form8k.htm
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):
October 4, 2010


Cadiz Inc.
(Exact name of Registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

0-12114
77-0313235
(Commission File Number)
(IRS Employer Identification No.)

550 South Hope Street, Suite 2850, Los Angeles, California
90071
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code: (213) 271-1600

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:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
 
Item 1.01    Entry into a Material Definitive Agreement
 
    Suburban Water Systems (“Suburban”) has executed an Option Agreement with Cadiz Inc. to acquire conserved water and related storage capacity in the Cadiz Water Conservation & Storage Project (“Project”).  The agreement, which was executed on October 4, 2010, commits funds to the environmental review and also provides Suburban with options to acquire both a firm annual supply of water conserved by the Project and storage rights in the Project once the environmental review is complete.  Pursuant to the agreement, Suburban has the right to acquire an annual supply of 5,000 acre-feet of water at a pre-determined formula competitive with its incremental cost of new water.  The pricing for storage, also set out in the agreement, is based on volume and class of delivery acquired. A copy of the agreement is attached hereto as Exhibit 10.1, and is hereby incorporated by reference.
 
 
Item 8.01    Other Events
 
    On October 4, 2010, Cadiz Inc. (“the Company”) issued a press release announcing that the Company has entered into an Option Agreement with Suburban Water Systems as described above in Item 1.01 of this Form 8-K.  A copy of the press release is attached hereto as Exhibit 99.1.
 
 
Item 9.01    Financial Statement and Exhibits
 
    (d)  Exhibits
 
 
    10.1 Option Agreement with Suburban Water Systems dated October 4, 2010
 
 
 
    99.1 Press Release dated October 4, 2010
 

 
 
 
 
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.
 
 
Cadiz Inc.
 
By:
/s/ Timothy J. Shaheen
  
  Timothy J. Shaheen   
  Chief Financial Officer   
            
 
Dated:  October 7, 2010