This excerpt taken from the FARM 8-K filed Mar 7, 2008.
Item 5.02. Appointment of Principal Officers.
(c) On March 5, 2008, the Company announced that it has named Mr. Webb as the Companys Executive Vice President and Chief Operating Officer. Mr. Webbs employment commenced on March 3, 2008. The Company will employ Mr. Webb pursuant to the terms of the Employment Agreement, the terms of which are described above under Item 1.01 and incorporated in this Item 5.02 by reference. The press release relating to Mr. Webbs employment by the Company is attached to this Form 8-K as Exhibit 99.1 and incorporated herein by reference.
Prior to joining the Company, Mr. Webb, age 60, was sole proprietor of DH Webb & Company, a financial consulting firm in Scottsdale, AZ, that specializes in advising clients on issues relating to strategic planning, recapitalizations and mergers and acquisitions. Mr. Webb attended University of Florida, where he received a B.A. in 1969 and received an Executive MBA from Harvard Business School in 1986.
There are no understandings or arrangements between Mr. Webb and any other person pursuant to which Mr. Webb was selected as President and Chief Operating Officer. Mr. Webb has no family relationship with any director or executive officer of the Company. Mr. Webb presently does not have a direct or indirect material interest in any currently proposed transactions to which the Company is to be a party in which the amount involved exceeds $60,000. Since the beginning the past fiscal year Mr. Webb received compensation from the Company of approximately $345,000 for consulting and investment banking services.