---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-012856"
form_type: "8-K"
ticker: "MLP"
cik: "0000063330"
company_name: "MAUI LAND & PINEAPPLE CO INC"
filed_at: "2022-05-18T23:59:59+00:00"
generated_at: "2026-06-25T10:33:44.579421+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MLP amends two property sale agreements; Kapalua Central price stays $40M, Omaopio price reduced to $9.6M

## Summary
- Amendment No. 3 for Kapalua Central: purchase price remains $40M; closing conditioned on obtaining 5-year extension of construction completion deadline by April 10, 2023.
- Initial deposit $300K restructured to allow $290K spent on extension costs; $1.5M additional deposit replaced with $2M fund for extension-related costs.
- For Omaopio property: purchase price reduced from $9.7M to $9.6M; closing anticipated on or around May 20, 2022.
- Hoa Pono waived diligence; $2M deposit became non-refundable; if fails to close, deposit awarded to MLP.
- Automatic cancellation of Kapalua Central if extension not granted; Fakhrey may terminate if extension imposes new conditions.

## SEC filing metadata
- accession: 0001437749-22-012856
- form_type: 8-K
- ticker: MLP
- cik: 0000063330
- company_name: MAUI LAND & PINEAPPLE CO INC
- filed_at: 2022-05-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63330/000143774922012856/0001437749-22-012856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63330/000143774922012856/mlp20220517_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-012856
- JSON: https://secwatch.observer/filing/0001437749-22-012856.json
- Plain text: https://secwatch.observer/filing/0001437749-22-012856.txt

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