ALICO, INC. : Change in Directors or Principal Officers (form 8-K)
January 03, 2020 at 04:35 pm
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Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b)
On December 31, 2019, Mr. George R. Brokaw, the Executive Vice Chairman of
Alico, Inc. (the "Company"), informed the Company that he will voluntarily
resign from the position of Executive Vice Chairman effective immediately. Mr.
Brokaw's decision to step down as Executive Vice Chairman was not the result of
any disagreement with the Company on any matter relating to the Company's
operations, policies or practices. Mr. Brokaw informed the Company that he
intends to remain a member of the Board of Directors and intends to stand for
re-election as a director at the Company's upcoming annual meeting scheduled for
February 27, 2020.
Alico, Inc. is an agribusiness and land management company. The Company is engaged in the sale of its citrus products, providing services to citrus groves owned by third parties, and grazing and hunting leasing. Its segments include Alico Citrus and Land Management and Other Operations. Alico Citrus segment is engaged in planting, owning, cultivating and/or managing citrus groves 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. Its Land Management and Other Operations segment includes activities related to native plant sales, grazing and hunting leasing, management and/or conservation of unimproved native pastureland and activities related to rock mining royalties and other insignificant lines of business. It owns over 73,000 acres of land and 90,000 acres of mineral rights throughout Florida.
ALICO, INC. 
