secwatch.observer — SEC 8-K summary
======================================

Issuer:     CALAVO GROWERS INC (CVGW)
CIK:        0001133470
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001558370-23-003740
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Calavo appoints Lecil Cole as President and CEO; Brian Kocher terminated without cause
--------------------------------------------------------------------------------

- Lecil Cole (age 83) appointed President and CEO effective March 10, 2023; he previously served as Chairman/CEO until 2020.
- Cole receives annual base salary of $64,480 (minimum wage for exempt employee) and option for 500,000 shares with price milestones of $50, $60, $70.
- Brian Kocher terminated without cause on March 10, 2023; entitled to severance per employment agreement; resigned from board.
- In fiscal 2022, Calavo purchased ~$14.7M of produce from entities affiliated with Cole; no purchases in fiscal 2023 to date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133470/000155837023003740/0001558370-23-003740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133470/000155837023003740/cvgw-20230308x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-003740

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