Willamette Valley Vineyards (NASDAQ: WVVI) appoints Christopher Riccardi and Greg Voorhies to board
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Willamette Valley Vineyards, Inc. reports that its Board of Directors appointed Christopher Riccardi and Greg Voorhies as directors effective July 11, 2026. They will serve in directors group III with terms expiring at the company’s 2028 annual meeting of shareholders.
Both directors will receive compensation under the existing WVV Board Member Compensation Plan, as described in the definitive proxy statement on Schedule 14A filed May 28, 2026. The company states there are no special arrangements leading to their appointments and no transactions requiring disclosure under Item 404(a) of Regulation S-K.
Positive
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Negative
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Director appointment effective date: July 11, 2026
Board term expiration: 2028 annual meeting
Proxy statement filing date: May 28, 2026
3 metrics
Director appointment effective date
July 11, 2026
Date Riccardi and Voorhies were appointed to the Board
Board term expiration
2028 annual meeting
End of group III director terms for the new appointees
Proxy statement filing date
May 28, 2026
Date of Schedule 14A describing the WVV Board Member Compensation Plan
Key Terms
Item 5.02, Regulation S-K, definitive proxy statement, Schedule 14A
4 terms
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors"
Regulation S-K regulatory
"transactions ... that would require disclosure under Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
definitive proxy statement regulatory
"as described in the section entitled “Director Compensation” in the Company’s definitive proxy statement"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
Schedule 14A regulatory
"proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission"
Schedule 14A is a document that companies file with regulators to share important information with shareholders before a big vote, like approving a merger or election of directors. It matters because it helps investors understand what’s happening so they can make informed decisions about the company’s future.
FAQ
What board changes did Willamette Valley Vineyards (WVVI) report on July 11, 2026?
Willamette Valley Vineyards reported that its Board appointed Christopher Riccardi and Greg Voorhies as directors effective July 11, 2026. They join directors group III and will serve until the company’s 2028 annual meeting of shareholders, subject to the usual governance processes.
How long will the new WVVI directors Christopher Riccardi and Greg Voorhies serve?
The newly appointed WVVI directors will serve as members of directors group III with terms expiring at the 2028 annual meeting of shareholders. Their continued service beyond that point would depend on shareholder elections at future annual meetings.
How will Willamette Valley Vineyards (WVVI) compensate its newly appointed directors?
The new WVVI directors will receive compensation under the existing WVV Board Member Compensation Plan. That plan is described in the company’s definitive proxy statement on Schedule 14A filed May 28, 2026, which outlines standard director pay and benefits.
Are there any special arrangements behind the appointments of WVVI directors Riccardi and Voorhies?
The company states there are no arrangements or understandings with any person under which Riccardi or Voorhies was appointed. This indicates their selection arose from the Board’s normal nomination and governance processes rather than from side agreements.