Calavo Growers Announces Board Changes and Officer Compensation Adjustments
Ticker: CVGW · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1133470
Sentiment: neutral
Topics: board-changes, officer-compensation, corporate-governance
Related Tickers: CVGW
TL;DR
Calavo Growers shakes up the board and adjusts exec pay. Big changes coming?
AI Summary
Calavo Growers, Inc. announced on May 30, 2024, a series of significant corporate actions. These include the departure of director Steven M. Sloan, the election of new directors, and changes in officer compensation. The company also filed financial statements and exhibits as part of this report.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorship and officer compensation can indicate internal shifts that may affect future business operations and financial performance.
Key Players & Entities
- Calavo Growers, Inc. (company) — Registrant
- Steven M. Sloan (person) — Departing Director
- May 30, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors of Calavo Growers, Inc.?
The filing indicates the election of new directors but does not name them in the provided text.
What specific changes were made to officer compensation arrangements?
The filing mentions changes to compensatory arrangements of certain officers but does not detail the specifics in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 30, 2024.
What is the principal executive office address for Calavo Growers, Inc.?
The principal executive offices are located at 1141-A Cummings Road, Santa Paula, California 93060.
What is the Standard Industrial Classification code for Calavo Growers, Inc.?
The Standard Industrial Classification code is AGRICULTURE SERVICES [0700].
Filing Stats: 846 words · 3 min read · ~3 pages · Grade level 10.5 · Accepted 2024-06-04 17:20:59
Filing Documents
- cvgw-20240530x8k.htm (8-K) — 34KB
- cvgw-20240530xex99d1.htm (EX-99.1) — 8KB
- cvgw-20240530xex99d1001.jpg (GRAPHIC) — 11KB
- 0001558370-24-008904.txt ( ) — 176KB
- cvgw-20240530.xsd (EX-101.SCH) — 3KB
- cvgw-20240530_lab.xml (EX-101.LAB) — 15KB
- cvgw-20240530_pre.xml (EX-101.PRE) — 10KB
- cvgw-20240530x8k_htm.xml (XML) — 5KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On June 4, 2024, Calavo issued a press release announcing the appointment of Mr. Lindeman to the Board of Directors. A copy of the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, Exhibit 99.1 is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of Calavo's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release dated June 4, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL). 2 SIGNATURE 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. Calavo Growers, Inc. June 4, 2024 By: /s/ Shawn Munsell Shawn Munsell Chief Financial Officer 3