form8k8162010.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
report (date of earliest event reported) August
16, 2010
Alico,
Inc.
(Exact
name of registrant as specified in its charter)
Florida
(State or
other jurisdiction of incorporation)
0-261
(Commission
File Number)
59-0906081
(IRS
Employer Identification No.)
Post
Office Box 338
LaBelle,
Florida
(Address
of principal executive offices)
33975
(Zip
Code)
(863)
675-2966
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2.):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Alico
Hires Business Development Executive
Effective
August 16, 2010, the Company appointed Chris Ward to the position of
Vice-President for Planning and Business Development. His appointment
was announced in a press release issued on August 16, 2010, which is attached
hereto as Exhibit 99.1. Mr. Ward will initially be responsible for
the evaluation of current and future business opportunities. Mr. Ward will
receive a regular base salary of $200,000 annually and is eligible for an annual
incentive bonus under the Company’s discretionary bonus plan up to 100% of his
base salary. Mr. Ward will additionally receive a refundable
retention bonus in the amount of $45,000 upon the commencement of his
employment, refundable to Alico if for any reason other than death or
disability, he ceases to remain a full time employee of Alico or any of its
subsidiaries prior to August 16, 2012. Mr. Ward will be eligible to
participate in the Company's health and benefits plan and profit sharing and
401(k) plan offered to all Alico full time employees subject to normal vesting
requirements. Mr. Ward is eligible for three weeks vacation
annually.
Item
9.01. Financial Statements and Exhibits
(c) Exhibits.
Exhibit
99.1 Press release, dated August 16, 2010, announcing Alico Hires Business
Development Executive
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
ALICO,
INC.
By: /s/ Patrick W.
Murphy
Patrick
W.
Murphy
Senior
Vice President and
Chief
Financial
Officer
Dated: August
16, 2010
EXHIBIT
INDEX
Exhibit
No. Exhibit
|
99.1
|
Press
release, dated August 16, 2010, announcing Alico Hires Business
Development Executive.
|