---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-012315"
form_type: "8-K"
ticker: "CVGW"
cik: "0001133470"
company_name: "CALAVO GROWERS INC"
filed_at: "2021-09-08T23:59:59+00:00"
generated_at: "2026-06-29T05:05:16.930004+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Calavo CEO James Gibson retires; Steven Hollister appointed interim CEO and CFO; Q3 net loss $13M

## Summary
- Q3 revenue $285M (+5% YoY); gross profit $7.9M (2.8% of rev) vs $30.8M (11.4%) last year.
- Net loss $(13.0)M, or $(0.74)/diluted share; adjusted net loss $(3.0)M, or $(0.17)/share.
- CEO James Gibson retires effective Sept 9, 2021; interim CEO/CFO Steven Hollister appointed.
- CFO Farha Aslam resigns as interim CFO effective Sept 9, returns to independent board role.
- Board engages search firms for permanent CEO and CFO; Hollister receives $50k/mo and 5,000 stock options.

## SEC filing metadata
- accession: 0001558370-21-012315
- form_type: 8-K
- ticker: CVGW
- cik: 0001133470
- company_name: CALAVO GROWERS INC
- filed_at: 2021-09-08T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133470/000155837021012315/0001558370-21-012315-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133470/000155837021012315/cvgw-20210907x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-012315
- JSON: https://secwatch.observer/filing/0001558370-21-012315.json
- Plain text: https://secwatch.observer/filing/0001558370-21-012315.txt

## Key facts
- Executive change
  James E. Gibson retired as Chief Executive Officer at CALAVO GROWERS INC.
  - Action: retired
  - Role: Chief Executive Officer
  source text: On September 7, 2021, James E. Gibson gave notice of his retirement from his position as Chief Executive Officer of Calavo.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837021012315/0001558370-21-012315-index.htm
- Executive change
  Steven Hollister was appointed as Chief Financial Officer at CALAVO GROWERS INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Steven Hollister will serve as interim Chief Financial Officer effective September 9, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837021012315/0001558370-21-012315-index.htm
- Executive change
  Steven Hollister was appointed as Chief Executive Officer at CALAVO GROWERS INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On September 8, 2021, Steven Hollister, a member of Calavo’s Board of Directors (the “Board”), was appointed to serve as Chief Executive Officer of Calavo on an interim basis effective September 9, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837021012315/0001558370-21-012315-index.htm
- Executive change
  Farha Aslam resigned as interim Chief Financial Officer at CALAVO GROWERS INC.
  - Action: resigned
  - Role: interim Chief Financial Officer
  source text: Farha Aslam, who has been serving as interim Chief Financial Officer informed the Board on September 7, 2021 that she would resign from her position as interim Chief Financial effective September 9, 2021, in order to resume her status as an independent director on the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837021012315/0001558370-21-012315-index.htm

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