Mission Produce (NASDAQ: AVO) holders back share issuance for Calavo deal

Rhea-AI Filing Summary

Mission Produce held a Special Meeting where stockholders approved issuing new common shares for the planned mergers with Calavo Growers under the January 14, 2026 Merger Agreement, satisfying Nasdaq Listing Rule 5635(a) and potentially 5635(b). As of the March 16, 2026 record date, 70,846,364 shares were outstanding, and 49,834,743 shares, about 70% of those entitled to vote, were represented, establishing a quorum. The share issuance proposal passed with 49,222,202 votes for, 605,041 against, and 7,500 abstentions. An adjournment proposal received 49,075,279 votes for, 751,406 against, and 8,058 abstentions but was not needed because sufficient votes were already obtained. The parties expect to close the mergers in the fiscal quarter ending July 31, 2026, subject to customary closing conditions.

Insights

M&A and corporate governance analyst

Shareholders cleared the key share-issuance hurdle for Mission Produce’s Calavo merger.

The Special Meeting delivered strong support for issuing Mission Produce common stock to complete the mergers with Calavo Growers under the January 14, 2026 Merger Agreement. This approval is necessary to comply with Nasdaq Listing Rule 5635(a) and any change-of-control considerations under 5635(b).

Turnout was high, with 49,834,743 shares present, about 70% of outstanding shares as of the March 16, 2026 record date. The share issuance proposal drew 49,222,202 votes in favor versus 605,041 against, indicating broad backing among voting shareholders.

The adjournment proposal was effectively a contingency and proved unnecessary, as sufficient proxies were available to approve the main item. The companies now target consummation of the mergers in the fiscal quarter ending July 31, 2026, subject to customary closing conditions described in the transaction documents and related disclosures.

8-K Event Classification

2 items: 5.07, 9.01

2 items

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Shares outstanding record date: 70,846,364 shares Shares represented at meeting: 49,834,743 shares Votes for share issuance: 49,222,202 votes +3 more

6 metrics

Shares outstanding record date 70,846,364 shares Mission Produce common stock as of March 16, 2026 record date

Shares represented at meeting 49,834,743 shares Approximately 70% of outstanding shares present or by proxy at Special Meeting

Votes for share issuance 49,222,202 votes Support for Share Issuance Proposal at Special Meeting

Votes against share issuance 605,041 votes Opposition to Share Issuance Proposal at Special Meeting

Votes for adjournment 49,075,279 votes Support for Adjournment Proposal, though adjournment not needed

Expected merger closing window Fiscal quarter ending July 31, 2026 Target period to consummate mergers, subject to conditions

Key Terms

Special Meeting, Proxy Statement, Merger Agreement, Nasdaq Listing Rule 5635(a), +1 more

5 terms

Special Meeting financial

"At a special meeting (the “Special Meeting”) of stockholders held on April 28, 2026"

A special meeting is a shareholder gathering called outside the regular annual meeting to decide on urgent or specific corporate matters, such as mergers, major asset sales, changes to the board, or shareholder proposals. It matters to investors because decisions made there can quickly alter a company’s strategy, ownership or value—like a sudden boardroom decision that changes the game—so shareholders may need to vote, adjust holdings, or reassess risk based on the outcome.

Proxy Statement regulatory

"The proposals are described in detail in Mission Produce’s definitive proxy statement/prospectus filed"

A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.

Merger Agreement regulatory

"contemplated by the Agreement and Plan of Merger, dated as of January 14, 2026"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

Nasdaq Listing Rule 5635(a) regulatory

"for purposes of complying with Nasdaq Listing Rule 5635(a) and, in the event such issuance constitutes a change of control"

forward-looking statements regulatory

"contains statements regarding Mission Produce, Calavo, the proposed transactions, and other matters that are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Understanding 8-K Material Events →

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UNITED 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

April 28, 2026

Date of Report (date of earliest event reported)

MISSION PRODUCE, INC.

(Exact name of Registrant as specified in its charter)

Delaware		001-39561		95-3847744
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)
2710 Camino Del Sol, Oxnard, CA				93030
(Address of principal executive offices)				(Zip code)

(805) 981-3650

(Registrant’s telephone number, including area code)

Not Applicable

(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 (see General Instruction A.2. below):

☒ 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, par value $0.001 per share Series A Junior Participating Preferred Stock, par value $0.001 per share		AVO		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 5.07. Submission of Matters to a Vote of Security Holders.

At a special meeting (the “Special Meeting”) of stockholders held on April 28, 2026, the stockholders of Mission Produce, Inc. (“Mission Produce”) voted on the proposals set forth below. The proposals are described in detail in Mission Produce’s definitive proxy statement/prospectus filed with the Securities and Exchange Commission on March 20, 2026 (the “Proxy Statement”). As of the close of business on March 16, 2026, the record date of the Special Meeting, there were 70,846,364 shares of common stock of Mission Produce, par value $0.001 per share (“Mission Produce Common Stock”), issued and outstanding, each of which was entitled to one vote on each proposal at the Special Meeting. At the Special Meeting, a total of 49,834,743 shares of Mission Produce Common Stock, representing approximately 70% of the outstanding shares of Mission Produce Common Stock entitled to vote, were present via the Special Meeting website or represented by proxy, constituting a quorum to conduct business.

