{"url_path":"/sec/lmnr/10-q/2026/item-3","section_key":"item-3","section_title":"Item 3 Defaults Upon Senior Securities","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-09","source_url":"https://www.sec.gov/Archives/edgar/data/1342423/0001342423-26-000023-index.html","accession_number":"0001342423-26-000023","cik":"0001342423","ticker":"LMNR","issuer_name":"Limoneira CO","edgar_url":"https://www.sec.gov/Archives/edgar/data/1342423/0001342423-26-000023-index.html","primary_entity_key":"0001342423","primary_entity_name":"Limoneira CO"},"word_count":179,"has_tables":true,"body_markdown":"Item 3. Defaults Upon Senior Securities\n\nOn March 23, 2026, the Board paused regular cash dividends on the Company’s outstanding common stock, as well as dividends on the Company’s $8.75 Voting Preferred Stock, $100.00 Par Value, Series B (“Series B Stock”) and 4% Voting Preferred Stock, $100.00 Par Value, Series B-2 (“Series B-2 Preferred Stock”) to support strategic capital investments, including transitioning a portion of our agricultural lands to higher-value avocado production and developing new housing. The Board will monitor the incremental increases in cash flow to the Company attributable to these strategic capital investments and expects to resume dividends aligned with historical practice as soon as the Board deems it prudent to do so.\n\nAs of the date of this filing, (i) 14,790 shares of Series B Stock and 9,300 shares of Series B-2 Preferred Stock were issued and outstanding; (ii) the dividend arrearages on Series B Stock were $2.19 per share, representing an aggregate allocation of $32,000; and (iii) the dividend arrearages on Series B-2 Preferred Stock were $10.00 per share, representing an aggregate allocation of $93,000."}