MGP Ingredients Management

Management criteria checks 2/4

MGP Ingredients' CEO is David Bratcher, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $1.88M, comprised of 26.6% salary and 73.4% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth €2.06M. The average tenure of the management team and the board of directors is 2.5 years and 2.8 years respectively.

Key information

David Bratcher

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	26.6%
CEO tenure	less than a year
CEO ownership	0.1%
Management average tenure	2.5yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Bratcher's remuneration changed compared to MGP Ingredients's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$2m	US$500k	US$106m
Sep 30 2023	n/a	n/a	US$98m
Jun 30 2023	n/a	n/a	US$109m
Mar 31 2023	n/a	n/a	US$102m
Dec 31 2022	US$2m	US$475k	US$109m
Sep 30 2022	n/a	n/a	US$118m
Jun 30 2022	n/a	n/a	US$118m
Mar 31 2022	n/a	n/a	US$112m
Dec 31 2021	US$1m	US$343k	US$91m

Compensation vs Market: David's total compensation ($USD1.88M) is about average for companies of similar size in the German market ($USD1.63M).

Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

David Bratcher (54 yo)

less than a year

Tenure

US$1,876,948

Compensation

Mr. David S. Bratcher served as President of Branded Spirits at MGP Ingredients, Inc. since 2021 until January 1, 2024 and served as its Chief Operating Officer since July 06, 2021 until December 2023 & se...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Bratcher	CEO, President & Director	less than a year	US$1.88m	0.13% $ 2.1m
Brandon Gall	VP of Finance	5yrs	US$1.67m	0.058% $ 927.7k
Curtis Landherr	VP, Chief Legal Officer & Corporate Secretary	1.5yrs	US$1.01m	no data
David Colo	Senior Advisor	less than a year	US$4.71m	0.15% $ 2.4m
Amel Pasagic	Chief Commercial Officer	less than a year	US$1.08m	0.053% $ 849.7k
Clodualdo Maningat	Chief Science Officer and VP of Ingredients Research & Development	8.5yrs	no data	no data
Greg Manis	Corporate Director of Communications	no data	no data	no data
Fletcher Buchman	Vice President of Marketing	2.5yrs	no data	no data
Erika Lapish	VP & Chief Human Resources Officer	2.9yrs	US$708.88k	0.049% $ 792.8k
Mark Davidson	Corporate Controller	4.8yrs	no data	no data

2.5yrs

Average Tenure

57yo

Average Age

Experienced Management: M1I's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Bratcher	CEO, President & Director	less than a year	US$1.88m	0.13% $ 2.1m
Kevin Rauckman	Independent Director	2.8yrs	US$170.50k	0.014% $ 222.4k
Thomas Gerke	Independent Director	2.8yrs	US$172.50k	0.023% $ 365.1k
Donn Lux	Director	2.8yrs	US$162.50k	12.29% $ 196.9m
Todd Siwak	Independent Director	1.9yrs	US$162.50k	0.014% $ 222.5k
Karen Seaberg	Independent Chairperson	14.7yrs	US$227.50k	1.59% $ 25.5m
Neha Clark	Independent Director	2.8yrs	US$177.50k	0.013% $ 212.1k
Lori Mingus	Independent Director	3.8yrs	US$162.50k	0.23% $ 3.6m
Preet Michelson	Independent Director	1.9yrs	US$162.50k	0.013% $ 204.3k

2.8yrs

Average Tenure

60yo

Average Age

Experienced Board: M1I's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

MGP Ingredients Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new and inexperienced directors

High number of new and inexperienced directors

MGP Ingredients, Inc. Announces Promotion of Amel Pasagic to Chief Commercial Officer

MGP Ingredients, Inc Appoints David Bratcher as Group B Member of the Board of Directors, Effective January 1, 2024

Director recently sold €753k worth of stock

High number of new and inexperienced directors

Recent updates

MGP Ingredients, Inc. to Report Q1, 2024 Results on May 02, 2024

High number of new and inexperienced directors

Upcoming dividend of US$0.12 per share

Fourth quarter dividend of US$0.12 announced

MGP Ingredients, Inc. (NasdaqGS:MGPI) announces an Equity Buyback for $100 million worth of its shares.

MGP Ingredients, Inc. (NasdaqGS:MGPI) announces an Equity Buyback for $100 million worth of its shares.

