Welcome to our dedicated page for Cadiz SEC filings (Ticker: CDZI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Cadiz Inc. filings document the regulatory record for a California water solutions company developing the Mojave Groundwater Bank, related conveyance infrastructure and groundwater filtration operations. Current reports on Form 8-K cover material agreements, water-project collaboration arrangements, board appointments and other events tied to the company’s water supply and storage strategy.
Proxy materials disclose board governance, director elections, executive compensation and equity-award information. The filing record also identifies Cadiz’s capital structure, including common stock and depositary shares representing fractional interests in its 8.875% Series A Cumulative Perpetual Preferred Stock, and includes disclosure categories for shareholder voting matters, governance and capital-structure changes.
Cadiz Inc director David Mark O’Hara reported an open-market purchase of 110,865 shares of common stock on May 26, 2026, at a weighted average price of $4.58 per share. The trades were executed in multiple transactions between $4.50 and $4.61. Following this purchase, O’Hara directly owns 117,841 Cadiz shares.
Cadiz Inc. released a detailed shareholder letter outlining progress on its Mojave Groundwater Bank, water infrastructure plans, and related businesses. The company is in late-stage due diligence with equity investors for Mojave Water Infrastructure Co. LLC, which will own the project’s pipeline infrastructure.
Cadiz is pursuing a capital structure that shifts from roughly 50% equity / 50% public financing to about 30% equity / 70% public financing to address higher construction costs. It received an invitation from the U.S. Environmental Protection Agency to apply for up to $194 million in WIFIA financing at about 4.7% for the Northern Pipeline. Management believes project assets could ultimately support cash flows exceeding $5 billion and targets full Mojave Groundwater Bank operations, including Northern and Southern Pipelines with storage, within roughly 24–36 months, subject to permitting and financing.
The letter also highlights strong growth at ATEC Water Systems, where baseline orders grew 37% in 2024 and 74% in 2025, and describes additional opportunities at Cadiz Ranch across water, energy, and potential hydrogen projects.
Cadiz Inc. reported a Q1 2026 net loss of $8.6 million, slightly better than the $9.6 million loss a year earlier, as non‑cash stock compensation declined. Revenue fell to $1.6 million from $3.0 million, mainly due to lower ATEC water filtration project shipments.
Operating loss narrowed to $6.8 million, while net interest expense rose to $2.5 million as the company drew more debt. Cash and cash equivalents increased to $16.5 million, supported by a $15 million draw under the Lytton Credit Agreement used to fund the Mojave Groundwater Bank and development activities.
Total assets were $146.1 million and long‑term debt reached $85.6 million. Management emphasizes liquidity planning and ongoing financing efforts to advance the Mojave Groundwater Bank, pipeline conversion and related water supply and storage projects.
Cadiz Inc. is asking stockholders to vote at its virtual 2026 Annual Meeting on June 18, 2026. Key items include electing nine directors, approving an amendment to increase authorized common shares, ratifying PricewaterhouseCoopers LLP as 2026 auditor, and an advisory vote on executive pay.
Stockholders of record as of April 22, 2026, may attend and vote online using a 12-digit control number. The company highlights an independent board, specialized committees, and policies covering ethics, anti-bribery, whistleblowing, insider trading, clawbacks, and equity grants, along with a pay program that leans heavily on long-term equity incentives.
Cadiz Inc. is soliciting proxies for its virtual 2026 Annual Meeting of Stockholders to be held on June 18, 2026 to consider: the election of nine directors; an amendment to increase authorized common shares; ratification of PricewaterhouseCoopers LLP as independent auditors; and an advisory vote on named executive officer compensation.
Only holders of record as of April 22, 2026 may vote. The meeting will be virtual at https://www.cstproxy.com/cadiz/2026, requires a majority of voting shares for a quorum, and includes detailed voting, proxy revocation, and broker‑vote procedures in the proxy materials.
Rivera Cathryn reported acquisition or exercise transactions in this Form 4 filing.
Cadiz Inc Chief Operating Officer Cathryn Rivera received a grant of 10,000 shares of common stock on April 8, 2026 as a performance bonus under the 2019 Equity Incentive Plan. Following this award, she directly holds 147,500 shares of Cadiz common stock.
The filing also notes 137,500 restricted stock units (RSUs) outstanding, each representing a contingent right to one share of common stock. Of these, 57,350 RSUs vest in quarterly installments from June 30, 2026 through June 30, 2027, subject to continued employment. Additional RSU tranches vest only upon achieving specified project finance, water sales, permitting, environmental review, and first-delivery performance milestones.
SPEER STANLEY E reported acquisition or exercise transactions in this Form 4 filing.
CADIZ INC Chief Financial Officer Stanley E. Speer reported equity awards and vesting activity in company stock. On April 8, 2026, he received 25,075 shares of common stock as a performance bonus under the 2019 Equity Incentive Plan, after tax withholding.
Previously, on October 31, 2025, 25,000 restricted stock units (RSUs) vested following completion of California Environmental Quality Act review for the Northern Pipeline, resulting in a net 13,425 common shares issued after tax withholding. After these transactions, he holds 283,860 common shares directly and has 80,150 RSUs scheduled to vest quarterly in 2026 and 2027, plus additional performance-based RSUs tied to financing, permits, water agreements, storage milestones, and first water delivery.
Cadiz Inc Chief Executive Officer Susan P. Kennedy reported several stock-based compensation changes. On April 8, 2026, she agreed with the company to cancel 150,500 restricted stock units, which will be used for future grants to other key employees; she received no consideration for this cancellation.
That same day, she received a grant of 125,000 shares of common stock as a performance bonus under the 2019 Equity Incentive Plan, increasing her direct common stock holdings to 1,121,921 shares. Earlier, on October 31, 2025, 50,000 restricted stock units vested and were converted into the same number of common shares following completion of the California Environmental Quality Act review for the Northern Pipeline project.
Lloyd Barbara A reported acquisition or exercise transactions in this Form 4 filing.
CADIZ INC director Barbara A. Lloyd received a stock grant as part of her board compensation. She was awarded 927 shares of common stock valued at $5.055 per share under the company’s 2019 Equity Incentive Plan, issued in lieu of cash fees for director services for the three-month period beginning April 1, 2026. Following this grant, she directly holds 22,272 shares of CADIZ INC common stock, reflecting a routine, compensation-related equity award rather than an open-market purchase.