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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (date of earliest event reported): April 28, 2025

 

CALAVO GROWERS, INC.

(Exact Name of Registrant as Specified in Charter)

 

California   000-33385   33-0945304
(State or Other
Jurisdiction of Incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

1141-A Cummings Road, Santa Paula, California 93060

 

 

 

(Address of Principal Executive Offices) (Zip Code)

 

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Registrant’s telephone number, including area code: (805) 525-1245

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   CVGW   Nasdaq Global Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

As described below in Item 5.07 of this Current Report on Form 8-K, on April 23, 2025, at the annual meeting of stockholders of Calavo Growers, Inc., the stockholders of Calavo Growers, Inc. approved the Amended and Restated Calavo Growers, Inc. 2020 Equity Incentive Plan (the “Amended Plan”). The Amended Plan was adopted by the Company’s Board of Directors (the “Board”) on February 27, 2025, subject to approval by the stockholders at the annual meeting.

 

A description of the material terms of the Amended Plan is set forth in Proposal 4 contained in the Company’s definitive proxy statement for the annual meeting filed with the Securities and Exchange Commission on February 28, 2025. The above description of the Amended Plan is qualified in all respects by the full text of the Amended Plan, which is attached to this report as Exhibit 10.1 and is incorporated herein by reference.

 

Item 5.07Submission of Matters to a Vote of Security Holders.

 

On April 23, 2025, we held the annual meeting of shareholders of Calavo Growers, Inc. At the meeting, the holders of our outstanding common stock acted on the following matters:

 

(1)   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:

 

Name of Nominee   Votes
For
  Votes
Withheld
  Broker
Non-Votes
Farha Aslam   10,418,047   617,792   1,955,374
Marc L.Brown   10,798,726   446,881   1,955,374
Michael A. DiGregorio   10,632,068   406,384   1,955,374
B. John Lindeman   9,803,031   1,235,421   1,955,374
Steven W. Hollister   10,730,022   358,765   1,955,374
Kathleen M. Holmgren   10,750,272   288,181   1,955,374
J. Link Leavens   12,240,872   1,139,835   1,955,374
Adriana Mendizabal   10,558,831   477,008   1,955,374

 

(2)    The shareholders approved the ratification of the appointment of Deloitte & Touche LLP as our independent accountants for fiscal 2025. Votes cast were as follows:

 

For   13,192,553
Against   21,705
Abstain   103,883

 

(3)    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 2025 proxy statement. Votes cast were as follows:

 

For   11,187,620
Against   145,713
Abstain   29,434
Broker Non-Votes   1,955,374

 

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(4)    The shareholders voted and approved an amendment and restatement of the Calavo Growers, Inc. 2020 Equity Incentive Plan as disclosed in the company’s 2025 proxy statement. Votes cast were as follows:

 

For   10,607,635
Against   715,140
Abstain   39,992
Broker Non-Votes   1,955,374

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

The following exhibits are filed as part of this report:

 

Exhibit Number Description
10.1 Amended and Restated Calavo Growers, Inc. 2020 Equity Incentive Plan
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Calavo Growers, Inc.
April 28, 2025  
   
  By: /s/ Lecil Cole
    Lecil Cole
    Chief Executive Officer
    (Principal Executive Officer)

 

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