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
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Appointment of Dennis Dykes as Chief Accounting Officer of RiceBran Technologies
On June 21, 2017, Dennis Dykes, 48, was appointed Vice President and Chief Accounting Officer of RiceBran Technologies (the “Company”), reporting directly to Brent Rystrom, the Company’s Chief Financial Officer. Mr. Dykes joined the Company in May of 2014 as corporate controller, where he supervised accounting and finance functions, including general ledger accounting, internal financial reporting, accounts receivable and accounts payable. In March 2015, he became the Company’s Vice President of Accounting and Compliance, where he managed accounting and reporting functions, including SEC reporting, general ledger accounting and corporate internal controls compliance. Prior to joining the Company, Mr. Dykes garnered nearly 20 years of business accounting and operations experience in multiple industries with companies, including Avella Specialty Pharmacy and Carrier Commercial Service. He has served in several finance and operations leadership roles including a consulting practice focused on accounting, tax and legal transactions. Mr. Dykes has a B.A.A. in Accounting and a B.A. in Business Administration from St. Ambrose University and a J.D. from Whittier Law School. He is a certified public accountant in Arizona as well as Illinois.
Mr. Dykes is eligible to participate in the annual bonus programs applicable to senior officers that are approved by the Company’s Compensation Committee. In connection with his appointment as the Company’s Chief Accounting Officer, Mr. Dykes was granted an option to purchase 10,000 shares of common stock to the Company’s 2014 Equity Incentive Plan.
Mr. Rystrom served as the Company’s principal accounting officer until Mr. Dykes was appointed the Company’s Chief Accounting Officer. Mr. Rystrom continues to serve as the Company’s Chief Financial Officer and principal financial officer of the Company.
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).