secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0001104659-24-092145
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000110465924092145/0001104659-24-092145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000110465924092145/tm2422511d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-092145

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer