Highest-materiality recent filing
Per share consideration: 0.9790 Mission Produce shares + $14.85 cash; total approx. 17.5M shares and $266M cash.
Mission Produce-Calavo deal gets Mexican antitrust clearance; closing expected May 28
Mexico's COFECE cleared the pending acquisition of Calavo Growers by Mission Produce.
Calavo shareholders approve merger with Mission Produce; advisory compensation vote fails
Merger agreement proposal approved: 12.1M votes for, 960k against, 11.5k abstentions.
Calavo/Mission Produce merger clears HSR waiting period; closing expected in fiscal Q3 2026
HSR Act waiting period for proposed merger expired April 17, 2026, satisfying a key closing condition.
Calavo faces two shareholder lawsuits over Mission Produce merger, voluntarily supplements proxy
Two lawsuits filed March 26, 2026 in New York Supreme Court challenging the merger (Carroll v. Calavo, Jones v. Calavo).
Calavo Growers amends dividend record date to April 24; $0.20/share, payment April 29
Quarterly dividend of $0.20 per share declared, unchanged amount.
Calavo Q1 revenue down 21% to $122.2M; adjusted EPS $0.27 vs $0.35 YoY
Net sales $122.2M vs $154.4M YoY; gross profit $15.2M vs $15.7M.
Calavo clarifies retention agreements for CFO Snyder and EVP Araiza: 1-year base salary severance
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.
Calavo Q4 net income $3.8M vs prior loss; announces strategic combination with Mission Produce
Q4 net income from continuing ops $3.8M ($0.21 diluted) vs $(2.5M) loss; adjusted net income $4.5M (+301%).
Calavo to be acquired by Mission Produce for $14.85 cash plus 0.9790 Mission shares per share
Each Calavo share converts into 0.9790 Mission shares plus $14.85 cash; total consideration includes fractional share cash.
SEC closes investigation into Calavo Growers, no enforcement action
SEC staff concluded investigation into Calavo, will not recommend enforcement action.
Retired CEO Cole accelerates 300k options; Board forms special committee for strategic review
Lecil E. Cole retired as CEO effective Dec 8, 2025; letter agreement accelerates vesting of 300,000 stock options.
Calavo Growers EVP Sales & Operations retiring Dec 1; board evaluates non-binding buyout proposal
Mike Browne, EVP Sales and Operations, will retire from Calavo Growers effective December 1, 2025.
Calavo CEO Lee Cole to retire Dec 8; former CFO B. John Lindeman named successor
Lee E. Cole retires as President and CEO effective December 8, 2025, after four decades at Calavo.
Calavo Q3 net sales $178.8M; adjusted EPS $0.57; FDA detention costs $4.2M
Total net sales $178.8M (down <1% YoY); Fresh segment $155.9M (-5%), Prepared $22.9M (+40%).
Calavo Growers receives unsolicited acquisition proposal at $32 per share
Non-binding proposal to acquire all outstanding shares valued at $32.00 per share in stock/cash combination.
Calavo Growers holds annual meeting; shareholders approve amended equity plan
Elected eight directors; J. Link Leavens received highest votes (12,240,872).
Calavo Growers authorizes $25M share repurchase program through March 2027
Board approved repurchase of up to $25M of common stock on March 16, 2025.
Calavo Q1 net income $4.4M ($0.25 EPS); sales $154.4M +21% YoY
Total net sales of $154.4M, up 21.0% YoY; Fresh segment sales +23.7% to $140M.
Director James Helin to retire from Calavo Growers board effective April 23, 2025
James Helin notified Calavo he will not stand for reelection at the 2025 Annual Meeting.
Calavo Growers elects Farha Aslam as new Board Chair; Steven Hollister remains Director
Farha Aslam elected Chair effective January 27, 2025.
Calavo Growers FY2024 net sales +11.4% to $661.5M; adjusted EPS $1.05 vs $0.64
Net income from continuing operations $6.8M ($0.38 diluted) vs $5.1M ($0.26) prior year.
Calavo names James Snyder as CFO effective Dec 2, replacing Shawn Munsell
James Snyder, former Calavo controller (2001-2020), returns as CFO starting Dec 2, 2024.
