Filing Analysis
Limoneira Company entered into a definitive agreement to sell approximately 724 acres of vineyard properties in Paso Robles for $15 million. The sale is part of a strategy to monetize non-core assets and enhance liquidity, though it results in an additional $4.1 million impairment charge.
🚩 Red Flags
- Cumulative impairment charges related to these assets have reached $13,400,000.
- The sale follows a previously terminated sale transaction (April 20, 2026), suggesting volatility in asset monetization efforts.
📋 Key Facts
- Sale of 724 acres of vineyard properties in Paso Robles, CA for an aggregate purchase price of $15,000,000.
- Buyer is Paul Rusnak and permitted assigns; transaction follows a public auction by Concierge Auctions, LLC.
- The deal is not conditioned upon financing or further due diligence.
- Closing is scheduled to occur no later than September 14, 2026.
- The 2026 harvest remains the property of the Seller, with the Buyer having post-closing access rights through November 30, 2026.
- The transaction includes an additional impairment charge of approximately $4,100,000 to be recognized in Q4 fiscal year 2026.
Limoneira Company reported the termination of a Purchase and Sale Agreement with Peak Holdings, LLC. The agreement, dated April 14, 2026, for the sale of an 80% tenant-in-common interest in real estate parcels in Paso Robles, California, was terminated by the buyer during the due diligence period.
🚩 Red Flags
- Failed asset disposition: The termination of a material agreement during due diligence suggests the buyer found issues with the asset or valuation during their review.
📋 Key Facts
- Termination date: June 15, 2026
- Asset involved: 80% undivided tenant-in-common interest in real estate parcels in Paso Robles, California
- Buyer: Peak Holdings, LLC
- Financial impact: $500,000 escrow deposit to be returned to the buyer
- Reason for termination: Buyer exercised right to terminate during the due diligence review period per Section 5.5 of the agreement
Limoneira Company filed a current report to announce the issuance of a press release regarding its financial results for the quarter ended April 30, 2026.
📋 Key Facts
- The filing date is June 9, 2026.
- The report pertains to the financial results for the quarter ended April 30, 2026.
- The financial results were disseminated via a press release (Exhibit 99.1).
Limoneira's subsidiary entered into an agreement to sell an 80% interest in 724 acres of land in Paso Robles, CA for $16 million. The company expects to record a material impairment charge of approximately $9.3 million in the second quarter of fiscal 2026 as a result of this transaction.
🚩 Red Flags
- Significant impairment charge of $9.3 million relative to the $16 million sale price indicates previous overvaluation of the asset.
- The buyer has a 'sole discretion' termination right until July 1, 2026.
- A substantial portion of the sale price ($6 million) is in the form of a promissory note, introducing credit risk.
📋 Key Facts
- Subsidiary Windfall Investors, LLC is selling an 80% undivided tenant-in-common interest in 724 acres of land.
- The total purchase price is $16,000,000, consisting of $10,000,000 in cash and a $6,000,000 promissory note.
- A material impairment of property, plant, and equipment estimated at $9,300,000 will be recognized in Q2 2026.
- The buyer, Peak Holdings, LLC, has a due diligence period ending July 1, 2026, during which they can terminate at their sole discretion.
- A $500,000 deposit becomes non-refundable after the due diligence period, with half distributed immediately to the company.
Limoneira entered into a 50/50 joint venture with California Wood Recycling (Agromin) to develop an organics recycling facility on 70 acres of Limoneira's land in Ventura County. The deal includes a 50-year lease agreement and a $5 million revolving credit facility provided by Limoneira to the new entity.
🚩 Red Flags
- Limoneira's $5M loan is subordinated to up to $23M in potential senior debt.
- The company may face joint and several liability for future NewCo loans if terms are accepted by both parties.
- Long-term 50-year commitment of land and water rights.
📋 Key Facts
- Formation of Agromin-Limoneira LLC (NewCo) as a 50/50 joint venture.
- Limoneira is providing a $5,000,000 revolving line of credit to NewCo at SOFR + 3.50% with an 18-month maturity.
- NewCo is authorized to incur up to $23,000,000 in senior indebtedness, to which Limoneira's $5M loan will be subordinated.
- Limoneira leased 70 acres and 89 acre-feet of water rights to NewCo for an initial term of 50 years.
- Quarterly rent of $140,000 ($560,000 annually) commences once the facility is operational, expected in H2 2027.
