Mission Produce, Inc. 8-K

What Happened
Mission Produce, Inc. (AVO) announced that its stockholders approved the issuance of Mission Produce common stock in connection with the mergers contemplated by the Agreement and Plan of Merger with Calavo Growers, Inc. The special meeting was held April 28, 2026 (record date March 16, 2026); 49,834,743 shares (about 70% of outstanding) were present or represented by proxy. The Merger Agreement is dated January 14, 2026, and closing is expected in the fiscal quarter ending July 31, 2026 subject to customary closing conditions.

Key Details

• Outstanding shares (record date): 70,846,364 shares of common stock.
• Votes on Share Issuance Proposal: For 49,222,202; Against 605,041; Abstentions 7,500.
• Votes on Adjournment Proposal (deemed not necessary): For 49,075,279; Against 751,406; Abstentions 8,058.
• Approval was sought to comply with Nasdaq Listing Rule 5635(a) and, if applicable, Rule 5635(b) (change of control issuance).

Why It Matters
The shareholder approval clears a key regulatory and corporate governance step needed to issue Mission Produce shares in the Calavo transaction. If the merger closes as planned, it could change share ownership and affect investor dilution and corporate control; however, closing remains subject to conditions and risks (including potential delays, litigation, or failure to achieve expected synergies) noted by the company in its forward-looking statements. Investors should monitor subsequent filings for final closing confirmation and any financial impacts.