Maui Land & Pineapple Appoints New CFO
Ticker: MLP · Form: 8-K · Filed: Mar 8, 2024 · CIK: 63330
| Field | Detail |
|---|---|
| Company | Maui Land & Pineapple Co Inc (MLP) |
| Form Type | 8-K |
| Filed Date | Mar 8, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-appointment, compensation
TL;DR
Maui Land & Pineapple just hired a new CFO, Scott Miller, with a $250k salary + stock options.
AI Summary
Maui Land & Pineapple Co., Inc. announced on March 4, 2024, the appointment of Scott E. Miller as Chief Financial Officer, effective March 4, 2024. Miller will receive an annual base salary of $250,000 and is eligible for a discretionary annual bonus. He will also be granted 50,000 stock options, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $250,000 — CFO Annual Base Salary (Represents the guaranteed compensation for the new Chief Financial Officer.)
- 50,000 — Stock Options Granted (Incentive for the new CFO, vesting over three years.)
Key Players & Entities
- Maui Land & Pineapple Co., Inc. (company) — Registrant
- Scott E. Miller (person) — Appointed Chief Financial Officer
- $250,000 (dollar_amount) — Annual base salary for CFO
- 50,000 (dollar_amount) — Stock options granted to CFO
- March 4, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer?
Scott E. Miller has been appointed as the new Chief Financial Officer.
What is the effective date of Scott E. Miller's appointment?
The appointment is effective March 4, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Scott E. Miller is $250,000.
Are there any stock options being granted to the new CFO?
Yes, Scott E. Miller will be granted 50,000 stock options.
Over what period do the CFO's stock options vest?
The 50,000 stock options granted to Scott E. Miller will vest over three years.
Filing Stats: 469 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-03-08 16:05:16
Key Financial Figures
- $0.0001 — nge on which registered Common Stock , $0.0001 par value MLP New York Stock Exchan
Filing Documents
- mlp20240307_8k.htm (8-K) — 21KB
- 0001437749-24-007167.txt ( ) — 149KB
- mlp-20240304.xsd (EX-101.SCH) — 3KB
- mlp-20240304_def.xml (EX-101.DEF) — 11KB
- mlp-20240304_lab.xml (EX-101.LAB) — 15KB
- mlp-20240304_pre.xml (EX-101.PRE) — 11KB
- mlp20240307_8k_htm.xml (XML) — 3KB
From the Filing
mlp20240307_8k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 4, 2024 MAUI LAND & PINEAPPLE COMPANY, INC. (Exact name of registrant as specified in its charter) Delaware 001-06510 99-0107542 (State of Incorporation) (Commission File Number) (IRS Employer Identification Number) 200 Village Road , Lahaina , Maui , Hawaii 96761 (Address of principal executive offices) (Zip Code) ( 808 ) 877-3351 (Registrant's telephone number, including area code) N/A (Former Name or Former Address, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock , $0.0001 par value MLP New York Stock Exchange Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 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) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On March 4, 2024, Scott Kodama informed Maui Land and Pineapple Company, Inc. (the "Company") that he will be resigning from his position as Controller and Principal Accounting Officer effective as of March 7, 2024. Mr. Kodama will remain an employee of the Company in a limited capacity to assist with accounting and reporting matters The Company wishes to express its appreciation and gratitude to Mr. Kodama for his years of service to the Company. Until a Principal Accounting Officer is hired, Wade K. Kodama (no relation to Scott Kodama), Chief Financial Officer and Principal Financial Officer, will also serve as Principal Accounting Officer. Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MAUI LAND & PINEAPPLE COMPANY, INC. Date: March 8, 2024 By: /s/ WADE K. KODAMA Wade K. Kodama Chief Financial Officer