Alico, INC 8-K filings

Alico, Inc. announced third quarter financial results, highlighting progress in its strategic transformation, including a new agricultural lease agreement and advancement of its Corkscrew Grove East Village development, while raising fiscal year 2026 guidance.

Alico, Inc. has amended and restated the employment agreement for its President and CEO, John Kiernan, extending his tenure and detailing a new compensation package including base salary increases, bonus structures, and performance-based restricted stock units.

Alico, Inc. has entered into a lease agreement with U.S. Sugar for 3,280 acres in Florida, including a potential $29.5 million land sale option.

Alico, Inc. announced its Board of Directors has declared a cash dividend of $0.05 per share for the third quarter of fiscal year 2026.

Alico, Inc. announced its second quarter financial results for the period ending March 31, 2026, reporting net income of $11.4 million and significant progress in its land development initiatives.

Alico, Inc. announced its Board of Directors declared a second quarter fiscal year 2026 cash dividend of $0.05 per share.

Alico, Inc. shareholders approved the election of six directors and ratified Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2026, at its 2026 Annual Meeting.

Alico, Inc. reports significantly reduced net loss and positive EBITDA in Q1 2026, driven by successful land sales and strategic transformation away from citrus operations.

Alico, Inc. announced its Board of Directors declared a first quarter fiscal year 2026 cash dividend of $0.05 per share.

Alico, Inc. adopted its Third Amended and Restated Bylaws, revising the Board of Directors' size to a range of five to eleven members.

Alico, Inc. announced its fiscal year 2025 financial results, marking a strategic transformation from a traditional citrus producer to a diversified land company, exceeding Adjusted EBITDA and land sales guidance.

Alico, Inc. has committed over $5 million to fund a wildlife-crossing culvert and road elevation project under State Road 82, integral to its Corkscrew Villages development.

Alico, Inc. successfully refinanced $10 million in outstanding debt, terminating its Prudential Credit Agreement and incurring new indebtedness under an amended MetLife Credit Agreement with an extended maturity date.

Alico, Inc. announced its Board of Directors declared a $0.05 per share cash dividend for the fourth quarter of fiscal year 2025.

Alico, Inc. announced its Q3 2025 financial results, marking the completion of its final major citrus harvest as it transitions to a diversified land company.

Alico, Inc. reported the resignation of its Alico Citrus President and a significant amendment to the employment agreement of its Executive Vice President of Real Estate, Mitch Hutchcraft, extending his term and introducing performance-based compensation tied to major real estate project milestones.

Alico, Inc. announced its Board of Directors has declared a cash dividend of $0.05 per share for the third quarter of fiscal year 2025, payable in July 2025.

Alico, Inc. announced the mutual termination of its Orange Purchase Agreement with Tropicana Manufacturing Company, Inc., effective immediately, with remaining obligations to be settled by July 15, 2025.

Alico, Inc. is executing a strategic transformation to become a diversified land company, concluding the majority of its capital investment in citrus operations, and raising its land sales outlook for fiscal year 2025.

Alico, Inc.'s agreement to sell land for $183.7 million was terminated after the buyer failed to secure financing within the contingency period.

Alico, Inc. will wind down its Alico Citrus division due to financial challenges from citrus greening and environmental factors, shifting focus to land usage and real estate development.

Alico, Inc.'s Board of Directors has approved a stock repurchase program authorizing the company to repurchase up to $50 million of its common stock.

Alico Inc. has entered into a Seventh Amendment to its Credit Agreement, modifying reporting requirements, affirmative covenants, and restrictive covenants.

Alico, Inc. declares a $0.05 per share cash dividend for the second quarter of fiscal year 2025.

Alico, Inc. shareholders approved the amendment and restatement of the company's 2015 Stock Incentive Plan at the 2025 Annual Meeting, extending the plan's term through December 17, 2035.

Alico Inc. announces its Q1 2025 financial results, highlighting a 45% increase in Land Management and Other Operations revenue but a net loss due to the absence of land sales compared to the previous year.

Alico, Inc. is winding down its citrus production operations and reducing its workforce by up to 172 employees as part of a strategic shift towards diversified land usage and real estate development.

Alico, Inc. has extended CEO John Kiernan's employment contract through September 2027 and established new performance-based incentives.

Alico, Inc. has declared a cash dividend of $0.05 per share for the first quarter of fiscal year 2025.

Alico, Inc. announces its financial results for the fiscal year ended September 30, 2024, marked by significant land sales, increased citrus production, and an inventory impairment charge.