secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001213900-23-078075
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alto Ingredients amends employment terms for CEO ($525k base), CFO ($325k), and Interim COO ($528k)
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- CEO Bryon McGregor: $525k base salary (retro to Aug 1), 70% STI target, $700k LTI target, 150k shares vesting 2024-2026.
- CFO Robert Olander: $325k base salary (retro to Aug 1), 50% STI target, $250k LTI target, 58.5k shares vesting 2024-2026.
- Interim COO Michael Kandris: $528k base salary, 70% STI target; employment auto-terminates July 31, 2024 if not earlier ended.
- Non-CIC severance: CEO gets 18 months base + 150% STI; CFO/COO get 12 months base + 100% STI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390023078075/0001213900-23-078075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390023078075/ea185466-8k_altoing.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-078075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer