CALAVO GROWERS INC underwent a change of control involving Mission Produce, Inc. for 17,531,182 Mission Produce Shares and $265,922,425 (closed 2026-05-28).
“Time and (y) the Merger Consideration Value. Aggregate Merger Consideration The total aggregate consideration payable to Calavo shareholders in the Mergers was approximately 17,531,182 Mission Produce Shares and $265,922,425. The cash consideration was paid by Mission Produce using a combination of (a) available cash on hand and (b) third-party debt financing.”
Adriana Mendizabal resigned as Director at CALAVO GROWERS INC.
“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.”
J. Link Leavens resigned as Director at CALAVO GROWERS INC.
“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.”
Kathleen M. Holmgren resigned as Director at CALAVO GROWERS INC.
“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.”
Steven Hollister resigned as Director at CALAVO GROWERS INC.
“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.”
Michael DiGregorio resigned as Director at CALAVO GROWERS INC.
“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.”
Marc L. Brown resigned as Director at CALAVO GROWERS INC.
“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.”
Farha Aslam resigned as Director at CALAVO GROWERS INC.
“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 resigned as Director at CALAVO GROWERS INC.
“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.”
Earnings Releases
CALAVO GROWERS INC reported first fiscal quarter ended January 31, 2026 results: revenue $122.2 million, net income $0.7 million, EPS $0.27 per diluted share.
“Calavo Growers, Inc. (Nasdaq-GS: CVGW) (“Calavo” or the “Company”) , a global leader in sourcing, packing and distribution of fresh avocados, tomatoes, papayas and processing of guacamole and other avocado products, today reported its financial results for the first fiscal quarter ended January 31, 2026. Comparison of First Quarter of Fiscal Year 2026 vs. Prior Year Period · Total net sales were $122.2 million, compared to $154.4 million · Gross profit was $15.2 million, compared to $15.7 million · SG&A expense was $16.4 million, impacted by $7.2 million of non-recurring, primarily M&A-related expenses, compared to $10.3 million, impacted by $0.7 million of non-recurring expenses · Net income of $0.7 million, compared to $4.4 million · Adjusted net income of $4.8 million, or $0.27 per diluted share, compared to $6.3 million, or $0.35 per diluted share”
Material Agreements
CALAVO GROWERS INC entered into Agreement and Plan of Merger with Mission Produce, Inc. (effective 2026-01-14).
“On January 14, 2026, Calavo Growers, Inc., a California corporation (" Calavo "), entered into an Agreement and Plan of Merger (the " Merger Agreement "), by and among Calavo, Mission Produce, Inc., a Delaware corporation (" Mission "), Cantaloupe Merger Sub I, Inc., a Delaware corporation and wholly owned subsidiary of Mission (" Merger Sub I ") and Cantaloupe Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Mission (" Merger Sub II ")”
James Helin departed as Board of Directors at CALAVO GROWERS INC.
“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.”
James Snyder was appointed as Chief Financial Officer at CALAVO GROWERS INC.
“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.”
Shawn Munsell resigned as Chief Financial Officer at CALAVO GROWERS INC.
“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.”
M&A Transactions
CALAVO GROWERS INC completed a disposition involving F&S Produce Co., Inc. and F&S Produce West LLC for $52,020,000, subject to certain adjustments relating to working capital, and approved capital expenditures (closed 2024-08-15).
“CA 92507 for $30,980,000. In addition, pursuant to the Asset Purchase Agreement, the purchase price for the Purchased Assets (as defined in the Asset Purchase Agreement) was $52,020,000, subject to certain adjustments relating to working capital, and approved capital expenditures. The foregoing descriptions of the Asset Purchase Agreement, and the Purchase and”
Paul Harrison resigned as Executive Vice President RFG Prepared at CALAVO GROWERS INC.
“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.”
B. John Lindeman was appointed as Director at CALAVO GROWERS INC.
“On May 30, 2024, the Board of Directors of Calavo Growers, Inc. (“Calavo”) appointed B. John Lindeman as an independent member of its Board of Directors, effective June 3, 2024.”
Shareholder Votes
CALAVO GROWERS INC shareholders approved Advisory vote on frequency of future shareholder advisory votes on executive compensation. at the 2024-04-24 meeting.
“The shareholders voted on an advisory basis on the frequency of holding future shareholder advisory votes on executive compensation. Votes cast were as follows: Every 1 Year 11,731,365 Every 2 Years 27,278 Every 3 Years 506,249 Abstain 485,792 Broker Non-Votes 1,302,343”
Shareholder Votes
CALAVO GROWERS INC shareholders approved Advisory vote to approve compensation of named executive officers as disclosed in the Proxy Statement. at the 2024-04-24 meeting.
