Key Summary: On October 6, 2023, Peter J. Nolan (5.6% stake) stated the company's stock was undervalued and discussed various aspects with management and other stakeholders. On December 15, 2023, Limoneira and Nolan entered a Cooperation Agreement, and Nolan will join the Board from January 1, 2024, until the 2026 Annual Meeting.Market Cap: $352 million | Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally.
On October 6, 2023, Peter J. Nolan (5.6%) stated his belief that the company's Common Stock was undervalued and engaged in general discussions with the management and board of directors, other stockholders of the company, and other interested parties regarding governance, board composition, business, operations, cost structure, management, assets, capitalization, financial condition, strategic plans, and the future of the company. Source
On December 15, 2023, Limoneira and Peter J. Nolan entered into a Cooperation Agreement and pursuant to it, Mr. Nolan will join the Board from January 1, 2024, until the 2026 Annual Meeting of Stockholders.
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