Limoneira CO — fact timeline

Limoneira CO terminated Purchase and Sale Agreement with Peak Holdings, LLC valued at Sale of an 80% undivided tenant-in-common interest in real estate parcels in Paso Robles, California (effective 2026-06-15).

“On June 15, 2026, Windfall Investors, LLC, a California limited liability company and subsidiary of Limoneira Company (the “ Company ”) received written notice of termination from Peak Holdings, LLC (“ Peak Holdings ”) of the Purchase and Sale Agreement (the “ Purchase Agreement ”), dated as of April 14, 2026, between the Company and Peak Holdings. Pursuant to the Purchase Agreement, the Company agreed to sell to Peak Holdings an eighty-percent (80%) undivided tenant-in-common interest in the Company’s real estate parcels located in Paso Robles, California. An amount equal to $500,000 in cash was deposited by Peak Holdings in an escrow account and will be returned to Peak Holdings pursuant to its right to terminate the Purchase Agreement during the due diligence review period, as set forth in Section 5.5 of the Purchase Agreement.”

Limoneira CO reported second quarter ended April 30, 2026 results: revenue $23.9 million. Guidance raised.

“imoneira Company Announces Second Quarter Fiscal Year 2026 Financial Results Reports Second Quarter Revenue of $23.9 Million, Exceeding Expectations Full Year Fiscal 2026 Avocado Volume Guidance Increased to 5.5 Million to 6.5 Million Pounds from Previous 5 Million to 6 Million Range Agromin Joint Venture Agreement Executed, Creating Potential High-Return Platform Expected to Generate Substantial Shared Earnings While Optimizing Underutilized Land and Conserved Water Expected Fiscal Year 2026 Monetization of Paso Robles Vineyard Asset Through $16 Million Partial Sale Agreement Water Monetization Strategy on Track for Fiscal Year 2026 SANTA PAULA, Calif.-- (BUSINESS WIRE) – June 9, 2026 -- Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified lemon and avocado growing and lemon packing company with related agribusiness activities and real estate development operat”

Limoneira CO entered into Purchase and Sale Agreement with Peak Holdings, LLC valued at $16,000,000 aggregate purchase price, $10,000,000 cash and $6,000,000 promissory note (effective 2026-04-14).

“On April 14, 2026, Windfall Investors, LLC, a California limited liability company and subsidiary of Limoneira Company (the “ Company ”) entered into a Purchase and Sale Agreement (the “ Purchase Agreement ”) with Peak Holdings, LLC, a California limited liability company (the “ Buyer ”) pursuant to which the Company will sell to the Buyer an eighty-percent (80%) undivided tenant-in-common interest in the Company’s real estate parcels located in Paso Robles, California”

Limoneira CO announced a impairment with charges of approximately $9,300,000.

“As a result of the transactions contemplated by the Purchase Agreement, we determined on April 14, 2026 that we will recognize an impairment of property, plant and equipment to be recorded in the second quarter of fiscal year 2026, which is currently estimated to be approximately $9,300,000.”

Limoneira CO entered into Land Lease Agreement with Agromin-Limoneira LLC (effective 2026-04-14).

“ormed a special purpose entity, Agromin-Limoneira LLC, a California limited liability company (“ NewCo ”), for the purpose”

Limoneira CO entered into Revolving Line of Credit Agreement with Agromin-Limoneira LLC valued at $5,000,000 (effective 2026-04-14).

“on April 14, 2026, the Company and NewCo entered into a Revolving Line of Credit Agreement (the “ Loan Agreement ”) which provides financing to NewCo in the aggregate principal amount of up to $5,000,000”

Limoneira CO entered into Operating Agreement of Agromin-Limoneira LLC with California Wood Recycling, Inc. dba Agromin (effective 2026-04-14).

“on April 14, 2026, the Company entered into the Operating Agreement of Agromin-Limoneira LLC (the “ LLC Agreement ”) which provides for, among other things, the admittance of the Company and Agromin as 50% members of NewCo.”

Limoneira CO reported the first quarter ended January 31, 2026 results: revenue $18.2 million. Guidance reaffirmed.

“For the first quarter of fiscal year 2026, total net revenues were $18.2 million, compared to total net revenues of $34.3 million in the first quarter of the previous fiscal year.”

Limoneira CO amended Modification with AgWest Farm Credit, PCA (effective 2025-12-12).

“On December 12, 2025, Limoneira Company, a Delaware corporation (the “ Company ”), entered into the Modification (the “ Modification ”) to the Master Loan Agreement (the “ MLA ”), dated June 26, 2025, between the Company and AgWest Farm Credit, PCA.”

Limoneira CO incurred credit facility of $115,000,000 comprised of $114,000,000 under the Revolving Credit Supplement and $1,000,000 under the Non-Revolving Cred with AgWest Farm Credit, PCA at initial interest rate in effect under the Revolving Credit Supplement is 6.600% maturing July 1, 2030.

