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Farmer Brothers Co – ‘10-Q’ for 9/30/15 – ‘EX-10.10’

On:  Monday, 11/9/15, at 4:38pm ET   ·   For:  9/30/15   ·   Accession #:  34563-15-68   ·   File #:  1-34249

Previous ‘10-Q’:  ‘10-Q’ on 5/11/15 for 3/31/15   ·   Next:  ‘10-Q’ on 2/9/16 for 12/31/15   ·   Latest:  ‘10-Q’ on 2/8/24 for 12/31/23   ·   6 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/09/15  Farmer Brothers Co                10-Q        9/30/15   80:8M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    590K 
 2: EX-10.10    Material Contract                                   HTML     29K 
 3: EX-10.11    Material Contract                                   HTML     30K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     28K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     25K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     25K 
53: R1          Document and Entity Information                     HTML     43K 
42: R2          Consolidated Balance Sheets                         HTML    145K 
51: R3          Consolidated Balance Sheets (Parenthetical)         HTML     42K 
55: R4          Consolidated Statements of Operations               HTML     84K 
73: R5          Consolidated Statements of Comprehensive Income     HTML     40K 
44: R6          Consolidated Statements of Cash Flows               HTML    126K 
50: R7          Summary of Significant Accounting Policies          HTML     78K 
38: R8          Corporate Relocation (Notes)                        HTML     69K 
29: R9          Facility Lease Obligation                           HTML     41K 
75: R10         Derivative Financial Instruments                    HTML    127K 
57: R11         Investments                                         HTML     37K 
56: R12         Fair Value Measurements                             HTML     86K 
62: R13         Accounts and Notes Receivable, net                  HTML     37K 
63: R14         Inventories                                         HTML     49K 
60: R15         Employee Benefit Plans                              HTML     80K 
64: R16         Bank Loan                                           HTML     36K 
52: R17         Other Long-Term Liabilities                         HTML     34K 
54: R18         Share-Based Compensation                            HTML    120K 
59: R19         Income Taxes                                        HTML     32K 
80: R20         Net Income (Loss) Per Common Share                  HTML     46K 
69: R21         Commitments and Contingencies                       HTML    108K 
47: R22         Summary of Significant Accounting Policies          HTML    121K 
                (Policies)                                                       
58: R23         Corporate Relocation (Tables)                       HTML     60K 
49: R24         Derivative Financial Instruments (Tables)           HTML    120K 
22: R25         Investments (Tables)                                HTML     36K 
70: R26         Fair Value Measurements (Tables)                    HTML     78K 
77: R27         Accounts and Notes Receivable, net (Tables)         HTML     34K 
33: R28         Inventories (Tables)                                HTML     44K 
32: R29         Employee Benefit Plans (Tables)                     HTML     67K 
36: R30         Other Long-Term Liabilities (Tables)                HTML     33K 
37: R31         Share-Based Compensation (Tables)                   HTML    103K 
39: R32         Net Income (Loss) Per Common Share (Tables)         HTML     44K 
20: R33         Commitments and Contingencies (Tables)              HTML     95K 
67: R34         Summary of Significant Accounting Policies -        HTML     46K 
                Narrative (Details)                                              
46: R35         Summary of Significant Accounting Policies -        HTML     64K 
                Corrections to Consolidated Statements of                        
                Operations (Details)                                             
48: R36         Summary of Significant Accounting Policies -        HTML     29K 
                Earnings Per Share (Details)                                     
25: R37         Summary of Significant Accounting Policies - Self   HTML     33K 
                Insurance (Details)                                              
79: R38         Corporate Relocation (Details)                      HTML     94K 
14: R39         Facility Lease Obligation (Details)                 HTML     83K 
40: R40         Derivative Financial Instruments - Narrative        HTML     46K 
                (Details)                                                        
72: R41         Derivative Financial Instruments - Schedule of      HTML     29K 
                Notional Amounts of Outstanding Derivative                       
                Positions (Details)                                              
24: R42         Derivative Financial Instruments - Fair Value of    HTML     48K 
                Derivative Instruments on the Consolidated Balance               
                Sheets (Details)                                                 
31: R43         Derivative Financial Instruments - Pretax Effect    HTML     39K 
                of Derivative Instruments on Earnings and OCI                    
                (Details)                                                        
35: R44         Derivative Financial Instruments - Net Realized     HTML     41K 
                and Unrealized Gains and Losses Recorded in                      
                "Other, net" (Details)                                           
43: R45         Derivative Financial Instruments - Schedule of      HTML     59K 
                Offsetting Derivative Assets and Liabilities                     
                (Details)                                                        
19: R46         Investments - Gross Unrealized Losses (Details)     HTML     31K 
28: R47         Fair Value Measurements - Assets and Liabilities    HTML     56K 
                Measured and Recorded at Fair Value on a Recurring               
                Basis (Details)                                                  
16: R48         Accounts and Notes Receivable, net - Schedule of    HTML     37K 
                Accounts Receivable (Details)                                    
71: R49         Inventories - Schedule of Inventory (Details)       HTML     39K 
23: R50         Inventories - Narrative (Details)                   HTML     24K 
68: R51         Employee Benefit Plans - Narrative (Details)        HTML     40K 
26: R52         Employee Benefit Plans - Components of Net          HTML     58K 
                Periodic Benefit Cost and Amounts Recognized in                  
                Other Comprehensive Income (Details)                             
41: R53         Employee Benefit Plans - Defined Contribution       HTML     36K 
                Plans (Details)                                                  
15: R54         Bank Loan (Details)                                 HTML    145K 
18: R55         Bank Loan Swingline Loans (Details)                 HTML     27K 
34: R56         Other Long-Term Liabilities (Details)               HTML     34K 
21: R57         Share-Based Compensation - Narrative (Details)      HTML     65K 
76: R58         Share-Based Compensation - Weighted Average         HTML     44K 
                Assumptions Used (Details)                                       
45: R59         Share-Based Compensation - Stock Option Activity    HTML    163K 
                (Details)                                                        
61: R60         Share-Based Compensation - Restricted Stock         HTML     86K 
                Activity (Details)                                               
27: R61         Income Taxes - Narrative (Details)                  HTML     31K 
30: R62         Net Income (Loss) Per Common Share (Details)        HTML     55K 
66: R63         Commitments and Contingencies - Narrative           HTML     73K 
                (Details)                                                        
65: R64         Commitments and Contingencies - Contractual         HTML    157K 
                Obligations (Details)                                            
78: XML         IDEA XML File -- Filing Summary                      XML    140K 
17: EXCEL       IDEA Workbook of Financial Reports                  XLSX     96K 
 8: EX-101.INS  XBRL Instance -- farm-20150930                       XML   1.99M 
10: EX-101.CAL  XBRL Calculations -- farm-20150930_cal               XML    241K 
11: EX-101.DEF  XBRL Definitions -- farm-20150930_def                XML    840K 
12: EX-101.LAB  XBRL Labels -- farm-20150930_lab                     XML   1.93M 
13: EX-101.PRE  XBRL Presentations -- farm-20150930_pre              XML   1.14M 
 9: EX-101.SCH  XBRL Schema -- farm-20150930                         XSD    185K 
74: ZIP         XBRL Zipped Folder -- 0000034563-15-000068-xbrl      Zip    257K

