Recent 8-K filings for MLP
Highest-materiality recent filing
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.
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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.
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MLP shareholders elect all seven directors, approve say-on-pay, ratify auditor
All seven director nominees (Aeppel, Case, Ngo, Ota, Sabin, Sellers, Takitani) received >13.7M votes for, each elected.
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MLP signs non-binding MOU with County of Maui to sell water infrastructure assets
MOU covers Honokōhau Ditch System, Puʻu Kukui Watershed (8,661 acres), four Honokōwai wells, three Honolua wells, and reservoir site.
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Maui Land & Pineapple reports Q1 2026; $11.2M land sales in escrow, new segments
Contracted land sales of $11.2M in escrow; $15.0M in negotiations; $12.0M publicly listed.
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Maui Land & Pineapple reports FY2025 operating revenue up 68%; net loss expands on pension funding
GAAP operating loss improved 38% to $4.5M in FY2025 from $7.4M in FY2024.
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Maui Land & Pineapple sells 30-acre parcel to CEO Race Randle for $1.2M
Sale to CEO of 30-acre unimproved land in Lahaina, Hawaii for $1.2M; price exceeds FMV per independent appraisal.
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Maui Land & Pineapple increases credit facility to $25M, extends to 2030
Credit facility expanded from $15M to $25M, maturity extended to Dec 31, 2030.
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Purchase price $10M for 6.5-acre Kapalua site with five existing buildings totaling ~12,000 sq ft; buyer currently leases property under ground lease.
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Recurring leasing revenue increased 39% year-to-date vs 2024; 59% vs 2023; new tenants added across Maui.
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Maui Land & Pineapple begins strategic review of water assets for possible sale or lease
Pi‘iholo Well in Upcountry Maui has capacity over 1M gallons per day.
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MLP reports Q2 2025 net loss of $9.6M on pension annuitization; revenue up 103% to $10.4M
Net GAAP loss of ($9.64M) ($0.49/share) for six months ended June 30, 2025, vs ($3.25M) loss prior year.
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All seven director nominees elected, including Stephen Case and R. Scot Sellers, each receiving over 14M votes.
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MLP Q1 rev up 134% but net loss widens to $8.6M on pension charge; launches agave venture
Operating revenues $5.8M (+134% YoY); leasing up 45% to $3.2M; land development revenue $2.3M from Honokeana Homes project.
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Maui Land & Pineapple posts FY 2024 net loss of $7.4M; operating revenue up 25% to $11.6M
Net loss of $7.4M ($0.38/share) vs $3.1M ($0.15) in 2023, driven by non-cash stock compensation.
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Maui Land & Pineapple restates 2023 financials after SEC disagrees on $1.6M revenue classification
SEC comment letter questioned $1.6M land contribution reported as operating revenue; company now agrees reclassification needed.
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Maui Land & Pineapple Q3 revenue up 18.6% but net loss widens to $5.5M
Nine-month revenue $8.15M (+$1.28M YoY) driven by leasing (+$899K) and resort amenities (+$201K).
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Leases ~50 acres at Honokeana, Napili, for five years plus construction time at no cost to the State.
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Maui Land & Pineapple's $7M land sale agreement terminated by purchaser; property to be re-marketed
Purchaser Shawn Sims canceled purchase agreement for 11.883-acre Piiholo parcel on Sep 25, 2024.
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Maui Land & Pineapple H1 net loss widens to $3.2M; revenue up 7.5% on higher occupancy
H1 2024 net loss $3.247M ($0.16/diluted share) vs $2.481M loss YoY; loss widened due to $2.582M non-cash share-based comp.
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All seven director nominees elected with 13.4M+ votes for each (broker non-votes: 3.05M).
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Maui Land & Pineapple reports Q1 2024 revenue up 8%, net loss of $1.375M
Operating revenues $2.483M, up $185K (8%) YoY; leasing revenue $2.216M.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.75 · Median 0.60 · Most common event other_material