Maui Land & Pineapple Company, Inc. Announces Board Changes
December 29, 2017 at 01:00 pm EST
Share
On December 27, 2017, Duncan MacNaughton submitted his resignation as a member of the Board of Directors of Maui Land & Pineapple Company, Inc., effective as of December 31, 2017. Mr. MacNaughton has served as a member of the Board since 2004 and was serving on the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee of the Board. Mr. MacNaughton's resignation is not the result of any disagreements with the company on any of the company's operations, policies or practices. Effective January 1, 2018, the Board appointed David A. Heenan to serve on the Board to fill the vacancy created by Mr. MacNaughton's resignation. Mr. Heenan will serve as a member of the Board until the company's next annual meeting of stockholders or until a successor is elected and qualified. In addition, Mr. Heenan will be a member of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee of the Board. Mr. Heenan previously served as a member of the Board from 1999 until the Company's annual meeting in 2015, at which time he did not stand for re-election. Mr. Heenan has served as a Trustee of The Estate of James Campbell, a private trust in Honolulu, Hawaii, since 1995.
Maui Land & Pineapple Company, Inc. is engaged in planning, managing, developing, and selling, residential, resort, commercial, agricultural, and industrial real estate. The Companyâs segments include Land Development and sales, Leasing, and Resort Amenities. The Land Development and sales includes all land planning, entitlement, development, and sales activities of its landholdings on Maui. The Leasing segment operations include commercial, industrial, and agricultural leases of land and property, licensing of its registered trademarks and trade names, sales of potable and non-potable water in West and Upcountry Maui. The Resort Amenities segment is engaged in the operations of the Kapalua Club, a private, non-equity club providing its members special programs, access, and other privileges at certain amenities at the Kapalua Resort, including a 30,000 square foot full-service spa and fitness center as well as a private pool-side dining beach club.
MAUI LAND & PINEAPPLE COMPANY, INC. 