leadership
confidence high
sentiment neutral
materiality 0.60
MGP Ingredients Chief Legal Officer Curtis Landherr resigns; transition period through May 31, 2024
MGP INGREDIENTS INC
- Curtis Landherr, Chief Legal Officer, VP, and Corporate Secretary, resigns effective May 31, 2024; officer roles end April 30.
- Company enters transition agreement providing one year base salary ($442K), pro-rated STI, relocation expenses up to $103,500, and $70K lump sum.
- Landherr will stay as non-officer employee through May 31 to assist transition; company begins search for successor general counsel.