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AI brief of an SEC Form 8-K · ALICO, INC. (ALCO)

Alico CEO John Kiernan signs new employment deal, extended through September 30, 2030

Neutral Impact 4 of 5 leadership Written later

Alico, Inc. entered into a third amended and restated employment agreement with CEO John Kiernan effective July 14, 2026, extending his term through September 30, 2030. The filing also grants him up to 160,000 performance-based restricted stock units tied to 60-day volume-weighted average price targets from $40 to $110 per share.

Key points

  • Employment term extended through September 30, 2030; base salary of $550,000 in year one, rising to $650,000 by year five
  • Enhanced severance of 200% of annual base salary, payable over 24 months, if terminated without Cause or for Good Reason after a Change in Control
  • Discretionary performance bonus of up to $250,000 per year, plus real estate incentive bonuses, at least 75% payable in cash
  • Up to 160,000 PSUs tied to 60-day VWAP targets of $40 to $110 per share, with time-based vesting through 2030

The filing

CompanyALICO, INC. (ALCO)
Form8-K, current report
Filed with the SECJul 17, 2026, 5:00 PM ET
Accession number0000003545-26-000036

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.