Full year 2023 earnings released: EPS: US$4.82 (vs US$4.94 in FY 2022)

MGP Ingredients, Inc. Provides Earnings Guidance for the Year 2024

MGP Ingredients, Inc. Declares Quarterly Dividend, Payable on March 29, 2024

High number of new and inexperienced directors

MGP Ingredients, Inc. to Report Q4, 2023 Results on Feb 22, 2024

MGP Ingredients, Inc. Announces Promotion of Amel Pasagic to Chief Commercial Officer

MGP Ingredients, Inc Appoints David Bratcher as Group B Member of the Board of Directors, Effective January 1, 2024

MGP Ingredients, Inc. Provides Sales Guidance for the Year 2023

MGP Ingredients, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Mgp Ingredients, Inc. Provides Revenue Guidance for 2023

MGP Ingredients, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Mgp Ingredients, Inc. Announces the Planned Closure of Its Distillery in Atchison, Kansas, with the Anticipated Closure Date Estimated to Be January 2024

Director recently sold €753k worth of stock

High number of new and inexperienced directors

Mgp Ingredients, Inc. Provides Sales Guidance for 2023

Independent Chairperson recently sold €494k worth of stock

Upcoming dividend of US$0.12 per share at 0.5% yield

Full year 2022 earnings released: EPS: US$4.94 (vs US$4.37 in FY 2021)

MGP Ingredients, Inc. to Report Fiscal Year 2022 Results on Feb 23, 2023

Now 20% undervalued

High number of new and inexperienced directors

Third quarter 2022 earnings released: EPS: US$1.07 (vs US$1.08 in 3Q 2021)

MGP Ingredients, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year 2022

MGP Ingredients, Inc. to Report Q3, 2022 Results on Nov 03, 2022

MGP Ingredients, Inc. Appoints Terri Roberts as Its Foodservice Sales Director

MGP Ingredients, Inc. Announces the Launch of Proterra Crumbles

Mgp Ingredients, Inc. Appoints Curtis Landherr as Chief Legal Officer

Director recently bought €539k worth of stock

Mgp Ingredients, Inc Declares Quarterly Dividend,Payable on September 2, 2022

Second quarter 2022 earnings released: EPS: US$1.15 (vs US$0.91 in 2Q 2021)

MGP Ingredients, Inc. Revises Consolidated Guidance for Fiscal 2022

MGP Ingredients, Inc. to Report Q2, 2022 Results on Aug 04, 2022

MGP Ingredients, Inc. Names Sean Wirtz as Director of Business Development and Integration

MGP Ingredients, Inc.(NasdaqGS:MGPI) dropped from Russell 2000 Value-Defensive Index

Director recently bought €449k worth of stock

Now 20% undervalued

Mgp Ingredients, Inc. Announces Board Changes

Now 20% undervalued

Upcoming dividend of US$0.12 per share

First quarter 2022 earnings released: EPS: US$1.69 (vs US$0.90 in 1Q 2021)

MGP Ingredients Declares Quarterly Dividend, Payable on June 3, 2022

High number of new directors

MGP Ingredients, Inc. to Report Q1, 2022 Results on May 05, 2022

MGP Ingredients, Inc., Annual General Meeting, May 26, 2022

Director recently bought €352k worth of stock

Director recently bought €352k worth of stock

Director recently bought €352k worth of stock

Director recently bought €352k worth of stock

Upcoming dividend of US$0.12 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

MGP Ingredients, Inc. Provides Consolidated Sales Guidance for the Fiscal Year 2022

MGP Ingredients, Inc. to Report Q4, 2021 Results on Feb 24, 2022

Director recently bought €743k worth of stock

Investor sentiment improved over the past week

Independent Director recently bought €67k worth of stock

Upcoming dividend of US$0.12 per share

Third quarter 2021 earnings released: EPS US$1.08 (vs US$0.61 in 3Q 2020)

Investor sentiment improved over the past week

Independent Chairperson recently sold €212k worth of stock

Upcoming dividend of US$0.12 per share

Investor sentiment improved over the past week

MGP Ingredients, Inc. Provides Earnings Guidance for the Full Year 2021

Second quarter 2021 earnings released: EPS US$0.91 (vs US$0.50 in 2Q 2020)