secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2026-07-17T21:00:15+00:00
Accession:  0000003545-26-000036
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354526000036/0000003545-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354526000036/alco-20260714.htm
  HTML page:      https://secwatch.observer/filing/0000003545-26-000036

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