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New Chief Investment Officer joins Maui Land & Pineapple (NYSE: MLP)

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Maui Land & Pineapple Company, Inc. appointed Ryan Panopio as its first Chief Investment Officer effective June 3, 2026. The new executive role is meant to support the company’s land development pipeline and real estate growth strategy.

The company recently reported a 24.5% revenue increase, with revenue reaching $11.5 million and over $11.0 million in contracted land sales in the first quarter of 2026. Panopio brings more than 20 years of experience in real estate investment and capital markets, including senior roles at Lendlease Group, Google Development Ventures, and SunCal Companies.

His compensation includes a $380,000 base salary, an annual incentive target equal to 50% of salary, and a long-term incentive target equal to 90% of salary, plus eligibility for equity awards under the 2017 Equity and Incentive Award Plan. The company oversees over 22,000 acres of land and approximately 247,000 square feet of commercial real estate on Maui.

Positive

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revenue increase 24.5% Revenue growth in first quarter of 2026
Quarterly revenue $11.5 million Revenue reported for first quarter of 2026
Contracted land sales Over $11.0 million Contracted land sales in first quarter of 2026
CIO base salary $380,000 per year Annual base salary for Chief Investment Officer
Annual incentive target 50% of salary Short-term incentive target for CIO
Long-term incentive target 90% of salary Equity-based long-term incentive target for CIO
Land holdings Over 22,000 acres Total land portfolio on Maui
Commercial space Approximately 247,000 sq ft Commercial real estate owned on Maui
Chief Investment Officer financial
"appointed Ryan Panopio to serve as Chief Investment Officer of the Company"
A chief investment officer (CIO) is the person responsible for managing a company or organization’s investments and financial strategies. They make key decisions about where to put money to help grow wealth or achieve financial goals, much like a coach plans a team’s game strategy. Their work matters to investors because it influences how effectively an organization’s assets are used to generate returns.
contracted land sales financial
"highlighted over $11.0 million in contracted land sales during the first quarter of 2026"
Financial Planning & Analysis (FP&A) financial
"Senior Director of Capital Transactions and Financial Planning & Analysis (FP&A) at Google Development Ventures"
Financial planning & analysis (FP&A) is the business function that builds forecasts, budgets and financial models to predict a company’s future performance and test different scenarios—like a weather forecast for a business. Investors use FP&A outputs to judge how realistic management’s targets are, how cash and profits might evolve, and how resilient the company is to risks, so strong FP&A increases transparency and confidence in investment decisions.
capital deployment strategy financial
"his direction in shaping our capital deployment strategy to drive growth in our portfolio"
Regulation S-K regulatory
"no relationships involving Mr. Panopio that are required to be reported pursuant to Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
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false 0000063330 0000063330 2026-06-03 2026-06-03
 
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): June 3, 2026
 
 
MAUI LAND & PINEAPPLE COMPANY, INC.
(Exact name of registrant as specified in its charter)
 
 
Delaware
001-06510
99-0107542
(State of Incorporation)
(Commission File Number)
(IRS Employer
Identification Number)
500 Office RoadLahainaMauiHawaii 96761
(Address of principal executive offices) (Zip Code)
 
(808877-3351
(Registrant’s telephone number, including area code)
 
N/A
(Former Name or Former Address, if Changed Since Last Report)
 
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, $0.0001 par value
MLP
New York Stock Exchange
 
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 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 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 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
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 5.02
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
 
Effective June 3, 2026, Maui Land & Pineapple Company, Inc., a Delaware corporation (the “Company”), appointed Ryan Panopio to serve as Chief Investment Officer of the Company.
 
The newly created executive role underscores the Company’s strategic commitment to optimize its land development pipeline and drive growth across its diverse real estate portfolio. The creation of the Chief Investment Officer role follows a period of financial and strategic progress for the Company. The Company recently reported a 24.5% increase in revenue, reaching $11.5 million, and highlighted over $11.0 million in contracted land sales during the first quarter of 2026.
 
Mr. Panopio, age 46, brings over two decades of progressive experience in real estate investment, capital markets, and financial planning to the Company. He most recently served as Head of Capital Markets, Americas and Lendlease Group (ASX: LLC), a multinational construction and real estate company, beginning in October 2023 to January 2026. Prior to beginning his role at Lendlease, Mr. Panopio was the Senior Director of Capital Transactions and Financial Planning & Analysis (FP&A) at Google Development Ventures between March 2020 and September 2023. His extensive background also includes a 14 year tenure at SunCal Companies, a prominent real estate development firm, where he held various leadership positions. He holds a Bachelor of Arts in Economics from the University of California, Irvine.
 
“We are thrilled to welcome Ryan as our Chief Investment Officer during this pivotal time for the Company,” said Race Randle, Chief Executive Officer of Maui Land & Pineapple Company. “As we continue to build momentum, Ryan’s deep expertise in structuring complex transactions and managing large-scale real estate investments will be invaluable to our future planning. We look forward to his direction in shaping our capital deployment strategy to drive growth in our portfolio and advance innovative ventures that align with our commitment to the Maui community.”
 
In connection with his appointment, Mr. Panopio will receive an annual base salary of $380,000. He will be eligible to receive equity awards under the Company’s 2017 Equity and Incentive Award Plan, with an annual incentive target equal to 50% of his then-current annual salary, and a long-term incentive target equal to 90% of his then-current annual salary. In addition, Mr. Panopio will be eligible to participate in the Company’s employee benefits plans and programs generally available to similarly situated executive officers of the Company in accordance with the terms and conditions of such plans and programs.
 