- Both parties may be required to act as guarantors for future third-party institutional financing.
Limoneira Company reported the results of its 2026 Annual Meeting of Stockholders held on March 25, 2026. Shareholders elected two directors, approved executive compensation on an advisory basis, and ratified the appointment of Deloitte & Touche LLP as the independent auditor.
🚩 Red Flags
- Significant withhold vote for Director Elizabeth Mora, receiving 4,921,044 withheld votes against 6,186,379 'for' votes, representing a withhold rate of approximately 44% of votes cast for her seat.
📋 Key Facts
- The Annual Meeting was held on March 25, 2026, with 79.46% of total shares represented.
- Elizabeth Mora and Peter J. Nolan were elected as directors for three-year terms ending in 2029.
- Executive compensation (Say-on-Pay) was approved with 8,401,153 votes in favor and 2,176,063 against.
- Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending October 31, 2026, with 14,440,149 votes in favor.
Limoneira Company announced on March 23, 2026, that its Board of Directors has paused regular cash dividends on its common stock. The company intends to redirect this capital toward strategic investments in avocado production and housing development.
🚩 Red Flags
- Suspension of a regular cash dividend is often viewed negatively by the market and may indicate a need for immediate cash conservation.
- The timeline for resuming dividends is indefinite and dependent on the success of long-term capital projects.
📋 Key Facts
- Dividend pause announced on March 23, 2026.
- Capital is being reallocated to transition agricultural lands to higher-value avocado production.
- Funds will also support the development of new housing projects.
- The Board expects to resume dividends once incremental cash flow from these investments is realized.
- The filing was made under Item 8.01 (Other Events).
Limoneira Company reported its financial results for the first fiscal quarter ended January 31, 2026. The filing serves as a formal notice of the results announcement and includes the full press release as an exhibit.
📋 Key Facts
- The report was filed on March 12, 2026, covering the fiscal quarter ended January 31, 2026.
- The filing was made under Item 2.02 (Results of Operations and Financial Condition).
- A press release detailing the financial performance was furnished as Exhibit 99.1.
- The report was signed by Gregory C. Hamm, Vice President, Chief Financial Officer and Treasurer.
Limoneira Company entered into a three-month consulting agreement with Mark Palamountain, effective February 16, 2026. The agreement transitions Mr. Palamountain from his current role to a strategic advisory capacity.
🚩 Red Flags
- Transition of a key executive (implied) into a consulting role often signals an impending leadership change or departure from active management.
- The short duration (3 months) suggests this is a transitional period rather than a long-term advisory arrangement.
📋 Key Facts
- Mark Palamountain will provide strategic, financial, and transactional advisory services starting February 16, 2026.
- The consulting term is for an initial three-month period.
- Monthly fee of $18,750 payable in arrears starting March 1, 2026.
- Potential discretionary bonus of up to $200,000 based on achievement of specific goals set by the Board.
Limoneira Company has entered into new Transaction Incentive Agreements with Harold S. Edwards and Gregory C. Hamm to replace previous retention bonuses. These agreements tie compensation directly to profits from asset sales or real estate development earnings through October 2031.
🚩 Red Flags
- Significant potential dilution through restricted share awards tied to asset sales.
- High incentive caps ($8M total combined) linked to specific transaction types, which may incentivize aggressive asset liquidation.
📋 Key Facts
- New Transaction Incentive Agreements signed on February 1, 2026 (Edwards) and February 5, 2026 (Hamm).
- Incentives are based on 'PPP Bonuses' derived from profits of asset sales or development earnings through October 31, 2031.
- Harold S. Edwards: Eligible for 5% of PPP bonuses, capped at $2.0M annually and $5.0M total.
- Gregory C. Hamm: Eligible for 3% of PPP bonuses, capped at $1.2M annually and $3.0M total; contingent upon appointment as CFO by Feb 8, 2026.
- Bonus structure is 50% cash and 50% Restricted Shares (100% vested after one year).
- The agreements aim to transition the company toward an 'asset-light model'.
Limoneira Company announced the resignation of CFO and Treasurer Mark Palamountain, effective at a date to be determined. The company has appointed Gregory C. Hamm, the current Vice President and Corporate Controller, as his successor.
🚩 Red Flags
- Sudden departure of the CFO (though an internal successor was named immediately).
- Significant contingent compensation/transaction bonuses tied to share price targets ($28.00 - $40.00 range).
