0001342423 false 0001342423 2022-06-10 2022-06-10 iso4217:USD xbrli:shares iso4217:USD xbrli:shares



United States


Washington, D.C. 20549




Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


June 10, 2022

Date of Report (date of earliest event reported)


Limoneira Company

(Exact Name of Registrant as Specified in its Charter)

Delaware   001-34755   77-0260692
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification Number)


1141 Cummings Road

Santa Paula, CA 93060

(Address of Principal Executive Offices) (Zip Code)


(805) 525-5541

(Registrant’s Telephone Number, Including Area Code)


Check the appropriate box below if the Form 8-K 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, par value $0.01 per share LMNR

The NASDAQ Stock Market LLC

(NASDAQ Global Select Market)


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).


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. ¨






Section 5 Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


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. Mr. Loza’s resignation was to focus his attention on continuing to lead Freska Produce as its Chief Executive Officer, and did not result from any disagreements with the Company.


Mr. Loza was a Class II director of the Company and also served as the Chairman of the Company’s Marketing Committee. Effective upon Mr. Loza’s resignation as a director, the size of the Board will be reduced from 11 to 10 directors.


A copy of the Company’s press release regarding the resignation of Mr. Loza from the Company’s Board is attached hereto as Exhibit 99.1.


Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits


99.1       Limoneira Company Press Release dated June 14, 2022
 104        Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)







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.


Dated: June 14, 2022 LIMONEIRA COMPANY
  By: /s/ Mark Palamountain
    Mark Palamountain
    Chief Financial Officer, Treasurer and Corporate Secretary



Exhibit 99.1



Limoneira Company Announces Resignation of Jesus Loza from its Board of Directors



SANTA PAULA, Calif.-- (BUSINESS WIRE) – June 14, 2022 – The Board of Directors of Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced that Jesus “Chuy” Loza has decided to resign from its Board of Directors effective June 14, 2022 to focus his attention on continuing to lead Freska Produce.


Limoneira Chairman of the Board, Gordon Kimball, stated, “On behalf of our Board and Limoneira’s management team, we thank Chuy for his service and commitment to our Company. We greatly appreciate his insight and expertise throughout market cycles and the growth of One World of Citrus ™.”


Mr. Loza stated, “It has been an honor to work with Limoneira’s Board and management team especially through the recent pandemic. I am resigning from the Limoneira Board to focus my attention on my role as CEO of Freska Produce. Freska is one of the largest distributors of fresh and dehydrated mangos in the United States and also distributes Mexican, Peruvian and California avocados as well as provides refrigeration and processing services in Oxnard, California to strawberry growers. Our domestic and international growth opportunities now require my full attention.”


Limoneira remains deeply committed to maintaining a well-qualified and diverse Board that will provide guidance to management in the execution of its important strategic initiatives.


About Limoneira Company


Limoneira Company, a 129-year-old international agribusiness headquartered in Santa Paula, California, has grown to become one of the premier integrated agribusinesses in the world. Limoneira (lē moñ âra) is a dedicated sustainability company with 15,400 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona, Chile and Argentina. The Company is a leading producer of lemons, avocados, oranges, specialty citrus and other crops that are enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com.






John Mills

Managing Partner

ICR 646-277-1254



Forward-Looking Statements


This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Limoneira’s current expectations about future events and can be identified by terms such as “expect,” “may,” “anticipate,” “intend,” “should be,” “will be,” “is likely to,” “strive to,” and similar expressions referring to future periods.


Limoneira believes the expectations reflected in the forward-looking statements are reasonable but cannot guarantee future results, level of activity, performance or achievements. Actual results may differ materially from those expressed or implied in the forward-looking statements. Therefore, Limoneira cautions you against relying on any of these forward-looking statements. Factors that may cause future outcomes to differ materially from those foreseen in forward-looking statements include, but are not limited to: additional impacts from the current COVID-19 pandemic, changes in laws, regulations, rules, quotas, tariffs and import laws; weather conditions that affect production, transportation, storage, import and export of fresh product; increased pressure from crop disease, insects and other pests; disruption of water supplies or changes in water allocations; pricing and supply of raw materials and products; market responses to industry volume pressures; pricing and supply of energy; changes in interest and currency exchange rates; availability of financing for land development activities; political changes and economic crises; international conflict; acts of terrorism; labor disruptions, strikes or work stoppages; loss of important intellectual property rights; inability to pay debt obligations; inability to engage in certain transactions due to restrictive covenants in debt instruments; government restrictions on land use; and market and pricing risks due to concentrated ownership of stock. Other risks and uncertainties include those that are described in Limoneira’s SEC filings that are available on the SEC’s website at http://www.sec.gov. Limoneira undertakes no obligation to subsequently update or revise the forward-looking statements made in this press release, except as required by law.