Alto Ingredients names Todd E. Benton COO; Kandris resigns as interim COO, retiring June 20

Alto Ingredients, Inc.

Michael D. Kandris resigns as Interim COO effective April 1, 2024; will retire on June 20, 2024; severance benefits removed via amendment.
Todd E. Benton appointed COO effective April 1, 2024; previously VP of Operations with 30 years in corn wet milling and ethanol.
Benton's base salary set at $350,000; eligible for short-term incentive target of 60% of base and long-term incentive target of $333,000.
Upon termination without cause or resignation for good reason, Benton receives 12 months base plus 100% STI; 24 months plus 200% STI in a change of control.

item 5.02 item 9.01

Executive movements

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Appointed

Todd E. Benton

Chief Operating Officer

ALTO · Alto Ingredients, Inc.

Effective: 2024-04-01
Filed: March 21, 2024, 7:59 PM ET

the Board appointed Todd E. Benton, effective as of April 1, 2024, to serve as the Chief Operating Officer of the Company.

Departed (interim)

Michael D. Kandris

Interim Chief Operating Officer

ALTO · Alto Ingredients, Inc.

Effective: 2024-04-01
Successor: Todd E. Benton
Filed: March 21, 2024, 7:59 PM ET

Michael D. Kandris advised Alto Ingredients, Inc. (the “Company”) that he will resign from his position as Interim Chief Operating Officer of the Company effective as of April 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd E. Benton was appointed as Chief Operating Officer at Alto Ingredients, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

the Board appointed Todd E. Benton, effective as of April 1, 2024, to serve as the Chief Operating Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael D. Kandris resigned as Interim Chief Operating Officer at Alto Ingredients, Inc..

Action: resigned
Role: Interim Chief Operating Officer

Exact text from the filing

Michael D. Kandris advised Alto Ingredients, Inc. (the “Company”) that he will resign from his position as Interim Chief Operating Officer of the Company effective as of April 1, 2024.

View on SEC.gov

Alto Ingredients, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-024519

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