Form 8K announcing Qtrly Dividend & Election of Directors

0000003545-07-000005.txt : 20070125 0000003545-07-000005.hdr.sgml : 20070125 20070125152903 ACCESSION NUMBER: 0000003545-07-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070123 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070125 DATE AS OF CHANGE: 20070125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALICO INC CENTRAL INDEX KEY: 0000003545 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 590906081 STATE OF INCORPORATION: FL FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00261 FILM NUMBER: 07552869 BUSINESS ADDRESS: STREET 1: PO BOX 338 STREET 2: 640 SOUTH MAIN STREET CITY: LA BELLE STATE: FL ZIP: 33935 BUSINESS PHONE: 8136752966 MAIL ADDRESS: STREET 1: 640 SOUTH MAIN STREET STREET 2: P O BOX 338 CITY: LA BELLE STATE: FL ZIP: 33935 FORMER COMPANY: FORMER CONFORMED NAME: ALICO LAND DEVELOPMENT CO DATE OF NAME CHANGE: 19740219 8-K 1 f8k01232007.htm FORM 8K ANNOUNCING QTRLY DIVIDEND & ELECTION OF DIRECTORS Form 8K announcing Qtrly Dividend & Election of Directors

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

Date of report (Date of earliest event reported): January 23, 2007

ALICO, INC.

_________________________________________

(Exact Name of Registrant as Specified in Charter)

FLORIDA

______________

(State or Other Jurisdiction of Incorporation)

0-261

__________________

(Commission File Number)

59-0906081

___________________

IRS Employer

Identification No.)

POST OFFICE BOX 338,

LA BELLE, FLORIDA

_____________________________

(Address of Principal Executive Offices)

33975

_______________

(Zip Code)

Registrant's telephone number, including area code: (863) 675-2966

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 C.F.R. 230.425)

__ Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. 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 C.F.R. 240.13e-4(c))

ITEM 7.01 REGULATION FD DISCLOSURES.

On January 23, 2007, the Company issued a press release announcing a dividiend declared by the Company's Board of Directors on January 19, 2007. A copy of the press release is attached as an exhibit to this Current Report on Form 8K.

ITEM 8.01 OTHER EVENTS.

Incorporated by reference is a press release issued by the registrant on January 23, 2007, attached as Exhibit 99.1, announces Regualar Quarterly Dividend & Election of Directors.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit 99.1- Press release announces regular quarterly dividend and election of directors.

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.

ALICO, INC.

(Registrant)

Date: January 25, 2007 By: /s/ JOHN R. ALEXANDER

John R. Alexander

Chief Executive Officer

EXHIBIT INDEX

Exhibit 99.1 Company Press Release issued January 23, 2007.

EX-99.1 2 qtrlydividendandelectofdir.htm QUARTERLY DIVIDEND & ELECTION OF DIRECTORS NEWS RELEASE Quarterly Dividend & Election of Directors News Release

Alico Announces Regular Quarterly Dividend and Election of Directors

La Belle, Florida, January 23, 2007 -- Alico, Inc. (NASDAQ:ALCO), a land management company, announced at its annual stockholders meeting held on Friday January 19, 2007, the election by stockholders of John R. Alexander, Robert E. Lee Caswell, Evelyn D’An, Phillip S. Dingle, Gregory T. Mutz, Charles Palmer, Baxter G. Troutman, Robert J. Viguet, Jr. and Dr. Gordon Walker to serve on the Company’s Board of Directors. Additionally, the shareholders approved the Amended and Restated Directors Compensation Plan.

At its Board of Directors meeting following the Annual Stockholders meeting, the Board declared a regular quarterly dividend in the amount of $0.275 per share to be paid to shareholders of record as of March 30, 2007 with payment expected on or about April 15, 2007.

The Board also re-elected Mr. Alexander as Chairman and Mr. Mutz as Lead Director, and made the following committee appointments:

Audit:

Chairman Phillip S. Dingle

Evelyn D’An Financial Expert

Gregory T. Mutz

Gordon Walker

Compensation:

Chairman Charles L. Palmer

Gregory T. Mutz

Robert J. Viguet, Jr.

Gordon Walker

Nominating and Corporate

Governance:

Chairman Gordon Walker

Evelyn D’An

Gregory T. Mutz

Charles L. Palmer

Strategy and Business Development:

Chairman Gordon Walker

Phillip S. Dingle

Gregory T. Mutz

Charles L. Palmer

Baxter G. Troutman

Robert J. Viguet, Jr.

The Board also elected the following officers:

Chief Executive Officer John R. Alexander

President and Chief Operating Officer Dan L. Gunter

Senior Vice President, Chief Financial Officer,

Treasurer and Assistant Secretary Patrick W. Murphy

Senior Vice President, Real Estate Michael D. Rosen

Senior Vice President, Human Resources and

Information Technology Michael R. Talaga

Senior Vice President, Ag-Operations Steven M. Smith

Senior Vice President,

Non-Ag Operations Robert M. Bogart

Corporate Secretary A. Denise Plair

Director of Accounting, Controller and

Assistant Treasurer Jerald R. Koesters

About Alico, Inc.

Alico, Inc., a land management company operating in Central and Southwest Florida, owns approximately 137,000 acres of land located in Collier, Glades, Hendry, Lee and Polk counties. Alico is involved in various operations and activities including citrus fruit production, harvesting and marketing, vegetable production, cattle ranching, sugarcane, sod production, rock mining, vegetable seedling greenhouse operations and forestry. Alico also leases land for farming, cattle grazing, recreation and oil exploration. Alico’s mission is to grow its earnings and asset values through its agricultural and real estate activities to produce superior long term returns for its shareholders.

For Further Information Contact:

John R. Alexander

La Belle, Florida

(863) 675-2966

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.