Limoneira Company Announces 2024 Annual Meeting of Stockholders

Ticker: LMNR · Form: DEF 14A · Filed: Feb 12, 2024 · CIK: 1342423

Complexity: simple

Sentiment: neutral

Topics: Limoneira, Annual Meeting, Proxy Statement, Stockholders, Sustainability

TL;DR

<b>Limoneira Company is holding its 2024 Annual Meeting of Stockholders on March 26, 2024, and encourages prompt voting.</b>

AI Summary

Limoneira CO (LMNR) filed a Proxy Statement (DEF 14A) with the SEC on February 12, 2024. The 2024 Annual Meeting of Stockholders for Limoneira Company will be held on March 26, 2024, at 10:00 a.m. Pacific Time. The meeting will take place at the Museum of Ventura County Agriculture Museum, 926 Railroad Avenue, Santa Paula, California, 93060. Limoneira is focusing on sustainable agricultural and community development, with an 'asset-light' model and reduced non-core assets. The company initiated a process in December to analyze its corporate structure for future opportunities. Stockholders are encouraged to vote their shares promptly via telephone, Internet, or by returning the proxy card.

Why It Matters

For investors and stakeholders tracking Limoneira CO, this filing contains several important signals. The meeting is a key event for shareholders to understand the company's strategic direction, including its focus on sustainability and an 'asset-light' model. Shareholder participation through voting is crucial for decisions regarding the company's future corporate structure and alignment with shareholder interests.

Risk Assessment

Risk Level: — Limoneira CO shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes disclosed.

Analyst Insight

Review the proxy materials to understand the proposals to be voted on at the Annual Meeting and cast your vote.

Key Numbers

Key Players & Entities

FAQ

When did Limoneira CO file this DEF 14A?

Limoneira CO filed this Proxy Statement (DEF 14A) with the SEC on February 12, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Limoneira CO (LMNR).

Where can I read the original DEF 14A filing from Limoneira CO?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Limoneira CO.

What are the key takeaways from Limoneira CO's DEF 14A?

Limoneira CO filed this DEF 14A on February 12, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Limoneira Company will be held on March 26, 2024, at 10:00 a.m. Pacific Time.. The meeting will take place at the Museum of Ventura County Agriculture Museum, 926 Railroad Avenue, Santa Paula, California, 93060.. Limoneira is focusing on sustainable agricultural and community development, with an 'asset-light' model and reduced non-core assets..

Is Limoneira CO a risky investment based on this filing?

Based on this DEF 14A, Limoneira CO presents a moderate-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes disclosed.

What should investors do after reading Limoneira CO's DEF 14A?

Review the proxy materials to understand the proposals to be voted on at the Annual Meeting and cast your vote. The overall sentiment from this filing is neutral.

How does Limoneira CO compare to its industry peers?

Limoneira operates in the agriculture production sector, focusing on crops.

Are there regulatory concerns for Limoneira CO?

The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934.

Industry Context

Limoneira operates in the agriculture production sector, focusing on crops.

Regulatory Implications

The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934.

What Investors Should Do

  1. Review the proxy statement for details on proposals and voting procedures.
  2. Vote your shares by telephone, internet, or mail.
  3. Attend the Annual Meeting on March 26, 2024, if possible.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, indicating a definitive proxy statement for the annual meeting, following any preliminary filings.

Filing Stats: 4,623 words · 18 min read · ~15 pages · Grade level 14.5 · Accepted 2024-02-12 16:22:57

Filing Documents

Executive Compensation

Executive Compensation 31 Compensation Discussion and Analysis 31 Certain Information Regarding Our Executive Officers 31 Executive Officers Who Are Not Directors 31 Key Executive Compensation Objectives 31 Stockholder Engagement and Key Accomplishments 32 Fiscal Year 2022 32 Fiscal Year 2023 33 Key Compensation Decisions and Developments for Fiscal Year 2023 33 Key Compensation Program Developments for Fiscal Year 2024 34 Oversight of Executive Compensation 35 Risk Assessment 35 Elements of Compensation 35 Base Salaries 35 Annual Cash Incentive 36 Annual Equity Incentive 37 Discretionary Service-Based Awards 37 Strategic Special Project Bonus 37 Retirement Plans 38 Nonqualified Deferred Compensation 38 Change In Control, Separation or Severance Benefits 38 Options and Stock Appreciation Rights 38 Performance-Based Awards 38 Limoneira Company iii 2024 Proxy Statement Restricted Stock 39 Estimated Potential Incremental Payments Upon Change of Control or Certain Termination Events 40 Perquisities and Other Personal Benefits 40 Employment Agreements 40 Hedging and Pledging Policies 40 40 Other 41 Chief Executive Officer Pay Ratio 41 Summary Compensation Table for Fiscal Years 2023, 2022 and 2021 42 Chart of All Other Compensation in Fiscal Year 2023 43 Grants of Plan-Based Awards in Fiscal Year 2023 43 Outstanding Equity Awards at 2023 Fiscal Year End 44 Outstanding Exercises and Stock Vested at 2023 Fiscal Year End 44 Pension Benefits 45 Pay Versus Performance (PVP) 45 Compensation Committee Report 47 Proposal 2: Advisory Vote on Executive Compensation 48 Required Vote for Stockholder Approval 48 Recommendation of the Board of Directors 48 Proposal 3: Advisory Vote on the Frequency of Say-on-Pay Votes 49 Required Vote For Stockholder Approval 49 Recommendation of the

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 62 Securities Authorized for Issuance Under Equity Compensation Plans 63 Certain Relationships and Related-Party Transactions 63 Policy for Approval of Related Party Transactions 63 Family Relationships and Other Arrangements 63 Delinquent Section16(a) Reports 63 Stockholder Communications with the Board of Directors 64 Stockholder Proposals for 2025 Annual Meeting 64 Stockholder Proposals – Inclusion in Company Proxy Statement 64 Other Stockholder Proposals or Nominations 64 United States Securities and Exchange Commission Reports 64 Delivery of Documents to Stockholders Sharing and Address 65 Other Matters 65 Appendix A – Amended Certificate of Incorporation A-1 Appendix B – Limoneira Company 2022 Omnibus Incentive Plan B-1 Except where the context indicates otherwise, the "Company," "we," "us" and "our" refer to Limoneira Company and its wholly owned subsidiaries. References to "stockholders" refer to stockholders of Limoneira Company. Limoneira Company 1 2024 Proxy Statement Proxy Statement for Annual Meeting of Stockholders LIMONEIRA COMPANY 1141 Cummings Road Santa Paula, California 93060 Proxy Statement for the Annual Meeting of Stockholders This proxy statement is furnished in connection with the solicitation of proxies by the Board of Directors (the "Board") of Limoneira Company, a Delaware corporation (the "Company" or "Limoneira"), for the 2024 Annual Meeting of Stockholders, to be held on Tuesday, March 26, 2024, at 10:00 a.m., Pacific Time, at the Museum of Ventura County Agriculture Museum, 926 Railroad Avenue, Santa Paula, CA 93060 and for any adjournments or postponements thereof. We refer to the 2024 Annual Meeting of Stockholders as the "Annual Meeting." This Notice of Annual Meeting, proxy statement and proxy card are first being mailed or provided to stockholders on or about February 15, 2024. The costs for mail

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