Calavo Growers CFO Shawn Munsell resigns effective November 29, 2024
CFO Shawn Munsell gave notice of resignation on November 11, 2024, effective November 29.
Calavo Q3 adj EPS $0.57 beats $0.43; revenue up 11.7% to $179.6M; dividend raised
Total net sales $179.6M (+11.7% YoY); Grown segment sales $163.2M (+13.3%).
Calavo Growers sells Fresh Cut business for $83M; focuses on core avocado/guacamole
Total consideration $83M: $52M for assets plus $31M for Riverside real estate.
Calavo Q2 net sales up 16.5% to $184.4M; adjusted EPS $0.50 vs $0.29
Net income from continuing ops $6.5M ($0.36 diluted), up from $1.4M ($0.08) YoY.
Calavo Growers appoints former CFO John Lindeman to Board of Directors
John Lindeman appointed independent director and Audit Committee member effective June 3, 2024.
Calavo shareholders elect 8 directors, ratify Deloitte, approve say-on-pay
Eight directors elected; highest votes: J. Link Leavens (14.2M), lowest: Adriana Mendizabal (11.7M).
Calavo Q1 net loss $0.15/sh; sales down 4%; fresh-cut sale expected Q2
Revenue $127.6M, down 3.9% YoY; net loss $2.6M ($0.15 diluted) vs loss $0.7M ($0.04) last year.
Calavo Q4 net loss $7.9M, adjusted loss $0.33/share; FY revenue down 18.4%
Q4 net sales $241.2M (-1% YoY); Grown segment +5.6%, Prepared -7.9%.
Calavo delays 10-K due to internal probe; FY2023 revenue down 18%; explores Fresh Cut sale
Net sales fell ~18% to $972M for FY2023; gross profit margin modestly lower.
Calavo Growers CHRO Graciela Montgomery resigns effective Dec 31, 2023
Graciela Montgomery, Chief Human Resources Officer, resigned effective Dec 31, 2023.
Calavo Q3 net income rises to $6.6M despite 24% sales drop
Net sales $259.9M (-24% YoY); Grown $144.5M (-30%), Prepared $115.8M (-14%).
Calavo Growers enters $90M credit facility with Wells Fargo, replaces existing facility
New $90M revolver and $10M capex facility; matures June 26, 2028.
Calavo VP & GM Helen Kurtz resigns effective June 23, 2023; eligible for severance
Helen Kurtz, SVP and General Manager of Calavo Prepared, resigns effective June 23, 2023.
Calavo Q2 revenue down 26% to $244.7M; net loss of $4.0M vs. $0.2M loss last year
Total revenue $244.7M, down 26% YoY; Grown segment revenue fell 33% to $140.7M, Prepared down 14% to $104.5M.
Calavo Growers shareholders elect all 8 directors, ratify auditor at 2023 meeting
All eight director nominees elected; votes for ranged from 12,454,553 (Marc Brown) to 13,443,171 (Farha Aslam).
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.
Calavo Q1 revenue down 18% to $226.2M; net loss narrows to $(0.17)/share
Revenue $226.2M, down 18% YoY; Grown segment revenue down 27% to $117.7M.
Calavo appoints CEO Brian Kocher to Board of Directors effective immediately
CEO Brian Kocher appointed to Board on Jan 27, 2023, ahead of originally planned 2023 annual meeting.
Two long-serving Calavo directors will not stand for re-election at 2023 annual meeting
John M. Hunt (board member since 1993) will not seek re-election at the 2023 annual meeting.
Calavo Q4 net loss narrows to $3.3M; adjusted net income positive at $0.6M
Total revenue $243.6M, down 11% YoY; Grown segment revenue fell 20% to $119.1M.
Minimum Fixed Charge Coverage Ratio for period ending Oct 31, 2022 reduced from 1.20:1.00 to 1.00:1.00.
Calavo sells 1.68M Limoneira shares for $18.5M to reduce debt
Sold 1,677,299 shares of Limoneira common stock for gross proceeds of approximately $18.5 million.
Calavo Q3 revenue $342M (+20%); net income $1.3M vs loss; adjusted EPS $0.16
Revenue $342.0M (+20% YoY); Grown $207.6M, Prepared $134.9M.
