MLP Insider Buy/Sell: MAUI LAND & PINEAPPLE INC SEC Filings

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

Name and Address of Reporting Person: Haruki Warren H

Issuer Name and Ticker or Trading Symbol: MAUI LAND & PINEAPPLE CO INC [MLP]

Relationship of Reporting Person(s) to Issuer:
_X__ Director__X__ Officer (give title below)
Chairman & Interim CEO

Title of Security: Common Stock
Transaction Date: 04/05/2010
Amount: 1,630
Price: $6.24
Amount of Securities Beneficially Owned Following Reported Transaction(s): 76,360

MLP: MAUI LD & PINEAPPLE INC SEC Filings

Last pieces of Maui Pine sold at auction – The Maui News

maui-news-ad

Going, going — now it’s gone

KAHULUI – The $23 million fresh fruit processing line that three years ago was supposed to represent the new future of Maui Pineapple Co. was auctioned Tuesday for $125,000.

"It’s so specialized," said Maui Land & Pineapple Co. President Ryan Churchill, noting that there weren’t likely to be a lot of buyers for the equipment.

More than 300 bargain hunters and looky-loos crowded the Elleaire Ballroom at the Maui Beach Hotel for an all-day extravaganza of hope that kept three auctioneers chattering in relays, as many more bidders were online, following the action from around the world.

ML&P closed down its Maui Pine subsidiary at the end of last year, selling or leasing some of its land and equipment to Haliimaile Pineapple Co. But the unwanted leftovers went on the block Monday, ranging from wrecked golf carts to never-used office equipment to a generating station that could power a city of 50,000.

It was a day when the complete newbie could go head to head with the experienced auction-goer and come away a winner.

Like Becky Woods, chief executive officer of Maui Economic Concerns of the Community, which runs Ka Hale A Ke Ola and other island homeless shelters. She noticed pictures of golf carts on the front page of The Maui News on Tuesday morning and decided to check it out.

Continue reading ‘Last pieces of Maui Pine sold at auction – The Maui News’

Great American Group(R)* Contracted to Manage Auction of Excess Assets of Maui Pineapple Company

WOODLAND HILLS, CA–(Marketwire – March 15, 2010) – Great American Group, Inc. (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, announced they have been contracted to auction excess assets no longer required for the ongoing needs of Maui Pineapple Company.

The auction will take place on Tuesday, March 23rd, starting at 10:00 a.m. HT (Hawaii Time). Live simultaneous bidding will occur onsite and online. The sale will offer assets and equipment from three separate facilities and will include Processing & Cannery Equipment, Construction/Agriculture/Harvesting Machinery, Power Plant Generators, Trucks & Trailers, Facility Equipment, Machine Shop, Distribution and Warehouse Equipment, and much more! For detailed descriptions of all items available visit www.greatamerican.com or call 1-800-45GREAT.

Continue reading ‘Great American Group(R)* Contracted to Manage Auction of Excess Assets of Maui Pineapple Company’

Haliimaile Pineapple Company Ltd, Maui Gold® Pineapple For Sale Online

Haliimaile Pineapple Company is selling it’s Maui Gold® Pineapple online. This is the best tasting Pineapple in the world and is grown on Maui Hawaii. PLEASE purchase this product!!!

Please Click Here to purchase Maui Gold Pineapple.


CLICK HERE to ORDER online!!!

Maui Gold® Pineapple

We are happy to offer Maui Gold®, our sweet, 100% Maui-grown, fresh pineapple for shipment to the US mainland. Order some today for a little taste of Maui at home!

Maui Gold® Pineapple : Maui Gold® Pineapple, Haliimaile Pineapple Company Ltd

Maui Land & Pineapple loses $30.4M amid restructuring – Starbulletin

star

Maui Land & Pineapple Co., which ceased its pineapple operations late last year, reported a narrower loss in 2009′s final quarter than the same period in 2008.

The company posted a loss of $30.4 million, or $3.76 a share, compared with $70.6 million, or $8.86 a share, a year earlier.

For the full year the company lost $123.3 million, or $15.33 a share, versus a loss of $79.4 million, or $9.98 a share, in 2008.

The annual figure includes a $22.8 million loss due to the sale of the agricultural segment’s assets, employee severance and cancellation of contracts.

In November the company discontinued its 97-year-old pineapple operations, resulting in a 45 percent reduction in work force. Since then, Haliimaile Pineapple Co. started pineapple operations and bought some of its operating equipment and supplies for about $680,000.

