MGPI on Nasdaq
MGP INGREDIENTS INC
MGP INGREDIENTS INC is an American wholesale-beer company based in Atchison, listed on Nasdaq (MGPI).2
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Last updated Oct 21, 2026.
Overview
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- TickerMGPI on Nasdaq2
- IndustryWholesale-Beer, Wine & Distilled Alcoholic Beverages2
- HeadquartersAtchison, United States2
- Incorporated inKS3
- Business address1300 Main St, Atchison, Ks 660023
- Filer categoryAccelerated filer3
- Legal formCorporation2
- LEI2549006OMHFVZ4MS85382
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O C T CORPORATION SYSTEM, 66603 Topeka, United States2
- Registered withBusiness Services Division (Kansas Secretary of State), 45546062
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MGP Ingredients, Inc. was incorporated in 2011 in Kansas, continuing a business originally founded by Cloud L. Cray, Sr. in Atchison, Kansas in 1941. As used herein, the terms “MGP,” “Company,” “we,” “our,” “us,” and words of similar import, refer to MGP Ingredients, Inc. and its consolidated subsidiaries unless the context otherwise indicates. In this Annual Report on Form 10-K (this “Report”), for any references to Note 1 through Note 16 refer to the Notes to Consolidated Financial Statements in Item 8.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
37.2%Gross margin6
-17.6%Operating margin6
-20.1%Net margin6
-23.8%Revenue growth, 20256
-15.0%Return on equity6
0.36×Debt to equity6
$76.0MFree cash flow6
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Branded Spirits brought in 43% of the revenue MGP INGREDIENTS INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Branded Spirits | $253.9M | $240.8M | $232.9M |
| Distilling Solutions | $450.9M | $332.2M | $181.4M |
| Ingredient Solutions | $131.7M | $130.6M | $122.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue63¢$337.0M
- Selling, general and admin16¢$84.8M
- Other costs19¢$100.1M
- Interest1¢$7.0M
- Income tax1¢$7.5M
Out of $536.4M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending37¢$45.5M
- Dividends paid8¢$10.3M
- Share buybacks1¢$1.0M
- Kept or used elsewhere53¢$64.7M
Out of $121.5M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Sales | $536.4M | $703.6M | $836.5M |
| Cost of sales | $337.0M | $417.3M | $531.8M |
| Gross profit | $199.4M | $286.3M | $304.7M |
| Advertising and promotion expenses | $31.1M | $40.5M | $38.2M |
| Selling, general, and administrative expenses | $84.8M | $81.4M | $91.4M |
| Impairment of long-lived assets and other | $0 | $137.0K | $19.4M |
| Goodwill and indefinite-lived intangible asset impairment | $152.6M | $73.8M | $0 |
| Change in fair value of contingent consideration | $25.5M | $16.1M | $7.1M |
| Operating income (loss) | -$94.6M | $74.4M | $148.6M |
| Interest expense, net | -$7.0M | -$8.4M | -$6.6M |
| Other income (expense), net | $1.3M | $2.5M | -$220.0K |
| Income (loss) before income taxes | -$100.3M | $68.4M | $141.7M |
| Income tax expense | $7.5M | $34.0M | $34.6M |
| Net income (loss) | -$107.8M | $34.5M | $107.1M |
| Net loss attributable to noncontrolling interest | $23.0K | $198.0K | $345.0K |
| Net income (loss) attributable to MGP Ingredients, Inc. | -$107.8M | $34.7M | $107.5M |
