-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Sac9mT9pEm95gp5yF3jpb7X9mJmZ5F8pqmgFB6hhA44AkXR+hXUcPpZ76SfZGpNe eDoG4Ks3l1ricMDZIMN4zQ== 0000727273-02-000030.txt : 20020710 0000727273-02-000030.hdr.sgml : 20020710 20020710151744 ACCESSION NUMBER: 0000727273-02-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020710 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020710 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CADIZ INC CENTRAL INDEX KEY: 0000727273 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE SERVICES [0700] IRS NUMBER: 770313235 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12114 FILM NUMBER: 02699922 BUSINESS ADDRESS: STREET 1: 100 WILSHIRE BLVD. STREET 2: SUITE 1600 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3108994700 MAIL ADDRESS: STREET 1: 100 WILSHIRE BLVD. STREET 2: SUITE 1600 CITY: SANTA MONICA STATE: CA ZIP: 90401-1111 FORMER COMPANY: FORMER CONFORMED NAME: ARIDTECH INC DATE OF NAME CHANGE: 19880523 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC AGRICULTURAL HOLDINGS INC DATE OF NAME CHANGE: 19920602 FORMER COMPANY: FORMER CONFORMED NAME: CADIZ LAND CO INC DATE OF NAME CHANGE: 19920703 8-K 1 jul2002-8k.txt 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): July 10, 2002 Cadiz Inc. ------------------ (Exact name of Registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 0-12114 77-0313235 (Commission File Number) (IRS Employer Identification No.) 100 Wilshire Boulevard, Suite 1600, Santa Monica, CA 90401 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (310) 899-4700 ITEM 5. OTHER EVENTS ------------ Attached hereto as Exhibit 99.1 is a copy of a press release dated July 10, 2002 as issued by the Registrant. ITEM 7. EXHIBITS -------- 99.1 Press Release dated July 10, 2002 SIGNATURES 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. Cadiz Inc. By: /s/ Jennifer Hankes Painter ----------------------------- Jennifer Hankes Painter General Counsel and Corporate Secretary Dated: July 10, 2002 EX-99.1 3 exhibit99-1.txt CADIZ INC. FOR IMMEDIATE RELEASE: CONTACT: - ---------------------- -------- July 10, 2002 Stan Speer Chief Financial Officer (310) 899-4700 CADIZ AND KADCO REAFFIRM PARTNERSHIP SUN WORLD/KADCO COMBINATION WILL NOT BE CONSUMMATED AT THIS TIME Santa Monica, CA - Under a project management agreement established in 1999, Sun World International, Inc., the wholly- owned subsidiary of Cadiz Inc. (Nasdaq: CLCI) continues to manage the development of up to 100,000 acres of agricultural land on behalf of Kingdom Agricultural Development Company (KADCO), a private Egyptian company, at KADCO's Tushka project in southern Egypt. As part of its compensation under the project management agreement, Sun World has earned and will continue to earn an equity interest in KADCO. In January 2002, Cadiz and KADCO announced an agreement in principle to combine the businesses of KADCO and Sun World. Due to technical reasons, the parties have mutually and amicably decided not to consummate the combination at this time. The parties look forward to continuing their joint activities in the region. "Sun World's performance to date and our outlook for the balance of the year is very positive," said Keith Brackpool, chairman and chief executive officer of Cadiz. "While it was not in the best interest of the Company to complete the proposed transaction at this time, we believe Sun World's strong underlying cash flow, together with the positive contributions from both its new product development and licensing programs provide several alternative avenues to provide the best value to shareholders." Founded in 1983, Cadiz is a publicly-held water development and agricultural resources firm. With Sun World, Cadiz is one of the largest vertically integrated agricultural companies in California and owns significant landholdings with substantial water resources throughout California. This release contains forward-looking statements that are subject to significant risks and uncertainties, including statements related to the future operating and financial performance of Cadiz and Sun World. Although Cadiz believes that the expectations reflected in its forward-looking statements are reasonable; it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company's forward-looking statements include price and yield fluctuations in the agricultural operations, seasonality, and other factors and considerations detailed in Cadiz' Securities and Exchange Commission filings. ### -----END PRIVACY-ENHANCED MESSAGE-----