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1.19619989185202E-16 1.19619989185202E-16 1.19619989185202E-16 1.19619989185202E-16 1.19619989185202E-16 1.19619989185202E-16 1.19619989185202E-16 1.19619989185202E-16
Stock impact report

Alico and Mr. Remy Trafelet Reach Amicable Resolution

Alico, Inc. (ALCO) 
US:NASDAQ Investor Relations: ir.stockpr.com/alicoinc/investor-home
Company Research Source: GlobeNewswire
FORT MYERS, Fla., Feb. 11, 2019 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq “ALCO”) today announced that it has entered into a settlement agreement with Mr. Remy W. Trafelet and certain of his affiliates, along with certain members of the Alico Board of Directors (the “Board”), to dismiss the pending litigation in the Circuit Court of the Thirteenth Judicial Circuit in and for Hillsborough County, Florida captioned 734 Agriculture, LLC v. Brokaw, Case No. 18-CA-011294.  Separately, Mr. Trafelet and certain of his affiliates have entered into a settlement agreement with certain members of 734 Investors, LLC, the Company’s largest shareholder, to dismiss related pending litigation in Delaware.  In accordance with the settlement agreement, which was unanimously approved by the Board, Mr. Trafelet has resigned from his roles as president and chief executive officer and a director of the Company.  Mr. Trafelet remains one of the largest individual beneficial holde Show less Read more
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