---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-092145"
form_type: "8-K"
ticker: "LMNR"
cik: "0001342423"
company_name: "Limoneira CO"
filed_at: "2024-08-23T23:59:59+00:00"
generated_at: "2026-05-31T07:48:50.505832+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Limoneira grants CEO/CFO transaction bonuses up to $5.25M/$3.15M on sale at $28+/share

## Summary
- CEO Harold Edwards: $3.75M base bonus at $28/share, increasing to $5.25M at $40/share, plus $62,500 per $1 above $40.
- CFO Mark Palamountain: $2.225M base bonus at $28/share, increasing to $3.15M at $40/share, plus $37,500 per $1 above $40.
- Bonuses trigger on change-in-control: ≥80% asset sale, >50% ownership change, or board change; expires Dec 31, 2027.
- If terminated without cause within 180 days of closing, NEO remains eligible for the bonus.
- Transaction bonuses reduce or replace any prior Strategic Special Projects bonuses paid under 2022 retention agreements.

## SEC filing metadata
- accession: 0001104659-24-092145
- form_type: 8-K
- ticker: LMNR
- cik: 0001342423
- company_name: Limoneira CO
- filed_at: 2024-08-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342423/000110465924092145/0001104659-24-092145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342423/000110465924092145/tm2422511d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-092145
- JSON: https://secwatch.observer/filing/0001104659-24-092145.json
- Plain text: https://secwatch.observer/filing/0001104659-24-092145.txt

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