| Income (loss) attributable to participating securities, basic | -$1.3M | $373.0K | $1.1M |
| Income (loss) attributable to participating securities, diluted | -$1.3M | $373.0K | $1.1M |
| Net income (loss) used in earnings per common share calculation, basic | -$106.5M | $34.3M | $106.4M |
| Net income (loss) used in earnings per common share calculation, diluted | -$106.5M | $34.3M | $106.4M |
| Basic (in shares) | 21.4M shares | 22.0M shares | 22.1M shares |
| Diluted (in shares) | 21.4M shares | 22.0M shares | 22.2M shares |
| Basic (in dollars per share) | -$4.99 | $1.56 | $4.82 |
| Diluted (in dollars per share) | -$4.99 | $1.56 | $4.80 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $18.5M | $25.3M | ||
| Receivables (less allowance for credit loss of $1,190 and $1,875 at December 31, 2025 and 2024, respectively) | $116.2M | $148.5M | ||
| Inventory | $382.7M | $364.9M | ||
| Prepaid expenses | $2.1M | $4.0M | ||
| Refundable income taxes | $3.2M | $3.4M | ||
| Total current assets | $522.7M | $546.1M | ||
| Property, plant, and equipment, net | $328.0M | $316.7M | ||
| Operating lease right-of-use assets, net | $13.8M | $15.5M | ||
| Investment in joint venture | $8.2M | $7.0M | ||
| Intangible assets, net | $244.7M | $268.5M | ||
| Goodwill | $115.7M | $247.8M | $321.5M | |
| Other assets | $2.7M | $4.2M | ||
| Total assets | $1.2B | $1.4B | ||
| Current maturities of long-term debt | $6.4M | $6.4M | ||
| Accounts payable | $54.6M | $66.3M | ||
| Contingent consideration | $110.8M | $0 | ||
| Federal and state excise taxes payable | $5.8M | $5.4M | ||
| Accrued expenses and other | $22.5M | $14.4M | ||
| Total current liabilities | $200.1M | $92.5M | ||
| Long-term debt, less current maturities | $49.7M | $121.3M | ||
| Convertible senior notes | $196.2M | $195.9M | ||
| Long-term operating lease liabilities | $10.6M | $11.9M | ||
| Contingent consideration | $0 | $85.3M | ||
| Other noncurrent liabilities | $2.5M | $3.0M | ||
| Deferred income taxes | $60.0M | $63.4M | ||
| Total liabilities | $519.1M | $573.2M | ||
| Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares | $4.0K | $4.0K | ||
| No par value; authorized 40,000,000 shares; issued 23,125,166 shares at December 31, 2025 and 2024; 21,294,315 and 21,194,707 shares outstanding at December 31, 2025 and 2024, respectively | $6.7M | $6.7M | ||
| Additional paid-in capital | $330.9M | $332.2M | ||
| Retained earnings | $445.7M | $563.9M | ||
| Accumulated other comprehensive loss | -$373.0K | -$658.0K | ||
| Treasury stock, at cost, 1,830,851 and 1,930,459 shares at December 31, 2025 and 2024, respectively | -$64.5M | -$68.0M | ||
| Total MGP Ingredients, Inc. stockholders equity | $718.4M | $834.2M | ||
| Noncontrolling interest | -$1.6M | -$1.6M | ||
| Total equity | $716.8M | $832.5M | $849.1M | $745.6M |
| Total liabilities and equity | $1.2B | $1.4B | ||
| Receivables, allowance for credit losses | $1.2M | $1.9M | ||
| Preferred stock, par value (in dollars per share) | $10.00 | $10.00 | ||
| Preferred stock, authorized (in shares) | 1.0K shares | 1.0K shares | ||
| Preferred stock, issued (in shares) | 437 shares | 437 shares | ||
| Preferred stock, outstanding (in shares) | 437 shares | 437 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, authorized (in shares) | 40.0M shares | 40.0M shares | ||
