---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-052151"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:43:48.171714+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients names CFO Brandon Gall interim CEO; Donn Lux becomes chairman

## Summary
- David Bratcher steps down as CEO and resigns from board effective Dec 31, 2024; gets transition and severance benefits.
- CFO Brandon Gall appointed Interim President and CEO effective Jan 1, 2025; base salary raised to $525,000.
- Donn Lux succeeds Karen Seaberg as Chairman of the Board; Ms. Seaberg remains a director.
- Company reaffirms 2024 sales and adjusted earnings guidance; lowers capex to ~$72M from $78M.
- Brown goods environment commentary consistent with Q3 2024 call; expects Q4/full-year results in late Feb 2025.

## SEC filing metadata
- accession: 0001628280-24-052151
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000162828024052151/0001628280-24-052151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000162828024052151/mgpi-20241219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-052151
- JSON: https://secwatch.observer/filing/0001628280-24-052151.json
- Plain text: https://secwatch.observer/filing/0001628280-24-052151.txt

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