<html><head><title>lndc20180426_8k.htm</title><!-- Created by RDG HTML Converter v1.1.0.0 5/1/2018 1:03:34 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no"/></head><body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-left: 10px; margin-right: 10px;"><p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:right;"><b>&nbsp;</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>UNITED STATES</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>Washington, D.C. 20549</b></p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>FORM 8-K</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>&nbsp;</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>CURRENT REPORT</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>Pursuant to Section 13 or 15(d) of the</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>Securities Exchange Act of 1934</b></p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">Date of Report (Date of earliest event reported):&nbsp;April 26, 2018</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>LANDEC CORPORATION</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">(Exact name of registrant as specified in its charter)</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>Delaware</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">(State or other jurisdiction of incorporation)</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>(650) 306-1650</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">(Registrant&#146;s telephone number, including area code)</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>Not Applicable</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">(Former name or former address, if changed since last report)</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">Emerging growth company &nbsp; &#9744;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">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 standards provided pursuant to Section 13(a) of the Exchange Act. &nbsp; &#9744;</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">1</p>
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<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt"><div id="PGNUM" style="text-align: center; width: 100%"></div><hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000" /><div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div></div><p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;text-indent:36pt;">On April 26, 2018, Apio, Inc. (&ldquo;Apio&rdquo;), a subsidiary of Landec Corporation, entered into a Purchase Agreement (the &ldquo;Agreement&rdquo;) with the limited partners (the &ldquo;Partners&rdquo;) of Apio Cooling, a California limited partnership (the &ldquo;Partnership&rdquo;), of which Apio is the general partner and owner of 60% of the outstanding partnership interests, pursuant to which Apio purchased the remaining partnership interests of the Partnership (the &ldquo;Subject Interests&rdquo;) for a purchase price of $3.2 million. The closing of the transactions contemplated by the Agreement occurred on April 27, 2018. The purchase was an all-cash transaction that resulted in Apio owning all the Subject Interests. </p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;text-indent:36pt;">Concurrent with the purchase of the Subject Interests, Apio paid in full the minority interest liability of $1.5 million owed to the Partners as of the closing. </p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;text-indent:36pt;">The Agreement is filed as Exhibit 2.1 to this report and is incorporated herein by reference. This summary description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement. </p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;"><b>Item 9.01. Financial Statements and Exhibits</b>.</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit.</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">The following exhibits are furnished as part of this report:</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>SIGNATURE</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">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.</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">Date:&nbsp;May 1, 2018</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp; &nbsp; &nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0" style="width:100%;text-indent:0;font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;">
 <tr>
  <td style="vertical-align:top;width:49.6%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td colspan="2" style="vertical-align:top;width:38.2%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:3.6pt;margin-top:0pt;text-align:left;"><b>LANDEC CORPORATION</b></p>


  </td><td style="vertical-align:top;width:12.2%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td>

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  <td style="vertical-align:top;width:49.6%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:3.3%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:34.9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:12.2%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td>

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  <td style="vertical-align:top;width:49.6%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:3.3%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


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  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:12.2%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td>

 </tr><tr>
  <td style="vertical-align:top;width:49.6%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:3.3%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">By:</p>


  </td><td style="vertical-align:top;border-bottom:solid 1px #000000;;width:34.9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">/s/&nbsp;Gregory S. Skinner &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>


  </td><td style="vertical-align:top;width:12.2%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td>

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  <td style="vertical-align:top;width:49.6%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:3.3%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:34.9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">Gregory S. Skinner</p>


  </td><td style="vertical-align:top;width:12.2%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td>

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  <td style="vertical-align:top;width:49.6%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:3.3%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:34.9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">Vice President of Finance and</p>


  </td><td style="vertical-align:top;width:12.2%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


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  <td style="vertical-align:top;width:49.6%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:3.3%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:34.9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">Administration and Chief Financial Officer</p>


  </td><td style="vertical-align:top;width:12.2%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


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<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">2</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp; &nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">&nbsp;</p>
<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt"><div id="PGNUM" style="text-align: center; width: 100%"></div><hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000" /><div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div></div><p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;"><b>EXHIBIT INDEX</b></p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0" style="width:100%;text-indent:0;font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;">
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  <td style="vertical-align:top;border-bottom:solid 1px #000000;;width:9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:center;">Exhibit</p>

  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:center;">No.</p>


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  </td><td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:88.1%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">Description</p>


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  <td style="vertical-align:top;width:9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:2.9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:88.1%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td>

 </tr><tr>
  <td style="vertical-align:top;width:9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:center;">2.1</p>


  </td><td style="vertical-align:top;width:2.9%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">&nbsp;</p>


  </td><td style="vertical-align:top;width:88.1%;">
  <p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.6pt;margin-top:0pt;text-align:left;">Agreement dated as of April 26, 2018, by and between Apio, Inc., Michael R. Mills, San Ysidro Farms, Inc., B&D Farms, Mahoney Brothers, and RCM Farms, LLC.</p>


  </td>

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</table>

<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:center;">3</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
<p style="font-family:&#39;Times New Roman&#39;, Times, serif;font-size:10pt;margin:0pt 7.5pt;text-align:left;">&nbsp;</p>
</body></html>
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lndc20180426_8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 26, 2018
LANDEC CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-27446
94-3025618
(Commission file number)
(IRS Employer Identification No.)
5201 Great America Parkway, Suite 232, Santa Clara, California
95054
(Address of principal executive offices)
(Zip Code)
(650) 306-1650
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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 standards provided pursuant to Section 13(a) of the Exchange Act.   ☐
1
Item 1.
0
1
Entry into
a Material Definitive Agreement
On April 26, 2018, Apio, Inc. ("Apio"), a subsidiary of Landec Corporation, entered into a Purchase Agreement (the "Agreement") with the limited partners (the "Partners") of Apio Cooling, a California limited partnership (the "Partnership"), of which Apio is the general partner and owner of 60% of the outstanding partnership interests, pursuant to which Apio purchased the remaining partnership interests of the Partnership (the "Subject Interests") for a purchase price of $3.2 million. The closing of the transactions contemplated by the Agreement occurred on April 27, 2018. The purchase was an all-cash transaction that resulted in Apio owning all the Subject Interests.
Concurrent with the purchase of the Subject Interests, Apio paid in full the minority interest liability of $1.5 million owed to the Partners as of the closing.
The Agreement is filed as Exhibit 2.1 to this report and is incorporated herein by reference. This summary description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement.
Item 9.01. Financial Statements and Exhibits
.
(d)     Exhibit.
The following exhibits are furnished as part of this report:
Exhibit
No.
Description
2.1
Purchase Agreement dated as of April 26, 2018, by and between Apio, Inc., Michael R. Mills, San Ysidro Farms, Inc., B&D Farms, Mahoney Brothers, and RCM Farms, LLC.
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.
Date: May 1, 2018
LANDEC CORPORATION
By:
/s/ Gregory S. Skinner
Gregory S. Skinner
Vice President of Finance and
Administration and Chief Financial Officer
2
EXHIBIT INDEX
Exhibit
No.
Description
2.1
Agreement dated as of April 26, 2018, by and between Apio, Inc., Michael R. Mills, San Ysidro Farms, Inc., B&D Farms, Mahoney Brothers, and RCM Farms, LLC.
3