RICEBRAN TECHNOLOGIES (NASDAQ:RIBT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
RICEBRAN TECHNOLOGIES (NASDAQ:RIBT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 21, 2017, RiceBran Technologies (the “Company”) appointed Robert S. Bucklin, 67, to the Company’s Board of Directors (the “Board”). Mr. Bucklin brings over 38 years of extensive financial services experience within the food and agriculture industries to the Company. Mr. Bucklin recently completed twenty years of service at Rabobank International, culminating with his position as Vice Chairman of North America Wholesale banking where his primary responsibilities included U.S. and Canadian Wholesale Clients, Corporate Banking, Mergers and Acquisitions, and Food & Agribusiness Research and Advisory. Prior to being named Vice Chairman, he served as Chief Corporate Banking Officer of Rabobank International, where he led the significant growth of Rabobank’s regional business and client relationships, and helped establish Rabobank as the premier Food & Beverage bank in North America. Before joining Rabobank International, he served as President and Chief Operating Officer of First City-Dallas bank and in various executive level capacities at The First Bank of Chicago.
Mr. Bucklin currently serves as a member of the boards of directors of Fresh Del Monte Produce, OSI Group, LLC, Agrivida, Inc., Bay State Milling Company and Frequentz, Inc. He also serves as a member of the Advisory Board for Jacob Stern & Sons, as Chairman of the Investment Advisory Committee for Cultivian Sandbox, and as Chairman of Global Green USA, a non-profit organization. Mr. Bucklin holds a Bachelors degree in Finance from the University of Illinois and an MBA from the Harvard Business School.
Mr. Bucklin will receive compensation for his service on the Board in accordance with the Company’s standard compensatory arrangement for non-employee directors. A description of the Company’s non-employee director compensation appears under the caption “Director Compensation” in the Company’s Proxy Statement filed with the Securities and Exchange Commission on May 12, 2017. The Board has not determined the Board committees on which Mr. Bucklin will serve.
About RICEBRAN TECHNOLOGIES (NASDAQ:RIBT)
RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments. The USA segment manufactures and distributes stabilized rice bran (SRB) (for human food ingredient and animal nutrition customers) and derivative products. The Brazil segment extracts crude rice bran oil (RBO) and defatted rice bran (DRB) from rice bran, which are then further processed into fully refined rice bran oil for sale internationally and in Brazil, compounded animal nutrition products for horses, cows, swine, sheep and poultry and a range of human food and animal nutrition products. The Brazil segment consists of the operations of Nutra S.A. LLC subsidiary, whose only operating subsidiary is Industria Riograndens De Oleos Vegetais Ltda. (Irgovel).
RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments. The USA segment manufactures and distributes stabilized rice bran (SRB) (for human food ingredient and animal nutrition customers) and derivative products. The Brazil segment extracts crude rice bran oil (RBO) and defatted rice bran (DRB) from rice bran, which are then further processed into fully refined rice bran oil for sale internationally and in Brazil, compounded animal nutrition products for horses, cows, swine, sheep and poultry and a range of human food and animal nutrition products. The Brazil segment consists of the operations of Nutra S.A. LLC subsidiary, whose only operating subsidiary is Industria Riograndens De Oleos Vegetais Ltda. (Irgovel).