Cadiz Inc 8-K, filed Apr 20, 2022
Cadiz Inc (CDZIP)
8-K
2022-04-20
For: 2022-04-14
View Original
Added on
April 06, 2026
About this 8-K
Cadiz Inc filed this 8-K on April 20, 2022, reporting on events of April 14, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
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): April 14, 2022
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Registrant’s telephone number, including area code: (213) 271-1600
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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):
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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).
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) On April 14, 2022, the Cadiz Inc. (the “Company”) Board of Directors (the “Board”) appointed Kenneth T. Lombard as a new member of the Board, filling an existing vacancy on the Board and expanding the Board’s size to 9 members.
Mr. Lombard’s three-decade professional career includes extensive experience in management, business development, investment banking, economic development, corporate expansion, and real estate investment. He is best-known for co-founding with Earvin “Magic” Johnson the Johnson Development Corporation, which has created a legacy of economic improvement in underserved communities of color in 65 cities and 17 states. From 1992 - 2004, Mr. Lombard served as President and Partner of Johnson Development Corporation.
Mr. Lombard is presently President & CEO of BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing. He joined BRIDGE in November 2021. Previously, from 2018-2021, Mr. Lombard held positions at Seritage Growth Properties (NYSE: SRG), most recently as Special Advisor, and previously as Seritage’s EVP and COO. Earlier, from 2016-2018, Mr. Lombard was President, Vice Chairman and Partner of MacFarlane Partners, an investment management firm that acquires, develops, and manages real estate assets on behalf of pensions and institutional investors. From 2009-2016, Mr. Lombard served as head of investments for Capri Capital Partners, and President of the Capri Urban Fund, which has invested over $1 billion in commercial, residential, and mixed-use development, redevelopment, and repositioning projects in densely populated urban markets of the U.S. From 2004 to 2008, Mr. Lombard served as President of Starbucks Entertainment.
In addition to his professional career, Mr. Lombard has held several public service roles on public agency boards and commissions, including the Los Angeles Fire Department Commission, the Los Angeles Charter Reform Commission, the Los Angeles Department of Water and Power Board of Commissioners, and the Metropolitan Water District of Southern California Board of Directors, among others.
Concurrently with his appointment to the Board, Mr. Lombard was also appointed to the Board’s Audit and Risk Committee.
Mr. Lombard has initially been appointed as a director for a term expiring at the Company's 2022 Annual Meeting of Stockholders (the “2022 Meeting”) and will stand for re-election as a director at the 2022 Meeting.
Mr. Lombard will be compensated for his service as a director in accordance with the Company's Director Compensation Policy, as described in the Company’s most recent Proxy Statement for its Annual Meeting of Stockholders held on June 17, 2021, as filed with the Securities and Exchange Commission on April 28, 2021.
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.
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CADIZ INC.
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By:
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/s/ Stanley E. Speer
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Stanley E. Speer
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Chief Financial Officer
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Date: April 20, 2022