Business Context and Reporting Period
This Form 8-K is a current report filed by Limoneira Company (LMNR) on June 15, 2026. The filing addresses the termination of a material definitive agreement involving the Company's subsidiary, Windfall Investors, LLC.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed relates to a transaction deposit:
- Escrow Deposit: $500,000 in cash was deposited by the counterparty, Peak Holdings, LLC, and is scheduled to be returned to them.
Material Changes
The primary material change reported is the termination of a Purchase and Sale Agreement dated April 14, 2026. Key details include:
- Agreement Terminated: Purchase Agreement between Windfall Investors, LLC and Peak Holdings, LLC.
- Subject Matter: The sale of an 80% undivided tenant-in-common interest in real estate parcels located in Paso Robles, California.
- Reason for Termination: Peak Holdings exercised its right to terminate during the due diligence review period as outlined in Section 5.5 of the agreement.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of general risks and contingencies beyond the specific event of the agreement termination. No unusual items were reported other than the termination itself.
Investor Verification Checklist
- Verify the status of the Paso Robles real estate parcels and whether Limoneira Company intends to re-list them for sale.
- Confirm the return of the $500,000 escrow deposit to Peak Holdings, LLC.
- Review the Company's broader real estate portfolio strategy given the failure of this specific transaction.