On September 20, 2022, Farmer Bros. Co. confirmed receipt of notice from JCP Investment Management, LLC and its affiliates of its intent to nominate 3 individuals to stand for election to the Company's Board of Directors at the Company's 2022 annual meeting of stockholders.

The Company stated that its Board would review JCP Investment Management's proposed nominees and present its recommendations in the Company's definitive proxy statement, which would be filed with the U.S. Securities and Exchange Commission and mailed to all stockholders eligible to vote at the 2022 annual meeting. The Company also stated that its stockholders are not required to take any action at this time.