secwatch.observer — SEC 8-K summary
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Issuer:     CALAVO GROWERS INC (CVGW)
CIK:        0001133470
Form:       8-K
Filed at:   2021-09-08T23:59:59+00:00
Accession:  0001558370-21-012315
Event type: leadership
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133470/000155837021012315/0001558370-21-012315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133470/000155837021012315/cvgw-20210907x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-012315

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