---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-116373"
form_type: "8-K"
ticker: "LMNR"
cik: "0001342423"
company_name: "Limoneira CO"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T00:49:11.434728+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Limoneira purchases $12.6M group annuity from Principal to settle frozen pension plan

## Summary
- Single premium of $12,617,160.57 paid on Nov 10, 2022 to transfer pension liabilities for 250 participants.
- Principal Life Insurance assumes monthly benefit payments for 221 retired and 29 deferred participants.
- Company continues admin through Dec 31, 2022; Principal reimburses during temporary bulk payment term.
- Transaction follows termination of Limoneira Company Retirement Plan effective Dec 31, 2021.

## SEC filing metadata
- accession: 0001104659-22-116373
- form_type: 8-K
- ticker: LMNR
- cik: 0001342423
- company_name: Limoneira CO
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342423/000110465922116373/0001104659-22-116373-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342423/000110465922116373/tm2230098d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-116373
- JSON: https://secwatch.observer/filing/0001104659-22-116373.json
- Plain text: https://secwatch.observer/filing/0001104659-22-116373.txt

## Key facts
- Material Agreements
  Limoneira CO entered into Single Premium Guaranteed Annuity Contract Purchase Agreement with Principal Life Insurance Company valued at $12,617,160.57 (effective 2022-11-04).
  - Action: entry
  - Counterparty: Principal Life Insurance Company
  - Value: $12,617,160.57
  - Effective: 2022-11-04
  source text: On November 4, 2022, Limoneira Company, a Delaware corporation (the “ Company ”), entered into a Single Premium Guaranteed Annuity Contract Purchase Agreement (the “ Agreement ”) with Principal Life Insurance Company (the “ Insurer ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342423/000110465922116373/0001104659-22-116373-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.