There are no arrangements or understandings between Mr. Panopio and any other person pursuant to which he was appointed as Chief Investment Officer. There are no family relationships between Mr. Panopio and any director or executive officer of the Company. Further, there are no relationships involving Mr. Panopio that are required to be reported pursuant to Item 404(a) of Regulation S-K.
 
The foregoing description of Mr. Panopio's employment terms does not purport to be complete and is qualified in its entirety by reference to the full text of his offer letter, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q with the Securities and Exchange Commission on or before August 14, 2026.
 
 
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
 
(d)  Exhibits
 
Exhibit
Number
Description
99.1
Maui Land & Pineapple Company, Inc. Press Release dated June 9, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 

 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
MAUI LAND & PINEAPPLE COMPANY, INC.
 
 
 
Date: June 9, 2026
By:
/s/ WADE K. KODAMA
 
 
Wade K. Kodama
 
 
Chief Financial Officer
 

Exhibit 99.1

 

Maui Land & Pineapple Company, Inc. Appoints a Chief Investment Officer

 

KAPALUA, Hawaii / June 9, 2026 (BusinessWire) – Maui Land & Pineapple Company, Inc. (NYSE: MLP) today announced the appointment of Ryan Panopio as the Company's Chief Investment Officer effective June 3, 2026.

 

The newly created executive role underscores the Company’s strategic commitment to optimize its land development pipeline and drive growth across its diverse real estate portfolio. The creation of the Chief Investment Officer role follows a period of financial and strategic progress for the Company. The Company recently reported a 24.5% increase in revenue, reaching $11.5 million, and highlighted over $11.0 million in contracted land sales during the first quarter of 2026.

 

Mr. Panopio, age 46, brings over two decades of progressive experience in real estate investment, capital markets, and financial planning to the Company. He most recently served as Head of Capital Markets, Americas and Lendlease Group, a multinational construction and real estate company, beginning in October 2023 to January 2026. Prior to beginning his role at Lendlease, Mr. Panopio was the Senior Director of Capital Transactions and Financial Planning & Analysis (FP&A) at Google Development Ventures between March 2020 and September 2023. His extensive background also includes a 14 year tenure at SunCal Companies, a prominent real estate development firm, where he held various leadership positions. He holds a Bachelor of Arts in Economics from the University of California, Irvine.

 

“We are thrilled to welcome Ryan as our Chief Investment Officer during this pivotal time for the Company,” said Race Randle, Chief Executive Officer of Maui Land & Pineapple Company. “As we continue to build momentum, Ryan’s deep expertise in structuring complex transactions and managing large-scale real estate investments will be invaluable to our future planning. We look forward to his direction in shaping our capital deployment strategy to drive growth in our portfolio and advance innovative ventures that align with our commitment to the Maui community.”

 

Additional Information

 

More information about Maui Land & Pineapple Company is available in filings with the Securities and Exchange Commission and posted at mauiland.com.

 

About Maui Land & Pineapple Company 

 

Maui Land & Pineapple Company, Inc. (NYSE: MLP) is dedicated to the thoughtful stewardship of its portfolio, including over 22,000 acres of land along with approximately 247,000 square feet of commercial real estate. The Company envisions a future where Maui residents thrive in more resilient communities with sufficient housing supply, economic stability, food and water security, and deep connections between people and place. For over a century, MLP has built a legacy of thoughtful stewardship through conservation, agriculture, community building, and land management. The Company continues this legacy today with a mission to thoughtfully maximize the productive use of its assets to meet the critical needs of current and future generations.

 

Company assets include land for future residential communities and mixed-use projects within the world-renowned Kapalua Resort, home to luxury hotels such as The Ritz-Carlton Maui and The Resort at Kapalua Bay, pristine beaches, a network of walking and hiking trails, and the Pu‘u Kukui Watershed, the largest private nature preserve in Hawai‘i. 

 

 

# # #

 

 

CONTACT

Investors:

Wade Kodama | Chief Financial Officer | Maui Land & Pineapple Company

 

e: wade@mauiland.com

 

Media:

Ashley Takitani Leahey | Vice President | Maui Land & Pineapple Company

e: ashley@mauiland.com

Dylan Beesley | Senior Vice President | Bennet Group Strategic Communications

e: dylan@bennetgroup.com

 

FAQ

What did Maui Land & Pineapple Company (MLP) announce in this 8-K filing?

Maui Land & Pineapple Company announced the appointment of Ryan Panopio as its first Chief Investment Officer, effective June 3, 2026, to help guide its land development pipeline and real estate portfolio growth following recent revenue and contracted land sales gains.

How did Maui Land & Pineapple’s revenue perform in the first quarter of 2026?

The company reported a 24.5% increase in revenue, reaching $11.5 million in the first quarter of 2026. It also highlighted over $11.0 million in contracted land sales, reflecting active transaction volume across its real estate portfolio on Maui.

What experience does new CIO Ryan Panopio bring to Maui Land & Pineapple (MLP)?

Ryan Panopio brings over two decades of experience in real estate investment, capital markets, and financial planning, including senior roles at Lendlease Group, Google Development Ventures, and a 14-year tenure at SunCal Companies in various leadership positions.

What are the key compensation terms for Maui Land & Pineapple’s new CIO?

Panopio will receive a $380,000 annual base salary, an annual incentive target equal to 50% of his salary, and a long-term incentive target equal to 90% of salary, along with eligibility for equity awards under the company’s 2017 Equity and Incentive Award Plan.

How large is Maui Land & Pineapple Company’s real estate portfolio on Maui?

The company oversees more than 22,000 acres of land and approximately 247,000 square feet of commercial real estate. Assets include land for future residential and mixed-use projects within the Kapalua Resort and conservation areas such as the Pu‘u Kukui Watershed.

Filing Exhibits & Attachments

5 documents