[SCHEDULE 13G/A] Farmer Bros Co SEC Filing

Rhea-AI Filing Summary

On 29 Jul 2025, AmeriServ Financial, Inc. (NASDAQ: ASRV) filed an 8-K detailing the results of its 2025 annual shareholder meeting.

• Director elections: Amy Bradley and Jeffrey A. Stopko each secured roughly 78% support (8.64–8.66 M for), while Kim W. Kunkle won a slimmer 60% margin (6.57 M for, 4.35 M against).
• Say-on-pay: Executive compensation passed with 6.19 M for versus 4.64 M against and 0.22 M abstentions, reflecting a sizable 43% dissent.
• Say-on-pay frequency: Shareholders overwhelmingly chose annual votes (9.14 M) over 3-year (1.79 M) or 2-year (0.04 M) options; the board adopted an annual schedule.
• Auditor ratification: S.R. Snodgrass P.C. retained with 13.41 M for, 0.16 M against.

No other material items were disclosed.

Positive

• All four proposals passed, ensuring board continuity and auditor stability.
• Shareholders endorsed an annual say-on-pay vote, providing clearer feedback cycles.

Negative

• 43% opposition to executive compensation signals notable shareholder discontent.
• Director Kim W. Kunkle faced 40% ‘against’ votes, pointing to targeted governance concerns.

Insights

Corporate Governance Analyst

TL;DR Votes passed, but 43% say-on-pay opposition and 40% dissent on one director flag governance pressure.

The meeting met all quorum and passage thresholds. Directors Bradley and Stopko received strong support; Kunkle’s 40% «against» signals targeted dissatisfaction. Say-on-pay cleared, yet the elevated 43% opposition is well above the 30% watch-list level used by proxy advisors, potentially prompting board engagement and compensation review. Shareholders endorsed an annual say-on-pay cadence, aligning with ISS recommendations. Auditor ratification was routine at 98% support. Overall impact is neutral, but the pay vote dissent merits monitoring for future proxy seasons.

Institutional Portfolio Manager

TL;DR Routine outcomes, but compensation dissent may hint at execution or alignment concerns.

From an investment standpoint, nothing here changes the fundamental thesis. The board remains intact and the auditor stays, avoiding disruption risk. However, nearly half the votes against executive pay indicate a potential disconnect between performance and rewards; if unresolved, it could escalate into activism or distract management. Until concrete operational impacts emerge, I view the filing as governance housekeeping with a watch-flag on pay practices.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

FARMER BROTHERS CO

(Name of Issuer)

Common

(Title of Class of Securities)

307675108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 307675108

1

Names of Reporting Persons

JDB Investment Consulting, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,905,469.00
6	Shared Voting Power
7	Sole Dispositive Power 1,905,469.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,905,469.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.9 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FARMER BROTHERS CO
(b)	Address of issuer's principal executive offices: 14501 N. FREEWAY, FORT WORTH, TEXAS, 76177
Item 2.
(a)	Name of person filing: JDB Investment Consulting,LLC
(b)	Address or principal business office or, if none, residence: 4850 Tamiami Trail North - Suite 301 Naples, FL 34103
(c)	Citizenship: USA
(d)	Title of class of securities: Common
(e)	CUSIP No.: 307675108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,905,469
(b)	Percent of class: 8.85 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,905,469
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of: 1,905,469
	(iv) Shared power to dispose or to direct the disposition of:
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

JDB Investment Consulting, LLC

Signature:	Jonathan Drew Burke
Name/Title:	Managing Member
Date:	07/30/2025