ALCO on Nasdaq

Alico

Logo: Alico, Inc., Public domain, via Wikimedia Commons4

American holding company

Alico, Inc. is a holding company which owns Alico Citrus, one of the nation's largest citrus producers, and Alico Water Resources, a leading water storage and environmental services company. Alico, Inc. also owns major land holdings in Florida. In January 2024 Alico announced their intention to discontinue citrus crop operations due to citrus greening disease and weather damage.3 Its shares trade on Nasdaq under the symbol ALCO.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$44.1MRevenue, fiscal 20255
-$147.3MNet income, fiscal 20255

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  • TickerALCO on Nasdaq1
  • IndustryLessors of Real Property, NEC1
  • HeadquartersFort Myers1
  • Websitewww.alicoinc.com
  • Incorporated inFL6
  • Business address10070 Daniels Interstate Court Ste. 100, Ft. Myers,, Fl 339136
  • Filer categoryNon-accelerated filer, Smaller reporting company6

Alico, Inc. is a holding company which owns Alico Citrus, one of the nation's largest citrus producers, and Alico Water Resources, a leading water storage and environmental services company. Alico, Inc. also owns major land holdings in Florida. In January 2024 Alico announced their intention to discontinue citrus crop operations due to citrus greening disease and weather damage. They intend to keep 75% of their land in agriculture through leasing to other agricultural operators.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-436.2%Gross margin5
-462.7%Operating margin5
-334.3%Net margin5
-5.5%Revenue growth, 20255
-143.0%Return on equity5
0.80×Debt to equity5
$14.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Alico Citrus brought in 94% of the revenue Alico broke down this way in fiscal 2025.

  1. Alico Citrus$41.3M594%down 8% from 2024
  2. Land Management And Other Operations$2.7M56%up 72% from 2024
Business segments by year
Business segments20242025
Alico Citrus$45.1M$41.3M
Land Management And Other Operations$1.6M$2.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs13¢$5.6M
  • Income tax87¢$38.4M

Out of $44.1M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending27¢$5.5M
  • Dividends paid8¢$1.5M
  • Kept or used elsewhere65¢$13.1M

Out of $20.1M of cash from operations.5

Financial statements

Revenue891011125$44.1M in 2025−46% since 2018
0$50.0M$100.0M$150.0M2018: $81.3M$81.3M20182019: $122.3M$122.3M2019+50%2020: $92.5M$92.5M2020−24%2021: $108.6M$108.6M2021+17%2022: $91.9M$91.9M2022−15%2023: $39.8M$39.8M2023−57%2024: $46.6M$46.6M2024+17%2025: $44.1M$44.1M2025−6%
Gross profit891011125-$192.2M in 2025
-$200.0M-$100.0M0$100.0M2018: $25.6M$25.6M20182019: $60.4M$60.4M2019+136%2020: $17.9M$17.9M2020−70%2021: $23.9M$23.9M2021+33%2022: -$14.8M-$14.8M20222023: $6.4M$6.4M20232024: -$56.4M-$56.4M20242025: -$192.2M-$192.2M2025+241%
Operating income891011125-$203.9M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2018: $10.5M$10.5M20182019: $45.2M$45.2M2019+329%2020: $6.9M$6.9M2020−85%2021: $14.4M$14.4M2021+109%2022: -$24.8M-$24.8M20222023: -$4.2M-$4.2M2023−83%2024: -$67.5M-$67.5M2024+1507%2025: -$203.9M-$203.9M2025+202%
Net income891011125-$147.3M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M2018: $13.1M$13.1M20182019: $37.8M$37.8M2019+190%2020: $23.7M$23.7M2020−37%2021: $34.9M$34.9M2021+47%2022: $12.5M$12.5M2022−64%2023: $1.8M$1.8M2023−85%2024: $7.0M$7.0M2024+280%2025: -$147.3M-$147.3M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-09-302024-09-30
Total operating revenues$44.1M$46.6M
Total operating expenses$236.3M$103.0M
Gross loss-$192.2M-$56.4M
General and administrative expenses$11.7M$11.1M
Loss from operations-$203.9M-$67.5M
Interest income$793.0K$385.0K
Interest expense-$4.8M-$3.5M
Gain on sale of property and equipment$21.8M$81.6M
Other income, net$256.0K$0
Total other income, net$18.0M$78.4M
(Loss) income before income taxes-$185.9M$11.0M
Income tax (benefit) provision-$38.4M$4.6M
Net (loss) income-$147.5M$6.4M
Net loss attributable to noncontrolling interests$174.0K$618.0K
Net (loss) income attributable to Alico, Inc. common stockholders-$147.3M$7.0M
Basic (in dollars per share)-$19.29$0.91
Diluted (in dollars per share)-$19.29$0.91
Basic (in shares)7.6M shares7.6M shares
Diluted (in shares)7.6M shares7.6M shares
Cash dividends declared per common share (in dollars per share)$0.20$0.20

