0001437749-15-017402.txt : 20150917 0001437749-15-017402.hdr.sgml : 20150917 20150916211349 ACCESSION NUMBER: 0001437749-15-017402 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150916 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20150917 DATE AS OF CHANGE: 20150916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAUI LAND & PINEAPPLE CO INC CENTRAL INDEX KEY: 0000063330 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 990107542 STATE OF INCORPORATION: HI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06510 FILM NUMBER: 151111250 BUSINESS ADDRESS: STREET 1: 200 VILLAGE ROAD CITY: LAHAINA STATE: HI ZIP: 96761 BUSINESS PHONE: 808-877-1608 MAIL ADDRESS: STREET 1: 200 VILLAGE ROAD CITY: LAHAINA STATE: HI ZIP: 96761 8-K 1 mlp20150916_8k.htm FORM 8-K mlp20150916_8k.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

 

 

September 16, 2015

(Date of report – date of earliest event reported)

 

MAUI LAND & PINEAPPLE COMPANY, INC.

(Exact name of registrant as specified in its charter)

 

Hawaii

001-06510

99-0107542

(State of incorporation)

(Commission file number)

(IRS employer
identification number)

 

200 Village Road, Lahaina, Maui, Hawaii 96761

(Address of principal executive offices)

 

(808) 877-3351

(Registrant’s telephone number, including area code)

 

N/A

(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:

 

☐

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 2.01 Completion of Acquisition or Disposition of Assets.

 

On September 16, 2015, Maui Land & Pineapple Company, Inc. (the “Company”) closed the sale of the 25-acre Kapalua Golf Academy parcel and related facilities to TY Management Corporation for $12.0 million. The property was previously leased by TY Management Corporation, which plans to continue utilizing the property for its Kapalua Golf Academy operations. The property was sold without any development entitlements.

 

The sale resulted in a gain of approximately $10.5 million, which will be included in the Company’s operating results for the quarter ending September 30, 2015.

 

 
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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

     

  MAUI LAND & PINEAPPLE COMPANY, INC.
     
Date:     September 16, 2015 By: /s/ TIM T. ESAKI 
   

Tim T. Esaki

 

  

Chief Financial Officer

 

 

 

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