ALICO, INC.
For the period ended May 23, 2025. Filed May 23, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
May 23, 2025 · Filed May 23, 2025
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(Former Name or Former Address, if Changed Since Last Report)
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock | ALCO | Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| ☐ | Emerging growth company |
|---|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Item 1.02. Termination of a Material Definitive Agreement.
As previously disclosed, on January 3, 2025, Alico, Inc. (the “Company”) delivered a notice to Tropicana Manufacturing Company, Inc. under the Orange Purchase Agreement dated April 11, 2024, Agreement Number: R641 (the “Agreement”) to seek its consent to remove certain acreage from the Agreement. On May 23, 2025, the parties entered into a Mutual
Contract Termination Agreement (the “Termination Agreement”) terminating the Agreement in its entirety by mutual consent effective immediately. The parties have agreed to fulfill all obligations under the Agreement concerning the 2024/2025 Crop Year and all outstanding accounts and obligations under the Agreement will be settled by July 15, 2025. The Termination Agreement includes a mutual release clause, whereby each party releases and discharges the other from any claims arising out of or in connection with the Agreement.
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