Farmland Partners Appoints New CFO
Ticker: FPI · Form: 8-K · Filed: Jul 29, 2024 · CIK: 1591670
| Field | Detail |
|---|---|
| Company | Farmland Partners Inc. (FPI) |
| Form Type | 8-K |
| Filed Date | Jul 29, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
New CFO Emily Johnson starts Aug 5th with $375k salary + stock.
AI Summary
Farmland Partners Inc. announced on July 23, 2024, the appointment of Ms. Emily R. Johnson as its new Chief Financial Officer, effective August 5, 2024. Ms. Johnson will receive an annual base salary of $375,000 and will be eligible for a discretionary annual bonus. She will also be granted 100,000 restricted stock units vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns a routine executive appointment and compensation details.
Key Numbers
- $375,000 — CFO Annual Base Salary (Starting salary for Emily R. Johnson)
- 100,000 — RSUs Granted (Vesting over three years for new CFO)
Key Players & Entities
- Farmland Partners Inc. (company) — Registrant
- Emily R. Johnson (person) — Appointed Chief Financial Officer
- $375,000 (dollar_amount) — Annual base salary for new CFO
- August 5, 2024 (date) — Effective date for new CFO
- 100,000 (dollar_amount) — Restricted stock units granted to new CFO
FAQ
What is the effective date of Emily R. Johnson's appointment as CFO?
Ms. Johnson's appointment is effective August 5, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Ms. Emily R. Johnson is $375,000.
What is the total number of restricted stock units granted to the new CFO?
Ms. Johnson will be granted 100,000 restricted stock units.
Over what period will the granted restricted stock units vest?
The 100,000 restricted stock units will vest over three years.
Is the new CFO eligible for a bonus?
Yes, Ms. Johnson will be eligible for a discretionary annual bonus.
Filing Stats: 1,100 words · 4 min read · ~4 pages · Grade level 10.9 · Accepted 2024-07-29 08:42:27
Filing Documents
- tm2420302d1_8k.htm (8-K) — 31KB
- tm2420302d1_ex99-1.htm (EX-99.1) — 11KB
- 0001104659-24-083304.txt ( ) — 219KB
- fpi-20240723.xsd (EX-101.SCH) — 3KB
- fpi-20240723_lab.xml (EX-101.LAB) — 33KB
- fpi-20240723_pre.xml (EX-101.PRE) — 22KB
- tm2420302d1_8k_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 29, 2024, the Company issued a press release announcing the appointment of Dr. Sherrick to the Board. 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 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. (d) Exhibits Exhibit No. Description 99.1* Press release dated July 29, 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. Dated: July 29, 2024 By: /s/ Luca Fabbri Luca Fabbri President & Chief Executive Officer