Business Context and Reporting Period
This Form 8-K Current Report was filed by Alico, Inc. on April 25, 2005. Alico is an agribusiness company operating in Central and Southwest Florida with approximately 141,000 acres of real estate holdings. Its operations include citrus fruit production, cattle ranching, sugarcane, sod production, forestry, and land leasing for farming, grazing, recreation, and oil exploration. The company is also exploring real estate development opportunities.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance events rather than financial performance data.
Material Changes
- Board Appointment: The company appointed Evelyn D'An to its Board of Directors. Ms. D'An is the President of D'An Financial Services, Inc., and formerly an audit and advisory partner at Ernst & Young.
- Annual Meeting: The Annual Meeting of Shareholders is scheduled for June 10, 2005.
- Record Date: Stockholders of record as of April 29, 2005, are eligible to vote at the meeting.
Guidance, Outlook, and Risks
Management commentary indicates a focus on executing the company's business plan with the addition of a director possessing energy, ambition, and focus. The press release contains forward-looking statements regarding future results, which are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from historical or expressed results. No specific financial guidance or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the definitive proxy statement expected to be circulated on or about May 10, 2005, for details on the Annual Meeting agenda.
- Confirm the background and qualifications of the newly appointed director, Evelyn D'An.
- Review subsequent filings for financial performance data, as this 8-K does not contain quarterly or annual financial results.