AVO 8-K/A: $375,000 severance terms for Juan A. Wiesner
Rhea-AI Filing Summary
Mission Produce (AVO) filed an 8-K/A to disclose the separation terms for Juan A. Wiesner, President of Central and South America, whose departure is effective November 1, 2025. The Separation Agreement provides a $375,000 cash severance, comprising $354,462 tied to an incentive program for incorporating a new company under Peruvian law and $20,538 in additional severance.
All outstanding but unvested equity awards remain governed by existing award agreements. The agreement includes confidentiality, non-compete, non-solicit, non-disparagement, and waiver of claims provisions. The agreement is filed as Exhibit 10.1.
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8-K Event Classification
Item 9.01 — Financial Statements and Exhibits
1 item
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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FAQ
What did Mission Produce (AVO) disclose in this 8-K/A?
It disclosed the terms of a Separation Agreement with Juan A. Wiesner tied to his departure as President of Central and South America.
When is Juan A. Wiesner’s departure effective at Mission Produce (AVO)?
His departure is effective November 1, 2025.
How much severance will Juan A. Wiesner receive from Mission Produce (AVO)?
A total cash severance of $375,000: $354,462 for a Peruvian law incorporation incentive and $20,538 as additional severance.
What happens to Juan A. Wiesner’s unvested equity awards at Mission Produce (AVO)?
All outstanding but unvested equity awards remain subject to the applicable equity award agreements.
What restrictive covenants are included in the Separation Agreement?
Confidentiality, non-compete, non-solicit, non-disparagement, and waiver of claims provisions.
Where can investors find the full Separation Agreement for Mission Produce (AVO)?
It is filed as Exhibit 10.1 to the report.
Who are the parties to the Separation Agreement disclosed by Mission Produce (AVO)?
Beggie Peru S.A.C., Mission Produce, Inc., and Juan A. Wiesner.