{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-036200","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.125421+00:00","generated_at":"2026-06-09T01:23:28.987235+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"MGP Ingredients Q3 sales up 5% to $211.6M; CEO Colo to retire, Bratcher named successor","bullets":["Q3 sales $211.6M (+5% YoY); gross profit $73.4M (+24%); adjusted diluted EPS $1.34 vs $1.06 YoY.","Full-year guidance raised: sales $815-835M, adjusted EBITDA $192-197M, adjusted basic EPS $5.50-5.65.","CEO David Colo to retire Dec 31, 2023; David Bratcher (COO) becomes CEO and President Jan 1, 2024.","Bratcher's base salary $625k, target STI 100%, LTI 170% of base; Colo to advise through April 2024.","Impairment/one-time costs of $18.3M from planned Atchison closure; contingent consideration $4.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-036200","json":"https://secwatch.observer/filing/0001628280-23-036200.json","markdown":"https://secwatch.observer/filing/0001628280-23-036200.md","text":"https://secwatch.observer/filing/0001628280-23-036200.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000162828023036200/0001628280-23-036200-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000162828023036200/mgpi-20231029.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T01:23:28.987235+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6d113ffe8dd2c369dddaec683190e89337e9b482","claim":"MGP INGREDIENTS INC reported the third quarter ended September 30, 2023 results: revenue $211.6 million, net income $13.1 million, EPS $0.59 per share. Guidance raised.","evidence_excerpt":"solutions, today reported results for the third quarter ended September 30, 2023. 2023 third quarter consolidated results compared to 2022 third quarter: • Sales increased 5% to $211.6 million. • Gross profit increased 24% to $73.4 million, representing 34.7% of sales. • Operating income decreased 41% to $19.8 million and net income decreased 45% to $13.1 million,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828023036200/0001628280-23-036200-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$211.6 million"},{"label":"Net income","value":"$13.1 million"},{"label":"EPS","value":"$0.59 per share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3c62041e28","claim":"David S. Bratcher was elected as Director at MGP INGREDIENTS INC.","evidence_excerpt":"The Company will seek to have Mr. Bratcher elected as a Class B director of the Company effective January 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828023036200/0001628280-23-036200-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}