secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0000003545-25-000097
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354525000097/0000003545-25-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354525000097/alco-20250714.htm
  HTML page:      https://secwatch.observer/filing/0000003545-25-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer