Short answer
Limoneira CO (LMNR) filed an 8-K current report with the SEC on April 20, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.06 (Material Impairments). Limoneira agreed to sell an 80% tenant-in-common interest in 724 Paso Robles acres, including grapevines and infrastructure.
- This filing includes Item 2.06, an item that often signal trouble.
Limoneira CO 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Limoneira agreed to sell an 80% tenant-in-common interest in 724 Paso Robles acres, including grapevines and infrastructure
- $16 million purchase price: $10 million cash and $6 million secured promissory note
- Buyer’s $500,000 deposit becomes non-refundable after July 1, 2026 due diligence period
- Transaction monetizes a substantial real estate interest while retaining 20% ownership, subject to buyer termination rights before July 1
Item 2.06 · Material Impairments
- Approximately $9.3 million impairment of property, plant and equipment expected in fiscal Q2 2026
- Impairment linked to transactions under the Purchase Agreement
- Non-cash charge likely reducing fiscal Q2 earnings and asset carrying values
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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