📋 Key Facts
- Mark Palamountain resigned from his role as EVP, CFO, and Treasurer on January 22, 2026.
- Palamountain will remain in an advisory capacity to assist with the leadership transition.
- Gregory C. Hamm appointed as new CFO and Treasurer, effective upon Palamountain's departure.
- Hamm's base salary is set at $350,000.
- Hamm's transaction bonus agreement was amended to include a potential payout of up to $3,150,000 if the share price reaches a target of $40.00 per share.
- Hamm's change in control agreement includes a 200% base salary payout if terminated without cause during specific windows related to a change in control.
Limoneira Company (LMNR) filed an 8-K to furnish its quarterly financial results for the period ended October 31, 2025. The filing serves as a formal announcement of the company's recent operational and financial performance.
📋 Key Facts
- Report date: December 23, 2025
- Reporting period: Quarter ended October 31, 2025
- The filing includes a press release (Exhibit 99.1) detailing financial results.
- The report was signed by Mark Palamountain, CFO and Treasurer.
Limoneira Company entered into a modification of its Master Loan Agreement with AgWest Farm Credit, PCA on December 12, 2025. The modification adjusts key financial covenants, including debt service coverage and leverage ratios, to provide more flexibility in the near term.
🚩 Red Flags
- Modification of debt covenants often suggests the company sought relief to avoid technical defaults or to manage liquidity constraints.
- Addition of a new Debt to Capitalization Ratio covenant limits future financing flexibility in the short term (until July 2027).
📋 Key Facts
- Modification to Master Loan Agreement (MLA) dated June 26, 2025.
- Minimum Debt Service Coverage Ratio set at 1.25 to 1.00 for fiscal years ending Oct 31, 2027, and thereafter.
- Total Net Leverage Ratio ceiling adjusted: from a stepped reduction (6.0x in July 2026; 5.0x in Oct 2026) to a fixed 4.50 to 1.00 starting Oct 31, 2027.
- New Debt to Capitalization Ratio covenant added: maximum of 0.45 to 1.00, measured quarterly from Jan 31, 2026, until July 31, 2027.
Limoneira Company has approved a new Form of Award Agreement under its 2022 Omnibus Incentive Plan. The update is designed to align employee compensation with the company's restructured business model following the merger of sales and marketing functions into Sunkist Growers, Inc.
🚩 Red Flags
- None identified; this appears to be a routine administrative update to compensation structures following a corporate reorganization.
📋 Key Facts
- Board approval date: November 17, 2025
- The new Award Agreement replaces the previous Form of Performance-Based Restricted Share Award Agreement disclosed on November 2, 2023.
- Awards include restricted shares of common stock, performance-based share awards, and performance-based compensation awards.
- The change is driven by a business model shift resulting from the merger of sales/marketing functions into Sunkist Growers, Inc. (disclosed June 9, 2025).
Limoneira Company's Chilean subsidiaries have entered into an agreement to sell 600 acres of citrus land (lemons and oranges) plus unplanted lands and water rights for a total aggregate price of $14,967,190. The sale includes a significant upfront component followed by contingent payments based on the buyer's future free cash flows.
🚩 Red Flags
- The structure of the 'Balance Payments' is contingent upon the future free cash flows of the buyer, introducing significant uncertainty regarding the actual realized value and timing of the remaining $8.17M.
- Complexity of cross-border real estate transaction in Chile involving multiple subsidiaries (Azucar and San Pablo).
📋 Key Facts
- Total transaction value: $14,967,190.
- Assets sold include 500 acres of lemons, 100 acres of oranges, unplanted lands, and water rights in Chile.
- Initial payment to be made within 60-90 days after closing in the aggregate amount of $6,800,000.
- Remaining balance of $8,167,190 is structured as installment payments based on excess free cash flows of the combined operations (Fruticola Bellavista SpA and sold properties) measured annually as of March 31.
- Buyer's obligations are secured by a pledge on its corporate equity interests in favor of the Sellers.
Limoneira Company has entered into a Termination and Release Agreement with PAI Centurion Citrus, LLC to end their Grower Packing & Marketing Agreement (GPMA). The termination is effective as of October 13, 2025.
🚩 Red Flags
- None identified; this appears to be a routine termination of a service agreement following the completion of a harvest cycle.
📋 Key Facts
- Termination of the GPMA between Limoneira Company and PAI Centurion Citrus, LLC was executed on October 20, 2025.
- The agreement is effective retroactively as of October 13, 2025.
