MGP Ingredients, Inc. (NASDAQ:MGPI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
“Annual Meeting”) was held on June 1, 2017, in Atchison, Kansas.
At the Annual Meeting, the holders of 15,653,043 shares of the
Companys Common Stock were represented in person or by proxy and
254 shares of the Companys Preferred Stock were represented in
person or by proxy, constituting a quorum. The following matters
were submitted to a vote of stockholders and the results of the
vote were as follows:
|
Director
|
For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|
James L. Bareuther
|
13,193,560
|
24,280
|
26,142
|
2,408,968
|
|
Terrence P. Dunn
|
12,003,732
|
1,214,109
|
26,141
|
2,408,968
|
|
Anthony P. Foglio
|
13,212,586
|
5,254
|
26,142
|
2,408,968
|
|
Daryl R. Schaller
|
13,082,141
|
135,699
|
26,142
|
2,408,968
|
|
Director
|
For
|
Withheld
|
Broker Non-Votes
|
|
David J. Colo
|
|
|
|
|
Augustus C. Griffin
|
|||
|
George W. Page, Jr.
|
|||
|
Karen L. Seaberg
|
|||
|
M. Jeannine Strandjord
|
registered public accounting firm.
|
Class
|
For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|
Common Stock
|
15,557,330
|
72,448
|
23,172
|
|
|
Preferred Stock
|
the Company’s named executive officers.
|
Class
|
For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|
Common Stock
|
13,086,381
|
125,795
|
31,806
|
2,408,968
|
|
Preferred Stock
|
advisory votes on executive compensation.
|
Class
|
Three Years
|
Two Years
|
One Year
|
Abstentions
|
Broker Non-Votes
|
|
Common Stock
|
606,910
|
49,921
|
12,556,585
|
30,566
|
2,408,968
|
|
Preferred Stock
|
advisory votes every one year received a majority of the votes
cast at the Annual Meeting. Based on these results, the Companys
Board of Directors currently intends to hold an advisory vote on
executive compensation every one year until after the next
advisory vote on the frequency of future advisory votes on
executive compensation.
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.
