ALICO, INC. DEF 14A Filing
Ticker: ALCO · Form: DEF 14A · Filed: Jan 12, 2024 · CIK: 3545
Complexity: moderate
Sentiment: neutral
Topics: ALCO, DEF 14A, Executive Compensation, Equity Awards, Proxy Statement
TL;DR
<b>ALICO, INC. files DEF 14A detailing executive compensation and equity awards for the 2023 fiscal year.</b>
AI Summary
ALICO, INC. (ALCO) filed a Proxy Statement (DEF 14A) with the SEC on January 12, 2024. Filing type is DEF 14A for ALICO, INC. (ALCO). Fiscal year end is September 30. Reporting period covers October 1, 2022, to September 30, 2023. Includes data for equity awards for PEO and Non-PEO members. Details equity award adjustments and reported values for multiple fiscal years.
Why It Matters
For investors and stakeholders tracking ALICO, INC., this filing contains several important signals. This filing provides crucial information on executive compensation, including equity awards, which can influence investor decisions and proxy advisor recommendations. Understanding the details of equity awards, such as reported values and adjustments, is important for assessing management's alignment with shareholder interests.
Risk Assessment
Risk Level: low — ALICO, INC. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosure information without immediate financial performance indicators or significant strategic shifts.
Analyst Insight
Review the executive compensation details and equity award structures to understand management incentives and potential future dilution.
Key Numbers
- 2024-01-12 — Filing Date (Date the DEF 14A was filed.)
- 2023-09-30 — Fiscal Year End (The end date of the fiscal year reported.)
Key Players & Entities
- ALICO, INC. (company) — Filer name
- ALCO (company) — Ticker symbol
Forward-Looking Statements
- ALICO, INC. will continue to use equity awards as a significant component of executive compensation in future fiscal years. (ALICO, INC.) — high confidence, target: 2025-09-30
FAQ
When did ALICO, INC. file this DEF 14A?
ALICO, INC. filed this Proxy Statement (DEF 14A) with the SEC on January 12, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by ALICO, INC. (ALCO).
Where can I read the original DEF 14A filing from ALICO, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ALICO, INC..
What are the key takeaways from ALICO, INC.'s DEF 14A?
ALICO, INC. filed this DEF 14A on January 12, 2024. Key takeaways: Filing type is DEF 14A for ALICO, INC. (ALCO).. Fiscal year end is September 30.. Reporting period covers October 1, 2022, to September 30, 2023..
Is ALICO, INC. a risky investment based on this filing?
Based on this DEF 14A, ALICO, INC. presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosure information without immediate financial performance indicators or significant strategic shifts.
What should investors do after reading ALICO, INC.'s DEF 14A?
Review the executive compensation details and equity award structures to understand management incentives and potential future dilution. The overall sentiment from this filing is neutral.
How does ALICO, INC. compare to its industry peers?
ALICO, INC. operates in the agriculture production - crops sector.
Are there regulatory concerns for ALICO, INC.?
This is a DEF 14A filing, a proxy statement required by the SEC for companies soliciting proxies from shareholders.
Industry Context
ALICO, INC. operates in the agriculture production - crops sector.
Regulatory Implications
This is a DEF 14A filing, a proxy statement required by the SEC for companies soliciting proxies from shareholders.
What Investors Should Do
- Analyze the reported value and adjustments of equity awards for PEO and Non-PEO members.
- Examine the breakdown of equity awards granted, vested, and outstanding across different fiscal years.
- Review any disclosed executive compensation policies or changes mentioned in the filing.
Year-Over-Year Comparison
This filing is a DEF 14A, which is a routine disclosure and does not represent a change from previous filings of the same type.
Filing Stats: 4,909 words · 20 min read · ~16 pages · Grade level 11.4 · Accepted 2024-01-12 16:06:27
Key Financial Figures
- $1.00 — f record of shares of our common stock, $1.00 par value per share, as of the close of
Filing Documents
- alco-20240112.htm (DEF 14A) — 814KB
- alco-20240112_g1.jpg (GRAPHIC) — 16KB
- alco-20240112_g2.jpg (GRAPHIC) — 5KB
- alco-20240112_g3.jpg (GRAPHIC) — 47KB
- alco-20240112_g4.jpg (GRAPHIC) — 38KB
- alco-20240112_g5.jpg (GRAPHIC) — 41KB
- alco-20240112_g6.jpg (GRAPHIC) — 408KB
- alco-20240112_g7.jpg (GRAPHIC) — 449KB
- 0000003545-24-000019.txt ( ) — 3994KB
- alco-20240112.xsd (EX-101.SCH) — 6KB
- alco-20240112_def.xml (EX-101.DEF) — 6KB
- alco-20240112_lab.xml (EX-101.LAB) — 12KB
- alco-20240112_pre.xml (EX-101.PRE) — 7KB
- alco-20240112_htm.xml (XML) — 238KB
Executive Compensation
Executive Compensation 37 Grants of Plan-Based Awards in Fiscal Year 2023 39 Outstanding Equity Awards at Fiscal Year End 2023 43 Option Exercises and Stock Vested in Fiscal Year 2023 44 Nonqualified Deferred Compensation 44
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 54 Certain Relationships and Related Party Transactions 57 Other Matters 58 Alico's Annual Report on Form 10-K 60 ALICO, INC. 10070 Daniels Interstate Court Suite 200 Fort Myers, FL 33913 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON FRIDAY, FEBRUARY 23, 2024 The Annual Meeting of Shareholders (the "Annual Meeting") of Alico, Inc. (the "Company" or "Alico" or referred to as "we", "us" or "our") will be held at 9:30 a.m. Eastern time on Friday, February 23, 2024. The Annual Meeting will be a completely virtual meeting, which will be conducted via live webcast. You will be able to attend the Annual Meeting online and submit your questions during the meeting by visiting www.virtualshareholdermeeting.com/ALCO2024 and entering your 16-digit control number included in your Notice of Internet Availability of Proxy Materials, on your proxy card or on the instructions that accompanied your proxy materials. The Annual Meeting will be held for the following purposes: 1. To elect George R. Brokaw, Katherine R. English, Benjamin D. Fishman, John E. Kiernan, W. Andrew Krusen, Jr., Toby K. Purse, Adam H. Putnam and Henry R. Slack as directors to serve on our Board of Directors until the 2025 Annual Meeting of Shareholders or until their respective successors have been duly elected and qualified; 2. To ratify the appointment of Grant Thornton LLP as the Company's Independent Registered Public Accounting Firm for the fiscal year ending September 30, 2024; 3. To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers; and 4. To transact any other business as may properly come before the Annual Meeting or any continuation, postponement, or adjournments thereof. Our Board of Directors has fixed the close of business on December 29, 2023, as the record date for determination of the shareholders entitled to notice of, and to vote at, the Annual