Mission Produce Appoints New CFO, Elects Directors
Ticker: AVO · Form: 8-K · Filed: Mar 7, 2024 · CIK: 1802974
Sentiment: neutral
Topics: executive-appointment, board-of-directors, governance
TL;DR
Mission Produce gets a new CFO (Mancebo starts March 11) and two new board members.
AI Summary
Mission Produce, Inc. announced on March 7, 2024, the appointment of Steven J. Mancebo as Chief Financial Officer, effective March 11, 2024. Mancebo previously served as the company's Vice President of Finance and Accounting. The company also reported that its Board of Directors elected two new directors, Maria S. G. L. de la Cruz and Carlos E. Rodriguez, to serve until the 2025 annual meeting of stockholders.
Why It Matters
The appointment of a new CFO and the election of new directors can signal strategic shifts or governance changes within the company, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns executive appointments and board changes, which are routine corporate governance events and do not inherently indicate significant financial or operational risks.
Key Players & Entities
- Mission Produce, Inc. (company) — Registrant
- Steven J. Mancebo (person) — Appointed Chief Financial Officer
- March 11, 2024 (date) — Effective date for CFO appointment
- Maria S. G. L. de la Cruz (person) — Elected Director
- Carlos E. Rodriguez (person) — Elected Director
- 2025 (date) — Year for director terms to end
FAQ
Who has been appointed as the new Chief Financial Officer of Mission Produce, Inc.?
Steven J. Mancebo has been appointed as the new Chief Financial Officer of Mission Produce, Inc.
When is Steven J. Mancebo's appointment as CFO effective?
Steven J. Mancebo's appointment as CFO is effective March 11, 2024.
What was Steven J. Mancebo's previous role at Mission Produce, Inc.?
Steven J. Mancebo previously served as the company's Vice President of Finance and Accounting.
How many new directors were elected to Mission Produce, Inc.'s Board of Directors?
Two new directors, Maria S. G. L. de la Cruz and Carlos E. Rodriguez, were elected to Mission Produce, Inc.'s Board of Directors.
Until when will the newly elected directors serve?
The newly elected directors will serve until the 2025 annual meeting of stockholders.
Filing Stats: 817 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-03-07 16:31:02
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share AVO NASDAQ Global Select
- $600,000 — nsists of: (1) an annual base salary of $600,000; (2) participation in the Company's ann
- $125,000 — ; (4) a one-time, sign-on cash bonus of $125,000 which will be earned in two increments
- $1 million — for fiscal 2024 with an award value of $1 million; (6) a biweekly car allowance and Compa
Filing Documents
- d712761d8k.htm (8-K) — 26KB
- d712761dex991.htm (EX-99.1) — 14KB
- g712761g0301025726721.jpg (GRAPHIC) — 4KB
- 0001193125-24-062237.txt ( ) — 168KB
- avo-20240307.xsd (EX-101.SCH) — 3KB
- avo-20240307_lab.xml (EX-101.LAB) — 17KB
- avo-20240307_pre.xml (EX-101.PRE) — 11KB
- d712761d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated March 7, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 7, 2024 /s/ Stephen J. Barnard Stephen J. Barnard Chief Executive Officer