Alico funds FDOT road & wildlife‑crossing with $5.07M deposit

Rhea-AI Filing Summary

Alico, Inc. (ALCO) reported a Locally Funded Agreement between the Corkscrew Grove Stewardship District and the Florida Department of Transportation to support a wildlife‑crossing culvert under State Road 82 and to raise the road profile. The Company will fund the Project.

The Agreement provides for a $5,071,439.33 deposit with FDOT within fourteen calendar days after execution. It also requires advancing additional amounts without delay if Project costs increase, and provides for a refund if final costs are less than total deposits. The Agreement remains in effect until Project completion and FDOT’s final accounting, subject to earlier termination under its terms.

This step is among the initial actions to implement the wildlife corridor planned as part of the Corkscrew Villages Project in eastern Collier County. Alico’s Chief Executive Officer, John Kiernan, serves as Board Chairman of the Stewardship District. The full Agreement will be filed with Alico’s Form 10‑K for the year ended September 30, 2025.

Insights

Infrastructure & Public-Private Agreements Analyst

Neutral: defined cash deposit for FDOT project with refund/true-up.

Alico disclosed a Locally Funded Agreement where the Corkscrew Grove Stewardship District and FDOT will execute a wildlife‑crossing and road elevation project tied to Corkscrew Villages. The Company will fund the work, beginning with a $5,071,439.33 deposit due within fourteen calendar days after execution.

Key mechanics include advancing additional amounts if costs rise and receiving a refund if final costs are lower than total deposits. The Agreement stays in effect until completion and FDOT’s final accounting, with earlier termination per its terms. Cash outlay direction is toward project construction; proceeds treatment does not apply.

This filing establishes the payment framework and scope (wildlife‑crossing under State Road 82 and raising the road profile). Subsequent filings may provide construction timing and final accounting details.

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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): October 27, 2025

_______________________________________________________________________

ALICO, INC.

_______________________________________________________________________

(Exact name of registrant as specified in its charter)

_______________________________________________________________________

Florida

0-261

59-0906081

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

10070 Daniels Interstate Court, Suite 200, Fort Myers, FL 33913

_______________________________________________________________________

(Address of principal executive offices)(Zip Code)

239-226-2000

_______________________________________________________________________

(Registrant’s telephone number, including area code)

Not Applicable

_______________________________________________________________________

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

ALCO

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

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. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On October 27, 2025, the Corkscrew Grove Stewardship District (the “Stewardship District”), a special district formed to facilitate financing and development of community infrastructure within its boundaries, entered into a Locally Funded Agreement (the “Agreement”) with the State of Florida Department of Transportation (“FDOT”). As previously announced, the Stewardship District was established in June 2025 and it will assist Alico, Inc. (the “Company”) in its efforts to effectively finance infrastructure, help restore and manage natural areas, and oversee the administration of master planned communities and lands within the Stewardship District’s boundaries. The Company’s Chief Executive Officer, John Kiernan, is the Board Chairman of the Stewardship District. The Company will provide funding to FDOT to support the construction of a wildlife‑crossing culvert under State Road 82 and the raising of the road profile (the “Project”). The Agreement is among the initial steps the Company is taking to implement the wildlife corridor planned as part of the Corkscrew Villages Project in eastern Collier County.

Among other things, the Agreement provides that (i) $5,071,439.33 will be deposited with FDOT within fourteen calendar days after execution of the Agreement; (ii) any additional amounts will be advanced, without delay, if Project costs increases; and (iii) a refund will be provided by FDOT to the extent the final costs incurred to complete the Project are less than the total deposits. The Agreement will remain in effect until completion of the Project and FDOT’s final accounting, subject to earlier termination in accordance with its terms.

The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, which will be filed with the Company’s Annual Report on Form 10-K for the year ended September 30, 2025.

SIGNATURES

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.

Date: October 31, 2025			ALICO, INC.
			By:			/s/ Bradley Heine
						Bradley Heine
						Chief Financial Officer

FAQ

What agreement did Alico (ALCO) disclose?

A Locally Funded Agreement between the Corkscrew Grove Stewardship District and FDOT to build a wildlife‑crossing culvert under State Road 82 and raise the road profile.

How much will be deposited under the agreement?

A $5,071,439.33 deposit must be made to FDOT within fourteen calendar days after execution of the Agreement.

Who provides the funding for the Project?

Alico will provide funding to FDOT for the Project through the Stewardship District framework.

What happens if project costs change?

Additional amounts will be advanced without delay if costs increase, and FDOT will refund any excess if final costs are less than total deposits.

How long does the Agreement remain in effect?

It remains in effect until completion of the Project and FDOT’s final accounting, subject to earlier termination per its terms.

What is the broader purpose of the Project?

It is among the initial steps to implement the wildlife corridor planned as part of the Corkscrew Villages Project in eastern Collier County.

Where can investors find the full Agreement?

The full text will be filed with Alico’s Form 10‑K for the year ended September 30, 2025.