Regulatory Filings • Mar 18, 2025
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Download Source FileUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 18, 2025
CALAVO GROWERS, INC.
(Exact name of registrant as specified in its charter)
| | | | | |
|---|---|---|---|---|
| California | 000-33385 | 33-0945304 | ||
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | |
|---|---|---|
| 1141-A Cummings Road , Santa Paula , California | 91360 | |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: ( 805 ) 525-1245
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| | | | | |
|---|---|---|---|---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock | | CVGW | | Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On March 16, 2025, the Board of Directors of Calavo Growers, Inc. (the “Company”) approved a share repurchase program authorizing the Company to repurchase up to $25,000,000 of its outstanding shares of common stock, par value $0.001 per share (“Common Stock”).
Repurchases under the program may be made from time to time in accordance with applicable securities laws and regulations, using a variety of methods, including open market purchases, privately negotiated transactions, and Rule 10b5-1 trading plans under the Securities Exchange Act of 1934, as amended.
The share repurchase program does not require the Company to acquire any specific number of shares, and may be modified, suspended, or discontinued at any time at the discretion of the Board of Directors or management. The timing, amount, and method of repurchases will depend on a variety of factors, including market conditions, the Company’s financial position, regulatory requirements, and other strategic considerations.
This disclosure contains forward-looking statements regarding the Company’s stock repurchase program. Actual results may differ due to various risks and uncertainties, as outlined in the Company’s most recent filings with the Securities and Exchange Commission.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits | |
|---|---|---|
| | 99.1 | Press release dated March 18, 2025 of the Registrant. |
| | 104 | Cover Page Interactive Data File (formatted as inline XBRL). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | Calavo Growers, Inc. | |
|---|---|---|
| March 18, 2025 | | |
| | By: | /s/ Lecil Cole |
| | Lecil Cole | |
| | Chief Executive Officer (Principal Executive Officer) |
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