---
schema_version: "secwatch.filing_event.v1"
accession: "0000003545-26-000036"
form_type: "8-K"
ticker: "ALCO"
cik: "0000003545"
company_name: "ALICO, INC."
filed_at: "2026-07-17T21:00:15+00:00"
generated_at: "2026-07-17T21:02:18.405953+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Alico enters amended employment agreement with CEO John Kiernan through 2030; grants PSUs up to 160,000 shares

## Summary
- CEO John Kiernan's employment term extended to September 30, 2030; base salary starts at $550k, increases to $650k over five years.
- Enhanced severance: 200% of base salary payable over 24 months upon termination without cause or for good reason after change in control.
- New bonus structure: annual discretionary bonus up to $250k plus real estate incentive bonuses (at least 75% cash, up to 25% in PSUs).
- Granted up to 160,000 performance-based RSUs with 60-day VWAP targets from $40 to $110 per share; vesting over five years from Oct 1, 2025.
- Change in control provisions: PSUs deemed earned based on per-share value; unvested earned PSUs accelerate on certain terminations.

## SEC filing metadata
- accession: 0000003545-26-000036
- form_type: 8-K
- ticker: ALCO
- cik: 0000003545
- company_name: ALICO, INC.
- filed_at: 2026-07-17T21:00:15+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3545/000000354526000036/0000003545-26-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3545/000000354526000036/alco-20260714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003545-26-000036
- JSON: https://secwatch.observer/filing/0000003545-26-000036.json
- Plain text: https://secwatch.observer/filing/0000003545-26-000036.txt

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