Alexander & Baldwin (ALEX) Proxy Filing summary

Executive summary

• A merger agreement was entered into on December 8, 2025, for the company to merge with and into a wholly owned subsidiary of Tropic Purchaser LLC, ceasing its separate existence and becoming a subsidiary of Parent.

• The surviving entity will be renamed "Alexander & Baldwin Holdings, LLC" as agreed by both parties.

• A special shareholder meeting is scheduled for March 9, 2026, to vote on the merger proposal.

• Forward-looking statements highlight risks such as completion uncertainty, litigation, business disruption, and potential termination fees.

Voting matters and shareholder proposals

• Shareholders are asked to approve the merger agreement at a special meeting held virtually on March 9, 2026.

• Proxy materials and the definitive proxy statement have been mailed to shareholders and are available online.

Board of directors and corporate governance

• Certain directors and executive officers may be deemed participants in the proxy solicitation for the merger.

• Information on the interests of directors and officers in the merger is available in the proxy statement.