secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2021-10-04T23:59:59+00:00
Accession:  0001628280-21-019539
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGP files Luxco Q1 2021 financials: net loss of $2.6M on $9M merger costs
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- Luxco net loss of $2.617M for Q1 2021 vs net income of $5.634M in Q1 2020.
- Operating loss of $1.558M vs operating income of $6.457M; net sales up to $44.370M.
- Transaction-related professional fees and bonuses of ~$9M and $10M prepaid expenses recognized in Q1 2021.
- Unaudited pro forma combined financials for MGP and Luxco filed for Q1 2021 and YTD June 30, 2021.
- Acquisition closed April 1, 2021; historical results reflect pre-merger Luxco standalone.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828021019539/0001628280-21-019539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828021019539/mgpi-20211004.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-019539

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