JCP Investment Management and 22NW Reach Agreement with Farmer Bros. for Board Representation

Olshan clients JCP Investment Management and 22NW reached an agreement with Farmer Bros. pursuant to which two new directors nominated by JCP will join the board of Farmer Bros. and two incumbent directors agreed to retire. The company also agreed to form a four-member committee to review strategic alternatives and capital allocation initiatives following the upcoming annual meeting, and that both new directors will serve on such committee. Ryan Nebel, Rebecca Van Derlaske and Nikoleta Jaupi represented JCP and 22NW in connection with their agreement with Farmer Bros.