MGP Ingredients Management
Management criteria checks 3/4
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 $1.12M. The average tenure of the management team and the board of directors is 3.2 years and 3.5 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 | 3.2yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
MGP Ingredients (NASDAQ:MGPI) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Nov 07
MGP Ingredients (NASDAQ:MGPI) Has Announced A Dividend Of $0.12
Nov 04MGP Ingredients: Getting Caught In Weak Spirit Demand In Q3
Oct 21MGP Ingredients (NASDAQ:MGPI) Has A Pretty Healthy Balance Sheet
Oct 19Positive Sentiment Still Eludes MGP Ingredients, Inc. (NASDAQ:MGPI) Following 27% Share Price Slump
Oct 19MGP Ingredients, Inc.'s (NASDAQ:MGPI) Earnings Haven't Escaped The Attention Of Investors
Aug 27Intrinsic Valuation Of MGP Ingredients Reveals It's Overvalued
Aug 04MGP Ingredients (NASDAQ:MGPI) Seems To Use Debt Quite Sensibly
Jul 12MGP Ingredients: Modest Organic Growth Likely Ahead After 2024 Distillery Closure
Jun 18MGP Ingredients, Inc. (NASDAQ:MGPI) Might Not Be As Mispriced As It Looks
May 24MGP Ingredients: Tax Tariff Extension And Move Away From White Goods
Feb 07We Think MGP Ingredients (NASDAQ:MGPI) Can Stay On Top Of Its Debt
Jan 05MGP Ingredients, Inc.'s (NASDAQ:MGPI) P/E Is On The Mark
Dec 18Is Now The Time To Look At Buying MGP Ingredients, Inc. (NASDAQ:MGPI)?
Nov 30Is MGP Ingredients (NASDAQ:MGPI) Using Too Much Debt?
May 23Is There An Opportunity With MGP Ingredients, Inc.'s (NASDAQ:MGPI) 34% Undervaluation?
May 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$107m |
| Jun 30 2024 | n/a | n/a | US$96m |
| Mar 31 2024 | n/a | n/a | US$96m |
| 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 below average for companies of similar size in the US market ($USD3.21M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
CEO
David Bratcher (56 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 |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.88m | 0.13% $ 1.1m | |
| VP of Finance | 5.7yrs | US$1.67m | 0.058% $ 503.3k | |
| VP & Chief Commercial Officer | less than a year | US$1.08m | 0.053% $ 460.9k | |
| Chief Science Officer and VP of Ingredients Research & Development | 9.2yrs | no data | no data | |
| Vice President of Investor Relations | less than a year | no data | no data | |
| VP, General Counsel & Corporate Secretary | less than a year | no data | no data | |
| Corporate Director of Communications | no data | no data | no data | |
| Vice President of Marketing | 3.2yrs | no data | no data | |
| VP & Chief Human Resources Officer | 3.6yrs | US$708.88k | 0.0025% $ 21.8k | |
| Corporate Controller | 5.5yrs | no data | no data |
3.2yrs
Average Tenure
56yo
Average Age
Experienced Management: MGPI's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.88m | 0.13% $ 1.1m | |
| Independent Director | 3.5yrs | US$170.50k | 0.019% $ 167.3k | |
| Independent Director | 3.5yrs | US$172.50k | 0.031% $ 266.4k | |
| Director | 3.5yrs | US$162.50k | 12.02% $ 104.2m | |
| Independent Director | 2.6yrs | US$162.50k | 0.019% $ 165.1k | |
| Independent Chairperson | 15.3yrs | US$227.50k | 1.45% $ 12.6m | |
| Independent Director | 3.5yrs | US$177.50k | 0.019% $ 161.8k | |
| Independent Director | 4.5yrs | US$162.50k | 0.17% $ 1.5m | |
| Independent Director | 2.6yrs | US$162.50k | 0.020% $ 176.6k |
3.5yrs
Average Tenure
61yo
Average Age
Experienced Board: MGPI's board of directors are considered experienced (3.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 22:47 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
MGP Ingredients, Inc. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Donald McLee | Berenberg |
| Alex Fuhrman | Craig-Hallum Capital Group LLC |
| Benjamin Klieve | Lake Street Capital Markets, LLC |