La Belle, Florida, January 11, 2006 -- Alico, Inc. (NASDAQ:ALCO), one of the South’s best-known agribusiness companies operating in Central and Southwest Florida, announced at its annual stockholders meeting held on Friday January 6, 2005, the election by stockholders of John R. Alexander, Robert E. Lee Caswell, Evelyn D’An, Phillip S. Dingle, Gregory T. Mutz, Charles Palmer, Baxter G. Troutman, and Dr. Gordon Walker to serve on the Company’s Board of Directors.
At the annual Board of Directors meeting following the Stockholders meeting, the Board re-elected Mr. Alexander as Chairman and Mr. Mutz as Lead Director.
The Board also elected the following officers:
| President & Chief Executive Officer |
|
John R. Alexander |
| Vice President, Chief Financial Officer, Treasurer and Assistant Secretary |
|
Patrick W. Murphy |
| Vice President, Heavy Equipment and Facilities Maintenance Division |
|
Robert P. Miley |
| Vice President, Sugarcane and Special Crops Division |
|
Dwight Rockers |
| Vice President, Citrus Division |
|
Steven M. Smith |
| Director of Accounting, Controller and Assistant Treasurer |
|
Jerry R. Koesters |
| Corporate Secretary |
|
Denise Plair |
| Executive Director of Business Management |
|
Robert M. Bogart |
| Executive Director of Agriculture Enterprise Development and Technology |
|
M. Joseph Ahrens |
| Director of Human Resources |
|
Jeffrey G. Burton |
| Purchasing Agent |
|
John G. Threet |
The Board also declared a regular quarterly dividend in the amount of $0.25 per share to be paid to shareholders of record as of March 31, 2006 with payment expected on or about April 15, 2006.
About Alico
Alico, Inc., an agribusiness company operating in Central and Southwest Florida, owns approximately 136,000 acres of land located in Collier, Hendry, Lee and Polk Counties. The company is involved in various operations and activities including citrus fruit production, cattle ranching, sugarcane, sod production, and forestry. The Company also leases land for farming, cattle grazing, recreation and oil exploration, and is increasingly involved in exploring real estate development in and beyond its holdings.
For Further Information Contact:
John R. Alexander
La Belle, Florida
(863) 675-2966
Some of the statements in this press release include statements about future expectations. Statements that are not historical facts are "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Exchange Act and Section 27A of the Securities Act. These forward-looking statements, which include references to expectations about future prospects are predictive in nature or depend upon or refer to future events or conditions which may not be achievable and, are subject to known, as well as, unknown risks and uncertainties that may cause actual results to differ materially from our expectations The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. |
