ALCO

#3322
Alico, Inc. - Common Stock
39.7 3 USD
-0.02%
Market Price
Sektor: Konjunkturunabhängige Konsumgüter
Basis: USD
Gewinnwährung: USD
Tagesspanne
39.73
39.73
Jahresspanne
31.32
45.00
Tagesänderung
-1.71%
Monatliche Änderung
+5.11%
6 month change
-2.62%
Jahresänderung
+18.14%
Vorheriger Schlusskurs
40.4 2
Open
39.7 3
Tief
39.7 3
Hoch
39.7 3
Volumen
10
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Financials

Übersicht Finanzbericht Statistik Dividenden Documents

2026

Current report, Q3 FY2026
ALICO, INC. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
ALICO, INC. current report, Q3 FY2026
8-K
Quarterly report, Q3 FY2026
ALICO, INC. quarterly report, Q3 FY2026
10-Q
Current report, Q2 FY2026
ALICO, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ALICO, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
ALICO, INC. current report, Q2 FY2026
8-K
Quarterly report, Q2 FY2026
ALICO, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q1 FY2026
ALICO, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
ALICO, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
ALICO, INC. current report, Q1 FY2026
8-K

ALICO, INC. current report, Q3 FY2023

Full document

ALICO, INC. Form 8-K Summary

Business Context and Reporting Period

This Current Report on Form 8-K was filed by ALICO, INC. (Nasdaq: ALCO) on August 16, 2023. The filing reports a significant change in executive leadership, specifically the resignation of the Chief Financial Officer and the immediate appointment of a successor.

Key Financial Metrics

This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on personnel changes and associated compensation arrangements.

Material Changes

  • Resignation: Perry Del Vecchio resigned as Chief Financial Officer (CFO) effective August 16, 2023.
  • Appointment: Bradley Heine was appointed as the new CFO, effective immediately on August 16, 2023. He succeeds Mr. Del Vecchio as the principal financial and accounting officer.
  • Transition Period: Mr. Del Vecchio will remain an employee until September 1, 2023.

Compensation, Outlook, and Risks

New CFO Compensation (Bradley Heine):

  • Base Salary: $275,000 annually.
  • Incentive Compensation: Eligible for an annual award with a target opportunity of 40% of the base salary, based on individual and company performance.
  • Term: Initial term from August 16, 2023, to September 30, 2025.
  • Covenants: Includes confidentiality, nondisparagement, and 12-month post-termination noncompetition and nonsolicitation clauses.

Outgoing CFO Severance (Perry Del Vecchio):

  • Lump Sum Payment: $60,000 in consideration for a release of claims.
  • Equity Vesting: 747 restricted shares of common stock granted as a sign-on bonus will vest fully and immediately upon the Date of Termination (September 1, 2023).

Management Commentary: The filing notes that Mr. Heine brings experience from Wejo Group Limited, IAC InterActive Corp, and Avis Budget Group Inc., and holds a CPA designation.

Investor Verification Checklist

  • Verify the full text of the Employment Agreement (Exhibit 10.1) for specific termination provisions and performance metrics.
  • Review the press release (Exhibit 99.1) for additional context on the leadership transition.
  • Monitor future filings for the impact of the CFO transition on financial reporting timelines and internal controls.
  • Confirm the vesting schedule and value of the 747 restricted shares awarded to the outgoing CFO.

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