ALICO, INC. 8-K

What Happened Alico, Inc. announced it entered into an Agricultural Lease Agreement with United States Sugar Corporation on June 18, 2026 for approximately 3,280 acres of real property in Hendry County, Florida. The initial lease term runs from July 1, 2026 through June 30, 2027, with U.S. Sugar having the right to extend the lease for an additional ten-year renewal term. The agreement also grants U.S. Sugar an option to purchase the leased property under specified terms.

Key Details

• Lease signed June 18, 2026; initial term July 1, 2026–June 30, 2027.
• Land: ~3,280 acres located in Hendry County, Florida.
• Purchase option: $29,520,000 if exercised on or before June 30, 2029 (based on $9,000/acre), subject to annual increases and per-acre adjustments.
• If lease is extended for the renewal term, the option period extends through June 30, 2031.
• Agreement includes customary provisions on permitted use, environmental compliance, assignments, defaults, indemnification; full agreement to be filed with Alico’s Form 10‑Q for the quarter ended June 30, 2026.

Why It Matters This is a material lease-and-option transaction that affects Alico’s land use and potential future cash proceeds. If U.S. Sugar exercises the purchase option, Alico would receive a defined cash payment (subject to adjustments) and transfer these acres off its balance sheet. The lease also provides near-term agricultural income/operations with an extended timeline for a possible future sale, giving investors visibility on how Alico may monetize this asset.