“The MLA amends and restates the Master Loan Agreement between the Company and the Lender, dated March 27, 2024. The Supplements provide aggregate borrowing capacity of $115,000,000 comprised of $114,000,000 under the Revolving Credit Supplement and $1,000,000 under the Non-Revolving Credit Supplement. For amounts outstanding under both Supplements interest”

Limoneira CO: Amendment to Article TWENTY-SECOND of the Restated Certificate of Incorporation to extend exculpation protection to officers under Section 102(b)(7) of the Delaware General Corporation Law (effective 2024-03-26).

“The Certificate of Amendment became effective upon its filing with the Secretary of State of the State of Delaware on March 26, 2024.”

Limoneira CO shareholders approved Amendment of the Company’s Restated Certificate of Incorporation to Allow for the Exculpation of Officers at the 2024-03-26 meeting.

“Proposal 5: Amendment of the Company’s Restated Certificate of Incorporation to Allow for the Exculpation of Officers The following votes were cast with respect to approval of the amendment to the Company’s Restated Certificate of Incorporation: Shares Voted For Against Abstain Broker Non-Votes 10,109,578.03 1,635,298.80 153,441.81 3,246,160”

Limoneira CO shareholders approved Ratification of Selection of Independent Registered Public Accounting Firm at the 2024-03-26 meeting.

“Proposal 4: Ratification of Selection of Independent Registered Public Accounting Firm The following votes were cast with respect to the ratification of the selection of Deloitte & Touche LLP as the independent registered public accounting firm for the Company to serve for the fiscal year ending October 31, 2024: Shares Voted For Against Abstain 15,056,798.50 43,150.15 44,530”

Limoneira CO shareholders approved Advisory Resolution on the Frequency of the Advisory Vote on Executive Compensation at the 2024-03-26 meeting.

“Proposal 3: Advisory Resolution on the Frequency of the Advisory Vote on Executive Compensation The following votes were cast with respect to the frequency with which the Company holds the advisory vote on compensation of named executive officers: Shares Voted One Year Two Years Three Years Abstain 11,080,352.03 48,562.81 567,604 201,799.80”

Limoneira CO shareholders approved Advisory Vote on Executive Compensation at the 2024-03-26 meeting.

“Proposal 2: Advisory Vote on Executive Compensation The following votes were cast with respect to the non-binding, advisory vote on compensation of the named executive officers, as disclosed in the Company’s proxy statement pursuant to Item 402 of Regulation S-K under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended: Shares Voted For Against Abstain Broker Non-Votes 9,824,405.05 1,551,798.80 522,114.80 3,246,160”

Limoneira CO shareholders approved Election of Directors at the 2024-03-26 meeting.

“Proposal 1: Election of Directors The following votes were cast with respect to the election of the following nominees as directors of the Company to hold office for a three-year term, ending at the 2027 Annual Meeting of Stockholders: Shares Voted For Withheld Broker Non-Votes Harold S. Edwards 11,382,333.31 515,985.35 3,246,160 Edgar A. Terry 7,423,881.31 4,474,437.35 3,246,160”

Limoneira CO reported the first quarter ended January 31, 2024 results: revenue $39.7 million, net income Net loss applicable to common stock, after preferred dividends, for the first quarter of fiscal year 2024 was $3.7 milli, EPS Net loss per diluted share for the first quarter of fiscal year 2024 was $0.21. Guidance reaffirmed.

“furnished within this report as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Limoneira Company Announces First Quarter Fiscal Year 2024 Financial Results Net Revenues Grew 5% to $39.7 Million in First Quarter of Fiscal Year 2024 Compared to Prior Year Strategic Shift Toward Higher Margin “Asset-Lighter” Business Model Reflected in First Quarter of Fiscal Year 2024”

Limoneira CO reported the fiscal fourth quarter and full year ended October 31, 2023 results: revenue $41.4 million, net income Net loss applicable to common stock, after preferred dividends, for the fourth quarter of fiscal year 2023 was $3.6 mill, EPS Net loss per diluted share for the fourth quarter of fiscal year 2023 was $0.20. Guidance raised.

“year 2022 and $3 million expected in fiscal year 2024.” Fiscal Year 2023 Fourth Quarter Results For the fourth quarter of fiscal year 2023, total net revenue increased 4% to $41.4 million, compared to total net revenue of $39.7 million in the fourth quarter of the previous fiscal year. Agribusiness revenue was $40.1 million, compared to $38.2 million in the fourth”

Limoneira CO: Amended and Restated Bylaws, effective upon adoption, with revisions to Sections 2.1, 2.3, and 2.5 to update stockholder notice requirements for nominations and proposals and adjournment procedures (effective 2023-12-15).

“On December 15, 2023, upon the recommendation of the Board’s Nominating and Corporate Governance Committee, the Board approved, ratified and adopted the Amended and Restated Bylaws of the Company (the “Amended and Restated Bylaws”), effective upon adoption.”

Peter J. Nolan was appointed as Director at Limoneira CO.

“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.”

Elizabeth Blanchard Chess retired as Director at Limoneira CO.

“On December 15, 2023, Elizabeth Blanchard Chess announced her retirement from the Board, effective January 1, 2024.”

Limoneira CO reported the third quarter ended July 31, 2023 results: revenue $52.5 million, net income Net loss applicable to common stock...was $1.3 million, EPS $0.07.

“For the third quarter of fiscal year 2023, total net revenue was $52.5 million”

Limoneira CO reported second quarter ended April 30, 2023 results: revenue $48.1 million, EPS $0.10. Guidance reaffirmed.

“For the second quarter of fiscal year 2023, total net revenue was $48.1 million, compared to total net revenue of $46.8 million in the second quarter of the previous fiscal year.”

Limoneira CO entered into Confidential Settlement Agreement and Release with Southern California Edison Company and Edison International valued at $9,000,000 (effective 2023-04-18).

“On April 18, 2023, Limoneira Company (the “ Company ”) entered into a Confidential Settlement Agreement and Release (the “ Settlement Agreement ”) with Southern California Edison Company (“ SCE ”) and Edison International (together with SCE, “ Edison ”) to formally resolve any and all claims between the Company and Edison for damages relating to the Southern California wildfires known as the Thomas Fire and the Koenigstein Fire (together the “ Fire ”), which ignited on December 4, 2017 in two separate locations near the Cities of Ojai and Santa Paula, California.”

Limoneira CO shareholders rejected Amendment of the Company’s Restated Certificate of Incorporation to Allow for the Exculpation of Officers at the 2023-03-21 meeting.

“Based on the votes set forth above, the amendment to the Company’s Restated Certificate of Incorporation was not approved by the stockholders.”

Limoneira CO shareholders approved Ratification of Selection of Independent Registered Public Accounting Firm at the 2023-03-21 meeting.

“Based on the votes set forth above, the selection of Deloitte & Touche LLP as the independent registered public accounting firm for the Company to serve for the fiscal year ending October 31, 2023 was duly ratified by the stockholders.”

Limoneira CO shareholders approved Advisory Vote on Executive Compensation at the 2023-03-21 meeting.

“Based on the votes set forth above, the compensation of the named executive officers was approved by the stockholders on a non-binding, advisory basis.”

Limoneira CO shareholders approved Election of Directors at the 2023-03-21 meeting.

“Based on the votes set forth above, each of the nominees listed above was duly elected to serve as a director of the Company for a three-year term, ending at the 2026 Annual Meeting of Stockholders.”

Limoneira CO completed a disposition involving PGIM for approximately $100,000,000 (closed 2023-01-31).

“the Company’s Current Report on Form 8-K filed on January 31, 2023 and is incorporated by reference herein. The aggregate sale price of the Northern Properties was approximately $100,000,000. The sale was made as part of the Company’s ongoing strategic initiative to monetize certain of its properties. The sale generated approximately $99,000,000 in net proceeds which”

Limoneira CO entered into Grower Packing and Marketing Agreement with PAI Centurion Citrus, LLC valued at Best efforts to ensure net return equal to or greater than Benchmark (effective 2023-01-31).

“On January 31, 2023, the Company also entered into a Grower Packing & Marketing Agreement (the “ GPMA ”) with PAI. Under the terms of the GPMA, the Company will provide packing, marketing and selling services for lemons harvested on the Northern Properties for a minimum five-year period (the “ Initial Term ”). During the Initial Term, the GPMA provides that the Company will use its best efforts to ensure that PAI earns a net return for all lemons packed by the Company that is equal to or greater than PAI would have received under a similar agreement for packing services using a benchmarking standard to be designated (the “ Benchmark ”).”

Limoneira CO entered into Farm Management Agreement with Capital Agricultural Property Services, Inc. (on behalf of PAI Centurion Citrus, LLC) valued at approximately $778,000 per year (effective 2023-01-31).

“On January 31, 2023, Limoneira Company, (the “ Company ”) entered into a Farm Management Agreement, dated January 31, 2023 (the “ FMA ”) with Capital Agricultural Property Services, Inc., a Delaware Corporation (“ CAPS ”), acting on behalf of PAI Centurion Citrus, LLC, a Delaware Limited Liability Company (“ PAI ”), an affiliate of PGIM Real Estate Finance, LLC, a Delaware Limited Liability Company (“ PGIM ”). Under the terms of the FMA, the Company will provide farming, management and operations services (the “ Management Services ”) related to the 3,537-acre citrus grove parcels of land in Tulare County, California (the “ Northern Properties ”) for an initial term expiring on March 31, 2024, and thereafter continuing from fiscal year to fiscal year unless earlier terminated under the terms of the FMA.”

