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MGP INGREDIENTS INC — fact timeline

Source-grounded facts extracted from MGP INGREDIENTS INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MGPI MGP INGREDIENTS INC JSON
Shareholder Votes

MGP INGREDIENTS INC shareholders approved Approval of MGP Ingredients, Inc. Amended and Restated 2024 Equity Incentive Plan at the 2026-05-13 meeting.

“4. The Company’s stockholders approved the MGP Ingredients, Inc. Amended and Restated 2024 Equity Incentive Plan. Class For Against Abstain Broker Non-Votes Common Stock 14,941,514 2,889,928 39,350 1,819,502 Preferred Stock 297 0 0 0”
Shareholder Votes

MGP INGREDIENTS INC shareholders approved Advisory approval of named executive officer compensation at the 2026-05-13 meeting.

“3. The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers. Class For Against Abstain Broker Non-Votes Common Stock 17,445,929 414,784 10,079 1,819,502 Preferred Stock 297 0 0 0”
Shareholder Votes

MGP INGREDIENTS INC shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for 2026 at the 2026-05-13 meeting.

“2. The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2026. Class For Against Abstain Broker Non-Votes Common Stock 19,483,305 204,226 2,763 0 Preferred Stock 297 0 0 0”
Shareholder Votes

MGP INGREDIENTS INC shareholders approved Election of Group B directors by preferred stockholders at the 2026-05-13 meeting.

“(ii) The individuals listed below were elected by holders of the Company’s preferred stock to serve as Group B directors. Director For Withheld Broker Non-Votes Gerardo I. Lopez 297 0 0 Jennifer Lowry 297 0 0 Lori L.S. Mingus 297 0 0 Mercedes Romero 297 0 0 Martin Roper 297 0 0”
Shareholder Votes

MGP INGREDIENTS INC shareholders approved Election of Group A directors by common stockholders at the 2026-05-13 meeting.

“1. Election of directors. (i) The individuals listed below were elected by holders of the Company’s common stock to serve as Group A directors. Director For Against Abstain Broker Non-Votes Julie M. Francis 17,755,590 110,768 4,434 1,819,502 Thomas A. Gerke 15,405,273 2,456,303 9,216 1,819,502 Donn Lux 16,860,391 1,006,178 4,223 1,819,502 Todd B. Siwak 14,705,442 3,157,076 8,274 1,819,502”
Earnings Releases

MGP INGREDIENTS INC reported the first quarter ended March 31, 2026 results: revenue $106.4 million, net income $3.3 million, EPS $0.15 per share. Guidance reaffirmed.

“growth, taking decisive actions, and executing with discipline.” First Quarter 2026 Financial Highlights Compared to First Quarter 2025: • Consolidated sales decreased 13% to $106.4 million. • Consolidated gross profit decreased 22% to $33.6 million. Gross margin decreased by 400 basis points to 31.6%. • Net income decreased to a loss of $134.8 million, primarily”
Governance Changes

MGP INGREDIENTS INC: Board approved further amendment and restatement of Amended and Restated Bylaws, effective immediately; changes include permitting common stockholders to fill Group A director vacancies, allowing preferred stockholders to fill Group B director vacancies via written action, and other clarifying chang (effective 2025-12-11).

“On December 11, 2025, the Board approved the further amendment and restatement of the Company’s Amended and Restated Bylaws (as so amended and restated, the “Amended and Restated Bylaws”), effective immediately.”

Preet H. Michelson resigned as Group B member of the Board of Directors at MGP INGREDIENTS INC.

“In addition, Preet H. Michelson resigned as a Group B member of the Board, effective April 14, 2025.”

Martin Roper was elected as Group B member of the Board of Directors at MGP INGREDIENTS INC.

“On April 14, 2025, Gerardo I. Lopez and Martin Roper were elected as Group B members of the Board of Directors (the “Board”) of MGP Ingredients, Inc.”

Gerardo I. Lopez was elected as Group B member of the Board of Directors at MGP INGREDIENTS INC.

“On April 14, 2025, Gerardo I. Lopez and Martin Roper were elected as Group B members of the Board of Directors (the “Board”) of MGP Ingredients, Inc.”
Earnings Releases

MGP INGREDIENTS INC reported first quarter ended March 31, 2024 results: revenue $170.6 million, net income $20.6 million, EPS $0.92 per share. Guidance reaffirmed.

“the first quarter ended March 31, 2024. 2024 first quarter consolidated results compared to 2023 first quarter: • Due to the Atchison distillery closure, sales decreased 15% to $170.6 million. Excluding the impact of the Atchison distillery in both periods, consolidated sales were in line with the prior year period. • As expected, gross profit decreased 10% to $62.8”

Curtis C. Landherr resigned as Chief Legal Officer, Vice President, and Corporate Secretary at MGP INGREDIENTS INC.

