LMNR · Limoneira Company

Summary

Limoneira Company entered into a consulting agreement with Mark Palamountain on February 12, 2026, under which he will provide strategic, financial, and transactional advisory services for a three-month period beginning February 16, 2026, with a monthly fee of $18,750 and potential additional compensation of up to $200,000. This arrangement establishes a new independent contractor relationship for advisory services.

Key takeaways

• Mark Palamountain entered into a consulting agreement with Limoneira Company on February 12, 2026.
• The consulting services will be provided from February 16, 2026, for a three-month period.
• Palamountain will receive a monthly fee of $18,750 in arrears commencing March 1, 2026.
• He is eligible for up to $200,000 in additional compensation upon achievement of certain goals, as determined by the Board of Directors.
• Either party may terminate the agreement with thirty days written notice.
• The agreement establishes Palamountain as an independent contractor, not an employee, with specific confidentiality and intellectual property provisions.