Continue reading ‘Maui Land & Pineapple loses $30.4M amid restructuring – Starbulletin’

ML&P ends ’09 with $123.3M in losses – The Maui News

maui-news-ad

Kapalua resort bulk of company business in the fourth quarter

A much-shrunken Maui Land & Pineapple Co. finished 2009 losing $123.3 million, equivalent to $15.33 a share.

The year before, it had lost $79.4 million, or $9.98 a share.

With Maui Pineapple Co. gone and the Community Development segment almost at a standstill, in the fourth quarter the company business was mostly Kapalua resort.

The resort had revenue of $6.8 million, down from $8.5 million in the last quarter of 2008, reflecting the decline in the visitor industry. Its operating loss was $4,672,000, down from $6,621,000 the year before.

For the year, Kapalua had revenue of almost $30 million and losses of $16.1 million. Thus the resort accounted for about three-fifths of the company’s total operating revenues in 2009 of $50 million, and about 13 percent of losses.

Pineapple had continued at a low level through the end of the year, and it continued to pile up losses. The loss from discontinued operations of $24.7 million accounted for four-fifths of the $30.3 million in losses in the fourth quarter.

Since then, ML&P has sold much of its Maui Pine assets to Haliimaile Pineapple Co., run by former employees, who are attempting to revive pine cultivation, although with a market to be limited almost entirely to the islands.

Of all the losses during the year, pine made up $11 of the $15.33 per share.

Continue reading ‘ML&P ends ’09 with $123.3M in losses – The Maui News’

Aloha, Pine – Maui Magazine – March-April 2010 – Maui, Hawaii


When Maui Land & Pineapple Company stopped planting fruit last December, it looked like the end of an era—and an island way of life.

Story by Jill Engledow

CLICK HERE for a larger image of the Desecration

Pineapple was plentiful when I passed through Kahului Airport in mid-December. A Hawaiian-style Santa beckoned from colorful boxes stacked outside shops, inviting passersby to pick up some Maui Gold for the trip home. So it was a bit of a shock when, returning to Maui just after Christmas, I hit the farmers’ market and found no pineapple on display. Only days earlier, Maui Land & Pineapple Company had ceased its harvest. Though in fact pineapple was still available in some stores, its absence from the farmers’ market was a sad reminder that a crop was disappearing. Suddenly the future of agriculture on Maui looked a lot less sweet.

It’s hard to imagine Maui without pineapple: the orderly silver-green rows of spiky tops stretched across acres, the dusty laborers in sunny fields, the luscious golden fruit. How many kids paid for college by working summers in the cannery? How many generations earned a decent living growing pine, and climbed from immigrant beginnings to middle class?

Continue reading ‘Aloha, Pine – Maui Magazine – March-April 2010 – Maui, Hawaii’

Pineapple Fields are being plowed under

hawaii-agriculture-logo

Dispite the heroic efforts of Haliimaile Pineapple to resurrect the industry after Maui Land and Pineapple abandoned stewardship if their lands and their responsibility for their former employees hundreds of acres of Pineapple have been plowed under in Haiku Maui.

Despite the trauma individual pineapple plants are attempting to grow. CLICK HERE for larger image.

CLICK HERE for a larger version of this image and snapshots of verdent Haiku pineapple fields before the desecration.

Pineapple will stay on Maui. « Dcmaui’s Blog

When Maui Pineapple closed it’s doors, Haliimaile Pineapple Company opened their’s, thereby saving lots of local jobs. Cudos to the Haliimaile Pineapple Company!

The company is growing the popular Maui Gold variety of pineapple and the strategy is to focus mainly on the local market, although a small portion will be exported to the mainland.

Pineapple will stay on Maui. « Dcmaui’s Blog

Hawaii Insider : Prickly issue of vanishing pineapple


Prickly issue of vanishing pineapple

Growing sugarcane and pineapple is hard work, as generations of plantation and farm workers in Hawai’i can attest, but making money at it these days may be even harder. While conditions have improved in modern times for the islands’ fieldworkers, the competition from Third World countries — with different standards of living and labor laws — has also increased.

One of the latest large landowners to cry uncle is Maui Land & Pineapple, which announced Nov. 3 that its pineapple subsidiary — renowned for its "Maui Gold" brand — would cease production at the end of the year. Citing losses of $115 million since 2002, along with $20 million in expenses for a new packing facility, the announcement continued: "The painful decision to close pineapple operations at MPC after 97 years was incredibly difficult to make, but absolutely necessary. We realize this ends a significant chapter in Maui’s history — an important part of many lives, over many generations."

