2 unchanged sentences
On December 4, 2020, our stock transfer records indicated there were 216 holders of record of our common stock.
−Removed: The number of registered holders includes banks and brokers who act as nominee for “street name” or beneficial holders, each of whom may represent more than one stockholder.
+Added: A greater number of holders of our common stock are “street name” or beneficial holders, whose shares are held by banks, brokers and other financial institutions.
Dividend Policy
6 unchanged sentences
January 16, 2018
−Removed: February 23, 2017
March 14, 2018
+Added: March 30, 2018
April 13, 2018
June 11, 2018
+Added: June 29, 2018
July 13, 2018
2 unchanged sentences
October 12, 2018
−Removed: November 6, 2017
December 14, 2018
+Added: December 28, 2018
January 11, 2019
25 unchanged sentences
INDEXED RETURNS
−Removed: Base Period Sept 14
Company Name / Index
4 unchanged sentences
Issuer Repurchases of Equity Securities
−Removed: In fiscal year 2017, Alico's Board of Directors authorized the repurchase of up to $7,000,000 of the Company’s common stock in two separate authorizations (the "2017 Authorization").
−Removed: In March 2017, Alico's Board of Directors authorized the repurchase of up to $5,000,000 of the Company’s common stock beginning March 9, 2017 and continued through March 9, 2019.
−Removed: In May 2017, Alico's Board of Directors authorized the repurchase of up to an additional $2,000,000 of the Company’s common stock beginning May 24, 2017 and continued through May 24, 2019.
−Removed: There can be no assurance that the Company will repurchase shares in the future in any particular amounts or at all.
−Removed: A reduction in, or elimination of, share repurchases could have a negative effect on the Company's share price.
−Removed: In fiscal year 2016, Alico's Board of Directors authorized the repurchase of up to 50,000 shares of the Company’s outstanding common stock beginning February 18, 2016 and continued through February 17, 2017 (the "2016 Authorization").
−Removed: For the fiscal year ended September 30, 2017, the Company did not purchase any shares in accordance with the 2016 Authorization.
We adopted Rule 10b5-1 share repurchase plan under the Securities Exchange Act of 1934 (the “Plan”) in connection with share repurchase authorizations.
1 unchanged sentence
Because repurchases under the Plan are subject to certain pricing parameters, there is no guarantee as to the exact number of common shares that will be repurchased under the Plan or that there will be any repurchases pursuant to the Plan.
−Removed: There were no purchases of common stock for the 4 th quarter in fiscal year 2019 under the 2017 Authorization or otherwise.
−Removed: As a result of the 2017 Authorization expiring on May 24, 2019, there is no availability to repurchase shares of common stock under the 2017 Authorization.
−Removed: The Company purchased 72,266 shares of common stock in the open market in fiscal year 2018 under the 2017 Authorization at a weighted average price of $30.65 per common share.
−Removed: On October 3, 2018, the Company completed a tender offer of 752,234 shares at a price of $34.00 per share aggregating $25,575,956 .
−Removed: 734 Investors, Alico's largest stockholder from 2013 until November 12, 2019, participated in the tender offer by selling a small percentage of its holdings.
+Added: Total number of shares (or units) purchased (1)
+Added: Average price paid per share (or unit)
+Added: Total number of shares (or units) purchased as part of publicly announced plans or programs
+Added: Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs
+Added: 10/01/2019 - 10/31/2019
+Added: On October 10, 2019, the Board of Directors authorized the repurchase of up to 7,000 shares of the Company's common stock from 734 Investors in a privately negotiated repurchase of shares.
+Added: The Company entered into a repurchase agreement with 734 Investors to repurchase 7,000 shares of the Company's common stock on October 15, 2019.
Selected Financial Data
The following tables present selected historical consolidated financial information as of and for each of the fiscal years in the five-year period ended September 30, 2020.
−Removed: The Consolidated Financial Statements as of and for the fiscal years ended September 30, 2019, 2018, 2017, 2016 and 2015 include combined financial statement balances with Silver Nip Citrus, as a result of our common control acquisition in February 2015.
+Added: The Consolidated Financial Statements as of and for the fiscal years ended September 30, 2020, 2019, 2018, 2017 and 2016.
The selected historical financial data presented below should be reviewed in conjunction with our Consolidated Financial Statements and the accompanying Notes thereto, included elsewhere in this Annual Report on Form 10-K.
1 unchanged sentence
September 30,
−Removed: Selected Statement of Operations Information:
+Added: Selected Statements of Operations Information:
Operating revenues
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Noncontrolling interest
−Removed: For the fiscal year ended September 30, 2015, net income includes the gain on sale of assets of approximately $13,590,000 related to the sale of real estate, approximately $8,366,000 of interest expense, approximately $1,051,000 loss on extinguishment of debt related to the refinancing of our debt obligations, approximately $1,145,000 gain on bargain purchase related to acquisition of citrus business and an impairment charge of approximately $541,000 on an asset held for sale.
For the fiscal year ended September 30, 2016, net income includes the gain on sale of assets of approximately $618,000 related to the sale of real estate and approximately $9,893,000 of interest expense.
7 unchanged sentences
Additionally, net income includes approximately $7,180,000 of interest expense and $1,204,000 relating to net realizable adjustment on inventory and impairments of long-lived assets.
+Added: For the fiscal year ended September 30, 2020, net income includes a gain on sale of assets of approximately $30,424,000 related to the sale of real estate, property and equipment and assets held for sale.
+Added: Net income also includes federal relief proceeds of approximately $4,629,000 under the Florida CRBG program relating to Hurricane Irma.
+Added: Additionally, net income includes approximately $5,981,000 of interest expense and $1,321,000 relating to impairments of long-lived assets.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.