Highest-materiality recent filing
Limoneira sells Windfall Farms vineyard for $15M cash; expects $4.1M additional impairment
Windfall Investors LLC agrees to sell ~724-acre Paso Robles vineyard to Paul Rusnak for $15M all cash.
Peak Holdings terminates agreement to buy 80% interest in Limoneira's Paso Robles parcels
Peak Holdings terminated Purchase and Sale Agreement for 80% interest in Limoneira's Paso Robles real estate parcels on June 15, 2026.
Limoneira Q2 net loss $21.4M on $23.9M revenue; raises avocado guidance, executes asset sales
Q2 net loss $21.4M ($1.20 diluted loss) vs $3.5M loss ($0.20) a year ago; revenue fell to $23.9M from $35.1M.
Limoneira to sell 80% of Paso Robles vineyard for $16M; records $9.3M impairment
Sale of 80% tenant-in-common interest in 724-acre Paso Robles property for $16M: $10M cash + $6M promissory note.
Limoneira forms 50/50 JV with Agromin to build organics recycling facility; operational H2 FY2027
JV will process ~295,000 tons of organic waste annually; only permitted commercial composting center in Ventura County.
Limoneira stockholders elect directors, approve advisory compensation, ratify auditor
Elizabeth Mora and Peter J. Nolan elected as directors for three-year terms expiring 2029; Mora 6.19M For, Nolan 10.94M For.
Limoneira pauses common dividend to fund avocado, recycling, housing investments
Board pauses regular cash dividend to support strategic capital investments; expects to resume when prudent.
Limoneira Q1 FY2026 net loss $0.53/share; revenue down 47% on Sunkist shift
Q1 net loss $9.6M ($0.53 diluted EPS); adjusted net loss $0.48/share; adjusted EBITDA -$7.7M.
Limoneira enters consulting agreement with Mark Palamountain; $18,750/month, up to $200K bonus
Consulting agreement with Mark Palamountain for strategic, financial, and transactional advisory services.
Limoneira enters Transaction Incentive Agreements with CEO Edwards and incoming CFO Hamm
Edwards eligible for 5% of profits from asset sales/development, capped at $2M/yr, $5M total.
Limoneira CFO Mark Palamountain resigns; Greg Hamm named successor
Mark Palamountain steps down as EVP, CFO and Treasurer; effective date not set.
Limoneira reports Q4 net loss $0.49/diluted share; full-year loss $0.93 vs. prior-year profit
Q4 revenue $42.8M (down 2.5% YoY); operating loss $11.1M vs. $2.8M loss.
Modified Minimum Debt Service Coverage Ratio to ≥1.25:1 for FY ending Oct 31, 2027 and thereafter.
Limoneira adopts new award agreement form reflecting Sunkist merger impact
Board approved a new Form of Award Agreement under the 2022 Omnibus Incentive Plan for restricted shares, performance shares, and performance compensation.
Limoneira sells Chilean citrus ranches for $15M; retains 47% interest in packing co.
Sale price ~$15M for 500 acres lemons, 100 acres oranges; initial cash $6.8M, remainder via installment payments.
Limoneira terminates GPMA with PAI Centurion Citrus effective Oct 13, 2025
Mutual early termination of five-year Grower Packing & Marketing Agreement (original term through 2028/2029).
Limoneira Q3 net loss $0.06/sh vs income $0.35; revenue down 25% to $47.5M
Q3 total revenue $47.5M (down 25% YoY); operating loss $0.6M vs income $9.0M.
Limoneira increases ownership in Limco Del Mar to 54.5% by purchasing 80,608 units for $5.6M
On August 4, 2025, closed purchase of 80,608 limited partnership units at $70/unit for ~$5.6M.
Limoneira enters new $115M credit facility with AgWest Farm Credit, maturing 2030
New $114M revolving and $1M non-revolving credit facilities, maturing July 1, 2030.
Limoneira merges citrus sales & marketing with Sunkist, expects $5M annual savings
Signed Packinghouse License Agreement with Sunkist on June 6, 2025; term runs Nov 1, 2025 to Oct 31, 2028.
