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Village Farms International, Inc.

For the period ended Jun 20, 2025. Filed May 12, 2025.

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About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Jun 20, 2025 · Filed May 12, 2025

VFF$2.88+3.2%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the Securities

Exchange Act of 1934 (Amendment No. )

Filed by the Registrant☒

Filed by a Party other than the Registrant☐

Check the appropriate box:

☐Preliminary Proxy Statement
☐Confidential, for Use of the Commission Only (as permitted by Rule 14a 6(e)(2))
☒Definitive Proxy Statement
☐Definitive Additional Materials
☐Soliciting Material Pursuant to §240.14a 12

(Name of Registrant as Specified in its Charter)

Not Applicable

(Name of Person(s) Filing Proxy Statement if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒No fee required
☐Fee paid previously with preliminary materials
☐Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

NOTICE AND PROXY STATEMENT

for the

Annual Meeting of Shareholders

to be held on June 20, 2025

May 12, 2025

Notice of 2025 Annual Meeting of Shareholders

NOTICE IS HEREBY GIVEN that the annual meeting (the “Meeting”) of shareholders of Village Farms International, Inc. (the “Company”) will be held virtually via live audio webcast online at https://meetnow.global/MYQ5GPQ on June 20, 2025 at 12:00 P.M. Eastern time.

What the Meeting is About

We will be seeking shareholder votes on the items of business at the Meeting:

to elect the directors to serve until the 2026 Annual Meeting of Shareholders or until their successors are elected or appointed;

to approve the compensation of the Company’s named executive officers on an advisory, non-binding basis; and

to appoint KPMG LLP as the independent registered public accounting firm to serve as the Company's independent auditor for the fiscal year ending December 31, 2025, and authorizing the directors to fix their remuneration.

In addition, at the Meeting, we will receive the consolidated financial statements of the Company for the fiscal year ended December 31, 2024, including the auditor's report therein; and we will transact such other business as may be properly brought before the Meeting or any adjournment or postponement thereof.

The proxy statement accompanying this notice of meeting provides additional information relating to the matters to be dealt with at the Meeting and forms part of this notice.

You are entitled to receive notice of and vote at the Meeting, or any adjournment, if you are a holder of common shares of the Company (the “Shares”) at the close of business on May 9, 2025 (the “Record Date”).

You have the right to vote your Shares on items 1 through 3 listed above and any other items that may properly come before the Meeting or any adjournment.

On or about May 22, 2025, we will mail to our Shareholders this Notice of 2025 Annual Meeting of Shareholders, the Proxy Statement, and a form of proxy.

The Meeting will be held virtually, via live audio webcast at https://meetnow.global/MCDNXCW, on June 20, 2025, at 12:00 p.m. Eastern time. To attend and participate, shareholders as of Record Date will need a 16-digit control number, included either on your proxy form or voting instruction form, as applicable Notice of Meeting.

If you are not able to be participate at the Meeting, please exercise your right to by signing and returning the form of proxy or voting instruction form in the return envelope to the Company's registrar and transfer agent, Computershare Investor Services Inc. (“Computershare”) at their offices located at 100 University Avenue, 9th Floor, Toronto, ON M5J 2Y1, by mail, or by fax at 1-800-517-4553, or by email at www.investorvote.com no later than 12:00 p.m. (Eastern time) on June 18, 2025 or, if the Meeting is adjourned, 48 hours (excluding Saturdays, Sundays and holidays) before any adjournment of the Meeting.

You are cordially invited to attend our virtual Meeting, but whether or not you expect to attend (via the Internet), you are urged to read our Proxy Statement and to vote and submit your proxy by following the voting procedures described in Notice of Meeting the voting instruction form or on the proxy card, as applicable.

BY ORDER OF THE BOARD OF DIRECTORS

John R. McLernon

Chairman

May 12, 2025

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JUNE 20, 2025.

Our Notice of 2025 Annual Meeting of Shareholders, Proxy Statement and Annual Report to Shareholders are available on the Company’s website atwww.villagefarms.com in the Investors section under Shareholder Materials.

TABLE OF CONTENTS

GENERAL INFORMATION ABOUT THE PROXY STATEMENT1
QUESTIONS ABOUT THE ANNUAL MEETING AND VOTING YOUR SHARES1
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS6
VOTING SECURITIES AND PRINCIPAL HOLDERS OF VOTING SECURITIES7
DELINQUENT SECTION 16(a) REPORTS8
RECEIPT OF FINANCIAL STATEMENTS9
ITEM NO. 1—ELECTION OF DIRECTORS9
Board Recommendation12
CORPORATE GOVERNANCE12
Board Mandate13
Composition and Independence of the Board13
Board Oversight of Risk13
Nomination of Directors14
Diversity15
Director Term Limits and Other Mechanisms of Board Renewal16
Orientation and Continuing Education16
Assessments16
Meeting Attendance16
Executive Sessions16
Code of Ethics and Whistleblower Policy17
Disclosure Policy17
Insider Trading Policy17
Conflicts of Interest and Related Party Transactions18
Shareholder Communications with the Board18
Board Committees18
ITEM NO. 2 — APPROVAL OF THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS ON AN ADVISORY, NON-BINDING BASIS20
Board Recommendation
ITEM NO. 3—APPOINTMENT OF AUDITORS20
Board Recommendation21
Audit, Audit-Related, Tax and Other Fees21
Pre-Approval Policies and Procedures21
Audit and Risk Committee Report21
EXECUTIVE COMPENSATION23
Summary Compensation Table24
Outstanding Equity Awards at Fiscal Year-End25
Pay versus Performance26
DIRECTOR COMPENSATION29
Overview29
Cash Compensation29
Director Compensation Table29
EQUITY COMPENSATION PLAN INFORMATION
INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON30
INTEREST OF RELATED PERSONS IN TRANSACTIONS30
2026 SHAREHOLDER PROPOSALS31
HOUSEHOLDING OF ANNUAL PROXY MATERIALS32
INDEBTEDNESS32
MANAGEMENT CONTRACTS32
ADDITIONAL INFORMATION32
DIRECTORS’ APPROVAL32
APPENDIX A: MANDATE OF THE BOARD OF DIRECTORSA-1
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.