‘EX-10.10’   —   Material Contract

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

 <!   C:   C: 
  Exhibit  

Exhibit 10.10
ACTION OF THE
ADMINISTRATIVE COMMITTEE OF THE FARMER BROS. CO.
QUALIFIED EMPLOYEE RETIREMENT PLANS

Farmer Bros. Co. Amended and Restated Employee Stock Ownership Plan

The undersigned members of the Administrative Committee, having the authority to act on the matter set forth below, hereby approve the following:

WHEREAS, Section 12.01 of the Farmer Bros. Co. Amended and Restated Employee Stock Ownership Plan (the “Plan”) permits amendments to the Plan from time to time.

WHEREAS, this Committee deems it appropriate to amend the Plan to provide for full vesting of the Accounts of certain Plan Members due to the closure of the Company’s corporate headquarters and manufacturing/distribution facilities located in Torrance, California.

NOW, THEREFORE, BE IT RESOLVED, that Section 6.01 of the Plan is hereby amended effective as of January 1, 2015, as follows:

“6.01    Vesting Schedule

(a)
A Member shall be fully vested in, and have a nonforfeitable right to, his/her Account upon completion of five years of Vesting Service. Notwithstanding the foregoing, a Member who is actively employed by the Employer or an Affiliate on or after January 1, 2016, shall be fully vested in, and have a nonforfeitable right to, his/her Account upon completion of three years of Vesting Service;

(b)
Notwithstanding the foregoing, a Member shall be fully vested in, and have a nonforfeitable right to, his/her Account upon death, Disability, or the later of the attainment of his/her 55th birthday or the tenth anniversary of the date he/she becomes a Member; and

(c)
Notwithstanding the foregoing, any Member (1) whose Severance Date occurs on or after January 1, 2015, in connection with the Company’s closure of its corporate headquarters and manufacturing/distribution facilities located in Torrance, California, and (2) who works with the Company at the Torrance location until his/her expected termination date, shall be fully vested in, and have a nonforfeitable right to, his/her Account as of his/her Severance Date.”

BE IT FURTHER RESOLVED, that the appropriate officers of the Company, and the individuals who have been properly delegated authority for the administration of the Plan, are hereby authorized to do such other things as may be necessary or advisable to give effect to the foregoing resolution.

Dated: June 30, 2015


____/s/ Mark J. Nelson______________
Title: _Treasurer and CFO____________


/s/ Thomas J. Mattei, Jr.
Title: _General Counsel ____


____/s/ Rene E. Peth_______________
Title: V.P., Corporate Controller________


________________________________
Title: ____________________________
 
 



-1-    

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
1/1/16
Filed on:11/9/15
For Period end:9/30/15
6/30/1510-K
1/1/15
 List all Filings 

6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/27/23  Farmer Brothers Co.               10-K/A      6/30/23   14:1.4M                                   Toppan Merrill/FA
 9/12/23  Farmer Brothers Co.               10-K        6/30/23  129:14M
10/27/22  Farmer Brothers Co.               10-K/A      6/30/22   14:1.4M                                   Broadridge Fin’l So… Inc
 9/02/22  Farmer Brothers Co.               10-K        6/30/22  126:15M
 9/10/21  Farmer Brothers Co.               10-K        6/30/21  124:15M
 9/11/20  Farmer Brothers Co.               10-K        6/30/20  140:24M
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