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Author: hildy Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 31  
Subject: FARM is Alive... Date: 1/12/2005 2:30 PM
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And I missed it!! I just knew I shoulda dropped a 'dime' on this one at the beginning of this year - LOL ;o)

1/12/2005 = $28.40 - $22.49 = $5.91/$22.49 = 26.28% Gain in 3 days!
1/11/2005 = $27.49 - $22.49 = $5.00/$22.49 = 22.23% Gain in 2 days
1/07/2005 = $22.49

Farmer Bros. Board Names Interim CEO after Roy E. Farmer Unexpectedly Passes Away
January 09, 2005 11:57:00 PM ET


Farmer Bros. Co. FARM said its Board of Directors elected Guenter W. Berger, the Company's Vice President of Production, as Interim Chief Executive Officer. The Board acted Sunday during a special meeting after Chairman, CEO and President Roy E. Farmer, 52, died unexpectedly on Friday. [1/07/05]

Mr. Berger, 67, a 44-year veteran of Farmer Bros., joined the Company soon after he emigrated from Germany. He has held his current title since 1980 and his responsibilities include the Torrance inventory, production, coffee roasting and distribution operations.

Roy E. Farmer in June became the Company's third Board Chairman in 93 years, succeeding his father, Roy F. Farmer, who passed away March 16, 2004. He had been employed by Farmer Bros. Co. for his entire adult life.

"Guenter knows every aspect of our operations better than anyone, has earned loyalty and support from employees and suppliers alike, and has shown himself to be a capable and effective leader during his 24 years as our head of production," said John Merrell, who is among the Board's majority of independent Directors. "We are confident Guenter will maintain our focus on creating shareholder value as well as a stable workplace for the long term."

The Company said it would release additional information as it becomes available.

Farmer Bros. Co. is an institutional coffee roaster that sells a variety of coffee and allied products to the food service industry. The Company's signature trucks and vans bearing the "Consistently Good" logo are seen throughout Farmer Brothers' 28-state service area. Farmer Brothers has paid a dividend for 51 consecutive years, increased the dividend in each of the last seven consecutive years, and its stock price has grown on a split-adjusted basis from $1.80 a share in 1980.
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