secwatch.observer — SEC 8-K summary
======================================

Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001213900-24-024519
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390024024519/0001213900-24-024519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390024024519/ea0202247-8k_alto.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-024519

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