Compare Alico with another company

Corporate structure

Alico sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Alico

  • Thomas A. Satterfield Jr. Filed SCHEDULE 13G/A on Alico, latest Feb 5, 2026 (4 filings since Feb 14, 2022)
  • GATE CITY CAPITAL MANAGEMENT, LLC Filed SCHEDULE 13G/A on Alico, latest Nov 14, 2025 (4 filings since Feb 14, 2024)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on Alico, latest Oct 9, 2025 (3 filings since Feb 10, 2023)
  • BlackRock Filed SCHEDULE 13G/A on Alico, latest Jul 16, 2025 (3 filings since Feb 7, 2023)
  • Remy W. Trafelet Filed SC 13G/A on Alico, latest Jan 9, 2024 (2 filings since May 2, 2023)
  • Arlon Valencia Holdings LLC Filed SC 13D/A on Alico, latest Feb 8, 2022 (3 filings since Jan 19, 2022)
  • Alico Fort Myers

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Alico reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$142.1M5 Sep 30, 2025$352.7M5 Sep 30, 2024−59.7%
Operating-lease assets (leased space)$154.0K5 Sep 30, 2025$293.0K5 Sep 30, 2024−47.4%

Real estate and locations

ItemLatestA year beforeChange
Area of land49,537 acres5 Sep 30, 202553,371 acres12 Sep 30, 2024−7.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$38.1M5 Sep 30, 2025$3.1M5 Sep 30, 2024+1110.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.2M5 Sep 30, 2025$2.2M5 Sep 30, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.2M5 Sep 30, 2025$30.1M5 Sep 30, 2024−86.0%

Properties, in its own words

As of September 30, 2025, we owned approximately 49,537 acres of land located in eight counties in Florida. Acreage in each county and the primary classification with respect to the present use of these properties is shown in the following table:

Total · Hendry · Polk · Collier · DeSoto · Glades · Charlotte · Hardee · Highlands

The rest of Item 2

Alico Citrus:

Citrus Groves · 39,297 · 6,980 · 5,211 · 5,575 · 18,772 · 2,449 · 180 · 130

Land Management and Other Operations · 9,583 · 46 · 1,693 · 4,757 · 1,592 · — · 402 · 1,093

Mining · 657 · — · — · — · 50 · 526 · 81 · — · —

Total · 49,537 · 7,026 · 6,904 · 10,332 · 20,414 · 526 · 2,530 · 582 · 1,223

Approximately 40,428 acres of the properties listed are encumbered by credit agreements totaling $220,000, of which there was $82,500 outstanding at September 30, 2025. See Note 8. Long-Term Debt and Lines of Credit to the Consolidated Financial Statements included in this Annual Report.

Although we have mineral rights on substantially all our owned acres, with additional mineral rights on other leased acres, we currently collect commercial mining royalties on 657 acres and agricultural mining royalties on approximately 131 acres within Land Management and Other Operations. We do not collect mining royalties on any non-owned lands. These royalties do not represent a significant portion of operating revenues or gross profits.

Item 2 of the 10-K filed Nov 24, 2025.17

The story

In 1898, the Atlantic Land and Improvement Company was founded as a subsidiary of the Atlantic Coast Line Railroad and was the holding company for its real estate division. In February 1960, the Atlantic Coast Line Railroad (which later became part of CSX Transportation) spun-off the Atlantic Land and Improvement Company into the Alico Land Development Company, which was then renamed Alico in 1974. Alico is an acronym for Atlantic Land and Improvement Company.

In 1961, Ben Hill Griffin, Jr. was named to the board of directors of Alico, Inc, which then became a publicly traded corporation engaged in citrus fruit, sugarcane, and sod production, cattle ranching and forestry. Griffin acquired a majority of the outstanding stock of Alico in 1972, and became chairman of its board of directors in 1973.

Griffin, Jr. died in 1990 and was succeeded by his son Ben Hill Griffin III. Griffin III went on to donate 760 acres of the company's land in South Fort Myers to the state for the construction of Florida Gulf Coast University. The road leading to the university and one of its academic halls are named for Griffin, and its basketball arena is named Alico Arena.

Alico is an agribusiness in citrus, conservation, and rural-based commodities.

