secwatch.observer — SEC 8-K summary
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Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001437749-23-007260
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Warren Haruki resigns; Race Randle appointed CEO, Scot Sellers as Chairman
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- Haruki resigns as CEO and board chair effective Mar 31, 2023; will serve as senior advisor.
- Randle named CEO effective Apr 1, 2023; receives $500k salary, $150k signing bonus, $100k relocation.
- Sellers appointed chair effective Apr 1, 2023; receives $250k annual (75% stock, 25% cash) + 400k share options.
- Randle led $15B Google partnership at Lendlease; Sellers former Archstone CEO, on Howard Hughes board.
- Haruki's separation includes 24-mo salary and vesting of 66,338 shares; no disagreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774923007260/0001437749-23-007260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774923007260/mlp20230318_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-007260

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