ALICO, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated April 12, 2019, reports on the Annual Meeting of Shareholders held by ALICO, INC. on April 11, 2019. The filing details the voting results for the election of directors and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance matters and does not contain financial performance data.
Material Changes and Voting Results
Out of 7,462,803 shares entitled to vote, 6,775,832 shares were voted in person or by proxy. The following matters were approved:
- Proposal 1 (Election of Directors): All five nominees were elected to the Board of Directors.
- George R. Brokaw: 4,895,172 For
- R. Greg Eisner: 4,766,874 For
- Benjamin D. Fishman: 4,775,429 For
- W. Andrew Krusen, Jr.: 4,851,763 For
- Henry R. Slack: 4,901,827 For
- Proposal 2 (Audit Firm Ratification): Shareholders ratified the selection of RSM US LLP as the independent registered public accounting firm for fiscal year 2019.
- For: 6,621,235
- Against: 110,979
- Abstain: 43,618
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document serves solely to disclose the outcome of the shareholder vote.
Key Facts for Investor Verification
- Verify the composition of the newly elected Board of Directors.
- Confirm the appointment of RSM US LLP as the independent auditor for fiscal year 2019.
- Note the significant number of broker non-votes (1,070,063) on the director election proposal.
- Review the definitive proxy statement filed on March 11, 2019, for detailed background on the proposals.