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 $2.22M. The average tenure of the management team and the board of directors is 2.6 years and 2.9 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 | 2.6yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
MGP 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 05
MGP 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 07What Is MGP Ingredients, Inc.'s (NASDAQ:MGPI) Share Price Doing?
Mar 09Does MGP Ingredients (NASDAQ:MGPI) Have A Healthy Balance Sheet?
Jan 15Here's Why We Think MGP Ingredients (NASDAQ:MGPI) Is Well Worth Watching
Dec 04Is There Now An Opportunity In MGP Ingredients, Inc. (NASDAQ:MGPI)?
Oct 24MGP Ingredients drops 3% after new short report from Spruce Point
Oct 12MGP Ingredients (NASDAQ:MGPI) Seems To Use Debt Quite Sensibly
Oct 11Are Investors Undervaluing MGP Ingredients, Inc. (NASDAQ:MGPI) By 50%?
Sep 27MGP Ingredients: Can The Stock Continue Its Big Move Higher?
Aug 17MGP Ingredients Q2 2022 Earnings Preview
Aug 03Here's Why We Think MGP Ingredients (NASDAQ:MGPI) Might Deserve Your Attention Today
Aug 01Is It Too Late To Consider Buying MGP Ingredients, Inc. (NASDAQ:MGPI)?
Jul 18These 4 Measures Indicate That MGP Ingredients (NASDAQ:MGPI) Is Using Debt Reasonably Well
Jul 04Calculating The Fair Value Of MGP Ingredients, Inc. (NASDAQ:MGPI)
Jun 10MGP Ingredients: Upside From Here Is Limited
Jun 04CEO Compensation Analysis
| 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 below average for companies of similar size in the US market ($USD5.72M).
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 |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.88m | 0.13% $ 2.2m | |
| VP of Finance | 5.1yrs | US$1.67m | 0.058% $ 999.7k | |
| VP, Chief Legal Officer & Corporate Secretary | 1.6yrs | US$1.01m | no data | |
| Senior Advisor | less than a year | US$4.71m | 0.15% $ 2.6m | |
| Chief Commercial Officer | less than a year | US$1.08m | 0.053% $ 915.6k | |
| Chief Science Officer and VP of Ingredients Research & Development | 8.6yrs | no data | no data | |
| Corporate Director of Communications | no data | no data | no data | |
| Vice President of Marketing | 2.6yrs | no data | no data | |
| VP & Chief Human Resources Officer | 3yrs | US$708.88k | 0.0025% $ 43.2k | |
| Corporate Controller | 4.9yrs | no data | no data |
2.6yrs
Average Tenure
57yo
Average Age
Experienced Management: MGPI's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.88m | 0.13% $ 2.2m | |
| Independent Director | 2.9yrs | US$170.50k | 0.014% $ 239.6k | |
| Independent Director | 2.9yrs | US$172.50k | 0.023% $ 393.4k | |
| Director | 2.9yrs | US$162.50k | 12.29% $ 212.2m | |
| Independent Director | 2yrs | US$162.50k | 0.014% $ 239.8k | |
| Independent Chairperson | 14.8yrs | US$227.50k | 1.59% $ 27.4m | |
| Independent Director | 2.9yrs | US$177.50k | 0.013% $ 228.6k | |
| Independent Director | 3.9yrs | US$162.50k | 0.23% $ 3.9m | |
| Independent Director | 2yrs | US$162.50k | 0.013% $ 220.1k |
2.9yrs
Average Tenure
60yo
Average Age
Experienced Board: MGPI's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.