Limoneira CO entered into Purchase and Sale Agreement and Joint Escrow Instructions with PGIM Real Estate Finance, LLC valued at approximately $100,000,000 (effective 2022-10-10).

“On October 10, 2022, Limoneira Company, (the “ Company ”) entered into a Purchase and Sale Agreement and Joint Escrow Instructions, dated October 10, 2022 (the “ Purchase Agreement ”), as amended on January 17, 2023 (the “ First Amendment ”), and as further amended on January 24, 2023 (the “ Second Amendment ” and, together with the First Amendment and the Purchase Agreement, the “ Agreement ”) with PGIM Real Estate Finance, LLC, a Delaware Limited Liability Company (“ PGIM ”).”

John W.H. Merriman retired as Director at Limoneira CO.

“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.”

Limoneira CO reported the fiscal year ended October 31, 2022 results: revenue $184.6 million, net income $737,000, EPS $0.04.

“For the fiscal year ended October 31, 2022, revenue increased to $184.6 million, compared to $166.0 million in fiscal year 2021. Operating income for fiscal year 2022 was $2.2 million, compared to operating loss of $6.3 million in the prior fiscal year. Net loss applicable to common stock was $737,000 for fiscal year 2022, compared to net loss applicable to common stock of $3.9 million for fiscal year 2021. Net loss per diluted share for fiscal year 2022 was $0.04, compared to net loss per diluted share of $0.23 for fiscal year 2021.”

Limoneira CO reported the fiscal fourth quarter ended October 31, 2022 results: revenue $39.7 million, net income $2.8 million, EPS $0.16.

“ultimately unlock even more value for our shareholders.” Fiscal Year 2022 Fourth Quarter Results For the fourth quarter of fiscal year 2022, total net revenue increased 18% to $39.7 million, compared to total net revenue of $33.5 million in the fourth quarter of the previous fiscal year. Agribusiness revenue was $38.2 million, compared to $32.3 million in the fourth”

Limoneira CO entered into Single Premium Guaranteed Annuity Contract Purchase Agreement with Principal Life Insurance Company valued at $12,617,160.57 (effective 2022-11-04).

“On November 4, 2022, Limoneira Company, a Delaware corporation (the “ Company ”), entered into a Single Premium Guaranteed Annuity Contract Purchase Agreement (the “ Agreement ”) with Principal Life Insurance Company (the “ Insurer ”).”

Limoneira CO entered into Closing Agreement with Limoneira Lewis Community Builders, LLC and Limoneira Lewis Community Builders II, LLC valued at Property transfer value of $15,950,886 and cash contribution of $8,022,893, with $7,869,775.98 disbu (effective 2022-10-25).

“On October 25, 2022, in connection with the closing of the previously announced Purchase and Sale Agreement (the “ Agreement ”), dated September 7, 2022, between the Company and Limoneira Lewis Community Builders, LLC, a Delaware limited liability company (“ LLCB ”), the Company entered into the Closing Agreement (the “ Closing Agreement ”) with LLCB and Limoneira Lewis Community Builders II, a Delaware limited liability company (“ LLCB II ”).”

Limoneira CO entered into Standard Industrial/Commercial Single Tenant Lease with Ventura County Railway Company, LLC (effective 2022-10-26).

“On October 26, 2022, Limoneira Company, a Delaware Corporation (the “Company”), in connection with the closing of the previously announced Purchase and Sale Agreement and Joint Escrow Instructions (the “Agreement”) with Ventura County Railway Company, LLC, a California limited liability company (“Ventura”), entered into the Standard Industrial/Commercial Single Tenant Lease with Ventura (the “Lease”).”

Barbara Carbone was appointed as Director at Limoneira CO.

“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.”

Robert M. Sawyer resigned as Director at Limoneira CO.

“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.”

Amy Fukutomi was appointed as Vice President of Corporate Compliance and Corporate Secretary at Limoneira CO.

“As of August 1, 2022, Ms. Fukutomi will serve as the Vice President of Corporate Compliance and Corporate Secretary of the Company.”

Amy Fukutomi resigned as Director at Limoneira CO.

“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.”

Jesus Loza resigned as Director at Limoneira CO.

“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.”

Elizabeth Mora was appointed as Class III director at Limoneira CO.

“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.”

Alex M. Teague departed as Senior Vice President and Chief Operating Officer at Limoneira CO.

“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.”

Elizabeth Mora was appointed as Class III Director at Limoneira CO.

“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.”