Business Context and Reporting Period
This Form 8-K was filed by Limoneira Company on November 15, 2016. The report addresses corporate governance changes, specifically the election of a new director to the Board of Directors.
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 personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the departure of John W. Blanchard due to retirement and the subsequent election of Elizabeth "Betsy" Blanchard Chess as a Class III director to fill the vacancy. Ms. Chess will serve until the 2017 Annual Meeting of Stockholders.
Outlook, Risks, and Management Commentary
The Board determined that Ms. Chess qualifies as an independent director under NASDAQ Rule 5605(a)(2). Her background includes roles as Director of Development for the Museum of Ventura County, former Executive Director of New West Symphony, and experience in publishing agricultural magazines. The Board cites her extensive knowledge of the Santa Paula and Ventura County community as providing important perspective on community relations and land resource use. No financial guidance, risks, or contingencies were disclosed in this filing.
Key Facts for Investor Verification
- Elizabeth "Betsy" Blanchard Chess was elected to the Board on November 15, 2016.
- The new director replaces John W. Blanchard, who retired.
- Ms. Chess is designated as an independent director.
- Ms. Chess has not yet been assigned to any Board committees.
- No financial results or operational metrics are included in this specific filing.