Limoneira Company (NASDAQ:LMNR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
(b)
On August 22, 2017, Ronald Michaelis provided notice to the Limoneira Company (the “Company”) Board of Directors (the “Board”) of his decision to resign as director of the Company, such resignation to be effective October 31, 2017. Mr. Michaelis’s decision to resign as a director did not involve any disagreement with the Company, the Company’s management or the Board. Mr. Michaelis has served on the Board for 20 years and the Company would like to thank Mr. Michaelis for the valuable insight, leadership and direction that he has provided during such time. The Board is currently considering candidates to fill the vacancy on the Board that will be created by Mr. Michaelis’s resignation.
About Limoneira Company (NASDAQ:LMNR)
Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s three business divisions are agribusiness, rental operations and real estate development. The Company’s agribusiness division consists of two segments, namely lemon operations and other agribusiness, and includes its farming, harvesting, lemon packing and lemon sales operations. The Company’s rental operations business division includes its residential and commercial rentals, leased land operations and organic recycling. The Company’s real estate development business division includes its real estate projects and development. The Company operates its packinghouses in Santa Paula, California and Yuma, Arizona. The Company’s water resources include water rights, usage rights and pumping rights to the water in aquifers.