Limoneira Company Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Limoneira Company on October 1, 2012, reporting events that occurred on September 25, 2012. The filing addresses corporate governance changes, specifically the election of a new director and an amendment to the company's bylaws.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and does not contain financial performance data.
Material Changes
- Director Election: The Board elected Scott S. Slater as a Class II Director to fill a vacancy created by a bylaw amendment. Mr. Slater will serve until the 2013 Annual Meeting of Stockholders.
- Bylaw Amendment: The Board approved an amendment to increase the number of directors from ten to eleven.
- Director Qualifications: The Board determined Mr. Slater qualifies as an independent director under NASDAQ Rule 5605(a)(2). He brings significant expertise in water law and resource management from his role at Cadiz Inc.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document is limited to the announcement of the director election and bylaw changes.
Key Facts for Investor Verification
- Scott S. Slater has been elected as an independent Class II Director.
- The Board of Directors size has been increased from 10 to 11 members.
- Mr. Slater's term is set to expire at the 2013 Annual Meeting of Stockholders.
- Mr. Slater currently serves as President and General Counsel of Cadiz Inc. and is a shareholder in Brownstein Hyatt Farber Schreck.