Mission Produce (AVO) Proxy Filing summary

Executive summary

• The 2026 Annual Meeting will be held virtually on April 9, 2026, with shareholders voting on director elections, executive compensation, and auditor ratification.

• Record revenue of $1.39 billion was achieved in fiscal 2025, a 13% increase over the prior year, with adjusted net income up 6% to $56.2 million.

• Leadership transitions include the CEO moving to Executive Chairman and the President/COO becoming CEO after the meeting.

• The Board has undergone significant refreshment, with 56% of directors appointed in the last six years and a median tenure of six years.

Voting matters and shareholder proposals

• Shareholders will vote to elect three Class III directors for three-year terms, approve executive compensation on an advisory basis, and ratify Deloitte & Touche LLP as the independent auditor for fiscal 2026.

• The Board recommends voting FOR all proposals.

Board of directors and corporate governance

• The Board will reduce to nine members post-meeting, with a majority being independent.

• Leadership structure separates Chairman and CEO roles; a lead independent director will be appointed.

• Board committees (Audit, Compensation, Nominating & Governance) are fully independent and meet best practice standards.

• Annual board and committee evaluations, director orientation, and robust stock ownership guidelines are in place.