---
schema_version: "secwatch.filing_event.v1"
accession: "0000003545-24-000068"
form_type: "8-K"
ticker: "ALCO"
cik: "0000003545"
company_name: "ALICO, INC."
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:57:39.662716+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Alico grants severance benefits to execs Sampel and Heine

## Summary
- James Sampel gets 1-year base salary plus health benefits if terminated without cause or for good reason after change in control.
- Bradley Heine's employment agreement amended to add same severance: 1-year base salary and 12-month health benefits.
- Both severance packages require release of claims and compliance with restrictive covenants including 12-month noncompete.
- Heine Amendment does not alter other terms of his August 2023 employment agreement.

## SEC filing metadata
- accession: 0000003545-24-000068
- form_type: 8-K
- ticker: ALCO
- cik: 0000003545
- company_name: ALICO, INC.
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3545/000000354524000068/0000003545-24-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3545/000000354524000068/alco-20240528.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003545-24-000068
- JSON: https://secwatch.observer/filing/0000003545-24-000068.json
- Plain text: https://secwatch.observer/filing/0000003545-24-000068.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.