MAUI LAND & PINEAPPLE CO INC — fact timeline

MAUI LAND & PINEAPPLE CO INC entered into Purchase and Sale Agreement and Escrow Instructions with DC Kapalua 1 Property, LLC valued at $10,000,000 for Lot 2-D, plus an additional cost of $1,138,565 per acre of the Additional Land (effective 2026-05-27).

“On May 27, 2026, Maui Land & Pineapple Company, Inc., a Delaware corporation (the “Company”), entered into a Purchase and Sale Agreement and Escrow Instructions (the “Purchase Agreement”) with DC Kapalua 1 Property, LLC, a Delaware corporation, (the “Buyer”), pursuant to which the Company agrees to sell to the Buyer certain real property (the “Property”) located in Kapalua, Maui, Hawaii, consisting of (i) 8.783 acres of land (“Lot 2-D”), and (ii) up to 3.5 acres of an adjacent land parcel (the “Additional Land”).”

MAUI LAND & PINEAPPLE CO INC reported the year ended December 31, 2025 results: net income ($10.6) million.

“Net loss increased by 43% to ($10.6) million in the year ended December 31, 2025”

MAUI LAND & PINEAPPLE CO INC amended Third Amended and Restated Credit Agreement with First Hawaiian Bank valued at $25.0 million (effective 2025-12-22).

“On December 22, 2025, Maui Land & Pineapple Company, Inc. (“ Company ”) executed a Sixth Loan Modification Agreement, Third Amended and Restated Credit Agreement, and Second Amended and Restated Note (“ Agreements ”) with First Hawaiian Bank (“ Bank ”) to be effective December 22, 2025. The Agreements amend the Company’s previous $15.0 million, four-year revolving line of credit facility (“ Credit Facility ”) with the Bank to a $25.0 million, five-year revolving Credit Facility.”

MAUI LAND & PINEAPPLE CO INC reported that prior financial statements should not be relied upon.

“the Board, after discussions with senior management, Accuity LLP, the Company’s independent registered public accounts (“Accuity”), and outside counsel, concluded that the Company’s previously issued audited consolidated financial statements as of and for the fiscal year ended December 31, 2023, should no longer be relied upon as a result of the error in recognition of operating revenue described above”

MAUI LAND & PINEAPPLE CO INC shareholders approved Ratification of the appointment of Accuity LLP as the Company's independent registered public accounting firm for the fiscal year 2024 at the 2024-05-15 meeting.

“Proposal 3: Ratification of the appointment of Accuity LLP as the Company's independent registered public accounting firm for the fiscal year 2024: Shares voted for: 17,789,689 Shares voted against: 19,212 Shares abstained: 4,277 Broker non-votes: 0”

MAUI LAND & PINEAPPLE CO INC shareholders approved Approval, on a non-binding advisory basis, of the compensation paid to the Company's named executive officers at the 2024-05-15 meeting.

“Proposal 2: Approval, on a non-binding advisory basis, of the compensation paid to the Company's named executive officers: Shares voted for: 14,462,377 Shares voted against: 284,535 Shares abstained: 15,572 Broker non-votes: 3,050,694”

MAUI LAND & PINEAPPLE CO INC shareholders approved Election of Directors to serve for a one-year term at the 2024-05-15 meeting.

“The results of the voting at the Annual Meeting were as follows: Proposal 1: Election of Directors to serve for a one-year term: Name of Nominee Shares Voted for Shares Withheld Broker Non-Votes Glyn Aeppel 13,580,057 1,182,427 3,050,694 Stephen M.”

MAUI LAND & PINEAPPLE CO INC reported the three months ended March 31, 2024 results: revenue $2,483,000, net income $1,375,000, EPS $0.07 per common share.

“new partnerships to accelerate the utilization of entitled parcels and have begun listing non-strategic assets for sale.” ● Operating Revenues – Operating revenues totaled $2,483,000 for the three months ended March 31, 2024, an increase of $185,000 compared to the three months ended March 31, 2023. Leasing revenues of $2,216,000 for the three months ended”