Mission Produce : 2022 Proxy Statement

MISSION PRODUCE, INC.

2710 Camino Del Sol

Oxnard, California 93030

February 28, 2022

Dear fellow stockholders:

Our fiscal 2021 was another year filled with immense volatility and uncertainty. Despite continued COVID-19 challenges, cost pressures, and supply chain issues, I am proud of the work our teams did to press forward. Even amidst all the uncertainty, the complex operating environment, and every new and old challenge this year has brought us, we remained laser focused on our long-term strategic plan and stayed the course to deliver for our customers, our stockholders, and our stakeholders.

Throughout the year, we made significant progress executing on our long-term strategic priorities to diversify our supply sources, expand our marketing and distribution capabilities domestically and internationally, and continue our investments in vertical integration where and to the extent it makes sense for our business. In fiscal 2021, our team demonstrated remarkable resilience and dedication as we continued to transform our Company, make strategic investments to foster growth, and further strengthen our competitive position in the market.

We have found ways to thrive during unprecedented times, and we are ready to face the coming year. Our team is strong, our goals are ambitious, and together we will put in the hard work necessary to execute and succeed.

Against this backdrop, I would like to cordially invite you to attend the 2022 Annual Meeting of Stockholders of Mission Produce, Inc. to be held virtually via live webcast on April 13, 2022, at 1:30 p.m. (Pacific Time). You can attend and participate in the Annual Meeting online, vote your shares electronically, and submit your questions during the Annual Meeting by visiting www.virtualshareholdermeeting.com/AVO2022.

We have decided to hold the Annual Meeting virtually again this year due to the ongoing COVID-19 pandemic in order to protect the health and wellbeing of our stockholders and employees, and because hosting a virtual Annual Meeting (i) enables stockholders to attend and participate from any location around the world, (ii) provides for cost savings to the Company and our stockholders, and (iii) reduces the environmental impact of our Annual Meeting.

At the Annual Meeting you will be asked to (i) elect three Class II director nominees for three-year terms, (ii) approve, on an advisory basis, the frequency of future advisory votes on the compensation of our named executive officers, (iii) ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending October 31, 2022, and (iv) transact any other business that may properly come before the Annual Meeting or any adjournment or postponement thereof.

Your vote is important to us. Whether or not you plan to participate in the Annual Meeting, it is important that your shares be represented and voted. We encourage you to vote promptly and submit your proxy via the Internet, by telephone, or by completing and mailing a proxy card.

On behalf of our Board of Directors, we thank you for your continued support of the Company. We remain fully committed to executing on our strategic agenda and to delivering value to our customers, stakeholders, and to you, our stockholders. I hope you share in my excitement for Mission's next chapter.

Sincerely,

Stephen J. Barnard

President and Chief Executive Officer

NOTICE OF 2022 ANNUAL MEETING OF STOCKHOLDERS

February 28, 2022

Date and Time: The 2022 Annual Meeting of Stockholders (the ''2022 Annual Meeting'') of Mission Produce, Inc. will be held on Wednesday, April 13, 2022, at 1:30 p.m. Pacific Time.

Location and Attendance: In light of the ongoing COVID-19 pandemic and our successful 2021 virtual annual meeting of stockholders, our 2022 Annual Meeting will be held solely by remote communication via an online platform. You will be able to attend the 2022 Annual Meeting, vote, and submit questions during the meeting by visiting www.virtualshareholdermeeting.com/AVO2022 and using your control number which can be found on your Notice of Internet Availability of Proxy Materials, voting instruction form, or proxy card. Please read ''GENERAL INFORMATION'' in the accompanying proxy statement.

Record Date: February 18, 2022. Stockholders of record at the close of business on the record date are entitled to receive notice of, and vote at, the 2022 Annual Meeting and any continuation, postponement, or adjournment thereof.

Beginning on February 28, 2022, we sent a Notice Regarding the Availability of Proxy Materials, or the Proxy Statement and proxy card, as applicable, to all stockholders entitled to vote at the 2022 Annual Meeting.

Items of Business: At the 2022 Annual Meeting, you will be asked to:

1. Elect three directors to the Board of Directors for a three-year term. The nominees for election to the Board of Directors are Luis A. Gonzalez, Bruce C. Taylor, and Shaunte D. Mears-Watkins.
2. Approve, on an advisory basis, whether the advisory vote to approve the compensation of our named executive officers should be held every one, two, or three years.
3. Ratify the selection of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal year 2022.
4. Transact such other business as may properly come before the 2022 Annual Meeting or any continuation, postponement or adjournment thereof.

Voting: Regardless of whether you plan to attend the 2022 Annual Meeting, it is important that your shares be represented and voted. Please read the Notice of Annual Meeting of Stockholders and proxy statement with care and follow the voting instructions to ensure that your shares are represented. We encourage you to submit your proxy as soon as possible by Internet, telephone, or by signing, dating, and returning your proxy card or voter instruction form.

