0000003545-11-000025.txt : 20110425 0000003545-11-000025.hdr.sgml : 20110425 20110425084328 ACCESSION NUMBER: 0000003545-11-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110425 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110425 DATE AS OF CHANGE: 20110425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALICO INC CENTRAL INDEX KEY: 0000003545 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 590906081 STATE OF INCORPORATION: FL FISCAL YEAR END: 1005 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00261 FILM NUMBER: 11776441 BUSINESS ADDRESS: STREET 1: PO BOX 338 STREET 2: 640 SOUTH MAIN STREET CITY: LA BELLE STATE: FL ZIP: 33935 BUSINESS PHONE: 8136752966 MAIL ADDRESS: STREET 1: 640 SOUTH MAIN STREET STREET 2: P O BOX 338 CITY: LA BELLE STATE: FL ZIP: 33935 FORMER COMPANY: FORMER CONFORMED NAME: ALICO LAND DEVELOPMENT CO DATE OF NAME CHANGE: 19740219 8-K 1 form8k4252011.htm FORM 8K ANNOUNCING CFO RESIGNATION form8k4252011.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): April 25, 2011
 
 
 

 
ALICO, INC.
(Exact Name of Registrant as Specified in Charter)
 
 
 

 
         
Florida
  
0-261
  
59-0906081
(State or Other Jurisdiction
of Incorporation)
  
(Commission
File Number)
  
(IRS Employer
Identification No.)
 
P.O. Box 338, LaBelle, FL 33975
(Address of Principal Executive Offices) (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 below):
 
¨
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 announced today that Scott Whitney, Alico’s Chief Financial Officer, has notified the Company that he intends to resign for personal reasons and pursue other interests.  Mr. Whitney indicated that he has no disagreements with management.  Alico is seeking chief financial officer candidates and intends to complete the search in the near future.  In order to facilitate an orderly transition, Mr. Whitney has committed to continue serving as Alico’s CFO until the earlier of (i) the filing of the Company’s Quarterly Report on Form 10-Q for the second quarter of fiscal 2011 or (ii) the appointment of his successor.  Accordingly, the effective date of Mr. Whitney’s resignation is not known at this time. 

Item 9.01
FINANCIAL STATEMENTS AND EXHIBITS.

(d)   Exhibits.

The following exhibits are included with this Report:

Exhibit 99.1 – Press release Alico, Inc. Announcing CFO Resignation.
Exhibit 99.2 – Letter of Resignation.




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/ JD Alexander
   
Name:
  
JD Alexander
   
Title:
  
President, Chief Executive Officer & Vice-Chairman of the Board
 
Date:  __________________________________

 
 




 EX-99.1 2 pressrelease4252011.htm PRESS RELEASE ANNOUNCING CFO RESIGNATION pressrelease4252011.htm

Alico Announces CFO Resignation


LaBelle, FL, April 25, 2011 – Alico, Inc. (NASDAQ:ALCO), a land management company, announced today that Scott Whitney, Alico’s Chief Financial Officer, has notified the Company that he intends to resign for personal reasons and pursue other interests. Mr. Whitney has indicated that he has no disagreements with management.  In order to facilitate an orderly transition, his resignation will be effective as of the earlier to occur of (i) the filing of the Company’s 10-Q for the second quarter of fiscal 2011 or (ii) the appointment of his successor.  Alico is seeking chief financial officer candidates and expects to complete the search in the near future.  The Company intends to appoint Mr. Steven C. Lewis, the Company’s Treasurer as interim CFO in the event Mr. Whitney’s resignation becomes effective prior to the appointment of his successor.    Steve was formerly the Chief Financial Officer of WilsonMiller, Inc. in Naples, FL and holds a Bachelor of Science degree in Accounting from the University of Florida.

“We are very appreciative of Scott’s contributions to Alico as its CFO and wish him well in his future” said JD Alexander, Alico’s President and Chief Executive Officer.


About Alico, Inc.

Alico, Inc., a land management company operating in Central and Southwest Florida, owns approximately 139,607 acres of land located in Collier, Glades, Hendry, Lee and Polk counties.  Alico is involved in various agricultural operations and real estate activities.  Alico's mission is to grow its asset values through its agricultural and real estate activities to produce superior long-term returns for its shareholders.


For Further Information Contact:

JD Alexander
La Belle, Florida
(863) 675-2966

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.  The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.


 EX-99.2 3 letterofresignation4192011.htm LETTER OF RESIGNATION FROM CFO letterofresignation4192011.htm

Scott R. Whitney
24911 Goldcrest Drive
Bonita Springs, FL  34134




April 19, 2011

JD Alexander
President and CEO
Alico, Inc.
640 South Main St.
LaBelle, FL  33935



Dear JD:

I  hereby resign my position as Senior Vice President and Chief Financial Officer of Alico, Inc. and any subsidiary I currently serve in that capacity, effective upon the earlier of (i) filing of the Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2011 (currently planned for May 10, 2011); or (ii) the Company’s appointment of a successor.

For the record, my decision is based on personal reasons and I believe it is in Alico’s best interest that I step aside at this time.  I have no disagreement with management, nor am I aware of any accounting or financial issue that you are not already apprised of.

I appreciate the opportunity to have served you.

Sincerely Yours,



/s/ Scott R. Whitney
Scott R. Whitney