Mission Produce, Inc. SEC Filings

Mission Produce, Inc. calls a fully virtual 2026 annual stockholder meeting on April 9, 2026, with a record date of February 10, 2026. Stockholders will vote on electing three Class III directors, an advisory say-on-pay resolution, and ratifying Deloitte & Touche LLP as auditor for fiscal 2026.

The filing highlights a leadership transition where founder and CEO Stephen J. Barnard will become Executive Chairman after the meeting, and President and COO John M. Pawlowski will assume the CEO role. Linda B. Segre will serve as lead independent director as the board moves to nine members, most appointed within the past six years.

Mission reports record fiscal 2025 revenue of $1.39 billion, up from $1.23 billion, Adjusted EBITDA of $110.76 million, and Adjusted Net Income of $56.2 million, or $0.79 per diluted share. Strong results drove annual cash incentive payouts above target and a 174% earnout on 2023–2025 PSUs tied to cumulative Adjusted Net Income per share. The proxy also details extensive governance, director compensation, and sustainability programs.

Mission Produce plans to acquire Calavo Growers in a cash-and-stock transaction valued at approximately $430 million. Calavo shareholders are expected to receive $27.00 per share, made up of $14.85 in cash plus 0.9790 shares of Mission Produce stock for each Calavo share. The offer represents roughly a 20% premium to Calavo’s share price prior to the announcement and about a 26% premium to the 30‑day volume-weighted average price. The combined business targets around $25 million or more of annual cost synergies and is described as more than 20% accretive to earnings in the first full fiscal year after closing, assuming the anticipated synergies. Mission expects a pro forma net leverage ratio of about 1.7x, including roughly $188 million of new acquisition debt, supported by strong combined cash flow to pay down debt.

Mission Produce plans to acquire Calavo Growers in a cash-and-stock transaction valued at approximately $430 million. Calavo shareholders are expected to receive $27.00 per share, made up of $14.85 in cash plus 0.9790 shares of Mission Produce stock for each Calavo share. The offer represents roughly a 20% premium to Calavo’s share price prior to the announcement and about a 26% premium to the 30‑day volume-weighted average price. The combined business targets around $25 million or more of annual cost synergies and is described as more than 20% accretive to earnings in the first full fiscal year after closing, assuming the anticipated synergies. Mission expects a pro forma net leverage ratio of about 1.7x, including roughly $188 million of new acquisition debt, supported by strong combined cash flow to pay down debt.

Mission Produce (AVO) insider filing amendment: Globalharvest Holdings Venture Ltd, a director and more than 10% owner, corrected a prior Form 4 to fix small clerical errors in reported share counts. On January 16, 2026, the entity acquired 324,302 shares of common stock at a weighted average price of $12.37, from multiple purchases between $11.89 and $12.54. On January 20, 2026, it acquired an additional 300,000 shares at a weighted average price of $12.50, from trades between $12.23 and $12.58. After these transactions, Globalharvest Holdings Venture Ltd beneficially owned 9,461,588 shares of Mission Produce common stock.

Mission Produce, Inc. large shareholder Globalharvest Holdings Venture Ltd, a more than 10% owner, reported open-market purchases of the company’s common stock. On January 21, 2026, the entity bought 237,270 shares at a weighted average price of $12.92 per share. On January 22, 2026, it bought an additional 71,750 shares at a weighted average price of $13.80 per share. After these transactions, Globalharvest directly held 9,770,608 common shares of Mission Produce.

Mission Produce, Inc. received an amended ownership filing showing that Globalharvest Holdings Venture Ltd now beneficially owns 9,770,608 shares of its common stock, representing 13.85% of the class. All of these shares are reported with sole voting and dispositive power.

The filing explains that Globalharvest initially bought 4,458,750 shares for money50,234,059.90, and later added blocks of 842,220, 1,021,178, 842,095, 1,673,043, and 933,322 shares for additional aggregate consideration from affiliates’ working capital. As context, Mission Produce had 70,569,517 shares outstanding as of December 1, 2025, as reported in its Form 10-K.

An AVO shareholder filed a notice under Rule 144 to sell 17,626 shares of common stock through J.P. Morgan Securities LLC on or about 01/22/2026, with the shares listed on NASDAQ. These shares were acquired on 01/07/2026 as compensation from the issuer.

The planned sale has an indicated aggregate market value of $231,253, and the filing states that 70,569,517 shares of the issuer’s common stock were outstanding. Over the prior three months, the same seller, Juan R. Wiesner, reported selling 1,000,000 shares of common stock on 12/19/2025 for $13,130,000 in gross proceeds.

Mission Produce, Inc. adopted a shareholder rights plan by entering into a Rights Agreement with Equiniti Trust Company, LLC. The company declared a dividend of one preferred stock purchase right for each share of common stock outstanding at the close of business on February 4, 2026. Each right becomes exercisable if any person or group acquires, or launches a qualifying offer to acquire, 15% or more of the common stock, and then allows the holder to buy one one-hundredth of a share of Series A Junior Participating Preferred Stock at a $63.00 purchase price.

The rights expire on January 21, 2027, unless earlier redeemed by the board for $0.01 per right or exchanged for common shares. If a person becomes an acquiring person, other stockholders’ rights would let them acquire common stock (or, in some cases, stock of an acquiring company) with a market value equal to two times the purchase price, causing substantial dilution to the acquiring holder. Mission Produce has reserved 1,000,000 shares of Series A Preferred for potential issuance and states the plan is designed to ensure all stockholders receive fair and equal treatment in any proposed takeover and to deter coercive or partial bids.

Mission Produce, Inc. (AVO) reported that large shareholder Globalharvest Holdings Venture Ltd, a 10% owner, purchased additional common stock in two open-market transactions. On January 16, 2026, Globalharvest bought 324,295 shares at a weighted average price of $12.37, bringing its direct holdings to 9,161,581 shares. On January 20, 2026, it purchased another 300,000 shares at a weighted average price of $12.50, increasing its direct ownership to 9,461,581 common shares. The prices reflect multiple trades within specified ranges, and the reporting holder has offered to provide detailed trade breakdowns upon request.

Globalharvest Holdings Venture Ltd, a 10% owner of Mission Produce, Inc. (AVO), reported multiple open-market purchases of common stock in January 2026. On January 9, 2026, it acquired 682 shares at $12.00, bringing its holdings to 7,851,582 shares. On January 15, 2026, it purchased 625,473 shares at a weighted average price of $12.07 and 360,231 shares at a weighted average price of $11.22, increasing its ownership to 8,837,286 common shares following the last reported transaction.

The filing notes that the January 15 prices are weighted averages for many trades, with actual purchase prices ranging from $11.40–$12.29 and $10.40–$11.39, and the reporting person offers to provide full trade detail upon request.