On December 31, 2015, due to continuing and significant operating losses stemming from low sugar prices and poor production levels, Alexander & Baldwin, Inc. (the "Company" or "A&B") determined it would cease the cultivation and production of raw and specialty sugar at its Hawaiian Commercial & Sugar Company (“HC&S”) division on Maui. The cessation of sugar operations (the “Cessation”) is expected to result in the eventual layoff of approximately 670 employees on Maui.