secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0000003545-24-000138
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354524000138/0000003545-24-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354524000138/alco-20241223.htm
  HTML page:      https://secwatch.observer/filing/0000003545-24-000138

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