Limoneira Q2 net loss $0.20/sh; revenue down 21% YoY; plans Sunkist merger for $5M annual savings
Net revenue $35.1M vs $44.6M YoY; operating loss improved 28% to $3.3M.
Limoneira receives $10M from JV distribution; targets $50M EBITDA by FY2030
Limoneira received $10M from $20M cash distribution from Harvest at Limoneira JV; total proceeds expected $180M over 7 fiscal years.
Limoneira annual meeting elects directors, approves say-on-pay, ratifies auditor
Elected Barbara Carbone, Gordon Kimball, Scott Slater as directors for three-year terms ending 2028.
Limoneira receives $10M JV distribution; targets $50M EBITDA by 2030
Received $10M as 50% share of $20M distribution from Harvest at Limoneira JV with Lewis Group.
Limoneira forms 50/50 JV with Agromin to expand organic waste facility; first-year EBITDA ~$5M
JV plans 70-acre commercial composting facility (from existing 15 acres) processing green and food waste.
Limoneira authorizes $30M buyback, ends strategic alternatives review
Board approved up to $30M share repurchase program; purchases may be made in open market or private transactions.
Limoneira Q1 FY2025 operating loss narrows to $5.3M; revenue down 13.6% to $34.3M
Net loss per diluted share $(0.18) vs $(0.21) prior year; adjusted net loss per share $(0.14).
PGIM (on behalf of PAI) terminated Farm Management Agreement (FMA) effective March 31, 2025; no early termination penalties.
FY2024 total net revenue $191.5M (record, +6% YoY); net income $7.2M ($0.40 diluted EPS) vs $8.9M ($0.50) prior year.
Limoneira Q3 op income $9.0M vs loss of $1.5M; avocado guidance raised >50%
Q3 net revenue $63.3M (+21% YoY); operating income $9.0M vs loss $1.5M; diluted EPS $0.35 vs -$0.07.
Limoneira grants CEO/CFO transaction bonuses up to $5.25M/$3.15M on sale at $28+/share
CEO Harold Edwards: $3.75M base bonus at $28/share, increasing to $5.25M at $40/share, plus $62,500 per $1 above $40.
Limoneira approves change in control agreements for CEO, CFO, and management
Board approved change in control agreements on July 23, 2024; executed July 24, 2024 with CEO Harold Edwards and CFO Mark Palamountain.
Limoneira raises Harvest proceeds 46% to $180M; targets $45-55M EBITDA by FY2030
Q2 FY2024 net income $6.4M ($0.35 diluted EPS) vs. loss of $1.7M ($0.10) YoY; adjusted EPS $0.44.
Limoneira JV gets approval for 550 additional dwelling units at Harvest community (1,500 to 2,050)
Santa Paula City Council approved increase from 1,500 to 2,050 dwelling units (37% increase) on April 3, 2024.
Limoneira JV closes sale of 554 homesites to Lennar, completing Phase 2 of Harvest community
Phase 2 (Foothill Neighborhood) sold to Lennar: 554 homesites with home sizes 1,500–3,500 sq ft and Pacific Ocean views.
Stockholders approve 1M share increase for 2022 Incentive Plan and officer exculpation amendment
Stockholders approved amendment increasing 2022 Plan shares from 500,000 to 1,500,000 (10,236,499 for, 1,565,324 against).
Limoneira Q1 net loss narrows on asset-lighter shift; revenue up 5% to $39.7M
Adjusted net loss per diluted share improved to $0.18 from $0.53; adjusted EBITDA loss narrowed 39% to $4.8M.
Q4 revenue $41.4M (+4% YoY); operating loss $9.7M vs loss $1.9M; net loss $0.20/diluted share.
Limoneira announces director retirement, appoints Peter Nolan; to explore strategic alternatives
Elizabeth Blanchard Chess retires from Board effective Jan 1, 2024; remains as consultant.
Limoneira explores strategic alternatives, including sale or merger, citing undervaluation
Retained Stephens Inc. as financial advisor and Squire Patton Boggs as legal advisor for strategic review process.
Board approved new Form of Award Agreement for restricted shares, performance-based shares, and performance-based compensation awards on October 30, 2023.