- PAI has fully delivered the 2024/2025 lemon crop to the Company.
- All obligations regarding lemons harvested after the 2024/2025 crop are terminated.
- Surviving provisions include specific payments due to PAI and costs payable by PAI for the 2024/2025 crop.
Limoneira Company (LMNR) filed an 8-K to furnish its quarterly financial results for the period ended July 31, 2025. The filing serves as a formal announcement of the company's recent earnings performance.
📋 Key Facts
- The report covers financial results for the quarter ended July 31, 2025.
- The filing was made on September 9, 2025.
- Financial results were released via a press release attached as Exhibit 99.1.
Limoneira Company has increased its ownership stake in Limco Del Mar, Ltd. from 28.8% to 54.5%. The company closed an offer to purchase 80,608 limited partnership units for approximately $5.6 million.
📋 Key Facts
- Purchased 80,608 limited partnership units from 78 limited partners.
- Purchase price was $70 per unit.
- Total transaction value is approximately $5.6 million.
- Ownership in Limco Del Mar, Ltd. increased from 28.8% to 54.5%.
- The acquisition provides the company with a controlling interest (majority stake) in the partnership.
Limoneira Company entered into an amended and restated Master Loan Agreement with AgWest Farm Credit, PCA, providing a total borrowing capacity of $115 million. The facility includes both revolving ($114M) and non-revolving ($1M) components to support company operations.
🚩 Red Flags
- Restrictive financial covenants, specifically the requirement for a Debt Service Coverage Ratio of at least 1.25:1 starting in FY2026.
- The Total Net Leverage Ratio must decrease significantly over the next year (from 6.0x to 4.5x) to remain compliant.
📋 Key Facts
- Entered into an amended/restated Master Loan Agreement (MLA) with AgWest Farm Credit, PCA on June 26, 2025.
- Total aggregate borrowing capacity of $115,000,000 ($114M revolving, $1M non-revolving).
- Revolving credit interest rate starts at 6.600% per annum, based on one-month SOFR plus a margin of 2.15% to 3.00%.
- Non-revolving credit interest rate is 6.900% per annum.
- All indebtedness is secured by first liens on company stock, funds with the lender, and certain agricultural properties in Ventura County, CA.
- Maturity date for both supplements is July 1, 2030.
- Includes restrictive covenants: Minimum Debt Service Coverage Ratio (≥1.00:1 for FY2025; ≥1.25:1 thereafter) and declining Total Net Leverage Ratios (targeting 4.50 to 1.0 by late 2026).
Limoneira Company (LMNR) filed an 8-K to furnish its quarterly financial results for the period ended April 30, 2025. The filing serves as a formal announcement of the company's recent earnings performance.
📋 Key Facts
- The report pertains to the quarter ended April 30, 2025.
- Financial results were announced via press release on June 9, 2025.
- The filing includes Exhibit 99.1 containing the earnings press release.
Limoneira Company entered into a three-year Packinghouse License Agreement with Sunkist Growers, Inc., effective November 1, 2025. The agreement involves merging Limoneira's citrus sales and marketing operations into Sunkist and transitioning its brokerage business exclusively to Sunkist.
🚩 Red Flags
- Loss of independence in citrus sales/marketing: The company is committing to market and sell citrus 'only through Sunkist' and according to their instructions.
- Business model shift: Transitioning the brokerage business exclusively to a third party reduces direct control over customer relationships and pricing discovery.
📋 Key Facts
- Agreement signed on June 6, 2025, with an effective term from November 1, 2025, through October 31, 2028.
- Limoneira will transition its citrus brokerage and purchase business exclusively to Sunkist.
- Sunkist grants Limoneira permission to grade, label, pack, and ship Sunkist grower fruit using the Sunkist trademark.
- Limoneira grants Sunkist an exclusive, non-transferable license to use Limoneira's trademark for fruit packed under the agreement.
- The Company will become a member of Sunkist and Fruit Growers Supply Company (FGS).
- The contract includes automatic one-year extensions starting November 1, 2026.
This is an amended 8-K filing (8-K/A) submitted by Limoneira Company to correct a hyperlink error in the original filing from April 9, 2025. The amendment specifically addresses Item 9.01 to ensure Exhibit 99.1 points to the correct Annual Meeting Presentation.
📋 Key Facts
- The filing is an 'Amended 8-K' (Form 8-K/A).
