COFFEE HOLDING CO INC (JVA) SEC Filings

Coffee Holding Co., Inc. (JVA) is calling a virtual 2026 annual stockholder meeting on October 28, 2026 to elect one director, ratify CBIZ CPAs P.C. as auditor for the fiscal year ending October 31, 2026, and hold an advisory vote on executive compensation.

One Class III director, David Gordon, is nominated for a three-year term expiring at the 2029 meeting. Shares outstanding were 5,708,599 as of September 1, 2026, each share carrying one vote; a one‑third quorum is required. The Board has a majority of independent directors and fully independent audit, compensation, and nominating committees.

For fiscal 2025, CEO Andrew Gordon earned total compensation of $431,691, including a salary increase during the year, and Executive Vice President David Gordon earned $326,056. Both hold long‑dated stock options granted under the 2013 Equity Compensation Plan; no new options may be granted under that plan. The Board recommends voting FOR the director nominee, FOR auditor ratification, and FOR the say‑on‑pay resolution.

COFFEE HOLDING CO., INC. (JVA) reported sharply improved profitability for the quarter and nine months ended July 31, 2026, despite lower quarterly sales. Quarterly net sales were $21.7 million, down 9.3% year over year, but net income swung to $1.99 million (basic and diluted EPS $0.35) from a loss of $1.21 million, driven by a higher gross margin and favorable hedging and tariff items.

For the nine months, net sales rose slightly to $69.4 million, while net income increased to $3.90 million (EPS $0.68) from $0.59 million. Operating cash flow turned strongly positive at $7.80 million, enabling a reduction of the line of credit balance from $6.05 million to $2.15 million at July 31, 2026, and full repayment shortly thereafter. Working capital improved to $25.5 million, and stockholders’ equity rose to $31.0 million. Management, however, disclosed ongoing material weaknesses in internal control over financial reporting related to system access controls and year-end vendor accruals, with remediation efforts underway.

COFFEE HOLDING CO INC (JVA) reported third quarter results for the period ended July 31, 2026, showing sharply improved profitability despite lower sales. Net sales for the quarter were $21.7 million, down 9.3% from $23.9 million a year earlier, mainly due to lower green coffee prices and related price reductions to wholesale customers.

Gross profit rose to $5.4 million, with margin expanding to 25.0% from 9.4% as the company benefited from favorable inventory acquired earlier in the year, tariff refunds, and net trading gains. Quarterly net income was $2.0 million (earnings of $0.35 per share) versus a loss of $1.2 million (loss of $0.21 per share) in the prior-year quarter. For the nine months, net income increased to $3.9 million from $0.6 million, and operating cash flow improved to $7.8 million from negative $5.4 million, while line-of-credit borrowings declined from $6.1 million to $2.2 million.

COFFEE HOLDING CO., INC. (JVA) reported that the compensation committee approved Amendment No. 2 to the Amended and Restated Employment Agreement with President and CEO Andrew Gordon. The amendment restores his base salary to $450,000 per annum effective February 1, 2026, reversing a prior reduction to $80,000 per annum. Mr. Gordon will receive a make-whole payment for the difference in base salary he would have earned since February 1, 2026 at the restored rate. Amendment No. 2 also eliminates the $1.6 million incentive bonus opportunity that had been provided under Amendment No. 1, which required continued employment through January 1, 2030.

COFFEE HOLDING CO INC (JVA) filed an amended report to correct a prior disclosure about President and CEO Andrew Gordon’s compensation. The company clarifies that his base salary was reduced from $450,000 to $80,000 per year, not from $325,000 as previously stated. Under an amendment to his Amended and Restated Employment Agreement approved on February 26, 2026, Gordon is also granted a right to receive an $1.6 million incentive bonus if he remains employed through January 1, 2030, with payment to be made by March 16, 2030, and he must provide a general release to receive severance benefits.

Coffee Holding Co., Inc. reported higher year-to-date results while facing softer second‑quarter sales and ongoing control weaknesses. For the six months ended April 30, 2026, net sales rose to $47.7 million from $44.6 million, and net income increased to $1.9 million from $1.8 million, or $0.33 per share versus $0.31.

Second‑quarter net sales declined to $22.1 million and net income fell to $262,489 as rapidly falling green coffee prices pressured revenue and margins. Operating cash flow strengthened sharply to $6.6 million, allowing the company to reduce its line of credit balance to $2.65 million and maintain working capital of $23.2 million.

The company continues to use coffee futures and options in limited fashion, generating a modest year‑to‑date hedging gain. Management still reports material weaknesses in internal control over financial reporting, mainly around system access and year‑end accruals, and has a remediation plan underway.

Coffee Holding Co., Inc. reported lower profitability for the quarter ended April 30, 2026 as coffee commodity prices fell sharply. Net sales were $22.1 million, down 5.1% from $23.3 million a year earlier, mainly because green coffee prices dropped and the company reduced prices and ran heavier promotions.

Gross profit slipped to $3.5 million, with margin easing to 15.8% from 16.0% as product and packaging costs rose. Operating expenses increased to $3.1 million, driven by higher selling and administrative costs. Quarterly net income declined to $262,489 or $0.05 per share, compared with $644,055 or $0.11 per share.

For the first six months of fiscal 2026, net sales rose to $47.7 million from $44.6 million and net income improved to $1.9 million from $1.8 million. Cash from operating activities was $6.6 million, helped by lower receivables and inventories, and the company reduced its bank line of credit balance to $2.65 million. Management noted recent new business wins and expects to maintain profitability for the rest of 2026 despite coffee price volatility.

Coffee Holding Co., Inc. reported a strong start to fiscal 2026, with first quarter revenue rising 20% to $25.566 million, up from $21.305 million a year earlier. Net income improved to $0.29 per share, compared with $0.20 per share in the prior-year quarter.

Management attributed the higher profitability to having most tariff fees and related expenses behind the company and to efficiencies from operating a single East Coast manufacturing facility instead of two. The company noted that sales remain solid across private label, branded products, and green coffee beans, while acknowledging ongoing coffee market volatility and broader macroeconomic challenges.

Coffee Holding Co., Inc. reported stronger results for the quarter ended January 31, 2026. Net sales rose to $25,565,840 from $21,305,285, driven by higher sales to existing and new customers and a full quarter of Second Empire revenue, partially offset by the closure of Comfort Foods.

Gross profit increased to $7,029,017, keeping margin at 27%. Net income grew to $1,648,320, or $0.29 per share, compared with $1,153,256 and $0.20 per share a year earlier. Operating cash flow improved sharply to $6,608,764, helping reduce the line-of-credit balance to $2,650,000 and lift cash to $2,746,491 as of January 31, 2026.

The company declared a cash dividend of $0.08 per share, approximately one-third of quarterly net income, and invested $850,000 in The Ryl Company LLC. Total assets were $41,153,601 and stockholders’ equity $28,761,513. Management again identified material weaknesses in internal control over financial reporting but is implementing remediation steps.