MGP Ingredients, Inc. (NASDAQ:MGPI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 31, 2019, Lynn Jenkins was elected to the Board of Directors of the Company at a Special Meeting of the Preferred Stockholders of the Company. Ms. Jenkins’ election filled a vacancy on the Board.
Ms. Jenkins, 55, represented Kansas’ 2nd Congressional District in the U.S. House of Representatives from 2009 until her retirement at the end of her term in 2019.
There are no arrangements or understandings between Ms. Jenkins and any other person to which she was selected as a director. There are also no family relationships between Ms. Jenkins and any director or executive officer of the Company, and she has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.
Item 5.07 Submission of Matters to a Vote of Security Holders.
A Special Meeting of the Preferred Stockholders of the Company (the “Special Meeting”) was held on January 31, 2019, in Atchison, Kansas. At the Special Meeting, the holders of 297 shares of the Company’s Preferred Stock were represented in person or by proxy, constituting a quorum. The election of Lynn Jenkins as a Group B director was submitted to a vote. All 297 shares of Preferred Stock represented at the meeting voted in favor of her election for a term ending at the 2019 Annual Meeting of Stockholders.
About MGP Ingredients, Inc. (NASDAQ:MGPI)
MGP Ingredients, Inc. is a holding company. The Company’s principal operating subsidiaries are MGPI Processing, Inc. and MGPI of Indiana, LLC (MGPI-I). The Company produces and supplies distilled spirits, and wheat proteins and starches. The Company’s distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company also produces industrial alcohol for use in both food and non-food applications. Its distillery products are derived from corn and other grains, including rye, barley, wheat, barley malt and milo. The Company operates through two segments: distillery products and ingredient solutions. Its distillery products segment consists of food grade alcohol and co-products of its distillery operations, including distillers feed, fuel grade alcohol and corn oil. Its ingredient solutions segment consists of specialty wheat starches, specialty wheat proteins, commodity wheat starch and commodity wheat protein or vital wheat gluten.
