UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Under the terms of the Separation Agreement, Mr. Wiesner will receive a cash severance payment totaling $375,000 which includes $354,462 as part of the incentive program for the incorporation of a new company under Peruvian law and $20,538 representing additional severance pay. All outstanding but unvested equity awards will remain subject to the terms of the applicable equity award agreements. The Separation Agreement also includes confidentiality, non-compete, non-solicit, non-disparagement, and waiver of claims provisions.
A copy of the Separation Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
10.1 | Separation Agreement, dated October 13, 2025 by and between Beggie Peru S.A.C, Mission Produce, Inc., and Juan A. Wiesner | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MISSION PRODUCE, INC. | ||||||
Date: October 15, 2025 |
/s/ Stephen J. Barnard | |||||
Stephen J. Barnard | ||||||
Chief Executive Officer |