secwatch.observer — SEC 8-K summary
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Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001437749-23-010318
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774923010318/0001437749-23-010318-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774923010318/mlp20230413_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010318

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