The voting results regarding each proposal submitted to a vote at the Special Meeting, as determined by Mission Produce’s Inspector of Election, are set forth below. Subject to satisfaction of customary closing conditions, the parties expect to consummate the Mergers (as defined below) in the fiscal quarter ending July 31, 2026.

Proposal No. 1: Approval of the issuance of shares of Mission Produce Common Stock in the mergers (the “Mergers”) contemplated by the Agreement and Plan of Merger, dated as of January 14, 2026, by and among Mission Produce, Calavo Growers, Inc., a California corporation (“Calavo”), Cantaloupe Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of Mission Produce, and Cantaloupe Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Mission Produce (as that agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Merger Agreement”), for purposes of complying with Nasdaq Listing Rule 5635(a) and, in the event such issuance constitutes a change of control, Nasdaq Listing Rule 5635(b) (the “Share Issuance Proposal”).

The Share Issuance Proposal was approved by the requisite vote of Mission Produce’s stockholders.

Votes For		Votes Against		Abstentions
49,222,202		605,041		7,500

Proposal No. 2: Approval of the adjournment of the Special Meeting to solicit additional proxies if there are not sufficient votes at the time of the Special Meeting to approve the Share Issuance Proposal (the “Adjournment Proposal”).

Adjournment of the Special Meeting was deemed not necessary because there was a quorum present and there were sufficient proxies at the time of the Special Meeting to approve the Share Issuance Proposal.

Votes For		Votes Against		Abstentions
49,075,279		751,406		8,058

Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K contains statements regarding Mission Produce, Calavo, the proposed transactions, and other matters that are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. In some cases, forward-looking statements can be identified by words such as “anticipate,” “approximate,” “believe,” “plan,” “estimate,” “expect,” “project,” “could,” “should,” “strategy,” “will,” “intend,” “may” and other similar expressions or the negative of such words or expressions. Statements in this Current Report on Form 8-K or related exhibits concerning Mission Produce’s proposed transaction with Calavo and the closing date of the proposed transaction, together with other statements that are not historical facts, are forward-looking statements that are estimates reflecting management’s best judgment based upon currently available information. Such forward-looking statements are inherently uncertain, and stockholders and other potential investors must recognize that actual results may differ materially from expectations as a result of a variety of factors, including, without limitation, those discussed below. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties and other factors, many of which Mission Produce and Calavo are unable to predict or control, that may cause actual results, performance or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated in these statements as a result of a number of factors, including, but not limited to:

• the risk that the transaction described herein will not be completed or will not provide the expected benefits, or that we will not be able to achieve the cost or revenue synergies anticipated;

• the risk that a condition to closing of the transaction may not be satisfied on a timely basis or at all;

• the possible occurrence of an event, change or other circumstance that would give rise to the termination of the transaction agreement;

• the risk of shareholder litigation in connection with the proposed transaction, including resulting expense or delay in closing of the transaction;

• the failure of the proposed transaction to close for any other reason;

• unexpected costs, liabilities, charges or expenses resulting from the transaction; and

• other risks inherent in Mission Produce’s and Calavo’s businesses.

Other unknown or unpredictable factors also could have a material adverse effect on Mission Produce’s business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Except as required by applicable law or regulation, neither Mission Produce nor Calavo undertakes (and each of Mission Produce and Calavo expressly disclaim) any obligation and do not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

				Mission Produce, Inc.
April 29, 2026
				By:		/s/ John Pawlowski
				Name:		John Pawlowski
				Title:		President and Chief Executive Officer

FAQ

What did Mission Produce (AVO) stockholders approve at the Special Meeting?

Mission Produce stockholders approved issuing shares of common stock for the planned mergers with Calavo Growers under the January 14, 2026 Merger Agreement, satisfying Nasdaq Listing Rule 5635(a) and any change-of-control requirements under Listing Rule 5635(b). This vote authorizes equity needed to close the deal.

How many Mission Produce shares were eligible to vote and formed a quorum?

As of March 16, 2026, 70,846,364 shares of Mission Produce common stock were issued and outstanding, each entitled to one vote. At the Special Meeting, 49,834,743 shares, representing about 70% of those outstanding and entitled to vote, were present or represented by proxy, constituting a quorum.

What were the vote results for Mission Produce’s share issuance proposal for the Calavo merger?

The share issuance proposal received 49,222,202 votes for, 605,041 votes against, and 7,500 abstentions. This outcome meant the proposal was approved by the requisite vote of Mission Produce stockholders, clearing the key shareholder authorization required to issue new shares in the mergers with Calavo Growers.

Why did Mission Produce include an adjournment proposal at the Special Meeting?

The adjournment proposal would have allowed Mission Produce to adjourn the Special Meeting to solicit additional proxies if votes were insufficient to approve the share issuance. It ultimately was not needed because a quorum was present and enough proxies supported the share issuance proposal at the scheduled meeting time.

When do Mission Produce and Calavo expect to complete their mergers?

Mission Produce and Calavo expect to consummate the mergers in the fiscal quarter ending July 31, 2026, subject to satisfaction of customary closing conditions. This timing guidance reflects their current expectations and is accompanied by the usual forward-looking statement cautions about potential risks and uncertainties.

Which Nasdaq rules are relevant to Mission Produce’s approved share issuance?

The approved share issuance for the mergers is intended to comply with Nasdaq Listing Rule 5635(a), and, if the issuance constitutes a change of control, Nasdaq Listing Rule 5635(b). These rules govern when stockholder approval is required for significant equity issuances and potential changes in control structures.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB