Alexander & Baldwin supplemented its definitive proxy to add disclosures about shareholder lawsuits and to provide management financial projections.
Key Highlights:
Filed supplemental disclosures to the Jan. 23 definitive proxy ahead of Mar. 9 special meeting to approve the merger with Tropic Merger Sub.As of Feb. 24, four shareholder complaints and 16 demand letters allege disclosure deficiencies and seek injunctive relief or damages.Company denies allegations but supplemented proxy to minimize litigation burden, avoid delays and provide additional information.Management projections disclosed: 2026–2030 FFO per share rising from $1.46 to $1.59 and AFFO per share from $1.31 to $1.26 (2026–2030 listed).
Original SEC Filing: Alexander & Baldwin, Inc. [ ALEX ] – 8-K – Feb. 25, 2026
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