---
schema_version: "secwatch.filing_event.v1"
accession: "0000003545-24-000138"
form_type: "8-K"
ticker: "ALCO"
cik: "0000003545"
company_name: "ALICO, INC."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:55:18.684768+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Alico extends CEO Kiernan's term to Sept 2027 with $525k salary and performance-based PSUs tied to stock price targets

## Summary
- CEO John Kiernan's employment extended through September 30, 2027; annual base salary set at $525,000.
- Long-term return of capital bonus for prior period (Oct 2021-Sept 2024) to be paid in full on Jan 1, 2025, subject to continued employment.
- Eligibility for annual discretionary bonus of $100,000 and transaction bonus upon Change in Control before Sept 30, 2027.
- Up to 38,000 performance-based RSUs; vest at avg 30-day price targets of $35, $40, $45 per share before Sept 2027.
- Also eligible for a real estate commission bonus for fiscal year 2025 per specific performance metrics.

## SEC filing metadata
- accession: 0000003545-24-000138
- form_type: 8-K
- ticker: ALCO
- cik: 0000003545
- company_name: ALICO, INC.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3545/000000354524000138/0000003545-24-000138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3545/000000354524000138/alco-20241223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003545-24-000138
- JSON: https://secwatch.observer/filing/0000003545-24-000138.json
- Plain text: https://secwatch.observer/filing/0000003545-24-000138.txt

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