The company’s last harvest took place two days before Christmas, but just before New Year’s, a group of investors came up with a plan to continue operations on about 1,000 acres — a third of the former farm — under the name Haliimaile Pineapple.

Continue reading ‘Hawaii Insider : Prickly issue of vanishing pineapple’

Case will chair Exclusive Resorts board – Pacific Business News


Exclusive Resorts announced Tuesday that AOL co-founder Steve Case has become chairman of its board of directors.

Case also will lead a $20 million round of new equity financing for the luxury destination club.

Case, who has served on Exclusive Resorts’ board since investing in the company in 2003, acquired majority ownership in 2004.

Exclusive Resorts has more than 3,000 members and a real estate portfolio valued at more than $1 billion. The Denver-based club was founded in 2002.

Case grew up in Honolulu and graduated from Punahou School. He is the majority shareholder of Maui Land & Pineapple Co. (NYSE: MLP) and serves on its board of directors.

Case also owns Grove Farm, one of Kauai’s largest private landowners, and is chairman and CEO of Revolution, a market investment firm.

Case will chair Exclusive Resorts board – Pacific Business News (Honolulu):

Bushmania: Maui Pineapple Company

This is a sad news post, along with a little walk down memory lane.

First of all, for those of you who don’t know, I spent many summers in Hawaii growing up, while my dad worked for a group called Youth Developmental Enterprises (YDE).

YDE would bring boys from the US mainland over to pick pineapples in Hawaii, on Lanai at first, and then on to Maui. Initially, YDE worked with Dole, but later began working with Maui Pineapple Company, now known as Maui Land & Pineapple.

My mom heard a rumor that Maui Pineapple Company was shutting down at the beginning of 2010! Just an FYI – YDE stopped working with them several years ago.


CLICK HERE for larger image

Continue reading ‘Bushmania: Maui Pineapple Company’

Community Pineapple Harvest—Volunteers Needed


Community Pineapple Harvest—Volunteers Needed


Pineapples are ripening in the former Maui Land & Pineapple Company fields but, due to layoffs, are going unharvested. The new owners, Haliimaile Pineapple Company has offered to let volunteers for Maui non-profit Waste Not Want Not pick the fruit for the Maui community. The crop will be distributed to the Maui Food Bank and other community service organizations.

Volunteers are needed to pick the pineapples for 3 hours on Mondays and Thursdays. To volunteer, Call James Mylenek at 874-8038 or email him at james@wastenotwantnot.org or go to the Waste Not Want Not website and click on Volunteer tab. James will then contact you with details about dates, times and locations.

Maui Land and Pineapple went out of business, Haliimaile Pineapple Company organization has hired back 65 workers but doesn’t have enough staff to pick the ripe pineapples. Instead of plowing under, agreed to let volunteers pick the fruit.

Waste Not Want Not gathers fruits and vegetables that would otherwise go unharvested and delivers them to food banks and other places that serve meals to the hungry. You can also help them win $250,000 to get unused fruit from the backyards of Hawai’i to the needy in the ‘Pepsi Refresh Project’.

Community Pineapple Harvest—Volunteers Needed

ML&P names Churchill president and COO – Pacific Business News


Maui Land & Pineapple Co. has named Ryan L. Churchill president and chief operating officer of the Kahului-based company.

Churchill, who has served as senior vice president of corporate development since 2007, will be responsible for day-to-day operations of ML&P (NYSE:MLP) and its operating divisions of Kapalua Land Co. Ltd., Community Development and Asset Management.

In his previous role in corporate development, he was responsible for executing the company’s strategic transactions and managing its real estate holdings and development projects.

Churchill, who joined ML&P in 2000, also has served as vice president of community development, vice president of planning for the company’s resort segment, Kapalua Land Co., and as development manager.

“Ryan has a proven leadership record on a number of key projects for the company,” ML&P Chairman and interim CEO Warren H. Haruki said in a prepared statement. “His keen management skills, his ability to work effectively with others, and his deep sense of commitment to our community make him a solid choice for this key executive position.”

Before joining ML&P, Churchill worked for KPMG LLP in Honolulu and with Fieldstone Communities, a home builder in southern California.

The Kailua native is a graduate of the University of Arizona in Tucson and holds an MBA from the University of California, Irvine.

ML&P names Churchill president and COO – Pacific Business News (Honolulu):

Latest Classifieds