“The shareholders approved, on an advisory and non-binding basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement. Votes cast were as follows: For 11,825,514 Against 410,353 Abstain 514,817 Broker Non-Votes 1,302,343”
Shareholder Votes
CALAVO GROWERS INC shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year 2024. at the 2024-04-24 meeting.
“The shareholders ratified of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal year 2024. Votes cast were as follows: For 13,501,697 Against 42,971 Abstain 508,359 Broker Non-Votes 0”
Shareholder Votes
CALAVO GROWERS INC shareholders approved Election of eight directors to serve until the next annual meeting of shareholders. at the 2024-04-24 meeting.
“The shareholders elected the following eight directors, each to serve until the next annual meeting of shareholders or until his or her successor is elected. Shareholders were entitled to cumulate their votes for directors as described in the Company’s Proxy Statement filed with the Securities and Exchange Commission on February 28, 2024 (the “Proxy Statement”). Each nominee received the following votes: Name of Nominee Votes For Votes Withheld Broker Non-Votes Farha Aslam 11,995,127 353,782 1,302,343 Marc L.Brown 12,098,112 421,133 1,302,343 Michael A. DiGregorio 12,062,400 320,219 1,302,343 Adriana Mendizabal 11,747,270 601,639 1,302,343 James D. Helin 12,160,329 399,092 1,302,343 Steven Hollister 11,971,754 429,129 1,302,343 Kathleen M. Holmgren 12,020,588 329,959 1,302,343 J. Link Leavens 14,203,721 871,562 1,302,343”
Earnings Releases
CALAVO GROWERS INC reported the fiscal first quarter ended January 31, 2024 results: revenue $127.6 million, net income Net loss of $2.6 million, or $0.15 per diluted share, EPS $(0.15) per diluted share.
“unit as discontinued operations. Unless otherwise noted, amounts and commentary included in this press release relate to our continuing operations. ● Total net sales of $127.6 million, a 3.9% decrease from the prior year quarter o Grown segment net sales decreased 4.0% to $113.0 million o Prepared segment net sales decreased 2.9% to $14.6 million ● Gross”
Earnings Releases
CALAVO GROWERS INC reported the fiscal year ended October 31, 2023 results: revenue $972.0 million, net income Net loss of $8.3 million, EPS $0.47 per diluted share.
“for the prior year quarter ● Adjusted EBITDA of $7.0 million compared to $9.6 million for the same period last year Fiscal Year 2023 Financial Overview ● Total net sales of $972.0 million, an 18.4% decrease from the prior year o Grown segment net sales decreased 24.5% to $529.0 million o Prepared segment net sales decreased 10.3% to $445.8 million ● Gross profit”
Earnings Releases
CALAVO GROWERS INC reported the fiscal fourth quarter ended October 31, 2023 results: revenue $241.2 million, net income Net loss of $7.9 million, EPS $0.45 per diluted share.
“fresh food, today reported its financial results for the fiscal fourth quarter and fiscal year ended October 31, 2023. Fourth Quarter Financial Overview ● Total net sales of $241.2 million, a 1.0% decrease from the prior year quarter o Grown segment net sales increased 5.6% to $125.7 million o Prepared segment net sales decreased 7.9% to $116.1 million ● Gross”
Earnings Releases
CALAVO GROWERS INC reported for the year ended October 31, 2023 results: revenue $972 million.
“The Company expects to report in the Form 10-K that net sales decreased approximately 18% to $972 million for the year ended October 31, 2023, compared to the year ended October 31, 2022”
Graciela Montgomery resigned as Chief Human Resources Officer at CALAVO GROWERS INC.
“On December 18, 2023, Graciela Montgomery, Chief Human Resources Officer , gave notice of her resignation effective December 31, 2023.”
Earnings Releases
CALAVO GROWERS INC reported the fiscal third quarter ended July 31, 2023 results: revenue $259.9 million, net income $6.6 million, EPS $0.37 per diluted share.
“Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal third quarter ended July 31, 2023. Third Quarter Financial Overview ● Total net sales of $259.9 million, a 24% decrease from the prior year quarter o Grown segment net sales decreased 30% to $144.5 million o Prepared segment net sales decreased 14% to $115.8 million ● Gross profit of $25.0 million, compared to $18.5 million for the prior year quarter o Grown segment gross profit increased $9.6 million to $21.4 million o Prepared segment gross profit decreased $3.1 million to $3.7 million ● Net income of $6.6 million, or $0.37 per diluted share, compared to $1.3 million, or $0.07 per diluted share, for the same period last year”
Debt Financings
CALAVO GROWERS INC incurred term loan of up to $10.0 million with Wells Fargo Bank, National Association at applicable margin, plus, at the Borrower's option, either a base rate or a secur maturing June 26, 2028.
“The Credit Agreement provides for a revolving credit facility of up to $90.0 million (the “Revolving Loans”), along with an undrawn capex credit facility of up to $10.0 million (the “CapEx Loans”, and together with the Revolving Loans, the “New Credit Facility”).”
Debt Financings
CALAVO GROWERS INC incurred revolving credit of up to $90.0 million with Wells Fargo Bank, National Association at applicable margin, plus, at the Borrower's option, either a base rate or a secur maturing June 26, 2028.
“On June 26, 2023 (the “Closing Date”), the Company and certain subsidiaries of the Company (collectively, the “Borrower”) entered into a credit agreement (the “Credit Agreement”) by and among, the Borrower, certain subsidiaries of the Company as guarantors, and Wells Fargo Bank, National Association, as agent and lender (“Agent”). The Credit Agreement provides for a revolving credit facility of up to $90.0 million”
Helen Kurtz resigned as Senior Vice President and General Manager of Calavo Prepared at CALAVO GROWERS INC.
“On June 15, 2023, Helen Kurtz, Senior Vice President and General Manager of Calavo Prepared, gave notice of her resignation effective June 23, 2023.”
Earnings Releases
CALAVO GROWERS INC reported the fiscal second quarter ended April 30, 2023 results: revenue $244.7 million, net income $(4.0) million, EPS $(0.23) per diluted share.
“ready-to-eat fresh food, today reported its financial results for the fiscal second quarter ended April 30, 2023. Second Quarter Financial Overview · Total revenue of $244.7 million, a 26% decline from prior year o Grown segment revenue decreased 33% year-over-year to $140.7 million o Prepared segment revenue decreased 14% year-over-year to $104.5 million ·”
Shareholder Votes
CALAVO GROWERS INC shareholders approved Advisory vote on executive compensation at the 2023-04-26 meeting.
“The shareholders voted on an advisory basis and approved the compensation of the executive officers of Calavo Growers, Inc. as disclosed in the company’s 2023 proxy statement. Votes cast were as follows: For 13,148,203 Against 640,960 Abstain 18,537 Broker Non-Votes 1,421,906”
Shareholder Votes
CALAVO GROWERS INC shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent accountants for fiscal 2023 at the 2023-04-26 meeting.
“The shareholders approved the ratification of the appointment of Deloitte & Touche LLP as our independent accountants for fiscal 2023. Votes cast were as follows: For 15,136,962 Against 82,666 Abstain 9,978”
Shareholder Votes
CALAVO GROWERS INC shareholders approved Election of eight directors at the 2023-04-26 meeting.
“The shareholders voted and elected the following 8 directors, each to serve for a term of one year. Shareholders were entitled to cumulate their votes for directors. Each nominee received the following votes: Votes Votes Broker Name of Nominee For Withheld Non-Votes Farha Aslam 13,443,171 260,120 1,421,906 Marc L.Brown 12,454,553 1,440,366 1,421,906 Michael A. DiGregorio 13,320,543 382,748 1,421,906 Adriana Mendizabal 13,150,618 552,673 1,421,906 James D. Helin 13,415,786 555,633 1,421,906 Steven Hollister 13,192,479 536,138 1,421,906 Kathleen M. Holmgren 13,281,195 422,096 1,421,906 J. Link Leavens 12,754,865 1,403,025 1,421,906”
Brian Kocher resigned as Director at CALAVO GROWERS INC.
“Mr. Kocher tendered his resignation from the Board of Directors on March 14, 2023.”
Brian Kocher departed as President and Chief Executive Officer at CALAVO GROWERS INC.
“the Company informed Brian Kocher that his employment as President and Chief Executive Officer would be terminated without cause on March 10, 2023.”
Lecil Cole was appointed as President and Chief Executive Officer at CALAVO GROWERS INC.
“the Company determined to appoint Lecil Cole as the Company’s President and Chief Executive Officer, effective as of March 10, 2023.”
Earnings Releases
CALAVO GROWERS INC reported the fiscal first quarter ended January 31, 2023 results: revenue $226.2 million, net income $(3.1) million, EPS $(0.17) per diluted share.
