VFF Village Farms International
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31, 2021
VILLAGE FARMS INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
(State or Other Jurisdiction
Delta, British Columbia Canada
(Address of Principal Executive Offices)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Written communications 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)
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Name of Each Exchange
on Which Registered
Common Shares, without par value
The Nasdaq Stock Market LLC
Emerging growth company ☒
Item 8.01 Other Events.
Two executive officers have adopted trading plans pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Plans”). The Plans were entered into for a variety of reasons including long-term financial planning, retirement planning, and diversification purposes.
Under Rule 10b5-1, directors, officers, and other employees who may be exposed from time to time to material non-public information may adopt a pre-arranged plan or contract at a time when they are not in possession of material non-public information for the sale of company securities under specified conditions and at specified times. Using these 10b5-1 plans, individuals gradually can diversify their investment portfolios, spread stock trades out over an extended period of time to reduce market impact, and avoid concerns about transactions occurring at a time when they might possess material non-public information. A Rule 10b5-1 plan also may allow an insider to exercise, on specific future dates, a stock option that may be nearing expiration, and simultaneously sell some or all of the shares underlying the option to generate the cash needed to pay the exercise price of the option and related income tax obligations. The Plans cover a maximum of 1,500,000 common shares; however, some, none or all of those common shares ultimately may be sold depending on the terms of the individual Plans and the trading price of the Company’s common shares.
Transactions under the Plans will be reported to the Securities and Exchange Commission in accordance with applicable securities laws, rules, and regulations.
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: April 1, 2021
Village Farms International, Inc.
/s/ Stephen C. Ruffini
Stephen C. Ruffini
Executive Vice President and Chief Financial Officer