In 2014, Alico purchased three Florida citrus producers, making Alico one of the United States' largest citrus producers. The $363 million deal added 28,000 acres of citrus groves to Alico's portfolio.

Alico sold 5,534 acres of property to the State of Florida under the Florida Forever program in 2019, furthering the state's Devils Garden conservation project. Florida's Secretary of the Department of Environmental Protection noted the land sale would protect water resources and wildlife, including the Florida panther, and that in addition to the land being managed well, it has been preserved by Alico in "as close to a historic state as possible." In May 2020, the State of Florida entered into an option agreement to purchase another 10,684 acres of Alico property for the Florida Forever program. The land sale was praised by numerous environmental organizations for providing important protections for sensitive lands, water, and wildlife habitats for the Florida panther.

The company posted $4.4 million in profits for the first half of the 2020 Fiscal Year and harvested 5.61 million boxes of citrus. Alico also purchased its first grove in five years, acquiring 334 acres in Polk County. The company said "The coronavirus (COVID-19) outbreak has had minimal impact on the company's harvest and business operations."

From Wikipedia’s article on Alico, Inc., shared under CC BY-SA 4.0.7

Leadership

Who has led Alico, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (54)

Former names

  • ALICO INCFeb 14, 1994 to Nov 26, 20196

Timeline

  1. Sep 9, 20268-K Regulation FD disclosure92
  2. Aug 10, 20268-K Results of operations93
  3. Jul 17, 20268-K Executive or director change94
  4. Jun 25, 20268-K Entered a material agreement95
  5. Jun 15, 20268-K Regulation FD disclosure96
  6. May 11, 20268-K Results of operations97
  7. Mar 24, 20268-K Regulation FD disclosure98
  8. Mar 2, 20268-K Shareholder vote99
  9. Feb 4, 20268-K Results of operations100
  10. Dec 19, 20258-K Regulation FD disclosure101
  11. Dec 15, 20258-K Bylaws or fiscal year changed102
  12. Nov 24, 20258-K Results of operations103
  13. Nov 12, 2020New chief executive John E. Kiernan becomes CEO18
  14. Jan 5, 2017New chief executive Remy W. Trafelet becomes CEO19
  15. Nov 27, 2013New chief executive Clayton G. Wilson becomes CEO20
  16. Apr 13, 2010New chief executive J. D. Alexander becomes CEO21
  17. Jun 6, 2005New chief executive John R. Alexander becomes CEO22
  18. Jan 28, 2004New chief executive Ben Hill Griffin Iii. becomes CEO24
  19. Jan 20, 2004New chief executive Family L. P. Griffin becomes CEO23

Calendar

Coming up

  1. Nov 23, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($1.10) a share, on Nov 24, 2025.104

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results93
  2. May 11, 2026Reported quarterly or annual results97
  3. Feb 4, 2026Reported quarterly or annual results100
  4. Nov 24, 2025Reported quarterly or annual results103
  5. Aug 12, 2025Reported quarterly or annual results105
  6. May 13, 2025Reported quarterly or annual results106
  7. Feb 12, 2025Reported quarterly or annual results107
  8. Dec 2, 2024Reported quarterly or annual results108

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

283 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 74 major events, 159 insider forms, 19 large holders, 11 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 5, 20264 EDGAR
  4. Oct 5, 20264 EDGAR
  5. Oct 1, 20264 EDGAR
  6. Sep 9, 20268-K EDGAR
  7. Aug 21, 20264 EDGAR
  8. Aug 10, 202610-Q EDGAR
  9. Aug 10, 20268-K EDGAR
  10. Jul 17, 20268-K EDGAR
  11. Jul 16, 20264 EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jul 2, 20264 EDGAR
  14. Jul 2, 20264 EDGAR
  15. Jul 2, 20264 EDGAR
  16. Jun 25, 20268-K EDGAR
  17. Jun 15, 20268-K EDGAR
  18. May 11, 202610-Q EDGAR
  19. May 11, 20268-K EDGAR
  20. Apr 2, 20264 EDGAR

