secwatch.observer — SEC 8-K summary
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Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001437749-26-002819
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Maui Land & Pineapple sells 30-acre parcel to CEO Race Randle for $1.2M
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- Sale to CEO of 30-acre unimproved land in Lahaina, Hawaii for $1.2M; price exceeds FMV per independent appraisal.
- $50k initial deposit, additional $50k after 90-day due diligence; deposit refundable if buyer backs out during diligence.
- Transaction includes value true-up at 5th year, long-term occupancy requirement, and shared appreciation on early sale.
- Board approved appraisal confirming purchase price above current fair market value as of effective date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774926002819/0001437749-26-002819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774926002819/mlp20260203_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-002819

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