Inc. Announces Election of Directors
LaBelle, FL, February 24, 2009
— Alico, Inc. (NASDAQ: ALCO), a land management company, announced at its annual
stockholders meeting held on Friday February 20, 2009, the Alico stockholders
elected JD Alexander, John R. Alexander, Robert E. Lee Caswell, Evelyn D'An,
Charles Palmer, Dean Saunders, Robert J. Viguet, Jr. and Dr. Gordon Walker to
serve on the Company's Board of Directors.
Board of Directors Meeting following the annual meeting, the Directors
re-elected Mr. John R. Alexander as Chairman and made the following committee
and Financial Expert: Evelyn D’An
and Corporate Governance:
also elected the following officers:
and Principal Executive Officer: Steven M.
Vice-President, Chief Financial Officer, Treasurer and
Secretary: Patrick W. Murphy
Vice-President of Human Resources and
Technology: Michael R. Talaga
of Accounting, Controller and Assistant Treasurer: Jerald
Audit Director: Jaime Voskovitch
Secretary: A. Denise Plair
deferred making final decisions regarding other items on its agenda until its
next scheduled meeting on Thursday February 26, 2009.
Inc., a land management company operating in Central and Southwest Florida, owns
approximately 135,500 acres of land located in Collier, Glades, Hendry, Lee and
Polk counties. Alico is involved in various agricultural operations and real
estate activities. Alico's mission is to grow its asset values through its
agricultural and real estate activities to produce superior long-term returns
for its shareholders.
Further Information Contact:
in this press release that are not statements of historical or current fact
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other unknown factors that
could cause the actual results of the Company to be materially different from
the historical results or from any future results expressed or implied by such
forward-looking statements. The forward-looking statements contained herein are
also subject generally to other risks and uncertainties that are described from
time to time in the Company's reports and registration statements filed with the
Securities and Exchange Commission.