Cadiz Inc. filings document the public-company records for its water solutions business and for CDZIP depositary shares, each representing a 1/1000 fractional interest in a share of 8.875% Series A Cumulative Perpetual Preferred Stock. The filings identify Cadiz common stock and preferred depositary shares, capital-structure disclosures, and material-event reporting tied to corporate governance and project development.
Cadiz's SEC record includes definitive proxy statements covering shareholder voting matters, board governance, executive compensation and equity-award disclosures. Form 8-K reports cover director appointments, Regulation FD disclosures, memoranda of understanding, and other material events related to the Mojave Groundwater Bank, water conveyance infrastructure, and Cadiz-owned Mojave Desert property.
Hickox Winston H reported acquisition or exercise transactions in this Form 4 filing.
CADIZ INC director Winston H. Hickox received an equity grant of 6,103 shares of Common Stock at $4.10 per share. The shares were allocated under the 2019 Equity Incentive Plan for his board service for the 12 months ended June 30, 2026 and will vest on January 31, 2027. After this grant, he directly holds 199,174 shares, while his spouse holds 70,759 shares indirectly.
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. Chief Operating Officer Cathryn Rivera reported an open-market sale of 2,500 shares of common stock at $4.33 per share. After this transaction, she directly holds 145,000 shares of Cadiz common stock.
She also holds restricted stock units tied to Cadiz common stock, including 57,350 RSUs that vest in quarterly installments from June 30, 2026 through June 30, 2027, subject to continued employment. Additional RSUs will vest only when specified project finance, water sales, regulatory and environmental milestones are achieved.
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.
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.