ALICO, INC. (ALCO): restructuring charge — Alico to cut up to 172 jobs, wind down citrus division due to greening disease

ALICO, INC.

Up to 172 employees to be laid off (135 on Jan 6, 37 on Apr 1); estimated severance charges of $1.5-2.0M in Q2/Q3 2025.
Board determined certain citrus acreage is not economically viable; seeks Tropicana consent to remove it from Orange Purchase Agreement after 2024/2025 crop year.
Company to wind down Alico Citrus division, shift focus to diversified land usage and real estate development due to citrus greening disease.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

ALICO, INC. announced a restructuring with charges of approximately $1.5 to $2.0 million affecting Alico Citrus division (up to 172 employees).

Type: restructuring
Charge: approximately $1.5 to $2.0 million
Affected area: Alico Citrus division
Headcount: up to 172 employees

Exact text from the filing

financial challenges from citrus greening disease and environmental factors for many seasons. The Company currently estimates that it will incur charges of approximately $1.5 to $2.0 million in connection with the Workforce Reduction, primarily consisting of severance payments, employee benefits and related costs. The Company expects that the majority

View on SEC.gov

13 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

ALICO, INC. filing history →

Source: SEC EDGAR

accession 0000003545-25-000014

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.