Calavo names Helen Kurtz as SVP & GM of Prepared segment; base salary $430K
Ms. Kurtz, former Foster Farms SVP/CMO, starts Aug 17, 2022, leading Calavo Prepared.
Calavo names Danny Dumas SVP & GM of Grown segment; Rob Wedin to retire Oct 31
Rob Wedin, EVP Fresh Sales, to retire Oct 31, 2022 after 49 years; will stay as adviser.
Calavo Growers appoints Shawn Munsell as CFO, effective June 20, 2022
Munsell previously SVP Finance, Accounting at Tyson Foods chicken segment (FY2021 revenue $14B).
Calavo Q2 net loss narrows to $0.2M; revenue rises 20% YoY
Net loss of $0.2M ($0.01 diluted loss) vs. prior-year net income of $8.8M ($0.50 diluted EPS).
B. John Lindeman, Farha Aslam, Marc L. Brown, Michael DiGregorio, Steven Hollister, Kathleen M. Holmgren, J. Link Leavens, and Adriana Mendizabal tendered their resignations as members of the board of directors of Calavo and from all committees of the board on which they formerly served, effective as of the First Effective Time.
B. John Lindeman, Farha Aslam, Marc L. Brown, Michael DiGregorio, Steven Hollister, Kathleen M. Holmgren, J. Link Leavens, and Adriana Mendizabal tendered their resignations as members of the board of directors of Calavo and from all committees of the board on which they formerly served, effective as of the First Effective Time.
B. John Lindeman, Farha Aslam, Marc L. Brown, Michael DiGregorio, Steven Hollister, Kathleen M. Holmgren, J. Link Leavens, and Adriana Mendizabal tendered their resignations as members of the board of directors of Calavo and from all committees of the board on which they formerly served, effective as of the First Effective Time.
B. John Lindeman, Farha Aslam, Marc L. Brown, Michael DiGregorio, Steven Hollister, Kathleen M. Holmgren, J. Link Leavens, and Adriana Mendizabal tendered their resignations as members of the board of directors of Calavo and from all committees of the board on which they formerly served, effective as of the First Effective Time.
B. John Lindeman, Farha Aslam, Marc L. Brown, Michael DiGregorio, Steven Hollister, Kathleen M. Holmgren, J. Link Leavens, and Adriana Mendizabal tendered their resignations as members of the board of directors of Calavo and from all committees of the board on which they formerly served, effective as of the First Effective Time.
B. John Lindeman, Farha Aslam, Marc L. Brown, Michael DiGregorio, Steven Hollister, Kathleen M. Holmgren, J. Link Leavens, and Adriana Mendizabal tendered their resignations as members of the board of directors of Calavo and from all committees of the board on which they formerly served, effective as of the First Effective Time.
B. John Lindeman, Farha Aslam, Marc L. Brown, Michael DiGregorio, Steven Hollister, Kathleen M. Holmgren, J. Link Leavens, and Adriana Mendizabal tendered their resignations as members of the board of directors of Calavo and from all committees of the board on which they formerly served, effective as of the First Effective Time.
B. John Lindeman, Farha Aslam, Marc L. Brown, Michael DiGregorio, Steven Hollister, Kathleen M. Holmgren, J. Link Leavens, and Adriana Mendizabal tendered their resignations as members of the board of directors of Calavo and from all committees of the board on which they formerly served, effective as of the First Effective Time.
On February 14, 2025, James Helin notified Calavo Growers, Inc. (the “Company”) of his intention to retire from the Board of Directors and, accordingly, not to stand for reelection at the Company’s 2025 Annual Meeting of Shareholders.
the Board of Directors of Calavo Growers, Inc. (“ Calavo ”) formally approved of the appointment of James Snyder as Calavo’s Chief Financial Officer (“ CFO ”), effective December 2, 2024.
On November 11, 2024, Shawn Munsell gave notice of his resignation from his position as Chief Financial Officer of Calavo Growers, Inc. (“Calavo”), effective November 29, 2024.
On August 15, 2024, Paul Harrison, the Company’s Executive Vice President RFG Prepared, resigned 1 in connection with the transaction contemplated by the Asset Purchase Agreement and Purchase and Sale Agreement in order to accept employment with Buyer.
Max materiality 1.00 · Median 0.65 · Most common event leadership