| Common stock, issued (in shares) | 23.1M shares | 23.1M shares | ||
| Common stock, outstanding (in shares) | 21.3M shares | 21.2M shares | ||
| Treasury stock, common (in shares) | 1.8M shares | 1.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $18.5M | $25.3M | ||
| Receivables (less allowance for credit loss of $1,190 and $1,875 at December 31, 2025 and 2024, respectively) | $116.2M | $148.5M | ||
| Inventory | $382.7M | $364.9M | ||
| Prepaid expenses | $2.1M | $4.0M | ||
| Refundable income taxes | $3.2M | $3.4M | ||
| Total current assets | $522.7M | $546.1M | ||
| Property, plant, and equipment, net | $328.0M | $316.7M | ||
| Operating lease right-of-use assets, net | $13.8M | $15.5M | ||
| Investment in joint venture | $8.2M | $7.0M | ||
| Intangible assets, net | $244.7M | $268.5M | ||
| Goodwill | $115.7M | $247.8M | $321.5M | |
| Other assets | $2.7M | $4.2M | ||
| Total assets | $1.2B | $1.4B | ||
| Current maturities of long-term debt | $6.4M | $6.4M | ||
| Accounts payable | $54.6M | $66.3M | ||
| Contingent consideration | $110.8M | $0 | ||
| Federal and state excise taxes payable | $5.8M | $5.4M | ||
| Accrued expenses and other | $22.5M | $14.4M | ||
| Total current liabilities | $200.1M | $92.5M | ||
| Long-term debt, less current maturities | $49.7M | $121.3M | ||
| Convertible senior notes | $196.2M | $195.9M | ||
| Long-term operating lease liabilities | $10.6M | $11.9M | ||
| Contingent consideration | $0 | $85.3M | ||
| Other noncurrent liabilities | $2.5M | $3.0M | ||
| Deferred income taxes | $60.0M | $63.4M | ||
| Total liabilities | $519.1M | $573.2M | ||
| Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares | $4.0K | $4.0K | ||
| No par value; authorized 40,000,000 shares; issued 23,125,166 shares at December 31, 2025 and 2024; 21,294,315 and 21,194,707 shares outstanding at December 31, 2025 and 2024, respectively | $6.7M | $6.7M | ||
| Additional paid-in capital | $330.9M | $332.2M | ||
| Retained earnings | $445.7M | $563.9M | ||
| Accumulated other comprehensive loss | -$373.0K | -$658.0K | ||
| Treasury stock, at cost, 1,830,851 and 1,930,459 shares at December 31, 2025 and 2024, respectively | -$64.5M | -$68.0M | ||
| Total MGP Ingredients, Inc. stockholders equity | $718.4M | $834.2M | ||
| Noncontrolling interest | -$1.6M | -$1.6M | ||
| Total equity | $716.8M | $832.5M | $849.1M | $745.6M |
| Total liabilities and equity | $1.2B | $1.4B | ||
| Receivables, allowance for credit losses | $1.2M | $1.9M | ||
| Preferred stock, par value (in dollars per share) | $10.00 | $10.00 | ||
| Preferred stock, authorized (in shares) | 1.0K shares | 1.0K shares | ||
| Preferred stock, issued (in shares) | 437 shares | 437 shares | ||
| Preferred stock, outstanding (in shares) | 437 shares | 437 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, authorized (in shares) | 40.0M shares | 40.0M shares | ||
| Common stock, issued (in shares) | 23.1M shares | 23.1M shares | ||
| Common stock, outstanding (in shares) | 21.3M shares | 21.2M shares | ||
| Treasury stock, common (in shares) | 1.8M shares | 1.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | -$107.8M | $34.5M | $107.1M |
