Every 8-K that Cadiz, Inc. (CDZIP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CDZIP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CDZIP filings page.
Cadiz Inc., through its affiliate Fenner Gap Mutual Water Company, entered into two Construction Manager at Risk agreements on July 27, 2026 for the Mojave Groundwater Bank Northern Pipeline. The W.M. Lyles Co. agreement sets a $218.9 million guaranteed maximum price (GMP) for pump-station facilities, including a 15% project contingency. A separate agreement with Mike Bubalo Construction Co., Inc. sets a $54.9 million GMP for pipeline replacement and related facilities, including a 10% contingency.
Together, these GMPs total $273.8 million for the primary construction packages. Based on Cadiz’s current capital budget, total construction capital expenditures to place the Northern Pipeline into service are estimated at $403.3 million, including owner-procured equipment and wellfield facilities. The pipeline is designed to deliver approximately 21,275 acre-feet per year under existing water supply contracts, with potential capacity of 25,000 acre-feet per year. Construction will begin after notices to proceed and satisfaction of financing, permitting and other preconstruction conditions, which is expected to occur in the current calendar year.
Cadiz Inc. approved a CFO succession plan under which long-time CFO Stanley E. Speer will retire as Chief Financial Officer on September 1, 2026, then serve as an advisor through December 31, 2026. Effective immediately, Jacinto J. Hernandez becomes Executive Vice President of Finance and will assume the roles of Chief Financial Officer, principal financial officer, principal accounting officer and Secretary on the transition date. Controller Teffiny Bagnara is promoted to Vice President.
Hernandez’s Employment Agreement provides severance protections, including base-salary continuation and bonus components upon death, disability, qualifying termination around a change in control, or resignation for good reason, plus immediate vesting of all outstanding unvested RSUs and PSUs upon a change in control or qualifying termination. The agreement includes confidentiality, non‑competition and employee non‑solicitation covenants.
Speer’s Separation Agreement grants $10,000 per month during the advisory period, accelerated vesting of 68,700 service‑based RSUs, a fully vested grant of 100,000 RSUs in lieu of his 2026 bonus, continued eligibility for 85,000 milestone RSUs tied to Northern Pipeline project financing, reimbursement of COBRA premiums for up to 18 months, and forfeiture of 150,000 milestone RSUs. In addition, Hernandez is slated to receive inducement equity awards of 800,000 RSUs and 800,000 PSUs, with 200,000 RSUs vesting immediately and the remainder vesting over time or on achievement of stock price hurdles.
Cadiz Inc. obtained an effective Right-of-Way Grant from the U.S. Bureau of Land Management on July 14, 2026, under Title V of the Federal Land Policy and Management Act. The grant authorizes conversion of the company’s 220-mile Northern Pipeline to water conveyance, including construction, operation and maintenance across BLM-administered lands.
Cadiz paid all required right-of-way rent and fees and posted a performance and reclamation bond of approximately $2.5 million, satisfying the remaining conditions for effectiveness. The company can now advance activities in its Plan of Development to prepare for and complete construction. The grant followed a BLM Environmental Assessment under NEPA, a Decision Record and Finding of No Significant Impact, plus consultations under the NHPA and ESA. Once converted, the pipeline can deliver up to 25,000 acre-feet of water per year; Cadiz has contracts with Inland Southern California water providers for 85% of this capacity, or 21,275 acre-feet per year, subject to contractual conditions and project completion.
Cadiz Inc. amended its certificate of incorporation to increase its authorized common stock from 100,000,000 to 125,000,000, following stockholder approval at the 2026 annual meeting held on June 18, 2026.
At the meeting, 60,318,605 shares were present or represented by proxy and entitled to vote. Each listed director nominee received more than 52 million votes in favor, with 7,688,475 broker non-votes. Additional proposals on the ballot also received tens of millions of votes for, with comparatively small against and abstain totals, indicating broad stockholder support for the company’s agenda.
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. filed a current report to announce that its Board of Directors appointed Dave O’Hara as a new director, filling an existing board vacancy effective February 3, 2026. His initial term runs until the company’s 2026 Annual Meeting of Stockholders, when he is expected to stand for re-election.
O’Hara is a seasoned finance executive who spent more than 20 years at Microsoft, most recently as Executive Vice President and Chief Financial Officer of Microsoft’s Commercial Business Group, overseeing investment strategy, budgeting, forecasting, and financial analysis for major business units and large-scale capital projects. Cadiz notes there are no special arrangements behind his selection, no family relationships with current directors or officers, and no related-party transactions requiring disclosure. He will be paid under the company’s standard Director Compensation Policy.
Cadiz Inc. (NASDAQ: CDZI / CDZIP) disclosed in an 8-K that, on 17 June 2025, it signed a non-binding three-year Memorandum of Understanding (MOU) with UK-based Hoku Energy Limited to develop a large-scale clean-energy and digital-infrastructure project on up to 10,000 of Cadiz’s 35,000 Mojave-Desert acres.
Key commercial terms include: (1) exclusive option payment of $50,000 per year to Cadiz during the option period; (2) upon exercise, a long-term lease at up to $1,000 per acre (2025 dollars) equating to an initial $7.2 million annual rent for a full 10,000-acre lease, CPI-adjusted; (3) Cadiz to supply 2,000-4,000 acre-feet of water annually for green-hydrogen production at up to $900 per acre-foot, or $1.8-3.4 million in first-year water revenue; and (4) rights for Hoku to use existing pipeline corridors, subject to added rent and approvals.
The project would combine zero-carbon renewable power, low-carbon thermal generation and a potential high-performance-computing data-centre. Hoku will fund permitting, feasibility, capital raising and must meet non-binding milestones to convert the option to a lease. The MOU excludes Cadiz’s separate green-hydrogen and solar arrangements and grants Hoku a right of first refusal to power any 400-acre commercial data-centre Cadiz may develop.
Because the MOU is non-binding, revenue visibility hinges on successful negotiations, regulatory approvals and demand conditions. The filing contains customary forward-looking-statement disclaimers.