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united states
Securities and Exchange Commission
 
Washington, D. C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): 
June 12, 2025
 
Cadiz Inc.
(Exact Name of Registrant as Specified in its Charter)
 
Delaware
  
0-12114
  
77-0313235
(State or Other Jurisdiction
of Incorporation)
  
(Commission File Number)
  
(IRS Employer
Identification No.)
 
550 S. Hope Street, Suite 2850
Los Angeles, California
  
90071
(Address of Principal Executive Offices)
  
(Zip Code)
 
Registrant’s telephone number, including area code: (213) 271-1600
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
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 (see General Instruction A.2. below):
 
☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
 
Title of each class
  
 
Trading Symbol(s)
  
Name of each exchange
on which registered
 
Common Stock, par value $0.01 per share
  
 
CDZI
  
 
The NASDAQ Global Market
 
Depositary Shares (each representing a 1/1000th fractional interest in share of 8.875% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share)
 
  
 
CDZIP
  
 
The NASDAQ Global Market
 
 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.  ☐
 
 
 
Item 5.07    Submission of Matters to a Vote of Security Holders
 
On June 12, 2025, the Company held its 2025 Annual Meeting of Stockholders.  The number of shares present virtually or represented by proxy and entitled to vote at said meeting was 57,788,025.
 
 
i.
The following directors were elected at the meeting:
 
NOMINEE
VOTES FOR
VOTES WITHHELD
BROKER
NON-VOTES
Stephen E. Courter
49,387,304
323,873
8,076,848
Maria Dreyfus
49,535,108
176,069
8,076,848
Maria Echaveste
49,481,267
229,910
8,076,848
Winston Hickox
49,184,431
526,746
8,076,848
Susan Kennedy
49,614,548
 96,629
8,076,848
Barbara A. Lloyd
49,399,548
311,629
8,076,848
Kenneth T. Lombard
49,540,598
170,579
8,076,848
Richard Polanco
49,365,328
345,849
8,076,848
 
 
 
ii.
The amendment to the Cadiz Inc. 2019 Equity Incentive Plan, as amended (“Plan”), to increase the total number of shares reserved for issuance under the Plan was approved by the following vote:
 
 
VOTES
FOR:
47,480,407
AGAINST:
2,201,294
ABSTAIN:
29,476
BROKER NON-VOTES:
8,076,848
 
 
 
iii.
PricewaterhouseCoopers LLP was approved as the Company’s independent auditors for the fiscal year 2025 by the following vote:
 
 
VOTES
FOR:
57,688,243
AGAINST:
88,787
ABSTAIN:
10,995
 
 
 
iv.
The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, by the following vote:
 
 
VOTES
FOR:
44,879,252
AGAINST:
4,813,993
ABSTAIN:
17,932
BROKER NON-VOTES:
8,076,848
 
 
Item 9.01         Financial Statements and Exhibits
 
(d) Exhibits
 
     
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
CADIZ INC.
     
 
By:
/s/ Stanley E. Speer
   
Stanley E. Speer
   
Chief Financial Officer
 
Date:  June 13, 2025
 
 
 
 
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