<SEC-DOCUMENT>0000727273-20-000033.txt : 20201223
<SEC-HEADER>0000727273-20-000033.hdr.sgml : 20201223
<ACCEPTANCE-DATETIME>20201223093016
ACCESSION NUMBER:		0000727273-20-000033
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201222
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20201223
DATE AS OF CHANGE:		20201223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CADIZ INC
		CENTRAL INDEX KEY:			0000727273
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				770313235
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12114
		FILM NUMBER:		201410032

	BUSINESS ADDRESS:	
		STREET 1:		550 SOUTH HOPE STREET
		STREET 2:		SUITE 2850
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		213-271-1600

	MAIL ADDRESS:	
		STREET 1:		550 SOUTH HOPE STREET
		STREET 2:		SUITE 2850
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CADIZ LAND CO INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC AGRICULTURAL HOLDINGS INC
		DATE OF NAME CHANGE:	19920602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARIDTECH INC
		DATE OF NAME CHANGE:	19880523
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k_dec20.htm
<DESCRIPTION>CURRENT REPORT ON FORM 8-K
<TEXT>
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  <div style="text-align: center; font-size: 14pt;"><font style="font-size: 12pt;">&#160;</font><font style="font-weight: bold; font-variant: small-caps;">united states</font></div>
  <div style="text-align: center; font-size: 14pt; font-variant: small-caps; font-weight: bold;">Securities and Exchange Commission</div>
  <div style="text-align: center; font-size: 12pt; font-variant: small-caps; font-weight: bold;">Washington, D. C. 20549</div>
  <div><br>
  </div>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;">FORM 8-K</div>
  <div><br>
  </div>
  <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
  <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of the</div>
  <div style="text-align: center; font-weight: bold;">Securities Exchange Act of 1934</div>
  <div><br>
  </div>
  <div style="text-align: center; font-weight: bold;">Date of Report (Date of earliest event reported):</div>
  <div style="text-align: center; font-weight: bold;">December 23, 2020</div>
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          <div>&#160;</div>
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          <div style="text-align: center; font-weight: bold;"><font style="font-variant: small-caps;">C</font>adiz Inc.</div>
        </td>
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        <td colspan="7" style="width: 100%; vertical-align: top;">&#160;</td>
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          <div style="text-align: center; font-weight: bold;">(Exact Name of Registrant as Specified in its Charter)</div>
          <div>&#160;</div>
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          <div style="text-align: center; font-weight: bold;">DELAWARE</div>
        </td>
        <td style="width: 1.99%; vertical-align: bottom;">
          <div>&#160;</div>
        </td>
        <td colspan="3" style="width: 32%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: center; font-weight: bold;">0-12114</div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div>&#160;</div>
        </td>
        <td style="width: 32%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: center; font-weight: bold;">77-0313235</div>
        </td>
      </tr>
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        <td style="width: 31.99%; vertical-align: top;">
          <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">(State or Other Jurisdiction</div>
          <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">of Incorporation)</div>
          <div>&#160;</div>
        </td>
        <td style="width: 1.99%; vertical-align: bottom;">
          <div>&#160;</div>
        </td>
        <td colspan="3" style="width: 32%; vertical-align: top;">
          <div style="text-align: center; font-weight: bold;">(Commission File Number)</div>
        </td>
        <td style="width: 2%; vertical-align: bottom;">
          <div>&#160;</div>
        </td>
        <td style="width: 32%; vertical-align: top;">
          <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">(IRS Employer</div>
          <div style="text-align: center; margin-right: 0.8pt; font-weight: bold;">Identification No.)</div>
        </td>
      </tr>
      <tr>
        <td colspan="3" style="width: 49%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: center; margin-right: 28.8pt; margin-left: 28.8pt; font-weight: bold;">550 S. Hope Street, Suite 2850</div>
          <div style="text-align: center; margin-right: 28.8pt; margin-left: 28.8pt; font-weight: bold;">Los Angeles, CA</div>
        </td>
        <td style="width: 2%; vertical-align: middle;">
          <div>&#160;</div>
        </td>
        <td colspan="3" style="width: 49%; vertical-align: bottom; border-bottom: #000000 2px solid;">
          <div style="text-align: center; font-weight: bold;">90071</div>
        </td>
      </tr>
      <tr>
        <td colspan="3" style="width: 49%; vertical-align: top;">
          <div style="text-align: center; font-weight: bold;">(Address of Principal Executive Offices)</div>
        </td>
        <td style="width: 2%; vertical-align: top;">
          <div>&#160;</div>
        </td>
        <td colspan="3" style="width: 49%; vertical-align: top;">
          <div style="text-align: center; font-weight: bold;">(Zip Code)</div>
          <div>&#160;</div>
        </td>
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  <div style="text-align: center; margin-bottom: 12pt;"><br>
    <br>
    <font style="font-weight: bold;">Registrant&#8217;s telephone number, including area code:</font>&#160;<font style="font-weight: bold;">(231) 271-1600</font></div>
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          <div style="text-align: center; font-weight: bold;">Title of each class</div>
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        <td style="width: 2.68%; vertical-align: top;">&#160;</td>
        <td style="width: 19.64%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: center; font-weight: bold;">Trading Symbol(s)</div>
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        <td style="width: 2.68%; vertical-align: top;">&#160;</td>
        <td style="width: 41.96%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
        </td>
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        <td style="width: 0.05%; vertical-align: top;">&#160;</td>
        <td style="width: 32.99%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: center;">Common Stock, par value $0.01 per share</div>
        </td>
        <td style="width: 2.68%; vertical-align: top;">&#160;</td>
        <td style="width: 19.64%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: center;">CDZI</div>
        </td>
        <td style="width: 2.68%; vertical-align: top;">&#160;</td>
        <td style="width: 41.96%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: center;">The NASDAQ Global Market</div>
        </td>
      </tr>
      <tr>
        <td colspan="6" style="width: 100%; vertical-align: bottom;">
          <div>&#160;</div>
          <div style="text-align: center; font-weight: bold;">Not Applicable</div>
        </td>
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        <td colspan="6" style="width: 100%; vertical-align: top;">
          <div style="text-align: center; font-weight: bold;">(Former Name or Former Address, if Changed Since Last Report)</div>
        </td>
      </tr>

  </table>
  <div><br>
  </div>
  <div style="text-align: justify;">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 (see General Instruction A.2. below):</div>
  <div><br>
  </div>
  <div style="text-align: justify;">&#9633;&#160;&#160; Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</div>
  <div><br>
  </div>
  <div style="text-align: justify;">&#9633;&#160;&#160; Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
  <div><br>
  </div>
  <div style="text-align: justify;">&#9633;&#160;&#160; Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
  <div><br>
  </div>
  <div style="text-align: justify;">&#9633;&#160;&#160; Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
  <div><br>
  </div>
  <div style="margin-bottom: 10.35pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
    (&#167;240.12b-2 of this chapter).</div>
  <div style="text-align: justify; margin-bottom: 5.25pt;">Emerging growth company <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
  <div style="text-align: justify; margin-right: 26.5pt; margin-bottom: 5.25pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
    accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160; <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
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    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Item 8.01<font style="width: 9pt; display: inline-block;" class="HorizontalTab"> </font>Other Events</div>
    <font style="font-size: 12pt;"> </font>
    <div style="font-size: 12pt;"><br>
       </div>
    <font style="font-size: 12pt;"> </font>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt;">Today, Cadiz Inc. (the &#8220;Company&#8221;) reported that the U.S. Bureau of Land Management (&#8220;BLM&#8221;) has granted to our subsidiary, Cadiz Real Estate LLC, two right-of-way
      permits that now enable the Company to transport water through an existing 30&#8221; buried pipeline asset that crosses over both the State Water Project and the Mojave River Pipeline on its 220-mile route from Cadiz, California to Wheeler Ridge,
      California (the &#8220;Northern Pipeline&#8221;).&#160; The first right-of-way was issued pursuant to an assignment of a portion of an existing right-of-way held by El Paso Natural Gas (&#8220;EPNG&#8221;) and renewed by BLM under the Mineral Leasing Act in October and enables
      the continued transportation of natural gas.&#160; The second right-of-way was issued under the Federal Land Policy and Management Act and authorizes the conveyance of water over BLM-managed lands.</div>
    <font style="font-size: 12pt;"> </font>
    <div style="font-size: 12pt;"><br>
       </div>
    <font style="font-size: 12pt;"> </font>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt;">The Company acquired the Northern Pipeline from EPNG pursuant to agreements originally executed in 2011 with the intention of repurposing idle oil and gas pipeline
      assets that could diversify water conveyance for the benefit of communities in underserved areas of Kern, Los Angeles and San Bernardino Counties in California.&#160; The Northern Pipeline provides California water purveyors with a unique asset and
      corresponding opportunity to connect available supplies with rural areas of the State that need it most.</div>
    <font style="font-size: 12pt;"> </font>
    <div style="font-size: 12pt;"><br>
       </div>
    <font style="font-size: 12pt;"> </font>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt;">The Company completed the acquisition of a 96-mile segment of the Northern Pipeline from Cadiz to Barstow, California in 2014.&#160; The acquisition of the remaining
      124-mile segment of the Northern Pipeline from Barstow to Wheeler Ridge, California was subject to certain conditions precedent including the BLM right-of-way grants noted above.&#160; With these BLM grants, the conditions precedent have been satisfied to
      finalize the Company&#8217;s acquisition of the Northern Pipeline.&#160; As recently reported, the Company&#8217;s final payment of $19 million to EPNG is required to be made no later than June 30, 2021 in accordance with the Second Amendment to the Purchase and Sale
      Agreement.</div>
    <font style="font-size: 12pt;"> </font>
    <div style="font-size: 12pt;"><br>
       </div>
    <font style="font-size: 12pt;"> </font>
    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt;">Any water conveyed through the Northern Pipeline will be in accordance with all applicable local, state and federal law.</div>
    <font style="font-size: 12pt;"> </font></div>
  <font style="font-size: 12pt;"> </font><font style="font-size: 12pt;"> </font>
  <div><font style="font-size: 12pt;"><br>
    </font> </div>
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    </font> </div>
  <font style="font-size: 12pt;"> </font>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;">SIGNATURES</div>
  <font style="font-size: 12pt;"> </font>
  <div style="font-size: 12pt;">&#160;</div>
  <font style="font-size: 12pt;"></font><font style="font-size: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font><font style="font-size: 12pt;"> </font>
  <div style="font-size: 12pt;">&#160;</div>
  <font style="font-size: 12pt;"> </font>
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        <td style="width: 50%; vertical-align: top; font-size: 12pt;">&#160;</td>
        <td colspan="2" style="vertical-align: top;">
          <div style="font-size: 12pt; font-weight: bold;">CADIZ INC.</div>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top;">
          <div style="font-size: 12pt;">&#160;</div>
        </td>
        <td style="width: 3%; vertical-align: top;">
          <div style="font-size: 12pt;">&#160;</div>
        </td>
        <td style="width: 47.12%; vertical-align: top;">
          <div style="font-size: 12pt;">&#160;</div>
        </td>
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          <div style="font-size: 12pt;">&#160;</div>
        </td>
        <td style="width: 3%; vertical-align: top;">
          <div style="font-size: 12pt;">By:</div>
        </td>
        <td style="width: 47.12%; vertical-align: top;">
          <div style="font-size: 12pt;"><u>/s/ Stanley E. Speer</u></div>
        </td>
      </tr>
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        <td style="width: 50%; vertical-align: top;">
          <div style="font-size: 12pt;">&#160;</div>
        </td>
        <td style="width: 3%; vertical-align: top;">
          <div style="font-size: 12pt;">&#160;</div>
        </td>
        <td style="width: 47.12%; vertical-align: top;">
          <div style="font-size: 12pt;">Stanley E. Speer</div>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top;">
          <div style="font-size: 12pt;">&#160;</div>
        </td>
        <td style="width: 3%; vertical-align: top;">
          <div style="font-size: 12pt;">&#160;</div>
        </td>
        <td style="width: 47.12%; vertical-align: top;">
          <div style="font-size: 12pt;">Chief Financial Officer</div>
        </td>
      </tr>

  </table>
  <font style="font-size: 12pt;"> </font>
  <div style="font-size: 12pt;">&#160;</div>
  <font style="font-size: 12pt;"> </font>
  <div style="font-size: 12pt;">Date:&#160; December 23, 2020</div>
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</SEC-DOCUMENT>
