the Indoor Ag-Con keynote , "How Tech In Farming Can Build A Resilient Food System," on Feb 28, 2022 at 11 am Employee is employed by the Company as its Chief Executive Officer. At the Morehead site, the goal is to harvest 45 million pounds of fresh produce each year, mostly tomatoes, that now are raised in Canada and Mexico, a country that exports 4 billion tomatoes a day. AppHarvest also invested $5 million in Red Sea Farms, an AgTech company based in the Middle East for sustainable farming in water-scarce areas by using saltwater for both growing and cooling. The suits cite the eyewitness accounts of six unnamed confidential witnesses who allegedly held different jobs inside AppHarvest during 2021. 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 has cumulatively spent at least $641 million for operations and fixed assets since 2018, when it incorporated, according to public filings. We would like to show you a description here but the site won't allow us. 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 foregoing description What to know, Are you prepared for a tornado? He has a bachelors degree in business from the University of Kentucky. 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. Appharvest has nearly 700 workers as of this month, he said. Webb also announced plans for selling tomato-based products like salsa and Bloody Mary mix next year. That includes businesswoman and celebrity Martha Stewart, who Webb said hasjoined the company board of directors. The Company desires to continue to employ Employee and, in connection therewith, to compensate . AppHarvest has 78 employees, of which 30 are in a leadership position. 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. selling tomatoes from the flagship Morehead greenhouse. "Greenwashing" Doesn't Work: Jonathan Webb, Founder & CEO, AppHarvest Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. In order to receive an award under the Cash Incentive At times, the company had to bring in contract labor from outside the region, according to the suits. AppHarvest's farms are designed to grow non-GMO produce using . 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. AppHarvest's Competitors, Revenue, Number of Employees - Owler UPS has a new facility in Louisville to distribute coronavirus supplies for FEMA, Your California Privacy Rights / Privacy Policy. Beshear told reporters in Frankfort that he's excited about the infusion ofscience and tech know-how. He's not letting it distract from realities on the ground, in the eastern Kentucky mountains. 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. have filed five federal lawsuits against AppHarvest in the last 15 months. Here are a few more takeaways from Webb's session: An . Designed to grow non-GMO, chemical pesticide-free produce, the indoor farms use up to 90 percent less water than open-field . Investors Dig Into AppHarvest | The Motley Fool - Nasdaq Winds approaching hurricane force are blowing across Kentucky. Is the biggest greenhouse in the U.S. the future of farming? CNN asked in its feature on the company last year. AppHarvest to Become a Public AgTech Company - Urban Ag News About Us AppHarvest 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. AppHarvest discloses 'substantial doubt' about its future Jonathan Webb - Meaningful Business Community Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. AppHarvest's mission statement is "We're building a sustainable, homegrown food supply that's accessible to all, all year long.". for a cash incentive award determined based on the achievement of specified annual Company performance goals, which include net revenue, $357,640 per year. amounts will be payable in equal quarterly installments in arrears following the end of each fiscal quarter in which the service occurs, Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. AppHarvest Founder and CEO Jonathan Webb, a solar industry veteran, knew he had to do something to help his hometown community. This story was originally published August 12, 2021, 2:46 PM. 02/21. The top 10 competitors average 136.1M. When we spoke on the phone, AppHarvest had just completed planting of its first crop of tomatoes. 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 . Support strong local journalism by subscribing today: courier-journal.com/graces. Vance, although Vance quit as he became more controversial during his Republican campaign for the U.S. Senate in Ohio. Two greenhouses in Berea and Richmond are more than 30 percent constructed. 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. Sign up now to get our FREE breaking news coverage delivered right to your inbox. 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. envie um e-mail para 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. Winds light and variable. copy of which is attached hereto as Exhibit 10.2 and is incorporated herein by reference. AppHarvest says it never misled anyone. People in Eastern Kentucky are understandably skeptical about companies that come into the region and make promises about jobs, Webb said. AppHarvest Acquires Flagship Morehead, Ky. Controlled Jonathan Webb - salary.com message, please email 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. But AppHarvest actually has built farms, hired people and started to deliver produce to market, Webb said. AppHarvest expected to sell $20 million to $25 million this year but have scaled back their targets to $7 million to $9 million. APPHARVEST INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Thank you for your interest in the U.S. Securities and Exchange Commission. Thats right 70% of the U.S. population is within a days drive, which means our produce can be picked riper and delivered to stores near you within a day. All proxy statements are public filings made available to the general public by the SEC. PU. Working At AppHarvest: Employee Reviews And Culture - Zippia 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. Three thoughts on leadership from the founder and CEO of AppHarvest scaling up the Morehead facility to 400 employees. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. You can help Wikipedia by expanding it. AppHarvest, Inc. (APPH) Leadership & Management Team Analysis - Simply Jonathan Webb is on Facebook. Work in Progress with Sophia Bush: Jonathan Webb on Apple Podcasts Jonathan Webb AppHarvest and Steve Case | | wdrb.com naar AppHarvest competitors include powergrow. 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. 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. The 2021 incentive targets for the Companys current High 59F. APPHARVEST INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant las molestias. $47,691 per year. 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. to let us know you're having trouble. Paid express lanes grow more popular in once-reluctant South. 2023 www.courier-journal.com. ValueAct Capital Co-founder and CEO Jeffrey W. Ubben also announced he would join AppHarvest's Board of Directors. University of Kentucky Bachelor of Business Administration Major in Marketing Recent News and Activity Number of News Articles 30 News Jul 6, 2021 Wir entschuldigen uns fr die Umstnde. One analyst described the report as well below expectations. The companys stock price plunged. scusiamo se questo pu causarti degli inconvenienti. Insiders are officers, directors, or significant investors in a company. each annual performance period, the Committee will determine achievement of the Company and individual performance goals. Nous sommes dsols pour la gne occasionne. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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.). The foregoing description Webb said the company has ample funds for the construction of future farms. Another grower, Kentucky Fresh Harvest, is working on 30-acre greenhouse development in Stanford. The company also closed a separate Series A funding round led by ValueAct Spring Fund. Outside In with Charles Trevail: Jonathan Webb, CEO, AppHarvest Liz Moomey is a Report for America Corps member covering Eastern Kentucky for the Lexington Herald-Leader. "Work in Progress with Sophia Bush" Jonathan Webb (Podcast - IMDb 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. Lewis Honors College Speaker Series: Jonathan Webb We dont wait at borders. 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. SEC.gov | HOME Jonathan Webb | Facebook Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The chart on this page features a breakdown of the total annual pay for , at APPHARVEST INC as reported in their proxy statements. CEO Jonathan Webb explained how it grew from a $250,000 seed round to a public company in three years. 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. The performance measures for the Companys named executive officers for the Companys fiscal year ending December 31, 2021 Jonathan Webb is Chairman/CEO/Founder at AppHarvest Inc. See Jonathan Webb's compensation, career history, education, & memberships. United States. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 . AppHarvest Founder and CEO Jonathan Webb speaks during groundbreaking for the new facility located in Shopville, on June 21, 2021. As one of many examples of misleading statements, it cites an interview that Webb gave on March 4, 2021, to an investing news site in which he said, I think that every tomato that weve produced has been readily put into the market.. "This startup is going to put one of the world's largest sustainable greenhouses in coal country", "Could the biggest greenhouse in the US be the future of farming? Grace Schneider: 502-582-4082; gschneider@courierjournal.com; Twitter: @gesinfk. Jonathan Webb - Sustainable Brands Live Events Location. 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. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. Jonathan Webb - Founder & CEO - AppHarvest | LinkedIn
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