“On April 22, 2024, Curtis C. Landherr, the Chief Legal Officer, Vice President, and Corporate Secretary and a named executive officer of MGP Ingredients, Inc. (the “Company”) notified the Company that he is resigning from the Company, effective May 31, 2024.”
Earnings Releases

MGP INGREDIENTS INC updated its the fourth quarter and full year ended December 31, 2023 guidance (initiated).

“On February 22, 2024, MGP Ingredients, Inc. (the “Company”) issued a Press Release relating to financial results for the fourth quarter and full year 2023, which ended December 31, 2023. A copy of the press release is being furnished as Exhibit 99.1 and is incorporated herein by reference.”

Stephen J. Glaser departed as Vice President of Production and Engineering at MGP INGREDIENTS INC.

“On January 12, 2024, Stephen J. Glaser, Vice President of Production and Engineering and a named executive officer of MGP Ingredients, Inc. (the “Company”), notified the Company that he will be retiring from his position effective July 31, 2024.”

David S. Bratcher was appointed as Chief Executive Officer and President at MGP INGREDIENTS INC.

“Mr. Bratcher was also appointed to serve as the Company’s Chief Executive Officer and President, effective January 1, 2024”

David S. Bratcher was elected as Group B member of the Board of Directors at MGP INGREDIENTS INC.

“David S. Bratcher was elected as a Group B member of the Board of Directors (the “Board”) of MGP Ingredients, Inc. (the “Company”), effective January 1, 2024”
Earnings Releases

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.

“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,”

David S. Bratcher was elected as Director at MGP INGREDIENTS INC.

“The Company will seek to have Mr. Bratcher elected as a Class B director of the Company effective January 1, 2024.”
Material Agreements

MGP INGREDIENTS INC amended Fifth Amendment to Note Purchase and Private Shelf Agreement with PGIM, Inc. and certain of its affiliates valued at increased from $140 million ... to $250 million (effective 2023-08-31).

“On August 31, 2023, MGP Ingredients, Inc. (the “Company”) entered into a Fifth Amendment to Note Purchase and Private Shelf Agreement (the “Fifth Amendment”) among the Company, PGIM, Inc. and certain of its affiliates as noteholders.”
Earnings Releases

MGP INGREDIENTS INC reported fiscal 2023 results: revenue $815 million to $835 million, EPS $5.35 to $5.50. Guidance raised.

“MGP is offering the following revised consolidated guidance for fiscal 2023: • Sales are projected to be in the range of $815 million to $835 million. • Adjusted EBITDA is expected to be in the range of $187 million to $192 million. • Adjusted basic EPS is forecasted to be in the $5.35 to $5.50 range, with basic weighted average shares outstanding expected to be approximately 22.1 million at year end.”
Earnings Releases

MGP INGREDIENTS INC reported second quarter ended June 30, 2023 results: EPS $1.44 per share.

“Consolidated sales increased 7% to a quarterly record of $209.0 million; Net income and adjusted EBITDA increased 26% and 28%, respectively”
Restructurings & Charges

MGP INGREDIENTS INC announced a restructuring with charges of approximately $23.0 to $31.0 million affecting Distilling Solutions segment (Atchison Distillery).

“On July 12, 2023, the Board of Directors of MGP Ingredients, Inc. (the “Company”) approved the decision to close the Company’s distillery located in Atchison, Kansas (the “Atchison Distillery”). The anticipated closure date is January 2024. The decision to close the Atchison Distillery is consistent with the Company’s plan to address profitability headwinds associated with its white goods and industrial alcohol products within its Distilling Solutions segment. The Company currently expects to incur one-time aggregate pre-tax charges of approximately $23.0 to $31.0 million in fiscal year 2023 in connection with the closure of the Atchison Distillery.”
Shareholder Votes

MGP INGREDIENTS INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-25 meeting.

“4. The Company’s stockholders voted, on an advisory basis, on the frequency of future advisory votes on the compensation of the Company’s named executive officers. A majority of stockholders voted for “1 Year.” Class 1 Year 2 Years 3 Years Abstain Broker Non-Votes Common Stock 15,041,443 21,746 237,893 1,580,391 1,267,007 Preferred Stock 297 0 0 0 0”
Shareholder Votes

MGP INGREDIENTS INC shareholders approved Advisory resolution to approve compensation of named executive officers at the 2023-05-25 meeting.

“3. The Company’s stockholders adopted an advisory resolution to approve the compensation of the Company’s named executive officers. Class For Against Abstain Broker Non-Votes Common Stock 16,161,655 710,275 9,543 1,260,007 Preferred Stock 297 0 0 0”
Shareholder Votes

MGP INGREDIENTS INC shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm at the 2023-05-25 meeting.

“2. The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm. Class For Against Abstain Broker Non-Votes Common Stock 17,936,305 200,232 4,943 0 Preferred Stock 297 0 0 0”
Shareholder Votes

MGP INGREDIENTS INC shareholders approved Election of nine directors at the 2023-05-25 meeting.

