secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0000950170-23-043012
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alico appoints Bradley Heine as CFO, replacing Perry Del Vecchio effective Aug 16, 2023
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- Perry Del Vecchio resigned as CFO effective Aug 16, 2023; will remain employee through Sep 1, 2023.
- Bradley Heine, age 52, CPA, appointed CFO; previously SVP Corporate Controller at Wejo Group and VP Accounting at IAC.
- Heine receives $275k base salary, 40% target bonus, 12-month noncompete under employment agreement.
- Del Vecchio gets $60k lump sum and vesting of 747 restricted shares upon termination, subject to release.
- Heine will report to CEO John Kiernan and oversee finance, treasury, and accounting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000095017023043012/0000950170-23-043012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000095017023043012/alco-20230816.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-043012

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