other material
confidence high
sentiment neutral
materiality 0.50
Calavo clarifies retention agreements for CFO Snyder and EVP Araiza: 1-year base salary severance
CALAVO GROWERS INC
- Retention agreements entered Jan 14, 2026, with CFO James Snyder and EVP Ronald Araiza; amendment filed Mar 2, 2026 to correct exhibit and clarify severance.
- Severance: one year of then-current annual base salary if resigned for Good Reason or terminated without Good Cause, subject to release.
- One-time retention bonus (percentage of base salary) earned on first anniversary or change in control; change-in-control bonus of 50% of base salary.
- Amendment replaces erroneous Exhibit 10.1 from original filing; no other changes to prior disclosures.