MGP Ingredients, Inc. (MGPI)

52.79 +0.72 (+1.38%) At close: 4:00PM EST

MGP Ingredients, Inc.

Cray Business Plaza
100 Commercial Street PO Box 130
Atchison, KS 66002-0130
United States
913 367 1480
http://www.mgpingredients.com

Sector(s): Consumer Defensive
Industry: Packaged Foods
Full Time Employees: 341

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. David J. Colo	CEO, Pres, COO & Director	121	N/A	1963
Mr. Brandon M. Gall	VP of Fin. & CFO	294.42k	N/A	1982
Mr. David E. Rindom	VP & Chief Admin. Officer	421.46k	N/A	1955
Dr. Clodualdo Maningat	Chief Science Officer and VP of Ingredients R&D	N/A	N/A	1955
Mr. Thomas J. Lynn	VP, Gen. Counsel & Corp. Sec.	N/A	N/A	N/A
Mr. Greg Manis	Corp. Director of Communications	N/A	N/A	N/A
Mr. Michael J. Lasater	VP of Sales and Marketing	N/A	N/A	1968
Mr. Mark Davidson	Corp. Controller	N/A	N/A	N/A

Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates through two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel grade alcohol for blending with gasoline; distillery co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym Resistant Starch, FiberRite RW Resistant Starch, Pregel Instant Starch, and Midsol Cook-up Starch trademarks; specialty wheat proteins for food applications; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, Japan, Thailand, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.

Corporate Governance

MGP Ingredients, Inc.’s ISS Governance QualityScore as of December 1, 2020 is 2. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 4; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.