ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 4, 2012, Alico, Inc., an agriculture and rural land management company, announced that its wholly-owned subsidiary, Alico Land Development, Inc. (the "Company"), reached an agreement to cease employment with its President, Donald Schrotenboer, on September 30, 2012. The Company and Mr. Schrotenboer entered into a Separation Agreement (the "Separation Agreement") regarding the terms of his departure from the Company. The Separation Agreement confirms that in exchange of mutually valuable consideration, Mr. Schrotenboer will receive the following:

(a) a severance payment equal to nine months' severance of $168,750 payable in lump sum on October 1, 2012;

(b) Effective October 1, 2012, the Company agrees that it will pay Mr. Schrotenboer a consulting fee of $150 per hour for any consulting services that Mr. Schrotenboer provides the Company post-termination;

(c) All shares contingently awarded under the Long Term Incentive Program terminate.

ITEM 9.01 Financial Statements and Exhibits

Exhibit No. Description Exhibit 99.1 Press release, dated September 4, 2012.