Clayton G. Wilson Resigns as Member of Board of Directors of Alico, Inc.; Declares Second Quarter of 2017 Cash Dividend, Payable on April 14, 2017
February 27, 2017 at 05:16 pm EST
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On February 23, 2017, Clayton G. Wilson notified Alico, Inc. (the “company”) that, effective February 27, 2017, he will resign as a member of the company's Board of Directors. Mr. Wilson's resignation is not a result of any disagreement with the company on any matter relating to its operations, policies or practices.
On February 27, 2017, the company's Board of Directors declared a second quarter of 2017 cash dividend of $0.06 per share on its outstanding common stock to be paid to shareholders of record as of March 31, 2017, with payment expected on April 14, 2017.
Alico, Inc. is an agribusiness and land management company. The Company is engaged in the sale of its citrus products, providing services to citrus groves owned by third parties, and grazing and hunting leasing. Its segments include Alico Citrus and Land Management and Other Operations. Alico Citrus segment is engaged in planting, owning, cultivating and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus. Its Land Management and Other Operations segment includes activities related to native plant sales, grazing and hunting leasing, management and/or conservation of unimproved native pastureland and activities related to rock mining royalties and other insignificant lines of business. It owns over 73,000 acres of land and 90,000 acres of mineral rights throughout Florida.
ALICO, INC. 
