ALICO, INC. (NASDAQ:ALCO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Company) that, effective February 27, 2017, he will resign as a
member of the Companys Board of Directors (the Board). Mr.
Wilsons resignation is not a result of any disagreement with the
Company on any matter relating to its operations, policies or
practices. The Board plans to undertake a careful and
deliberative process to identify and evaluate suitable candidates
and appoint a new independent director to fill the vacancy
created by Mr. Wilsons resignation.
on February 23, 2017. There were 8,324,747 shares of common stock
entitled to be voted and 7,606,733 shares were voted in person or
by proxy. The Companys inspector of elections certified the
following vote tabulations:
Board of Directors:
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FOR
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AGAINST
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WITHHELD
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BROKER
NON-VOTES
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||||||
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George R. Brokaw
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5,572,030
|
1,149,521
|
885,182
|
||||||
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R. Greg Eisner
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6,103,527
|
618,024
|
885,182
|
||||||
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Benjamin D. Fishman
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6,353,492
|
368,059
|
885,182
|
||||||
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W. Andrew Krusen, Jr.
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6,102,832
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618,719
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885,182
|
||||||
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Henry R. Slack
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5,575,105
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1,146,446
|
885,182
|
||||||
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Remy W. Trafelet
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6,058,498
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663,053
|
885,182
|
||||||
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Clayton G. Wilson
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6,330,927
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390,624
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885,182
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||||||
RSM US LLP as the Companys independent registered public
accounting firm for fiscal year 2017.
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FOR
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AGAINST
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ABSTAIN
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BROKER
NON-VOTES
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|||
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7,559,640
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23,865
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23,228
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N/A
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named executive officers as disclosed in the Companys proxy
statement.
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FOR
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AGAINST
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ABSTAIN
|
BROKER
NON-VOTES
|
|||
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5,704,603
|
916,069
|
100,879
|
885,182
|
companys named executive officers compensation program
(say-on-pay) advisory vote.
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3 YEARS
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2 YEARS
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1 YEAR
|
ABSTAIN
|
BROKER
|
||||
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NON-VOTES
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||||||||
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4,769,977
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21,726
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1,812,881
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116,967
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885,182
|
announcing that the Companys Board of Directors declared a cash
dividend of $0.06 per share on its outstanding common stock to
be paid to shareholders of record as of March 31, 2017, with
payment expected on April 14, 2017. A copy of the press release
is filed as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated herein by reference.
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Exhibit No.
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Description
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Exhibit 99.1
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Press release, dated February 27, 2017 announcing
declaration of dividend. |
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About ALICO, INC. (NASDAQ:ALCO)
Alico, Inc. is an agribusiness and natural resources management company. The Company’s segments include Orange Co., Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co. segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus. The conservation and environmental resources segment includes activities related to cattle grazing, sod, native plant and animal sales, leasing, management and/or conservation of unimproved native pasture land. The other operations segment consists of activities related to rock mining royalties, oil exploration and other insignificant lines of business. ALICO, INC. (NASDAQ:ALCO) Recent Trading Information
ALICO, INC. (NASDAQ:ALCO) closed its last trading session down -0.15 at 25.75 with 7,178 shares trading hands.