Limoneira JV closes 121 homesites with Lennar and Richmond American; completes Phase 1 sell-out
121 homesites sold: 50 to Lennar, 71 to Richmond American Homes at Harvest at Limoneira.
Limoneira reports Q3 operating loss of $1.5M; cuts fresh lemon volume guidance
Revenue down 11% YoY to $52.5M; net loss per diluted share of $0.07 vs income of $0.40.
Limoneira enters water fallowing program; to receive ~$1.32M annually for 581 acres in Yuma
Company entered fallowing program with Yuma Mesa Irrigation and Drainage District and US Bureau of Reclamation through at least calendar 2025.
Limoneira targets $25M EBITDA growth by FY2028; asset sales and asset-lighter model shift
Plans $25M incremental EBITDA by FY2028 via lemon volume growth, Chile packing house ($10M) and grower partner expansion.
Limoneira Q2 net loss $1.7M; debt slashed 70% to $31.5M; avocado guidance cut
Q2 net loss $1.7M ($0.10 loss per share) vs net income $1.4M ($0.08 EPS) a year ago.
Limoneira settles Thomas Fire claims with SCE for $9M
Resolved all claims against Southern California Edison for damages from December 2017 Thomas Fire and Koenigstein Fire.
Limoneira 2023 annual meeting: shareholders fail to approve officer exculpation amendment
Two directors elected: Elizabeth Blanchard Chess and Elizabeth Mora, each with >5M votes for; broker non-votes 3.77M.
Limoneira Q1: net income $15.5M ($0.84/diluted) on $37.9M revenue; adjusted loss $0.53/share
Revenue $37.9M vs $39.3M YoY; operating income $25.9M (incl $40M gain from Northern Properties sale) vs $9.6M loss prior year.
Limoneira completes $100M sale of California citrus groves, enters management and packing agreements
Sold 3,537-acre Northern Properties in Tulare County for ~$100M; net proceeds ~$99M.
On December 15, 2023, Elizabeth Blanchard Chess announced her retirement from the Board, effective January 1, 2024.
On December 15, 2023, in connection with the Cooperation Agreement described in Item 1.01, the Board appointed Peter J. Nolan to serve as a Class III director, effective January 1, 2024, filling the vacancy caused by Ms. Chess’ retirement.
On January 24, 2023, John W.H. Merriman announced his retirement from the Board of Directors (the “ Board ”) of Limoneira Company (the “ Company ”), effective January 31, 2023.
On October 21, 2022, Robert M. Sawyer notified the Chairperson of the Board of Directors (the "Board") of Limoneira Company (the "Company") of his decision to resign, effective November 1, 2022, from his position as a member of the Board, creating a vacancy on the Board.
On October 26, 2022, the Board appointed Barbara Carbone to serve as a Class II director, effective November 1, 2022, filling the vacancy caused by Mr. Sawyer’s resignation.
As of August 1, 2022, Ms. Fukutomi will serve as the Vice President of Corporate Compliance and Corporate Secretary of the Company.
On July 27, 2022, Amy Fukutomi notified the Chairperson of the Board of the Company of her decision to resign, effective August 1, 2022, from her position as a member of the Board.
On June 10, 2022, Jesus “Chuy” Loza (“Mr. Loza”) notified the Chairman of the Board of Directors (the “Board”) of Limoneira Company (the “Company”) of his decision to resign, effective June 14, 2022, from his position as a member of the Board.
the Board of Directors (the “Board”) of Limoneira Company (the “Company”) expanded the size of the Board to eleven directors and appointed Elizabeth Mora to serve as a Class III director, effective November 1, 2021.
On January 10, 2022, the Board of Directors and management of Limoneira Company (the “Company”) were notified of Alex M. Teague’s decision to retire as Senior Vice President and Chief Operating Officer of the Company, effective as of February 1, 2022.
On October 26, 2021, the Board of Directors (the “Board) of Limoneira Company (the “Company”) expanded the size of the Board to eleven directors, creating a vacancy, and appointed Elizabeth Mora to serve as a Class III director, effective November 1, 2021.
Max materiality 0.85 · Median 0.60 · Most common event other_material