ALICO, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Alico, Inc. on October 4, 2011. The report details corporate actions taken by the Board of Directors on September 29, 2011, regarding shareholder dividends and the scheduling of the annual meeting.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the declaration of a cash dividend of $0.12 per share of outstanding common stock.
Material Changes and Corporate Actions
- Dividend Declaration: A cash dividend of $0.12 per share was declared.
- Record Date: October 31, 2011.
- Payment Date: Expected November 15, 2011.
- Dividend Policy: Management indicated an intent to reinstate the quarterly dividend policy beginning with the first fiscal quarter ending December 31, 2011.
- Annual Meeting: Scheduled for February 17, 2012, at 10:00 a.m. at the Alico Arena, Florida Gulf Coast University. The record date for voting eligibility is December 30, 2011.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of specific risks and contingencies beyond the standard disclosure that the information is furnished under Items 8.01 and 9.01 and is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Key Facts for Investor Verification
- Verify the ex-dividend date to determine eligibility for the $0.12 per share payment.
- Confirm the reinstatement of the quarterly dividend policy in subsequent filings for the quarter ending December 31, 2011.
- Note the record date of December 30, 2011, for voting rights at the February 17, 2012, annual meeting.