Alico, Inc. Files 2025 Proxy Statement
Ticker: ALCO · Form: DEF 14A · Filed: Jan 15, 2025 · CIK: 3545
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
Related Tickers: ALCO
TL;DR
ALCO proxy statement out, detailing exec pay and governance for FY24.
AI Summary
Alico, Inc. filed its DEF 14A on January 15, 2025, for the fiscal year ending September 30, 2024. The filing details executive compensation and other corporate governance matters. Key figures include compensation details for individuals like Kiernan, with specific retainer payments noted for the fiscal year 2023.
Why It Matters
This filing provides shareholders with crucial information regarding executive compensation and corporate governance, enabling informed voting decisions on company matters.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing detailing executive compensation and corporate governance, which typically carries low risk.
Key Numbers
- 2024-09-30 — Fiscal Year End (Reporting period for the DEF 14A filing.)
- 2025-01-15 — Filing Date (Date the DEF 14A was filed with the SEC.)
Key Players & Entities
- ALICO, INC. (company) — Filer
- Kiernan (person) — Executive Compensation
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important company matters, such as the election of directors and executive compensation.
What fiscal year does this filing cover?
This filing covers the fiscal year ending September 30, 2024.
When was this DEF 14A filing submitted to the SEC?
The filing was submitted on January 15, 2025.
What industry does Alico, Inc. operate in?
Alico, Inc. operates in the AGRICULTURE PRODUCTION - CROPS industry, with SIC code 0100.
Are there any specific executive compensation details mentioned for the fiscal year 2023?
Yes, the filing mentions 'CashRetainerPaymentMember' for 'KiernanMember' for the fiscal year 2022-10-01 to 2023-09-30, indicating specific compensation details.
Filing Stats: 4,831 words · 19 min read · ~16 pages · Grade level 12 · Accepted 2025-01-15 16:03:02
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-20250115.htm (DEF 14A) — 938KB
- alco-20250115_g1.jpg (GRAPHIC) — 16KB
- alco-20250115_g2.jpg (GRAPHIC) — 5KB
- alco-20250115_g3.jpg (GRAPHIC) — 144KB
- alco-20250115_g4.jpg (GRAPHIC) — 162KB
- alco-20250115_g5.jpg (GRAPHIC) — 104KB
- alco-20250115_g6.jpg (GRAPHIC) — 120KB
- 0000003545-25-000018.txt ( ) — 3119KB
- alco-20250115.xsd (EX-101.SCH) — 4KB
- alco-20250115_def.xml (EX-101.DEF) — 3KB
- alco-20250115_lab.xml (EX-101.LAB) — 6KB
- alco-20250115_pre.xml (EX-101.PRE) — 4KB
- alco-20250115_htm.xml (XML) — 243KB
Executive Compensation
Executive Compensation 48 Outstanding Equity Awards at Fiscal Year End 202 4 54
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 59 Delinquent Section 16( a ) Reports 61 Certain Relationships and Related Party Transactions 62 Other Matters 63 Alico's Annual Report on Form 10-K 65 Appendix A 66
Forward-Looking Statements
Forward-Looking Statements This proxy statement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the Company's strategic transformation, the Company's expected future profitable growth, the future of the Company's land holdings, expectations for the management of certain acres by third-party caretakers and any other statements relating to our future activities or other future events or conditions. These statements are based on our current expectations, estimates and projections about our business based, in part, on assumptions made by our management and can be identified by terms such as "if," "will," "should," "expects," "plans," "hopes," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including, but not limited to: our ability to successfully develop and execute our strategic growth initiatives and whether they adequately address the challenges or opportunities we face; water use regulations restricting our access to water; harm to our reputation; tax risks associated with a Section 1031 Exchange; risks associated with the undertaking of one or more significant corporate transactions; the result of any significant corporate transactions; any change or the classification or valuation methods employed by county property appraisers related to our real estate taxes; loss of key employees; m