By order of the Board of Directors,

Joanne C. Wu

General Counsel and Secretary

Oxnard, California

February 28, 2022

TABLE OF CONTENTS
	Page
PROXY STATEMENT SUMMARY AND HIGHLIGHTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1
ITEM 1: ELECTION OF DIRECTORS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9
Board of Directors Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9
2022 Nominees to the Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	12
Continuing Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13

CORPORATE GOVERNANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Board of Directors Leadership Structure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 The Board's Role in Risk Oversight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Corporate Governance Guidelines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Codes of Ethics and Conduct . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Board Meetings and Attendance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Communications with the Board. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Board Committees and Charters. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Board and Committee Evaluations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Board Orientation and Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Director Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 2021 Director Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

EXECUTIVE COMPENSATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Executive Officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Compensation Discussion and Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Executive Compensation Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 No Executive Employment Arrangements; Offer Letters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Potential Payments Upon Termination or Change in Control. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Equity Plan Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Delinquent Section 16(a) Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Compensation Committee Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT . . . . . . . . . . . . . . . . . . . . . . . . 39

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Policies and Procedures for Review, Approval or Ratification of Related Party Transactions . . . . . . . . . . . . . . 40 Related Party Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

ITEM 2: ADVISORY VOTE ON THE FREQUENCY OF ADVISORY VOTES ON EXECUTIVE COMPENSATION. . . . . . . 42 Background of the Proposal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Say-on-Frequency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42

ITEM 3: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS . . . . . . . . . 43 Fees Billed by Deloitte for 2021 and 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Audit Committee Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

GENERAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Availability of Proxy Statement and Annual Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Virtual Annual Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Voting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Record Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Quorum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Voting Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Proxy Solicitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Year End Reporting Convention . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Stockholders Sharing the Same Address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Electronic Delivery of Future Proxy Materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 2023 Annual Meeting Proposals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Incorporation by Reference. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Forward-LookingStatements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Other Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

PROXY STATEMENT SUMMARY AND HIGHLIGHTS

This Proxy Statement is furnished in connection with the solicitation of proxies, on behalf of the Board of Directors of Mission Produce, Inc., a Delaware corporation (''we,'' ''our,'' the ''Company'' or ''Mission''), for use at our 2022 Annual Meeting of Stockholders (''2022 Annual Meeting'') to be held on Wednesday, April 13, 2022, at 1:30 p.m. Pacific Time, or at any adjournment or postponement thereof. At the 2022 Annual Meeting, you will be asked to consider and vote on the matters described in this Proxy Statement. The 2022 Annual Meeting will be held virtually on the Internet. You will be able to attend the 2022 Annual Meeting, vote, and submit questions during the meeting by visiting www.virtualshareholdermeeting.com/AVO2022. Only common stockholders of record at the close of business on February 18, 2022, which is the record date for the 2022 Annual Meeting, are permitted to vote at the 2022 Annual Meeting and any adjournment or postponement thereof.

This summary highlights information contained elsewhere in our Proxy Statement and does not contain all of the information that you should consider. We encourage you to read the entire Proxy Statement carefully before voting.

We intend to mail the Notice Regarding the Availability of Proxy Materials (''Notice''), or the Proxy Statement and proxy card, as applicable, on February 28, 2022, to all stockholders entitled to vote at the 2022 Annual Meeting.

2022 Annual Meeting

Meeting Date and Time	April 13, 2022, at 1:30 p.m. Pacific Time
Record Date	February 18, 2022
Location	Virtual live webcast. You will be able to attend the 2022 Annual Meeting, vote, and submit
	questions during the meeting by visiting www.virtualshareholdermeeting.com/AVO2022. Further
	information regarding attendance, including how to access the virtual meeting, is set forth in the
	''GENERAL INFORMATION'' section of the Proxy Statement

Voting Matters and Board Recommendations

Proposal #	Item	Board Recommendation	Page Reference
1	Election of Directors	FOR each nominee	9
2	Advisory Vote on the Frequency of Advisory Votes to	FOR ''one year''	42
	Approve Executive Compensation
3	Ratification of Appointment of Deloitte & Touche LLP as our
	Independent Registered Public Accounting Firm for fiscal	FOR	43
	year 2022

How to Vote

By Internet. You may submit a proxy over the Internet at www.proxyvote.com before 11:59 p.m. Eastern time on April 12, 2022. You will need to have your 16-digit control number included on your proxy card.

By Telephone. You may submit a proxy over the telephone by calling 1-800-690-6903. Use any touch-tone telephone to transmit your vote before 11:59 p.m. Eastern Time on April 12, 2022. You will need to have your 16-digit control number included on your proxy card.

By Mail. Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.

At the Meeting. To vote at the 2022 Annual Meeting, visit www.virtualshareholdermeeting.com/ AVO2022. You will need the control number that appears on your Notice, proxy card, or voting instruction form to log on and vote at the virtual 2022 Annual Meeting. Please note that if your shares are held of record by a broker, bank, trust, or other nominee, and you decide to attend and vote at the 2022 Annual Meeting, your vote in person will not be effective unless you provide a legal proxy, issued in your name from the record holder.

Important Notice Regarding Availability of Proxy Materials for the 2022 Annual Meeting to be held on April 13, 2022. This Proxy Statement and 2021 Annual Report are available at www.proxyvote.com. You are encouraged to read these materials before you vote.

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