# CADIZ INC (CDZIP) — management_change/cfo [announced]
Source: SEC API (secapi.ai) · situation sit_e272a6c223826b331a7d · retrieved 2026-08-11T15:54:49.311Z

## Overview
Cadiz Inc. is a water solutions and natural resources company developing long-term water supply, storage, conveyance and treatment solutions for communities, businesses, farmers and public agencies across the Southwest.

Cadiz Inc. announced a CFO succession plan on July 27, 2026. Stanley E. Speer will retire as Chief Financial Officer effective September 1, 2026, after which he will serve as an advisor through December 31, 2026, at $10,000 per month. Jacinto J. Hernandez was appointed Executive Vice President of Finance effective immediately and will become CFO on the CFO Transition Date. Hernandez will receive a $400,000 annual base salary, a target annual cash bonus of 100% of base salary, and inducement equity awards of 800,000 RSUs (200,000 vesting upon grant, 600,000 vesting quarterly over three years) and 800,000 PSUs vesting upon achievement of specified stock price hurdles ($6, $8, $10, and $12 per share).

## Key dates
- Announced 2026-07-27 · Expiry 2026-12-31 · Expected close 2026-09-01

## Timeline
- 2026-07-27 · 8-K (0001213900-26-081581): 8-K - CADIZ INC — *Cadiz Inc. is a water solutions and natural resources company developing long-term water supply, storage, conveyance and treatment solutions for communities, businesses, farmers and public agencies across the Southwest.* Cadiz Inc. announced a CFO succession plan on July 27, 2026. Stanley E. Speer will retire as Chief Financial Officer effective September 1, 2026, after which he will serve as an advisor through December 31, 2026, at $10,000 per month. Jacinto J. Hernandez was appointed Executive Vice President of Finance effective immediately and will become CFO on the CFO Transition Date. Hernandez will receive a $400,000 annual base salary, a target annual cash bonus of 100% of base salary, and inducement equity awards of 800,000 RSUs (200,000 vesting upon grant, 600,000 vesting quarterly over three years) and 800,000 PSUs vesting upon achievement of specified stock price hurdles ($6, $8, $10, and $12 per share).
  https://www.sec.gov/Archives/edgar/data/727273/0001213900-26-081581.txt

## Citations
- 0001213900-26-081581 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026081581