---
schema_version: "secwatch.filing_event.v1"
accession: "0000892626-23-000028"
form_type: "8-K"
ticker: "KANP"
cik: "0001230058"
company_name: "KAANAPALI LAND LLC"
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:07:16.896116+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kaanapali Land reports Lahaina wildfire destroyed offices/coffee mill; $14.5M pension reversion net of $2.9M tax

## Summary
- Wildfire destroyed company's offices, coffee store building, and severely damaged personal property; no employee injuries; coffee processing disrupted for current year crop.
- Received $1M insurance advance from carrier; no assurance of full coverage for structures, equipment, or lost revenue.
- CWRM designated all six aquifer systems as Ground Water Management Areas; company applied for permits; wildfire may delay approval.
- Development plans: 295-acre KCF Mauka (61 agricultural lots) awaiting final County approval; 241-acre Puukolii Village (940 units) fully entitled but wildfire may impact marketability.
- Pension plan terminated; $14.5M reverted to company on Sept 15, 2023; $2.9M excise tax due Oct 2023; net cash available for working capital and development.

## SEC filing metadata
- accession: 0000892626-23-000028
- form_type: 8-K
- ticker: KANP
- cik: 0001230058
- company_name: KAANAPALI LAND LLC
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230058/000089262623000028/0000892626-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230058/000089262623000028/kaana8k-20231004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000892626-23-000028
- JSON: https://secwatch.observer/filing/0000892626-23-000028.json
- Plain text: https://secwatch.observer/filing/0000892626-23-000028.txt

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