Cadiz Inc. Announces Board Changes and Officer Appointments
Ticker: CDZIP · Form: 8-K · Filed: Sep 19, 2024 · CIK: 727273
| Field | Detail |
|---|---|
| Company | Cadiz INC (CDZIP) |
| Form Type | 8-K |
| Filed Date | Sep 19, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $57 billion, $100 million, $275,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, officer-appointment
Related Tickers: CDZI
TL;DR
Cadiz Inc. shaking up the C-suite and board - new directors in, one out. Expect strategic shifts.
AI Summary
Cadiz Inc. announced on September 19, 2024, a series of significant corporate actions. These include the departure of Director Scott W. W. Smith, the election of new Directors, and the appointment of new officers. The company also disclosed compensatory arrangements for its officers and provided a Regulation FD disclosure, alongside financial statements and exhibits.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Cadiz Inc. (company) — Filing company
- Scott W. W. Smith (person) — Departing Director
- 0001213900-24-080038 (filing_id) — Accession number for the filing
- 20240916 (date) — Period of report
- 20240919 (date) — Filing date
FAQ
Who has departed from the Board of Directors?
Director Scott W. W. Smith has departed from the Board of Directors.
What other corporate actions were announced?
The company announced the election of new Directors and the appointment of certain officers, along with details on compensatory arrangements.
What type of disclosures were made in this filing?
The filing includes a Regulation FD disclosure, financial statements, and exhibits.
When was the period of the report for this 8-K filing?
The conformed period of report was September 16, 2024.
What is Cadiz Inc.'s Standard Industrial Classification code?
Cadiz Inc.'s Standard Industrial Classification code is 4941, which corresponds to Water Supply.
Filing Stats: 1,435 words · 6 min read · ~5 pages · Grade level 11 · Accepted 2024-09-19 08:35:50
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share CDZI The NASDAQ Global Ma
- $57 billion — e nexus of a critical workforce and the $57 billion agricultural industry. In this role, Ms
- $100 million — the national organization overseeing a $100 million budget with 35 health centers in 42 cou
- $275,000 — s. Rivera will receive a base salary of $275,000. Additionally, she will be eligible for
Filing Documents
- ea0215051-8k_cadiz.htm (8-K) — 39KB
- ea021505101ex10-1_cadiz.htm (EX-10.1) — 64KB
- ea021505101ex99-1_cadiz.htm (EX-99.1) — 14KB
- ex99-1_001.jpg (GRAPHIC) — 5KB
- 0001213900-24-080038.txt ( ) — 365KB
- cdzi-20240916.xsd (EX-101.SCH) — 4KB
- cdzi-20240916_def.xml (EX-101.DEF) — 26KB
- cdzi-20240916_lab.xml (EX-101.LAB) — 36KB
- cdzi-20240916_pre.xml (EX-101.PRE) — 25KB
- ea0215051-8k_cadiz_htm.xml (XML) — 6KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On September 19, 2024, the Company issued a press release regarding the appointment of Ms. Rivera. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K. The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as expressly set forth in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 Employment Agreement between Cadiz Inc. and Cathryn Rivera dated as of September 16, 2024. 99.1 Press Release dated September 19, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES 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. Cadiz Inc. By: /s/ Susan Kennedy Susan Kennedy Chief Executive Officer Date: September 19, 2024 3