---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-205021"
form_type: "8-K"
ticker: "AVO"
cik: "0001802974"
company_name: "Mission Produce, Inc."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:39:17.409047+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mission Produce formalizes CEO employment agreement with $775K base salary, adopts executive severance plan

## Summary
- Stephen Barnard's 5-year employment agreement includes $775K base salary, target annual bonus of 100% of base (max 200%).
- CEO severance: 2x (base + target bonus) for termination without cause/good reason outside CIC; full equity vesting during CIC.
- Severance Plan for CFO Bryan Giles and GC Joanne Wu: 1x (base+target) outside CIC, 1.5x inside CIC, plus COBRA and equity vesting.
- All benefits conditioned on signing release; 24-month non-solicitation covenant applies.

## SEC filing metadata
- accession: 0001193125-23-205021
- form_type: 8-K
- ticker: AVO
- cik: 0001802974
- company_name: Mission Produce, Inc.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802974/000119312523205021/0001193125-23-205021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802974/000119312523205021/d498780d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-205021
- JSON: https://secwatch.observer/filing/0001193125-23-205021.json
- Plain text: https://secwatch.observer/filing/0001193125-23-205021.txt

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