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LMNR > SEC Filings for LMNR > Form 8-K on 15-Oct-2013All Recent SEC Filings

Show all filings for LIMONEIRA CO



Entry into a Material Definitive Agreement, Other Events, Financial Statements and E

Item 1.01 Entry into a Material Definitive Agreement

The information included under Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 8.01 Other Events

On September 27, 2013, Limoneira Company, a Delaware Corporation (the "Company"), entered into a Purchase and Sale Agreement and Joint Escrow Instructions (the "Purchase Agreement") with Sun World International, LLC, a Delaware limited liability company ("Sun World"). Pursuant to the Purchase Agreement, on October 11, 2013, the Company acquired from Sun World approximately 760 acres of land located in Tulare County, California, certain items of personal property associated with the land and certain rights to receive water supply to the land (collectively, the "Property"). The Company paid for the acquisition in a total combined amount of $8,750,000, which consists of the purchase price of $8,500,000 and the reimbursement to Sun World of certain cultural costs incurred for lemon crop in a total amount of $250,000.

The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

On October 14, 2013, the Company issued a press release announcing the consummation of the acquisition of the Property, a copy of which is filed herewith as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1 Purchase and Sale Agreement and Joint Escrow Instructions, dated as of September 27, 2013, by and between Sun World International, LLC and Limoneira Company

99.1 Limoneira press release dated October 14, 2013

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