| Depreciation and amortization | $24.1M | $22.0M | $22.1M |
| Impairment of long-lived assets and other | $0 | $137.0K | $19.4M |
| Goodwill and indefinite-lived intangible asset impairment | $152.6M | $73.8M | $0 |
| Share-based compensation | $4.7M | $4.0M | $10.6M |
| Equity method investment loss (gain) | -$1.2M | -$1.8M | $337.0K |
| Deferred income taxes, including change in valuation allowance | -$3.4M | $359.0K | -$4.0M |
| Change in fair value of contingent consideration | $25.5M | $16.1M | $7.1M |
| Other, net | $831.0K | $465.0K | $728.0K |
| Receivables, net | $32.2M | -$4.4M | -$32.4M |
| Inventory | -$18.1M | -$18.2M | -$46.9M |
| Prepaid expenses | $1.8M | -$409.0K | -$481.0K |
| Income taxes payable (refundable) | $239.0K | -$2.3M | $3.1M |
| Accounts payable | $1.6M | -$9.1M | -$2.4M |
| Accrued expenses and other | $8.4M | -$15.1M | $348.0K |
| Federal and state excise taxes payable | $397.0K | $3.1M | -$2.4M |
| Other, net | -$330.0K | -$881.0K | $1.5M |
| Net cash provided by operating activities | $121.5M | $102.3M | $83.8M |
| Additions to property, plant, and equipment | -$45.5M | -$71.2M | -$55.3M |
| Purchase of business, net of cash acquired | $0 | $0 | -$103.7M |
| Other, net | -$37.0K | -$377.0K | -$263.0K |
| Net cash used in investing activities | -$45.5M | -$71.6M | -$159.2M |
| Payment of dividends and dividend equivalents | -$10.3M | -$10.6M | -$10.7M |
| Repurchase of Common Stock | -$1.0M | -$48.8M | -$801.0K |
| Loan fees paid related to borrowings | -$2.8M | $0 | $0 |
| Proceeds from long-term debt | $28.0M | $125.0M | $105.0M |
| Principal payments on long-term debt | -$97.4M | -$89.4M | -$47.6M |
| Net cash provided by (used in) financing activities | -$83.5M | -$23.8M | $45.9M |
| Effect of exchange rate changes on cash and cash equivalents | $706.0K | -$32.0K | $34.0K |
| Increase (decrease) in cash and cash equivalents | -$6.8M | $6.9M | -$29.5M |
No quarter-by-quarter statement was filed.
Corporate structure
MGP INGREDIENTS INC sits at the top of its group. 5 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of MGP INGREDIENTS INC
- BlackRock Filed SCHEDULE 13G on MGP INGREDIENTS INC, latest Jul 29, 2026 (11 filings since Feb 1, 2022)
- Federated Hermes Filed SCHEDULE 13G/A on MGP INGREDIENTS INC, latest Jul 8, 2026 (4 filings since Nov 5, 2025)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on MGP INGREDIENTS INC, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
- Donn S. Lux Filed SCHEDULE 13D/A on MGP INGREDIENTS INC, latest Dec 12, 2025 (6 filings since Feb 3, 2023)
- Karen Seaberg Filed SCHEDULE 13D/A on MGP INGREDIENTS INC, latest Dec 11, 2025 (7 filings since Jan 27, 2023)
- Champlain Investment Partners, LLC Filed SCHEDULE 13G on MGP INGREDIENTS INC, latest May 14, 2025 (5 filings since Feb 11, 2022)
- FMR LLC Filed SCHEDULE 13G/A on MGP INGREDIENTS INC, latest Feb 12, 2025 (2 filings since Nov 12, 2024)
- Stephens Investment Management Group LLC Filed SC 13G/A on MGP INGREDIENTS INC, latest Feb 14, 2023 (2 filings since Feb 11, 2022)
- MGP INGREDIENTS INC Atchison, Kansas, United States
- Luxco, Inc. Subsidiary · Missouri, United States
- MGPI of Indiana, LLC Subsidiary · Delaware, United States
- MGPI Processing, Inc. Subsidiary · Kansas, United States
