LMNR - Limoneira Company

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Limoneira Company

1141 Cummings Road
Santa Paula, CA 93060
United States
805-525-5541
http://www.limoneira.com

SectorConsumer Defensive
IndustryFarm Products
Full Time Employees284

Key Executives

NameTitlePayExercisedYear Born
Mr. Harold S. EdwardsPres, CEO & DirectorN/AN/A1966
Mr. Alex M. TeagueSr. VP & COON/AN/A1964
Mr. Mark PalamountainCFO, Treasurer & Corp. Sec.N/AN/AN/A
Mr. Donald P. DelmatoffDirector of Compliance & Special ProjectsN/AN/A1949
Mr. John ChamberlainDirector of MarketingN/AN/AN/A
Amounts are as of December 31, 2017 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers. It has approximately 4,800 acres of lemons. The Lemon Packing segment engages in lemon packing, and shipping and handling activities. This segment also processes, packs, and sells lemons grown by others. The Avocados segment grows avocados. This segment has approximately 900 acres of avocados. The Other Agribusiness segment grows oranges and specialty citrus; and other crops, including Moro blood oranges, Cara Cara oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, pistachios, and wine grapes. This segment has approximately 1,500 acres of oranges; and approximately 1,000 acres of specialty citrus and other crops. The Rental Operations segment owns and maintains approximately 245 residential housing units; and commercial properties, such as office buildings and a multi-use facility, as well as leases approximately 500 acres of its land to third-party agricultural tenants. It is also involved in organic recycling operations. The Real Estate Development segment develops parcels, multi-family housing, and single-family homes. The company has its agricultural plantings in Ventura, Tulare, San Bernardino, and San Luis Obispo counties in California; Yuma county in Arizona; and La Serena, Chile. Limoneira Company markets and sells its lemons directly to food service, wholesale, and retail customers; avocados to a packing and marketing company; oranges, specialty citrus, and other crops through Sunkist and other packinghouses; and wine grapes to wine producers. The company was founded in 1893 and is headquartered in Santa Paula, California.

Corporate Governance

Limoneira Company’s ISS Governance QualityScore as of November 1, 2018 is 5. The pillar scores are Audit: 2; Board: 6; Shareholder Rights: 5; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.