Faruqi & Faruqi, LLP Launches An Investigation Against Farmer Brothers Co. (FARM) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Farmer Brothers Co. (“Farmer Bros.” or the “Company”) (NasdaqGM: FARM) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Amended and Restated 2007 Long-Term Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on October 28, 2013, the Board of Directors recommends that Farmer Bros.’ shareholders vote to approve the Amended and Restated 2007 Long-Term Incentive Plan, which amends and restates the existing Farmer Bros. Co. 2007 Omnibus Plan. This would, among other things, increase the authorized number of shares issuable under the plan by up to 1,375,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Farmer Bros. Co. common stock.
If you own common stock in Farmer Brothers Co. and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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