UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 14, 2021, the Board of Directors of Mission Produce, Inc. (the “Company”) appointed Shaunte Mears-Watkins to the Board of Directors as an independent Class II director with a term expiring at the Company’s 2022 Annual Meeting of Stockholders, effective immediately. In connection with this appointment, the Board of Directors also increased the size of the Board of Directors from eight to nine directors.
Ms. Mears-Watkins has served as the Chief Commercial Officer of Clif Bar & Company, a leading maker of energy and nutrition foods, since June 2021. Previously, Ms. Mears-Watkins held increasingly senior roles in marketing, sales, and strategy at The Clorox Company (NYSE: CLX), a global manufacturer and marketer of household goods, food, pet care, and commercial cleaning products, from 2005 to 2008 and again from 2009 to 2021. From 2008 to 2009, Ms. Mears-Watkins was a Global Category Manager at Bare Escentuals Beauty, Inc. (NASDAQ: BARE), a retail cosmetics and personal care company. Ms. Mears-Watkins has served as a director for the Alameda County Community Food Bank since November 2021.
Ms. Mears-Watkins received a Bachelor of Arts degree from Stanford University and a Master of Business Administration degree from Harvard Business School.
Ms. Mears-Watkins will receive compensation for her service on the Board of Directors consistent with the Company’s Non-Employee Director Compensation Program filed as Exhibit 10.4 to the Company’s Form S-1 filed on September 4, 2020. The Company also expects to enter into its standard indemnification agreement for directors with Ms. Mears-Watkins, the form of which was filed as Exhibit 10.7 to the Company’s Form S-1 filed on September 4, 2020.
Ms. Mears-Watkins was not selected as a director pursuant to any arrangements or understandings with the Company or with any other person, and there are no related party transactions between the Company and Ms. Mears-Watkins that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the press release announcing the appointment of Ms. Mears-Watkins to the Board of Directors is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. |
Description | |
| Exhibit 99.1 | Press release dated December 15, 2021 | |
| Exhibit 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: December 15, 2021 |
/s/ Stephen J. Barnard | |||||
| Stephen J. Barnard | ||||||
| President and Chief Executive Officer | ||||||