Alico Citrus President Danny Sutton resigns; EVP Hutchcraft gets extension and $1M PSU

ALICO, INC.

Danny Sutton resigns as President of Alico Citrus, effective August 1, 2025.
Mitch Hutchcraft's employment extended through Sep 30, 2030; base salary increased $25K to $360K from FY2026.
Hutchcraft eligible for annual discretionary cash bonus up to $40K and real estate incentive bonuses (at least 75% cash, up to 25% RSUs).
Hutchcraft gets $1M performance-based RSU award tied to completing East Corkscrew Grove Villages permits by Sep 30, 2035.

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