The 283 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 1 buys and 10 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026SPERON ERIC H.DirectorBuy1,250$39.73$49.7KForm 4
Aug 26, 2025SLACK HENRY RDirectorSale3,548$34.29$121.7KForm 4
Aug 25, 2025SLACK HENRY RDirectorSale2,913$34.56$100.7KForm 4
Aug 15, 2025SLACK HENRY RDirectorSale24,789$32.83$813.8KForm 4
Oct 13, 2022English KatherineDirectorSale1,100$29.52$32.5KForm 4
May 24, 2022Sampel JamesChief Information OfficerSale3,000$42.00$126.0KForm 4
Oct 13, 2021Arlon Valencia Holdings LLCDirectorSale533$34.50$18.4KForm 4
Oct 8, 2021Arlon Valencia Holdings LLCDirectorSale2,200$34.72$76.4KForm 4
Oct 5, 2021Arlon Valencia Holdings LLCDirectorSale4,808$34.59$166.3KForm 4
Oct 4, 2021Arlon Valencia Holdings LLCDirectorSale438$34.50$15.1KForm 4
Oct 1, 2021Arlon Valencia Holdings LLCDirectorSale1,144$34.53$39.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John E. Kiernan$544.5K$1.4M115
2025Mitch Hutchcraft59$333.7K$555.8K115
2025Brad Heine55$275.0K$380.7K115
2024President and Chief Executive Officer$539.0K$1.6M115
2024Chief Financial Officer$275.0K$305.7K115

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Gate City Capital Management, LLC1,293,141$53.5M13.9%+9,435
BlackRock, Inc.445,439$18.4M0.0%+26,631
Pacific Ridge Capital Partners, LLC283,139$11.7M2.1%−2,193
Dimensional Fund Advisors LP261,491$10.8M0.0%−25,650
Vanguard Capital Management LLC242,656$10.0M0.0%+7,983
CM Management, LLC200,000$8.3M5.3%No change
Geode Capital Management, LLC146,054$6.0M0.0%+984
Morgan Stanley142,396$5.9M0.0%−3,751
State Street Corp135,730$5.6M0.0%−157
Peapod Lane Capital LLC117,439$4.9M3.3%−16,253
Rodgers Brothers Inc.112,604$4.7M0.5%+1
Accordant Advisory Group Inc101,317$4.2M2.8%+682
Towerview LLC75,500$3.1M2.0%−9,500
Oak Family Advisors, LLC63,575$2.6M0.8%+2,275
Northern Trust Corp60,646$2.5M0.0%+2,470
Bard Associates Inc55,606$2.3M0.5%−23
Bank of New York Mellon Corp54,817$2.3M0.0%+1,718
Naples Global Advisors, LLC44,848$1.9M0.1%−1,900
Vanguard Fiduciary Trust Co39,961$1.7M0.0%+1,505
Vanguard Portfolio Management LLC39,345$1.6M0.0%+6,765
Abundance Wealth Counselors38,795$1.6M0.1%+16,866
Goldman Sachs Group Inc33,123$1.4M0.0%−1,435
Ellsworth Advisors, LLC23,571$964.2K0.2%+267
UBS Group AG23,077$954.7K0.0%−876
Allen Investment Management, LLC21,106$873.2K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Alico is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARALICO, INC.2
  • CIK0000003545
  • Employer ID (EIN)59-090608117
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company17
  • Incorporated inFlorida17
  • Fiscal year endsSeptember 12
  • Industry code (SIC)6519 Lessors of Real Property, NEC2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address10070 Daniels Interstate Court Ste. 100, Ft. Myers,, FL 339132
  • Phone239-226-20002
  • Shares outstanding7,418,561 as of Aug 5, 202615
  • Public float$210.0M as of Mar 31, 202517
  • AuditorGRANT THORNTON LLP, Tampa, Florida PCAOB ID 248; no auditor attestation of internal control over financial reporting17
  • On EDGAR sinceFeb 14, 19942
  • Filings1,897 in all: 4 (1,061), 8-K (409), 10-Q (95), 3 (57), SC 13D/A (50), SC 13G/A (32), 10-K (31), DEF 14A (31)2
    All 31 form types

    SC 13G (22), 4/A (21), 8-K/A (11), UPLOAD (11), 10-Q/A (9), CORRESP (9), 10-K/A (6), SC 13D (6), DEFA14A (5), S-8 (5), SCHEDULE 13G/A (5), 3/A (3), NT 10-Q (3), SC TO-I/A (3), 144 (2), 5 (2), NT 10-K (2), 144/A (1), DEFM14C (1), DEFR14A (1), PREM14C (1), SC 14F1 (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Nov 24, 2025
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Jan 14, 2026
    Latest 8-K (8-K) Sep 9, 2026

Securities registered for trading

ClassSymbolExchange
Common StockALCONasdaq Global Select Market

From the cover page of the 10-K filed Nov 24, 2025 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Alico names in Item 1A of its 10-K filed Nov 24, 2025: 32 risks under these headings, as written.17

  • Risks Related to our Business
  • If we are unable to successfully develop and execute our strategic growth initiatives, or if they do not adequately address the challenges or opportunities we face, our business, financial condition and prospects may be adversely affected.
  • Our workforce reduction may not result in our intended outcomes and may yield unintended consequences and additional costs.
  • Adverse weather conditions, natural disasters and other natural conditions, including the effects of climate change and weather events, particularly because our properties are geographically concentrated in Florida, have in the past and could in the future impose significant costs and losses on our business and adversely affect our results of operations, financial position and cash flows.
  • A significant portion of our revenues are historically derived from our citrus business and our Strategic Transformation involves expected significant revenue shift to real estate development and diversified farming operations and any adverse event affecting these areas could disproportionately harm our business.
  • The land development business is highly competitive, and we cannot assure you that we will maintain our current market share.
  • Harm to our reputation could have an adverse effect on our business, financial condition and results of operations.
  • If a transaction intended to qualify as a Section 1031 Exchange is later determined to be taxable or if we are unable to identify and complete the acquisition of a suitable replacement property to effect a Section 1031 Exchange, we may face adverse consequences, and if the laws applicable to such transactions are amended or repealed, we may not be able to dispose of properties in the future on a tax deferred basis.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • We may undertake one or more significant corporate transactions that may not achieve their intended results, may adversely affect our financial condition and our results of operations, or result in unforeseeable risks to our business.
  • We face significant competition in our agricultural operations.
  • Our earnings are sensitive to supply, demand and pricing dynamics for land sales, leasing and development activities, as well as any remaining agricultural products.
The other 21 risks
  • Climate change, or legal, regulatory, or market measures to address climate change, may negatively affect our business and operations.
  • ESG issues, including those related to our workforce and sustainability, may have an adverse effect on our business, financial condition, results of operations, and cash flows and damage our reputation.
  • We benefit from reduced real estate taxes due to the agricultural classification of a majority of our land. Changes in the classification or valuation methods employed by county property appraisers could cause significant changes in our real estate property tax liabilities.
  • Compliance with applicable environmental laws may substantially increase our costs of doing business, which could reduce our profits.
  • Our business may be adversely affected if we lose key employees.
  • Material weaknesses and other control deficiencies relating to our internal control over financial reporting could result in errors in our reported results and could have a material adverse effect on our operations, investor confidence in our business and the trading price of our securities.
  • Inflation can have a significant adverse effect on our operations.
  • Macroeconomic conditions, such as rising inflation, armed conflicts and geopolitical instability, and pandemics or health crises could adversely affect our business, financial condition, results of operations and cash flows.
  • We incur increased costs as a result of being a publicly traded company.
  • System security risks, data protection breaches, cybersecurity incidents and systems integration issues could disrupt our internal operations or services provided to customers, and any such disruption could reduce our expected revenues, increase our expenses, damage our reputation and adversely affect our stock price.
  • Our agricultural products are subject to supply and demand pricing which is not predictable.
  • We are subject to the risk of product contamination and product liability claims.
  • Our agricultural operations are subject to water use regulations restricting our access to water.
  • Liability for the use of fertilizers, pesticides, herbicides and other potentially hazardous substances could increase our costs.
  • Increases in commodity or raw product costs, such as fuel and chemical costs, could adversely affect our operating results.
  • We are subject to transportation risks.
  • Risks Related to Our Indebtedness
  • We maintain a significant amount of indebtedness, which could adversely affect our financial condition, results of operations or cash flows, and may limit our operational and financing flexibility and negatively impact our business.
  • We may be unable to generate sufficient cash flow to service our debt obligations.
  • Some of our debt is based on variable rates of interest, which could result in higher interest expenses in the event of an increase in the interest rates.
  • Risks Related to our Common Stock
  • The market price of our common stock may be volatile or decline, and you may not be able to resell your shares at or above the price you initially paid for our common stock.
  • We may not be able to continue to pay or maintain our cash dividends on our common stock and the failure to do so may negatively affect our share price.

Legal proceedings

From time to time, we have been, and may in the future be involved in, litigation relating to claims arising out of our operations in the normal course of business. There are no current legal proceedings to which we are a party or of which any of our property is subject that we believe will have a material adverse effect on our financial position, results of operations or cash flows. See Note 15. Commitments and Contingencies to the Consolidated Financial Statements included in this Annual Report for further information.

The opening of Item 3, Legal Proceedings.17

Sources

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  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95
  96. 96
  97. 97
  98. 98
  99. 99
  100. 100
  101. 101
  102. 102
  103. 103
  104. 104
  105. 105
  106. 106
  107. 107
  108. 108
  109. 109
  110. 110
  111. 111
  112. 112
  113. 113
  114. 114
  115. 115