- Purpose: To amend and restate Item 9.01 of the Original 8-K filed on April 9, 2025.
- Correction: Fixing an incorrect hyperlink for Exhibit 99.1 (2025 Annual Meeting Presentation).
- The original 8-K remains unchanged in all other respects.
Limoneira Company held its Annual Meeting of Stockholders on April 9, 2025. The meeting resulted in the successful election of three directors and the ratification of Deloitte & Touche LLP as the independent auditor.
📋 Key Facts
- Annual Meeting held on April 9, 2025, at the Museum of Ventura County Agriculture Museum.
- Quorum was established with 81.16% of total shares of capital stock outstanding present in person or by proxy.
- Three directors (Barbara Carbone, Gordon E. Kimball, and Scott S. Slater) were elected to three-year terms ending in 2028.
- Stockholders approved executive compensation on a non-binding advisory basis.
- Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending October 31, 2025.
Limoneira Company announced its annual stockholders' meeting scheduled for April 9, 2025, and reported a $10 million distribution from its real estate joint venture with The Lewis Group of Companies.
📋 Key Facts
- Annual stockholders' meeting scheduled for April 9, 2025, at the Museum of Ventura County Agriculture Museum.
- Received a $10,000,000 distribution from its 50%/50% real estate development joint venture with The Lewis Group of Companies.
- The company provided an Annual Meeting Presentation as Exhibit 99.1.
Limoneira Company announced a letter of intent (LOI) to establish a 50/50 joint venture with Agromin Corporation. The partnership aims to expand the company's organic waste recycling program.
📋 Key Facts
- Entered into a Letter of Intent (LOI) on April 8, 2025.
- Proposed structure is a 50%/50% joint venture with Agromin Corporation.
- Objective: Expansion of organic waste recycling programs.
Limoneira Company has announced a new $30 million share repurchase program and the formal termination of its previously initiated process to explore potential strategic alternatives.
🚩 Red Flags
- Termination of strategic alternative exploration can sometimes indicate a failed sale process or shift in corporate strategy, though often viewed neutrally if accompanied by capital return.
📋 Key Facts
- Board approved a share repurchase program on March 14, 2025.
- The repurchase program authorizes up to $30,000,000 in common stock repurchases.
- The company has formally ceased exploring potential strategic alternatives (previously announced Dec 1, 2023).
- Repurchases will be conducted via open market or privately negotiated transactions.
Limoneira Company (LMNR) filed an 8-K to announce its financial results for the fiscal quarter ended January 31, 2025. The filing serves as a formal announcement of earnings via a press release.
📋 Key Facts
- Report date: March 12, 2025
- Reporting period: Quarter ended January 31, 2025
- The company issued a press release (Exhibit 99.1) containing the financial results.
- Filed by Mark Palamountain, CFO and Treasurer.
Limoneira Company announced the termination of a Farm Management Agreement (FMA) with Capital Agricultural Property Services, Inc. (on behalf of PGIM). The agreement, which covered management services for 3,537 acres in Tulare County, will terminate on March 31, 2025.
🚩 Red Flags
- Loss of management services revenue for 3,537 acres of citrus groves previously owned by the company but now held by PGIM.
📋 Key Facts
- The Farm Management Agreement (FMA) was originally dated January 31, 2023.
- Termination notice received from PGIM on March 1, 2025.
- Effective termination date of the FMA is March 31, 2025.
- The agreement covered management and operations for 3,537 acres of citrus groves in Tulare County, CA (Northern Properties).
- The Company stated it will not suffer any material early termination penalties.
- A separate Grower Packing & Marketing Agreement (GPMA) remains in effect with an initial five-year term.
Limoneira Company issued an 8-K to furnish its quarterly financial results for the period ended October 31, 2024. The filing serves as a formal announcement of the company's recent operational and financial performance.
📋 Key Facts
- Reporting date: December 23, 2024
- Period covered: Quarter ended October 31, 2024
- The filing includes an earnings press release as Exhibit 99.1
- Ticker symbol: LMNR (NASDAQ Global Select Market)
Limoneira Company issued an 8-K to furnish its quarterly financial results for the period ending July 31, 2024. The filing serves as a formal announcement of the company's recent operational and financial performance.
📋 Key Facts
- The report covers financial results for the quarter ended July 31, 2024.
- The filing was made on September 9, 2024.
- Results were announced via a press release furnished as Exhibit 99.1.
