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SUBSEQUENT EVENTS
3 Months Ended
Jan. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 15 – SUBSEQUENT EVENTS

 

On February 26, 2026, with approval of the Company’s board of directors, Coffee Holding Co., Inc. entered into an amendment to the Amended and Restated Employment Agreement, dated April 11, 2008, with Andrew Gordon, the Company’s President, Chief Executive Officer, Chief Financial Officer and Treasurer.

 

Pursuant to the amendment, Mr. Gordon agreed to reduce his base salary from $325,000 to $80,000 per year, was granted the right to receive a $1.6 million incentive bonus if he remains employed through January 1, 2030 (payable by March 16, 2030), and will be required to execute a general release to receive severance benefits.

 

On January 28th, 2026, the Company’s Board of Directors approved a cash dividend of $0.08 per share, representing one-third of net income. The dividend was paid on or about February 26, 2026, to shareholders of record as of February 10, 2026.