- NICHE DRINKS CO LTD Subsidiary · Londonderry, United Kingdom
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What MGP INGREDIENTS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $594.9M6 Dec 31, 2025 | $562.7M6 Dec 31, 2024 | +5.7% |
| Accumulated depreciation | $266.9M6 Dec 31, 2025 | $246.0M6 Dec 31, 2024 | +8.5% |
| Property and equipment, net | $328.0M6 Dec 31, 2025 | $316.7M6 Dec 31, 2024 | +3.6% |
| Operating-lease assets (leased space) | $13.8M6 Dec 31, 2025 | $15.5M6 Dec 31, 2024 | −10.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $18.5M6 Dec 31, 2025 | $25.3M6 Dec 31, 2024 | −27.0% |
| Stakes in other companies (equity method) | $8.2M6 Dec 31, 2025 | $7.0M6 Dec 31, 2024 | +16.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $115.7M6 Dec 31, 2025 | $247.8M6 Dec 31, 2024 | −53.3% |
| Intangible assets, net (excluding goodwill) | $244.7M6 Dec 31, 2025 | $268.5M6 Dec 31, 2024 | −8.8% |
| Indefinite-lived intangibles (excluding goodwill) | $192.5M6 Dec 31, 2025 | $213.0M6 Dec 31, 2024 | −9.6% |
| Finite-lived intangibles, net | $52.2M6 Dec 31, 2025 | $55.5M10 Dec 31, 2024 | −5.9% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Raw materials | $25.5M6 Dec 31, 2025 | $25.5M6 Dec 31, 2024 | +0.2% |
| Work in process | $2.8M6 Dec 31, 2025 | $1.7M6 Dec 31, 2024 | +66.3% |
| Finished goods | $42.3M6 Dec 31, 2025 | $44.0M6 Dec 31, 2024 | −3.8% |
| Supplies | $9.1M6 Dec 31, 2025 | $8.6M6 Dec 31, 2024 | +5.9% |
Properties, in its own words
As of February 25, 2026, our material properties include:
Location · Principal Activities · Segment
The rest of Item 2
United States:
Atchison, Kansas · Wheat flour processing, warehousing, research and quality control laboratories, office space, and a technical innovation center · Ingredient Solutions and Corporate
Leawood, Kansas · (a) · Office space · Corporate
Lawrenceburg and Greendale, Indiana · Distillery, warehousing, tank farm, quality control laboratory, and research and development · Branded Spirits and Distilling Solutions
Sunman, Indiana · Warehousing facility · Distilling Solutions
Williamstown, Kentucky · Warehousing facility · Distilling Solutions
Springfield, Kentucky · (a) · Warehousing facilities · Distilling Solutions
Lebanon, Kentucky · Distillery, office space, and retail location · Branded Spirits
Bardstown, Kentucky · Distillery, office space, retail location, and warehousing facilities · Branded Spirits and Distilling Solutions
St. Louis, Missouri · Bottling facility, warehousing facility, office space(a), and fulfillment center(a) · Branded Spirits and Corporate
Cleveland, Ohio · Bottling facility and office space · Branded Spirits
International:
Arandas, Mexico · (b) · Distillery, office space, and agave farm · Branded Spirits
Londonderry, Northern Ireland · Bottling and blending facility and office space · Branded Spirits
(a) Facility is leased.
(b) These properties are owned and operated by our joint ventures, Agricola and DGL.
These facilities are generally in good operating condition and are generally suitable for the business activity conducted therein. The properties, except as otherwise indicated above, are owned by the Company. We also own or lease transportation equipment and facilities and a gas pipeline.
