Limoneira CO 8-K

What Happened
Limoneira Company (LMNR) filed an 8-K (Item 5.02) disclosing that it entered into a consulting agreement with Mark Palamountain on February 12, 2026. Mr. Palamountain will provide strategic, financial and transactional advisory services beginning February 16, 2026 for a three-month term.

Key Details

• Consulting term: three months, beginning February 16, 2026.
• Fee: $18,750 per month, payable in arrears (first payment commences March 1, 2026).
• Additional compensation: eligible for up to $200,000 in discretionary, goal-based compensation as determined by the Board.
• Termination: either party may terminate the agreement with 30 days’ written notice.

Why It Matters
This filing informs investors that Limoneira has engaged an outside advisor for short-term strategic and transactional work, which may relate to finance, deals or corporate planning. The direct cash cost is modest (about $56,250 in base fees over three months) but the board-controlled incentive of up to $200,000 could increase total payout if specified goals are met. Investors should note the limited term and discretionary nature of the larger payment; the company attached the full agreement as an exhibit for details.