“1. Elected nine directors. (i) The individuals listed below were elected by holders of the Company’s Common Stock to serve as Group A directors. Director For Against Abstain Broker Non-Votes Thomas A. Gerke 16,736,079 140,709 4,685 1,260,007 Donn Lux 16,844,095 33,597 3,781 1,260,007 Kevin S. Rauckman 16,734,489 143,270 3,714 1,260,007 Todd B. Siwak 16,776,666 100,175 4,632 1,260,007 (ii) The individuals listed below were elected by holders of the Company’s Preferred Stock to serve as Group B directors. Director For Withheld Broker Non-Votes Neha J. Clark 297 0 0 David J. Colo 297 0 0 Preet H. Michelson 297 0 0 Lori L.S. Mingus 297 0 0 Karen L. Seaberg 297 0 0”
Earnings Releases

MGP INGREDIENTS INC reported first quarter ended March 31, 2023 results: revenue $201.0 million, net income $31.0 million, EPS $1.39 per share. Guidance reaffirmed.

“solutions, today reported results for the first quarter ended March 31, 2023. 2023 first quarter consolidated results compared to 2022 first quarter • Sales increased 3% to $201.0 million. • Gross profit decreased 3% to $69.8 million, representing 34.7% of sales. • Operating income decreased 17% to $41.6 million. • Net income decreased 17% to $31.0 million. •”
Earnings Releases

MGP INGREDIENTS INC reported fiscal 2023 results: revenue $815 million to $835 million, EPS Adjusted basic earnings per common share are forecasted to be in the $5.05 to $5.20 range. Guidance initiated.

“year 2022 was 22.3% compared with 25.0% in 2021. 2023 Outlook MGP is offering the following consolidated guidance for fiscal 2023: • Sales are projected to be in the range of $815 million to $835 million. • Adjusted EBITDA is expected to be in the range of $178 million to $183 million. • Adjusted basic earnings per common share are forecasted to be in the $5.05 to”
Earnings Releases

MGP INGREDIENTS INC reported full year 2022 results: revenue $782.4 million, net income $108.9 million, EPS Diluted EPS increased to $4.92 from $4.37 per share.

“fourth quarter. Adjusted diluted EPS increased to $1.01 per share from $0.88 per share. 2022 full year consolidated results compared to 2021 full year • Sales increased 25% to $782.4 million. • Gross profit and adjusted gross profit increased 27% and 26%, respectively, to $253.3 million, representing 32.4% of sales. • Operating income and adjusted operating income”
Earnings Releases

MGP INGREDIENTS INC reported fourth quarter 2022 results: revenue $191.0 million, net income $22.5 million, EPS Diluted EPS decreased to $1.01 per share from $1.44 per share.

“reported results for the fourth quarter and full year ended December 31, 2022. 2022 fourth quarter consolidated results compared to 2021 fourth quarter • Sales increased 15% to $191.0 million. • Gross profit increased 20% to $63.2 million, representing 33.1% of sales. • Operating income decreased 34% to $29.7 million due to the $16.3 million favorable insurance”
Earnings Releases

MGP INGREDIENTS INC reported third quarter ended September 30, 2022 results: revenue $201.2 million, net income $23.6 million, EPS $1.06 per share. Guidance raised.

“solutions, today reported results for the third quarter ended September 30, 2022. 2022 third quarter consolidated results compared to 2021 third quarter • Sales increased 14% to $201.2 million, as a result of record third quarter sales across all three business segments. • Gross profit increased 3% to $59.1 million, representing 29.4% of sales. • Operating income”

David Dykstra departed as Vice President of Alcohol Sales at MGP INGREDIENTS INC.

“On August 5, 2022, MGP Ingredients, Inc. (the “Company”) entered into a letter agreement with David Dykstra, the Company’s Vice President of Alcohol Sales, in connection with his planned retirement from the Company on December 31, 2022.”

Stephen Glaser changed role as Vice President of Production and Engineering at MGP INGREDIENTS INC.

“As a result, David Dykstra, Vice President of Alcohol Sales, and Stephen Glaser, Vice President of Production and Engineering, two of the named executive officers listed in last year’s proxy statement have ceased to be Section 16 reporting officers.”

David Dykstra changed role as Vice President of Alcohol Sales at MGP INGREDIENTS INC.

“As a result, David Dykstra, Vice President of Alcohol Sales, and Stephen Glaser, Vice President of Production and Engineering, two of the named executive officers listed in last year’s proxy statement have ceased to be Section 16 reporting officers.”

David S. Bratcher was appointed as Chief Operating Officer at MGP INGREDIENTS INC.

“On July 13, 2021, MGP Ingredients, Inc. (the “Company”) announced the appointment of David S. Bratcher as Chief Operating Officer, effective July 6, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.