Item 2 of the 10-K filed Feb 25, 2026.5
Leadership
Who has led MGP INGREDIENTS INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerBrandon Gall Jan 3, 2025 to Mar 13, 202514
- Chief executive officerJulie Maria Francis Jul 29, 2025 to now15
- Chief executive officerDavid S. Bratcher Feb 15, 2024 to Apr 3, 202416
- Chief executive officerDavid Colo Feb 17, 2023 to Dec 6, 202317
- Chief executive officerDon Tracy Jan 27, 2014 to Jan 27, 201418
- Chief executive officerRandy M. Schrick Jan 27, 2014 to Jun 12, 201419
- Chief executive officerAugustus C. Griffin Aug 4, 2014 to Mar 19, 202020
- Chief executive officerTimothy W. Newkirk Aug 12, 2008 to Jul 11, 201321
- Chief executive officerLaidacker M. Seaberg Aug 14, 2006 to Dec 11, 200722
- ChairL. Cray Cloud Jr. Aug 14, 2006 to Aug 14, 200623
- ChairLaidacker M. Seaberg Dec 8, 2006 to Dec 11, 200724
- PresidentBrandon Gall Jan 3, 2025 to Mar 13, 202514
- PresidentJulie Maria Francis Jul 29, 2025 to now15
- PresidentDavid Colo Feb 17, 2023 to Dec 6, 202317
- PresidentDavid S. Bratcher Apr 5, 2021 to Apr 3, 202425
- PresidentAugustus C. Griffin Aug 4, 2014 to Mar 19, 202020
- PresidentLaidacker M. Seaberg Aug 14, 2006 to Sep 13, 200622
- PresidentTimothy W. Newkirk Dec 8, 2006 to Jul 11, 201326
- Chief financial officerBrandon Gall Apr 10, 2019 to now27
- Chief financial officerThomas K. Pigott Sep 16, 2015 to Feb 27, 201928
- Chief financial officerDon Tracy Nov 5, 2009 to Mar 13, 201529
- Chief financial officerRobert J. Zonneveld Nov 18, 2008 to Nov 21, 200830
- Chief financial officerBrian T. Cahill May 17, 2006 to Aug 15, 200731
- Chief operating officerDavid S. Bratcher Feb 14, 2022 to Feb 17, 202332
- Chief operating officerTimothy W. Newkirk Mar 21, 2006 to Aug 15, 200733
Board members and other officers (49)
- Vice PresidentErika Lapish Jun 2, 2022 to now34
- Vice PresidentAmel Pasagic Jun 6, 2022 to now35
- Vice PresidentAndrew P. Mansinne Nov 16, 2016 to Mar 8, 202136
- Vice PresidentMichael Rodger Buttshaw Jan 7, 2015 to Feb 28, 202237
- National Director of SalesMichael Lasater Dec 7, 2012 to Jan 27, 201438
- Vice PresidentDavid E. Dykstra Aug 30, 2011 to Jun 2, 202239
- Executive Vice PresidentDonald G. Coffey Aug 13, 2009 to Jul 11, 201340
- Vice PresidentBrian T. Cahill Aug 12, 2008 to Sep 2, 200841
- Vice PresidentRandy M. Schrick Feb 21, 2006 to Feb 12, 201642
- Vice PresidentDavid E. Rindom May 17, 2006 to Mar 8, 202143
- Executive Vice PresidentMichael J. Trautschold May 17, 2006 to Sep 13, 200644
- Vice PresidentSteven J. Pickman May 17, 2006 to Oct 28, 201145
- Vice PresidentClodualdo Maningat May 19, 2006 to Jul 23, 201346
- Vice PresidentWilliam R. Thornton May 25, 2006 to Sep 2, 200847
- Vice President and CSOSukh Bassi May 31, 2006 to Aug 15, 200748
- Corporate SecretaryMarta L. Myers Aug 14, 2006 to Mar 5, 201249
- Board memberJulie Maria Francis Feb 25, 2026 to now50
- Board memberMercedes Romero May 15, 2026 to now51
- Board memberMartin F. Roper Apr 16, 2025 to now52
- Board memberJennifer Elaine Lowry May 22, 2025 to now53
- Board memberDavid S. Bratcher Feb 15, 2024 to Apr 3, 202416
- Board memberPreet H. Michelson May 27, 2022 to now54
- Board memberTodd B. Siwak May 27, 2022 to now55
