CALAVO GROWERS, INC (NASDAQ:CVGW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 25, 2017, the board of directors of Calavo Growers, Inc. (Calavo) appointed Kathleen Holmgren to fill the board position vacated by Mr. George Barnes, who retired in August 2016. Ms. Holmgren has not been appointed to any committees of the board of directors, nor does she have any transactions with related parties which would require disclosure to Item 404 of Regulation S-K. Ms. Holmgren will receive the standard director compensation that Calavo provides to its non-employee directors. A description of Calavo’s standard compensation can be found on page 14 of Calavo’s 2016 Proxy Statement, dated February 29, 2016.
Ms. Holmgren is a seasoned executive with over 30 years of experience in the storage, software, computer systems, and management consulting industries. In her management consulting practice, she provides functional and general management expertise to her client’s business – often serving in interim executive roles. Ms. Holmgren worked as a Senior Vice President at Sun Microsystems, and is currently a Chief Officer at Automation Anywhere. Ms. Holmgren has a bachelor’s degree in Industrial Engineering from California Polytechnic State University, and holds an MBA from Stanford University.
Under applicable Nasdaq rules, Ms. Holmgren is considered independent. With her appointment, Calavo’s board of directors has a majority of independent directors, as required by Nasdaq Listing Rule 5605(b)(1).
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About CALAVO GROWERS, INC (NASDAQ:CVGW)
Calavo Growers, Inc. is a provider of fresh food and operates in the avocado industry. The Company is engaged in marketing and distributing avocados, prepared avocados and other perishable foods. It operates through three segments: Fresh products, Calavo Foods and RFG. The Fresh products segment includes all operations that involve the distribution of avocados and other fresh produce products. The Calavo Foods segment represents all operations related to the purchase, manufacturing and distribution of prepared products, including guacamole, tortilla chips and salsa. The RFG segment represents all operations related to the manufacturing and distribution of fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli products. It delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants. It procures avocados from California, Mexico and Peru. CALAVO GROWERS, INC (NASDAQ:CVGW) Recent Trading Information
CALAVO GROWERS, INC (NASDAQ:CVGW) closed its last trading session down -0.40 at 55.00 with 337,109 shares trading hands.