Alico, Inc. Files 8-K on Director Changes and Compensation
Ticker: ALCO · Form: 8-K · Filed: Dec 23, 2024 · CIK: 3545
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
TL;DR
Alico Inc. 8-K: Board shuffle and exec pay changes filed 12/23.
AI Summary
On December 23, 2024, Alico, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers, though specific names and dollar amounts are not detailed in this initial filing.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and compensation matters, not indicating immediate financial distress or significant operational changes.
Key Players & Entities
- ALICO, INC. (company) — Registrant
- December 23, 2024 (date) — Date of Report
FAQ
What specific changes were made to Alico, Inc.'s board of directors?
The 8-K filing indicates the election of new directors, but the specific names and details of these elections are not provided in the initial summary.
Were there any changes to the compensation of Alico, Inc.'s officers?
Yes, the filing states there were updates to the compensatory arrangements of certain officers.
What is the SIC code for Alico, Inc.?
The Standard Industrial Classification code for Alico, Inc. is [0100] AGRICULTURE PRODUCTION - CROPS.
When is Alico, Inc.'s fiscal year end?
Alico, Inc.'s fiscal year ends on September 30.
What is the business address of Alico, Inc.?
The business address for Alico, Inc. is 10070 DANIELS INTERSTATE COURT STE. 100, FT. MYERS, FL 33913.
Filing Stats: 963 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2024-12-23 16:02:30
Key Financial Figures
- $525,000 — e eligible for an annual base salary of $525,000 and (iii) provided that Mr. Kiernan may
- $100,000 — o earn an annual discretionary bonus of $100,000 as well as a transaction bonus upon a C
- $35 — y shares (the "trailing price") exceeds $35 per share, 12,500 of which will be earn
- $40 — be earned if the trailing price exceeds $40 per share and 20,500 of which will be e
- $45 — be earned if the trailing price exceeds $45 per share, in each case prior to Septem
Filing Documents
- alco-20241223.htm (8-K) — 27KB
- 0000003545-24-000138.txt ( ) — 152KB
- alco-20241223.xsd (EX-101.SCH) — 2KB
- alco-20241223_lab.xml (EX-101.LAB) — 22KB
- alco-20241223_pre.xml (EX-101.PRE) — 13KB
- alco-20241223_htm.xml (XML) — 3KB
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. Date: December 23, 2024 ALICO, INC. By: /s/ Bradley Heine Bradley Heine Chief Financial Officer