secwatch.observer — SEC 8-K summary
======================================

Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2026-06-02T20:36:03+00:00
Accession:  0001437749-26-019176
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

MLP enters definitive agreement to sell Kapalua property for $10M base plus up to $1.14M/acre
--------------------------------------------------------------------------------

- Sale of 8.783 acres (Lot 2-D) for $10M, plus up to 3.5 acres at $1,138,565/acre.
- Buyer is DC Kapalua 1 Property, LLC; 90-day due diligence period, then buyer must seek governmental approvals.
- Agreement includes trademark license, master lease of retail space, and amenities for Kapalua Club members.
- If required approvals not secured, either party may terminate; earnest money becomes nonrefundable over time.
- Closing contingent on buyer acceptance and securing approvals; no definitive close date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774926019176/0001437749-26-019176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774926019176/mlp20260602_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-019176

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