---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-032304"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T02:13:49.256164+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients modifies RSU agreements: lowers retirement age to 60, adds dual-trigger CIC vesting

## Summary
- Retirement redefined as age 60 with 5 years of service (previously age 65, no service requirement).
- Change-in-control vesting now requires termination without Cause or resignation for Good Reason within 18 months (dual trigger).
- New pro-rata vesting over 3 years introduced for awards starting 2024; 2023 grants retain 3-year cliff vesting.
- Steve Glaser's outstanding RSUs affected by the amended Retirement definition.
- Two new RSU award agreement forms adopted: cliff vesting and pro-rata vesting.

## SEC filing metadata
- accession: 0001628280-22-032304
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000162828022032304/0001628280-22-032304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000162828022032304/mgpi-20221214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-032304
- JSON: https://secwatch.observer/filing/0001628280-22-032304.json
- Plain text: https://secwatch.observer/filing/0001628280-22-032304.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.