Coffee Holding Co. Amends CEO Employment, Restores Salary

What Happened
Coffee Holding Co., Inc. (JVA) filed an 8-K (Item 5.02) disclosing Amendment No. 2 to the employment agreement with President and CEO Andrew Gordon. On August 29, 2026 the compensation committee approved the amendment, which was executed on August 31, 2026. The amendment restores Mr. Gordon’s base salary to $450,000 per year effective February 1, 2026 and provides for a make‑whole payment for the difference in pay dating back to that effective date.

Key Details

• Amendment No. 2 was authorized Aug. 29, 2026 and executed Aug. 31, 2026.
• Base salary restored to $450,000 per year effective Feb. 1, 2026 (previously reduced to $80,000 under Amendment No. 1).
• Company will make a make‑whole payment “as soon as practicable” for unpaid salary difference since Feb. 1, 2026.
• The amendment removes the prior incentive bonus provision — a $1.6 million bonus Mr. Gordon would have been eligible for if employed through Jan. 1, 2030.

Why It Matters
For investors, this filing clarifies the company’s commitment to its CEO by reinstating his full base pay and compensating him for the interim reduction, while simultaneously removing a large long‑term incentive payout. Restoring salary affects near‑term cash compensation and the eliminated bonus changes potential long‑term payout obligations; both are relevant when assessing executive costs and incentive structure. The company filed the amendment as Exhibit 10.1 to the Form 8‑K.