Limoneira Company has entered into transaction bonus agreements with its CEO (Harold Edwards) and CFO (Mark Palamountain). These bonuses are triggered by significant corporate events, including a potential sale or merger of the company.
🚩 Red Flags
- Potential conflict of interest: Executive compensation is directly tied to the successful sale or change in control of the company, which may incentivize management to favor a transaction over long-term shareholder value.
- Significant cash outflows ($6.9M+ combined) triggered by corporate restructuring/sale.
📋 Key Facts
- Agreements approved on August 22, 2024, for Named Executive Officers (NEOs) Harold Edwards and Mark Palamountain.
- Triggers include: sale/disposition of 80%+ of assets, change in beneficial ownership >50%, or a change in the majority of the Board within two years.
- CEO Harold Edwards' base bonus is $3.75M if share price is at least $28.00; max target bonus of $5.25M at $40.00/share.
- CFO Mark Palamountain's base bonus is $2.225M if share price is at least $28.00; max target bonus of $3.15M at $40.00/share.
- Bonuses are subject to offsets from previously granted 'Strategic Special Projects Bonuses'.
Limoneira Company has approved and entered into Change in Control Agreements for its Named Executive Officers (NEOs) and certain other management members. These agreements provide significant severance benefits, including cash payments of 200% of base salary for NEOs and 100% for other management, triggered by a change in control event.
🚩 Red Flags
- Significant cash outflows (200% salary for top executives) triggered by potential M&A activity.
- The timing of these agreements often precedes discussions regarding a sale or merger of the company.
📋 Key Facts
- Board approved Change in Control Agreements on July 23, 2024.
- Agreements entered into with NEOs Harold Edwards (CEO) and Mark Palamountain (CFO/Treasurer) on July 24, 2024.
- NEO severance: 200% of base salary plus up to 24 months of COBRA coverage if terminated without cause or resigning for good reason during a change in control window.
- Management severance (non-NEOs): 100% of base salary plus up to 12 months of COBRA coverage.
- Trigger period: Commences upon execution of a definitive change in control agreement or 90 days prior to a change in control, and ends 12 months after the event.
Limoneira Company issued an 8-K to furnish its quarterly financial results for the period ended April 30, 2024. The filing serves as a formal announcement of the company's recent earnings performance.
📋 Key Facts
- The report covers financial results for the quarter ended April 30, 2024.
- The announcement was made via press release on June 6, 2024.
- The filing includes Exhibit 99.1 containing the full press release.
Limoneira Company announced that the Santa Paula City Council approved a proposal to increase entitled dwelling units at its Harvest master planned community from 1,500 to 2,050. This development is part of a joint venture with The Lewis Group of Companies.
📋 Key Facts
- Santa Paula City Council approved an increase in entitled dwelling units for the 'Harvest' project.
- Entitlement increase: from 1,500 to 2,050 total units.
- The project is a master planned community developed via a joint venture with The Lewis Group of Companies.
- Announcement date: May 7, 2024.
Limoneira Company announced the closing of 554 additional residential homesite sales at its Harvest at Limoneira community, a joint venture with The Lewis Group of Companies.
📋 Key Facts
- Closing of 554 additional residential homesite sales.
- Location: Harvest at Limoneira planned community.
- Joint venture partner: The Lewis Group of Companies.
- Announcement date: May 2, 2024.
Limoneira Company held its 2024 Annual Meeting of Stockholders on March 26, 2024. Shareholders approved several key items, including the election of directors, executive compensation advisory votes, and an amendment to increase shares available under the 2022 Omnibus Incentive Plan.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Annual Meeting held on March 26, 2024, with a quorum representing 83.38% of total shares outstanding.
- Stockholders approved an amendment to the 2022 Omnibus Incentive Plan to increase available shares from 500,000 to 1,500,000.
- Stockholders approved an amendment to the Certificate of Incorporation to extend exculpation protection for officers under Delaware law.
- Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending October 31, 2024.
- Harold S. Edwards and Edgar A. Terry were elected to the Board of Directors for three-year terms ending in 2027.
Limoneira Company issued an 8-K to announce its financial results for the fiscal quarter ended January 31, 2024. The filing serves as a formal announcement of quarterly earnings via press release.
📋 Key Facts
- Report date: March 7, 2024
- Reporting period: Quarter ended January 31, 2024
- The company issued a press release (Exhibit 99.1) containing the financial results.
- Ticker: LMNR (NASDAQ Global Select Market)