secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2022-09-06T23:59:59+00:00
Accession:  0000950170-22-018087
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alico appoints Perry Del Vecchio as CFO effective Sept 6, 2022
--------------------------------------------------------------

- Perry Del Vecchio named CFO; reports to CEO John Kiernan.
- Base salary of $240,000; eligible for annual bonus of 40% of base salary.
- Sign-on bonus of $25,000 and equity grant of 747 restricted shares vesting Jan 1, 2024.
- Severance: 25% of base salary if terminated without cause before Sept 30, 2023; 50% thereafter.
- Del Vecchio previously VP/Controller at Lexyl Travel Technologies; 22 years at Hertz.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000095017022018087/0000950170-22-018087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000095017022018087/alco-20220906.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-018087

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