---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-010318"
form_type: "8-K"
ticker: "MLP"
cik: "0000063330"
company_name: "MAUI LAND & PINEAPPLE CO INC"
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T02:14:32.074289+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Maui Land & Pineapple terminates Central Resort property sale to Fakhrey LLC

## Summary
- Allowed Purchase & Sale Agreement with Fakhrey LLC to terminate on April 11, 2023.
- Sale of ~45.67 acres in Kapalua Central Resort conditioned on permit extension by April 10, 2023; extension not obtained.
- Non-refundable $300,000 deposit; up to $290,000 used for extension costs; balance retained by MLP.
- New CEO Race Randle and Chair Scot Sellers leading holistic review of Central Resort and adjacent parcels.
- Application for permit extension remains active and will be managed by MLP.

## SEC filing metadata
- accession: 0001437749-23-010318
- form_type: 8-K
- ticker: MLP
- cik: 0000063330
- company_name: MAUI LAND & PINEAPPLE CO INC
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63330/000143774923010318/0001437749-23-010318-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63330/000143774923010318/mlp20230413_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-010318
- JSON: https://secwatch.observer/filing/0001437749-23-010318.json
- Plain text: https://secwatch.observer/filing/0001437749-23-010318.txt

## Key facts
- Material Agreements
  MAUI LAND & PINEAPPLE CO INC terminated Central Resort Purchase Agreement with Fakhrey LLC valued at $300,000 deposit (effective 2023-04-11).
  - Action: termination
  - Agreement: asset purchase
  - Counterparty: Fakhrey LLC
  - Value: $300,000 deposit
  - Effective: 2023-04-11
  source text: DEFINITIVE AGREEMENT As reported in the Forms 8-K filed on January 4, 2022, March 31, 2022 and May 18, 2022, Maui Land & Pineapple Company, Inc., a Delaware corporation (“MLP” or “Company”), entered into a Purchase and Sale Agreement and Escrow Instructions (“Central Resort Purchase Agreement”) with Fakhrey LLC, a Wyoming based limited liability company (“Fakhry”), pursuant to which MLP agreed to sell approximately 45.67 acres of property located in the Kapalua Resort, commonly known as the Kapalua Central Resort project (the “Central Resort Property”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/63330/000143774923010318/0001437749-23-010318-index.htm

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