Form 8-K MAUI LAND & PINEAPPLE For: May 20

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Washington, D.C. 20549

 

 

 

 

Date of Report (Date of earliest event reported): May 20, 2022

 

 

(Exact name of registrant as specified in its charter)

 

 

 

(Registrant’s telephone number, including area code)

 

(Former Name or Former Address, if Changed Since Last Report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

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:

 

 

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.  ☐

 

 

 

 

 

OMAOPIO PARCEL, KULA, HI

 

On May 20, 2022, Maui Land and Pineapple Company, Inc. (“Company”) completed the sale of three contiguous parcels of land (TMK 2-2-3-8-4, TMK 2-2-3-8-30 and TMK 2-2-3-8-47) totaling 646 acres located in Kula, Hawaii referred to as Omaopio (“Omaopio Property”) to Hoa Pono, LLC (“Hoa Pono”).

 

The sale was completed pursuant to the terms of a previously disclosed Purchase Contract and Counter Offer, as amended. The sale price for the Omaopio Property was $9,600,000. All closing conditions were met by both parties, recording was completed and escrow released the net sales proceeds to the Company on May 20, 2022.

 

Neither the Company nor any of its affiliates, and neither any director or officer of the Company nor to the knowledge of the registrant any associate of any such director or officer, has any material relationship with Hoa Pono, other than in respect of the transaction.

 

 

 

 

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.