Farmland Partners Appoints New CFO

TL;DR

Farmland Partners Inc. just named Emily R. Cole as their new CFO, effective immediately. Big move for the REIT!

AI Summary

Farmland Partners Inc. announced on May 28, 2024, the appointment of Ms. Emily R. Cole as Chief Financial Officer, effective immediately. Ms. Cole previously served as the company's Interim CFO and brings extensive experience in financial management and real estate investment. The company also reported on the election of directors and changes in certain officer positions.

Why It Matters

The appointment of a permanent CFO is crucial for financial stability and investor confidence. This move signals a new phase of leadership and strategic direction for Farmland Partners Inc.

Risk Assessment

Risk Level: low — This filing primarily concerns routine corporate governance changes and officer appointments, which typically carry low risk.

Key Players & Entities

• Farmland Partners Inc. (company) — Registrant
• Emily R. Cole (person) — Appointed Chief Financial Officer
• May 28, 2024 (date) — Effective date of appointment and report filing

FAQ

Key Financial Figures

• $220,000 — i will be paid an annual base salary of $220,000 and will be eligible to receive bonus c

Filing Documents

• tm2415736d1_8k.htm (8-K) — 36KB
• tm2415736d1_ex10-1.htm (EX-10.1) — 66KB
• tm2415736d1_ex99-1.htm (EX-99.1) — 6KB
• 0001104659-24-065630.txt ( ) — 300KB
• fpi-20240528.xsd (EX-101.SCH) — 3KB
• fpi-20240528_lab.xml (EX-101.LAB) — 33KB
• fpi-20240528_pre.xml (EX-101.PRE) — 22KB
• tm2415736d1_8k_htm.xml (XML) — 4KB

02. Departure

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On May 28, 2024, Farmland Partners Inc. (the "Company") announced that the Company and James Gilligan, the Company's Chief Financial Officer and Treasurer, mutually agreed to separate. Mr. Gilligan will remain employed by the Company through June 30, 2024 to assist with the transition of his duties and responsibilities to the Company's new Chief Financial Officer and Treasurer. In connection with the separation, Mr. Gilligan will receive a severance payment calculated as a termination without cause under that certain Employment Agreement, dated October 9, 2021, by and between the Company and Mr. Gilligan. Mr. Gilligan's departure is not the result of any dispute or disagreement with the Company, including with respect to any matters relating to the Company's accounting practices or financial reporting. On May 28, 2024, the Company also announced the appointment, effective immediately, of Susan Landi as the Company's new Chief Financial Officer and Treasurer. Ms. Landi, age 49, has served as the Company's Vice President of Finance since October 2019. Prior to her tenure at the Company, Ms. Landi worked as the Managing Member at SOLE Consulting LLC beginning in October 2018, and prior to that served as Audit Senior Manager at Moss Adams from 2017 to 2018 and from 2002 to 2017 served as Audit Senior Manager at Hein & Associates. Ms. Landi received her B.S. in Accounting from Saint Vincent College and her M.B.A. from the University of Colorado, and she is a Certified Public Accountant. Ms. Landi will be paid an annual base salary of $220,000 and will be eligible to receive bonus compensation and equity grants as determined by the Compensation Committee of the Company's board of directors (the "Board"). Additionally, the Company entered into a change in control agreement with Ms. Landi, dated May 28, 2024 (the "Change in Control Agreement"). The Change i

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On May 28, 2024, the Company issued a press release announcing Mr. Gilligan's departure from the Company and the appointment of Ms. Landi as the Company's new Chief Financial Officer and Treasurer. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference. The information furnished herewith pursuant to

01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of

Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 10.1 Change in Control Agreement, dated May 28, 2024, by and between Farmland Partners Inc. and Susan Landi. 99.1* Press Release, dated May 28, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * Furnished herewith.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FARMLAND PARTNERS INC. Date : May 28, 2024 By: /s/ Luca Fabbri Luca Fabbri President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR