Mary Molina
About Mary Molina
Mary Molina is Alico’s Chief Administration Officer (since November 2024) and also serves as Corporate Secretary, overseeing corporate administrative functions and shareholder-facing governance processes; she is 47 years old and has served in administrative roles at Alico since 2011 . During FY2022–FY2024, company performance (context for incentive alignment) showed cumulative TSR values equivalent to $87, $78, and $88 on a $100 base and net income of $11.886m, $1.658m, and $6.355m, respectively . In January 2025, Alico announced a strategic shift to wind down its citrus operations and focus on diversified land use and real estate, a major transformation with workforce implications that heighten retention and execution risk across the management bench . As Corporate Secretary, Ms. Molina is the designated shareholder contact for proxy revocations, proposals, and annual meeting logistics, evidencing direct responsibility for governance process integrity .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Alico, Inc. | Chief Administration Officer; Corporate Secretary | Nov 2024–Present | Governance and corporate administration leadership; Corporate Secretary of record for proxy/meeting materials |
| Alico, Inc. | Director of Administration | Jan 2022–Nov 2024 | N/A—Not disclosed in proxy |
| Alico, Inc. | Project and Administrative Manager | May 2011–Nov 2024 | N/A—Not disclosed in proxy |
External Roles
- No external directorships or outside roles for Ms. Molina are disclosed in the Executive Officers section of the 2025 DEF 14A .
Fixed Compensation
- Ms. Molina is not a named executive officer (NEO); individual base salary and bonus details are not presented in the Summary Compensation Table, which covers the CEO, CFO, and President of Citrus .
Performance Compensation
- Ms. Molina-specific incentive metrics, weighting, targets, and payouts are not disclosed; only NEO incentives are detailed (e.g., CEO program) .
- Company incentive design (context applicable to officers):
- Eligibility: officers, employees, directors, and consultants may receive equity awards under the Amended and Restated Stock Incentive Plan of 2015 .
- Permitted performance goals include a broad set (e.g., revenues, earnings, cash flow, ROI, TSR), allowing pay-performance alignment across outcomes .
- Vesting norms: options/SARs generally may not vest before the first anniversary of grant, which tempers near‑term selling pressure from immediate vesting .
- Change-in-control: double-trigger standard if replacement awards are provided; otherwise single‑trigger acceleration applies with performance awards deemed earned at target or actual achievement, pro‑rated to the event date .
- Repricing prohibitions: options/SARs cannot be repriced without shareholder approval, reducing governance risk .
- Clawback: the company adopted an SEC/Nasdaq-compliant recovery policy for erroneously awarded incentive compensation .
- Capacity: as of Jan 3, 2025, 1,084,412 shares remained available for issuance and 84,750 shares were underlying outstanding awards (maximum performance basis), supporting continued use of equity compensation .
Equity Ownership & Alignment
| Topic | Details |
|---|---|
| Beneficial ownership | The proxy discloses individual holdings for directors and NEOs; Ms. Molina is not listed individually (not a director/NEO), and her personal ownership is not disclosed . |
| Stock ownership guidelines | CEO must hold at least $250,000 of stock; directors at least $200,000 (with phase-in rules), aligning top leadership with shareholders . |
| Insider trading policy | Company-wide insider trading compliance policy governs purchases and sales of Alico securities for directors, officers, and employees . |
| Anti-hedging policy | Prohibits hedging transactions (e.g., collars, equity swaps), preserving alignment with long-term stock performance . |
| Equity plan structure | Officers are eligible for options, RSUs, PSUs, and other stock-based awards with long-term horizons and change-in-control protections . |
Employment Terms
- The proxy details employment and bonus agreements (including severance and change‑in‑control provisions) for certain NEOs (CEO and CFO) and an offer letter for the President of Citrus; no individual employment agreement for Ms. Molina is described in the filing .
- As Corporate Secretary, Ms. Molina is the point of contact for shareholder proposals and meeting formalities, reinforcing a governance-facing role within her CAO remit .
Performance & Track Record (Context)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Value of $100 Investment (TSR) | $87 | $78 | $88 |
| Net Income ($000s) | $11,886 | $1,658 | $6,355 |
- Strategic transformation: on Jan 6, 2025, Alico announced it would wind down Alico Citrus and pivot toward diversified land use and real estate, including workforce reductions and potential third‑party caretaking of certain acres; this elevates organizational execution demands and retention risk across functions supporting the transition .
- Management transitions: the President of Alico Citrus submitted his resignation effective Aug 1, 2025, reflecting ongoing leadership changes tied to this strategic evolution .
- Say‑on‑pay: in 2024, approximately 60% of votes cast supported executive compensation when broker non‑votes are treated as against under bylaw standards; excluding broker non‑votes yields ~90% support—both data points inform investor tolerance for current pay design .
Risk Indicators & Red Flags (Governance/Compensation)
- Anti‑hedging policy and no-repricing provision support shareholder‑friendly governance; a formal clawback policy is in place, reducing incentive for excessive risk-taking and enabling recoupment upon restatements .
- The equity plan retains double‑trigger vesting in change‑in‑control scenarios when replacement awards are issued, mitigating windfalls absent job loss .
- Strategic transformation and operating leadership turnover increase retention and execution risks, making administrative continuity and governance process discipline (areas under CAO/Corporate Secretary) important to value preservation during transition .
Expertise & Qualifications
- Credentials: Certificates in Human Resource Management and Compensation & Benefits from Florida Atlantic University; governance experience via Corporate Secretary responsibilities noted throughout the proxy .
- Tenure and institutional knowledge: service at Alico since 2011 across administrative roles culminating in CAO appointment in 2024 .
Investment Implications
- Alignment: While Ms. Molina’s individual equity ownership and pay mix are not disclosed (not a NEO), company‑wide anti‑hedging, clawback, no‑repricing, and double‑trigger change‑in‑control features indicate a governance framework supportive of long‑term alignment for officers eligible under the plan .
- Retention risk: The citrus wind‑down and leadership changes raise organizational risk; continuity in administrative and governance functions under the CAO/Corporate Secretary role is a stabilizer but may face elevated workload and talent retention challenges during execution of the land/real estate pivot .
- Trading signals: Absent Form 4 data or individual award disclosures for Ms. Molina, there are no direct insider‑selling/vesting timing signals specific to her; any pressure from equity vesting would stem from company‑wide award practices (e.g., one‑year minimum vesting on options/SARs), not individual grants disclosed in the proxy .
- Pay-for-performance oversight: Mixed but adequate investor support for pay (60% with broker non‑votes; ~90% excluding) and the use of broad performance metrics under the plan suggest ongoing scrutiny but acceptable latitude for the board to refine incentives during strategic transition—areas where administrative governance under the Corporate Secretary can facilitate investor engagement .