Appointed
Cathryn R. Rivera
Chief Operating Officer
CDZI ·
CADIZ INC
Ms. Cathryn R. Rivera (54) was appointed as the Chief Operating Officer of Cadiz Inc. (the “Company”).
Ready 8-Ks
50
Latest filing
July 28, 2026, 4:41 PM ET
Top materiality
0.85
Event mix
other_material ×30 · leadership ×10 · debt ×5
Sentiment
27 pos · 1 neg · 22 neu
Executive change
recent →
Recent 8-K filings for CDZI
Highest-materiality recent filing
Cadiz signs 40-year water supply deal with Cucamonga Valley Water District for up to 5,000 AFY
- CVWD to purchase up to 5,000 acre-feet per year from Cadiz's Water Project via Northern Pipeline.
- Target delivered price of $1,000/AF; maximum price capped at $1,650/AF (lesser of that or IEUA recycled water rate minus 15%).
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Cadiz subsidiary signs $273.8M in GMP contracts for Mojave Groundwater Bank Northern Pipeline
Fenner Gap entered CMAR agreements with W.M. Lyles ($218.9M GMP for pump stations) and Mike Bubalo ($54.9M GMP for pipeline replacement).
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Cadiz names Jacinto Hernandez as CFO; Stanley Speer to retire Sept 1, 2026
Hernandez appointed EVP of Finance immediately, becomes CFO on Sept 1, 2026; base salary $400,000, target bonus 100%.
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Cadiz receives BLM right-of-way grant for Northern Pipeline water conversion
Grant effective July 14, 2026; $2.5M performance bond posted to satisfy remaining conditions.
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Cadiz CEO letter details cost increases, $194M WIFIA invite, ATEC growth, BLM permit progress
Construction costs rose; capital structure revised to ~30% equity / 70% public debt via GMP contract with W.M. Lyles.
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Cadiz secures $51M loan from Lytton Rancheria for Mojave Groundwater Bank
Unsecured term loan up to $51M from Lytton Rancheria; first tranche of $450M equity raise via MWI.
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Cadiz Signs MOU with U.S. Bureau of Reclamation for Colorado River Water Augmentation Study
Cadiz, Fenner Valley Water Authority, and Fenner Gap Mutual Water Company entered into MOU with U.S. Bureau of Reclamation on Sept 25, 2025.
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Cadiz signs MOU with EPCOR to jointly develop Mojave Groundwater Bank; 25,000 AFY for Arizona
Cadiz grants EPCOR exclusive rights to market 25,000 acre-feet/year of conserved water to Arizona off-takers.
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Cadiz signs MOU with Hoku Energy for clean energy campus on 10,000+ acres; expects $7-10M/yr revenue
Non-binding MOU grants Hoku Energy three-year exclusive option to develop renewable power, green hydrogen, and data center on Cadiz Ranch in Mojave Desert.
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Sold 5,715,000 common shares at $3.50 each; gross proceeds ~$20M, net proceeds ~$18.3M after fees.
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Cadiz announces $20M registered direct offering of 5.7M shares at $3.50/share
Offering of 5,715,000 common shares at $3.50/share; gross proceeds ~$20M.
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Cadiz signs LOA for up to $175M investment in Mojave Groundwater Bank project
Lead investor (public water infrastructure company) commits up to $175M in MGSC.
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Cadiz signs LOI with Lytton Rancheria for $50M investment in Mojave Groundwater Bank
Lytton Rancheria to invest up to $50M in Newco for 51% stake in Mojave Groundwater Bank, largest tribal investment off tribal lands in U.S. history.
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Cadiz secures option to buy 180 miles of Keystone XL pipe for $5M; plans groundwater bank
Purchase option for 180 miles of steel pipe from terminated Keystone XL Pipeline; initial $5M payment secures exclusive option until Nov 2026, extendable to Nov 2027.
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Cadiz raises $23.4M in registered direct offering; largest shareholder Heerema maintains 34% stake
Sold 7M shares at $3.34 each; gross proceeds $23.38M, net ~$21.9M after fees.
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Cadiz Inc. announces $23.4M registered direct offering of 7M shares at $3.34; Heerema participates
7,000,000 shares at $3.34 per share; gross proceeds ~$23.38 million.
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Cadiz signs non-binding LOI for up to $150M fund investment in Mojave Groundwater Bank
Non-binding LOI with non-profit investment fund for up to $150M to support Newco for Mojave Groundwater Bank.
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Cadiz partners with RIC Energy to build green hydrogen facility on 3,062 acres at Cadiz Ranch
RIC will build self-sufficient off-grid green hydrogen plant producing 50 tons/day using solar power on up to 3,062 acres.
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Cadiz appoints Cathryn Rivera as COO effective Sept 16, 2024; base salary $275K
Rivera hired as COO, effective Sept 16, 2024, to lead operations for groundwater banking and water tech projects.
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Cadiz signs 40-year water supply deal with Cucamonga Valley Water District for up to 5,000 AFY
CVWD to purchase up to 5,000 acre-feet per year from Cadiz's Water Project via Northern Pipeline.
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Agreement to provide 1,275 acre-feet/year of conserved water to Solomon Hills workforce housing development near Vandenburg AFB.
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Cadiz CEO Kennedy gets new employment agreement with expanded equity incentives
Base salary $400,000; annual cash bonus target 100% of base based on performance goals.
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Cadiz signs water supply deal with Golden State Water for 5,000 AFY at $1,450/AF
GSWC will purchase 5,000 acre-feet/year from Cadiz’s Project at ~$1,450/AF in 2024 dollars, adjusted annually.