“ready-to-eat fresh food, today reported its financial results for the fiscal first quarter ended January 31, 2023. First Quarter Financial Overview · Total revenue of $226.2 million, an 18% decline from prior year o Grown segment revenue decreased 27% year-over-year to $117.7 million o Prepared segment revenue decreased 3% year-over-year to $108.5 million ·”
Brian Kocher was appointed as member of the Board of Directors at CALAVO GROWERS INC.
“On January 27, 2023, Calavo Growers, Inc. (“Calavo”) appointed Brian Kocher, Calavo’s Chief Executive Officer, as a member of the Board of Directors (the “Board”).”
Donald M. Sanders departed as Director at CALAVO GROWERS INC.
“John M. Hunt and Donald M. Sanders, respectively, notified Calavo Growers, Inc. (the “Company”) that they will not stand for re-election to the Board of Directors of the Company at the Company’s 2023 Annual Meeting of Shareholders.”
John M. Hunt departed as Director at CALAVO GROWERS INC.
“John M. Hunt and Donald M. Sanders, respectively, notified Calavo Growers, Inc. (the “Company”) that they will not stand for re-election to the Board of Directors of the Company at the Company’s 2023 Annual Meeting of Shareholders.”
Earnings Releases
CALAVO GROWERS INC reported fiscal fourth quarter ended October 31, 2022 results: revenue $243.6 million, net income $(3.3) million, EPS $(0.19) per diluted share.
“Fourth Quarter Financial Overview ● Total revenue of $243.6 million, an 11% decline from prior year o Grown segment revenue declined 20% year-over-year to $119.1 million o Prepared segment revenue increased 0.6% year-over-year to $125.0 million ● Gross profit of $20.4 million compared to $9.1 million for the year-ago quarter o Grown segment gross profit increased $1.1 million from prior year to $8.6 million o Prepared segment gross profit increased $10.1 million from prior year to $11.8 million ● Net loss of $(3.3) million, or $(0.19) per diluted share, compared to net loss of $(13.0) million, or $(0.73) per diluted share, for the same period last year”
Material Agreements
CALAVO GROWERS INC amended Seventh Amendment to Credit Agreement with Bank of America, N.A., as administrative agent, and Farm Credit West, PCA valued at Modified minimum Consolidated Fixed Charge Coverage Ratio from 1.20:1.00 to 1.00:1.00 for Measuremen (effective 2022-11-01).
“On November 1, 2022, Calavo Growers, Inc. (the “Company”), Bank of America, N.A., as administrative agent, and Farm Credit West, PCA entered into the Seventh Amendment to Credit Agreement (the “Seventh Amendment”).”
Danny Dumas was appointed as Senior Vice President and General Manager of Calavo Grown at CALAVO GROWERS INC.
“Upon the commencement of service by Danny Dumas as Senior Vice President and General Manager of Calavo Grown, discussed under Item 8.01 below, which is expected to occur on July 11, 2022”
Rob Wedin departed as Executive Vice President, Fresh Sales at CALAVO GROWERS INC.
“Rob Wedin, our Executive Vice President, Fresh Sales, gave notice of his retirement, which is expected to occur on October 31, 2022.”
Brian Kocher resigned as interim Chief Financial Officer at CALAVO GROWERS INC.
“Brian Kocher, Calavo’s Chief Executive Officer, will resign as Calavo’s interim Chief Financial Officer on June 19, 2022.”
Shawn Munsell was appointed as Chief Financial Officer at CALAVO GROWERS INC.
“Calavo appointed Shawn Munsell, as Chief Financial Officer, commencing June 20, 2022.”
Brian Kocher was appointed as Chief Financial Officer at CALAVO GROWERS INC.
“On May 3, 2022, Brian Kocher, Calavo’s President and Chief Executive Officer was appointed as Chief Financial Officer on an interim basis.”
Mariela Matute resigned as Chief Financial Officer at CALAVO GROWERS INC.
“On May 2, 2022, Mariela Matute gave notice of her resignation from her position as Chief Financial Officer of Calavo Growers, Inc. (“Calavo”).”
Ron Araiza was appointed as Interim Prepared SVP/General Manager at CALAVO GROWERS INC.
“Additionally, Ron Araiza, Executive Vice President, Foods and RFG Sales, will remain an employee in a non-executive capacity as interim Prepared SVP/General Manager until a successor is identified or through his retirement which is anticipated on October 31, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.