- Board memberKevin Rauckman Jun 17, 2021 to now56
- Board memberNeha J. Clark Jun 17, 2021 to May 28, 202457
- Board memberThomas A. Gerke Jun 17, 2021 to now58
- Board memberDonn S. Lux Jun 22, 2021 to now59
- Board memberLori L.s. Mingus Jul 8, 2020 to now60
- Board memberLynn Jenkins Feb 8, 2019 to Jul 2, 202161
- Board memberSkelly Kerry A. Walsh Sep 20, 2019 to Jul 8, 202062
- Board memberJames L. Bareuther May 25, 2016 to Jul 2, 202163
- Board memberDavid Colo Sep 11, 2015 to Dec 6, 202364
- Board memberAnthony P. Foglio May 28, 2014 to Jan 20, 202265
- Board memberTerrence P. Dunn May 28, 2014 to Jul 2, 202166
- Board memberAugustus C. Griffin Sep 16, 2014 to Mar 19, 202067
- Board memberJohn P. Bridendall Dec 26, 2013 to Mar 16, 201668
- Board memberM. Jeannine Strandjord Dec 26, 2013 to Jul 7, 202269
- Board memberCloud L. Cray Jr. Oct 25, 2010 to Jun 30, 201570
- Board memberKaren Seaberg Sep 1, 2009 to now71
- Board memberTimothy W. Newkirk Nov 13, 2008 to Jul 11, 201372
- Board memberL. Cray Cloud Jr. Jun 19, 2007 to Aug 11, 201073
- Board memberRandy M. Schrick Feb 21, 2006 to Sep 2, 200842
- Board memberMichael Braude May 17, 2006 to Dec 31, 201374
- Board memberDaryl Schaller Aug 14, 2006 to Mar 13, 201875
- Board memberJ. Gary Gradinger Aug 14, 2006 to Dec 31, 201376
- Board memberJohn R. Speirs Aug 14, 2006 to Mar 15, 201377
- Board memberLaidacker M. Seaberg Aug 14, 2006 to Aug 13, 200922
- General counselKathleen Susan Molamphy Feb 25, 2026 to now78
- General counselCurtis C. Landherr Oct 19, 2022 to Feb 16, 202479
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- MIDWEST GRAIN PRODUCTS INCSep 9, 1994 to Oct 10, 20023
Timeline
- Oct 15, 20268-K Bylaws or fiscal year changed; Regulation FD disclosure80
- Aug 7, 20268-K Entered a material agreement81
- Jul 29, 20268-K Results of operations82
- May 14, 20268-K Shareholder vote83
- Apr 29, 20268-K Results of operations84
- Apr 7, 20268-K Regulation FD disclosure85
- Feb 25, 20268-K Results of operations86
- Feb 17, 20268-K Executive or director change87
- Dec 16, 20258-K Executive or director change; Bylaws or fiscal year changed88
- Oct 29, 20258-K Results of operations89
- Jul 31, 20258-K Results of operations90
- Jul 29, 2025New chief executive Julie Maria Francis becomes CEO15
- Jul 21, 20258-K Executive or director change; Regulation FD disclosure91
- Jan 3, 2025New chief executive Brandon Gall becomes CEO14
- Feb 15, 2024New chief executive David S. Bratcher becomes CEO16
- Feb 17, 2023New chief executive David Colo becomes CEO17
- Aug 4, 2014New chief executive Augustus C. Griffin becomes CEO20
- Jan 27, 2014New chief executive Randy M. Schrick becomes CEO19
- Jan 27, 2014New chief executive Don Tracy becomes CEO18
- Oct 18, 2011Founded MGP INGREDIENTS INC is founded2
- Aug 12, 2008New chief executive Timothy W. Newkirk becomes CEO21
- Aug 14, 2006New chief executive Laidacker M. Seaberg becomes CEO22
Calendar
Coming up
- Oct 28, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.85 a share, on Oct 29, 2025.92
When it reported results
- Jul 29, 2026Reported quarterly or annual results82
- Apr 29, 2026Reported quarterly or annual results84
- Feb 25, 2026Reported quarterly or annual results86