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Cadiz closes $57M credit agreement; receives $20M new loan from Heerema, extends maturities to 2027
Heerema lender provided $20M new secured convertible loan at 7% PIK interest, convertible at $5.30/share.
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Cadiz enters water sales agreements for 10,000 AFY; expects $850/AF net revenue
Signed FWC Agreement for 5,000 AFY and SMWD Term Sheet for 5,000 AFY, total 10,000 AFY from Project.
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Cadiz CEO Scott Slater resigns; Susan Kennedy appointed CEO effective Jan 1, 2024
Scott Slater resigned as CEO, President and director on Dec 31, 2023, not due to any disagreement with the company.
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Cadiz receives BLM approval for Northern Pipeline right-of-way assignment
BLM final decision approves assignment of 30-year MLA ROW grant from El Paso Natural Gas to Cadiz for Northern Pipeline.
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Cadiz CEO transition: Susan Kennedy becomes CEO Jan 1, 2024; ATEC revenue guidance >$12M
Susan Kennedy, Executive Chair, will become full-time CEO effective Jan 1, 2024, while remaining Chair.
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Cadiz updates ATEC acquisition: FY2024 revenue expected >$12M, positive operating income
ATEC segment revenues expected ~$1.4M in FY2023, >$12M in FY2024 with $3-4M positive operating income.
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Cadiz signs MOU amendment reserving water supply for San Bernardino County communities
Amendment requires Cadiz to offer binding water agreements to local public water systems before exporting outside San Bernardino County.
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Cadiz reaches non-binding key terms with AVEK for water wheeling via Northern Pipeline
AVEK board approved key terms for cooperation with Cadiz on wheeling water from the Cadiz Water Project via the 220-mile Northern Pipeline.
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Cadiz raises $40.32M in registered direct offering led by largest shareholders Heerema and Odey
Sold 10.5M shares at $3.84 each; net proceeds ~$38.5M expected Feb 2, 2023.
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Cadiz Inc. raises $10M via 5M share direct offering at $2.00; Heerema leads with $3.6M investment
5M shares at $2.00/share for gross proceeds of $10M in a registered direct offering without underwriter.
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Court remands Cadiz pipeline permits to BLM for further environmental review; co. says no delay
U.S. District Court affirmed tentative ruling granting Interior's motion for voluntary remand of two pipeline rights-of-way back to BLM.
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Cadiz agrees to provide 5,000 acre-feet water/yr for 50 yrs to Salton Sea & tribe
Agreement dedicates 5,000 acre-feet of water per year for 50 years to Salton Sea Authority and Torres Martinez Tribe.
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Cadiz appoints Kenneth T. Lombard to board, expanding to 9 members
Kenneth T. Lombard appointed to Cadiz board, filling vacancy and expanding board to 9 members.
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Cadiz raises $12M in registered direct offering led by Heerema; board observer right granted
6.86M shares at $1.75 per share for total proceeds of $12M; offering priced at-the-market.
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Cadiz enters $50M secured credit facility with B. Riley, issues warrants
$50.0M senior secured term loans at 7% annual interest, due July 2, 2024.
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Cadiz issues 2M depositary shares of 8.875% Series A Preferred Stock; $25/sh liquidation preference
Underwriting agreement with B. Riley Securities for 2,000,000 depositary shares (plus 300,000 option) each representing 1/1000th of Series A Preferred Stock.
Executive changes
Appointed
Barbara Lloyd
Director
CDZI ·
CADIZ INC
On February 29, 2024, the Cadiz Inc. (the “Company”) Board of Directors (the “Board”) appointed Barbara Lloyd as a new member of the Board
Appointed
Susan Kennedy
Chief Executive Officer
CDZI ·
CADIZ INC
the Board appointed Susan Kennedy as Chief Executive Officer of the Company effective as of January 1, 2024.
Departed
Scott Slater
Chief Executive Officer, President and a director
CDZI ·
CADIZ INC
Scott Slater submitted his resignation on December 31, 2023, as Chief Executive Officer, President and a director of the Company effective as of such date.
Appointed
Susan Kennedy
Chief Executive Officer
CDZI ·
CADIZ INC
appoint Susan Kennedy as Chief Executive Officer of Cadiz, in addition to Ms. Kennedy’s continued service as Chair of the Board
Role change
Scott Slater
Senior Advisor
CDZI ·
CADIZ INC
retain Scott Slater, the current Chief Executive Officer of Cadiz, as senior advisor to the Company
Appointed
Richard Polanco
Director
CDZI ·
CADIZ INC
On July 26, 2022, the Cadiz Inc. (the “Company”) Board of Directors (the “Board”) appointed Senator Richard Polanco (ret.) as a new member of the Board, filling an existing vacancy and returning the Board’s size to 10 members.
Appointed
Kenneth T. Lombard
Director
CDZI ·
CADIZ INC
On April 14, 2022, the Cadiz Inc. (the “Company”) Board of Directors (the “Board”) appointed Kenneth T. Lombard as a new member of the Board, filling an existing vacancy on the Board and expanding the Board’s size to 9 members.
Appointed
Susan P. Kennedy
Chair of the Board
CDZI ·
CADIZ INC
Ms. Susan P. Kennedy accepted the appointment by the Cadiz Inc. Board of Directors to serve as Chair of the Board.
Role change
Keith Brackpool
Chair
CDZI ·
CADIZ INC
Mr. Keith Brackpool, who served as Chair for 21 years. Mr. Brackpool will remain on the Board in a non-executive role.
Materiality & sentiment trend
Max materiality 0.85 · Median 0.65 · Most common event other_material