Attached files
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| EX-99.1 - PRESS RELEASE 4.1.10 - ALICO, INC. | exhibit991.htm |
| EX-99.2 - DEBT SERVICE COVERAGE COVENANT REDUCTION - ALICO, INC. | exhibit992.htm |
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): March 30, 2010
ALICO, INC.
(Exact Name of Registrant as
Specified in Charter)
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FLORIDA
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0-261
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59-0906081
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(State or Other
Jurisdiction
of Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification
No.)
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POST OFFICE BOX
338,
LA BELLE, FLORIDA
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33975
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(Address of Principal Executive
Offices)
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(Zip Code)
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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:
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Written communications pursuant to Rule 425 under the Securities Act
(17 C.F.R. 230.425)
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Soliciting Material pursuant to Rule 14a-12 under the Exchange Act
(17 C.F.R. 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14D-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 C.F.R. 240.13e-4(c))
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Item 1.01,
3.03
Alico announced today that it had received a one time reduction of its debt
service coverage covenant ratio requirement from its primary lender.? Under the
terms of the agreement, the debt service covenant ratio is reduced from 1.10 to
0.85.? The reduction applies only to the quarter ending March 31, 2010 and only
to the debt service covenant ratio.? All other ratios and requirements remain
intact.? There was no cost associated with obtaining the modification.? The
Company also agreed that no dividend will be declared or paid for the quarter
ending March 31, 2010.?? The Company is currently in discussions to restructure
its debt.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses
Acquired.
Not applicable.
(b) Pro Forma Financial
Information.
Not applicable.
(c) Shell Company
Transactions.
Not applicable.
(d) Exhibits.
The following exhibits are included with this Report:
Exhibit 99.1 Press Release announcing
the one time debt service coverage covenant reduction.
Exhibit 99.2????? Executed debt service coverage covenant reduction.
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.
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ALICO, INC.
(Registrant)
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Date: April 1, 2010
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By:
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/s/ Patrick W. Murphy
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Patrick W. Murphy
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Vice President and Chief Financial Officer
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EXHIBIT INDEX
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Exhibit 99.1
Exhibit 99.2
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Press Release announcing the one time debt service coverage covenant
reduction.
Executed debt service coverage covenant reduction.
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