- Oct 29, 2025Reported quarterly or annual results89
- Jul 31, 2025Reported quarterly or annual results90
- May 1, 2025Reported quarterly or annual results93
- Feb 26, 2025Reported quarterly or annual results94
- Oct 31, 2024Reported quarterly or annual results95
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
579 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 305 insider forms, 41 large holders, 160 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Oct 1, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 15, 2026144/A EDGAR
- Sep 15, 2026144 EDGAR
- Aug 24, 20264 EDGAR
- Aug 17, 2026144 EDGAR
- Aug 7, 20268-K EDGAR
- Aug 6, 20264 EDGAR
- Jul 29, 2026SCHEDULE 13G EDGAR
- Jul 29, 2026S-8 EDGAR
- Jul 29, 202610-Q EDGAR
- Jul 29, 20268-K EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- Jul 2, 20264 EDGAR
- May 28, 20264 EDGAR
- May 20, 2026144 EDGAR
- May 15, 20264 EDGAR
- May 15, 20264 EDGAR
- May 15, 20264 EDGAR
The 579 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
181 open-market trades by officers, directors and large owners since October 2021: 16 buys and 165 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 16, 2026 | Lux Children Irrevocable Trust dated May 24, 201210% owner | Sale | 27,731 | $14.40 | $399.3K | Form 4 |
| Aug 20, 2026 | Lux Paul S.10% owner | Sale | 33,000 | $17.76 | $586.1K | Form 4 |
| May 27, 2026 | Kaplan Caroline Lux10% owner | Sale | 30,000 | $18.18 | $545.4K | Form 4 |
| May 26, 2026 | Kaplan Caroline Lux10% owner | Sale | 30,000 | $17.82 | $534.6K | Form 4 |
| Dec 10, 2025 | Seaberg KarenDirector | Sale | 81,616 | $25.84 | $2.1M | Form 4 |
| Dec 9, 2025 | Seaberg KarenDirector | Sale | 181,095 | $24.24 | $4.4M | Form 4 |
| Dec 8, 2025 | Seaberg KarenDirector | Sale | 41,824 | $24.16 | $1.0M | Form 4 |
| Nov 19, 2025 | Kaplan Caroline Lux10% owner | Sale | 30,000 | $23.28 | $698.5K | Form 4 |
| Nov 18, 2025 | Kaplan Caroline Lux10% owner | Sale | 30,000 | $23.85 | $715.6K | Form 4 |
| May 14, 2025 | Lux Donn S.Director | Sale | 50,000 | $32.37 | $1.6M | Form 4 |
| May 13, 2025 | Lux Donn S.Director | Sale | 50,000 | $33.05 | $1.7M | Form 4 |
| May 12, 2025 | Kaplan Caroline Lux10% owner | Sale | 32,500 | $33.41 | $1.1M | Form 4 |
| May 9, 2025 | Kaplan Caroline Lux10% owner | Sale | 13,731 | $33.10 | $454.5K | Form 4 |
| May 8, 2025 | Roper MartinDirector | Buy | 15,000 | $33.10 | $496.5K | Form 4 |
| May 1, 2025 | Mingus Lori L.S.Director | Sale | 335 | $32.09 | $10.8K | Form 4 |
| May 1, 2025 | Seaberg KarenDirector | Sale | 12,201 | $30.73 | $374.9K | Form 4 |
| Apr 1, 2025 | Mingus Lori L.S.Director | Sale | 778 | $28.89 | $22.5K | Form 4 |
| Apr 1, 2025 | Seaberg KarenDirector | Sale | 58,903 | $28.38 | $1.7M | Form 4 |
| Mar 14, 2025 | Siwak Todd B.Director | Sale | 653 | $30.67 | $20.0K | Form 4 |
| Mar 13, 2025 | Seaberg KarenDirector | Sale | 28,304 | $30.82 | $872.2K | Form 4 |
All 181 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G, 11 filings Feb 1, 2022 to Jul 29, 202696
- Federated HermesSCHEDULE 13G/A, 4 filings Nov 5, 2025 to Jul 8, 202697
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 27, 202698
- Donn S. LuxSCHEDULE 13D/A, 6 filings Feb 3, 2023 to Dec 12, 202599
- