<SEC-DOCUMENT>0000891092-13-002822.txt : 20130328
<SEC-HEADER>0000891092-13-002822.hdr.sgml : 20130328
<ACCEPTANCE-DATETIME>20130328172040
ACCESSION NUMBER:		0000891092-13-002822
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130322
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20130328
DATE AS OF CHANGE:		20130328

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:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-00261
		FILM NUMBER:		13725075

	BUSINESS ADDRESS:	
		STREET 1:		10070 DANIELS INTERSTATE COURT STE. 100
		CITY:			FT. MYERS,
		STATE:			FL
		ZIP:			33913
		BUSINESS PHONE:		239-226-2000

	MAIL ADDRESS:	
		STREET 1:		10070 DANIELS INTERSTATE COURT STE. 100
		CITY:			FT. MYERS,
		STATE:			FL
		ZIP:			33913

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALICO LAND DEVELOPMENT CO
		DATE OF NAME CHANGE:	19740219
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e52922_8k.htm
<DESCRIPTION>CURRENT REPORT
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 3.3pt 0 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: center"><B>Date of Report (Date of Earliest
Event Reported): March 22, 2013</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 17pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: center"><B>ALICO, INC.</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact Name of Registrant as Specified in
Charter)</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 8pt; color: black"><B>Florida</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 8pt; color: black"><B>0-261</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 8pt; color: black"><B>59-0906081</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(State or Other Jurisdiction</B></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of Incorporation)</B></P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Commission</B></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>File Number)</B></P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(IRS Employer</B></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Identification No.)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: center"><B>10070 Daniels Interstate Court, Suite
100, Fort Myers, FL 33913</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Address of Principal Executive Offices) (Zip
Code)</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: center"><B>(239) 226-2000 </B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Registrant&rsquo;s Telephone Number, Including
Area Code)</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-align: center"><B>Not Applicable</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Former Name or Former Address, if Changed
Since Last Report)</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 9.9pt 0 0">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):</P>

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    <TD STYLE="width: 4%"><FONT STYLE="font: 8pt Wingdings; color: black">&#168;</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font-size: 8pt; color: black">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
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    <TD STYLE="width: 4%"><FONT STYLE="font: 8pt Wingdings; color: black">&#168;</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font-size: 8pt; color: black">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font: 8pt Wingdings; color: black">&#168;</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font-size: 8pt; color: black">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font: 8pt Wingdings; color: black">&#168;</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font-size: 8pt; color: black">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%"><FONT STYLE="font-size: 8pt; color: black"><B>Item&nbsp;5.02</B></FONT></TD>
    <TD STYLE="width: 88%"><FONT STYLE="font-size: 8pt; color: black"><B>DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Effective on March 22 and
March 27, 2013, Alico, Inc. (the &ldquo;Company&rdquo;) entered into Change in Control Agreements with its named executive officers:
JD Alexander, President and Chief Executive Officer; Kenneth Smith, Executive Vice President and Chief Operating Officer; W. Mark
Humphrey, Senior Vice President and Chief Financial Officer; and Steven C. Lewis, Treasurer. Pursuant to the terms of the agreements,
in the event the named executive officer is terminated without cause or resigns for &ldquo;good reason&rdquo; within eighteen (18)
months following a change of control, the named executive officer will receive, in the case of Mr. Alexander, an amount equal to
two (2) times the sum of his base salary and the average of his bonus compensation during the three year period prior to termination,
and in the cases of Messrs. Smith, Humphrey and Lewis, an amount equal to one (1) time the sum of their respective base salaries
and the average of their respective bonus compensation during the three (3) year period prior to termination. Payment of the change
in control compensation is subject to the execution of a release in favor of the Company by the named executive officer. The agreements
are in effect until December 31, 2014; provided, however, that commencing on January 1, 2015, and each January 1 thereafter, the
term is automatically extended for one (1) additional year unless at least thirty (30) calendar days prior to any January 1, the
Company or the named executive officer provides the other notice that the agreement will not be extended.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Effective on March 22 and
March 27, 2013, the Company entered into Indemnification Agreements with its officers and directors (each an &ldquo;Indemnified
Party&rdquo;). Pursuant to the terms of the agreements, the Company agreed to indemnify each Indemnified Party, to the fullest
extent permitted by applicable law, against all expenses, judgments and fines incurred in connection with any legal proceeding
brought against an Indemnified Party by reason of the fact that he is or was an officer or director of the Company or by reason
of any action taken by him while acting on behalf of the Company. The Company also agreed to maintain directors&rsquo; and officers&rsquo;
liability insurance policies at existing coverage levels for as long as an Indemnified Party continues to serve as an officer or
director of the Company and for a period of six (6) years thereafter.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 8.01&#9;OTHER EVENTS.&#9;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board of Directors has
set the compensation of the members of the Special Committee of the Board formed to evaluate and pursue strategic and financial
alternatives in connection with the announcement by Atlantic Blue Group, Inc., the Company&rsquo;s majority shareholder, that it
intends to actively pursue the sale of its entire equity position in the Company to a strategic or financial buyer. The Chairman
of the Special Committee will receive $15,000 per month and the other members of the Special Committee will receive $10,000 per
month. All fees for service on the Special Committee will be paid in cash rather than in shares of Company stock.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURE</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0; text-indent: 23.1pt">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.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="width: 3%; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="width: 5%; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="width: 18%; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="width: 71%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt; color: black">ALICO, INC.</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-size: 9pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 9pt"><FONT STYLE="font-size: 9pt; color: black">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 9pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.75pt solid">/s/ W. Mark Humphrey</P></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 9pt"><FONT STYLE="font-size: 9pt; color: black">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 9pt"><FONT STYLE="font-size: 9pt; color: black">W. Mark Humphrey</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 9pt"><FONT STYLE="font-size: 9pt; color: black">Title:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 9pt"><FONT STYLE="font-size: 9pt; color: black">Senior Vice President and Chief Financial Officer</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 9.9pt 0 0">Date: March 28, 2013</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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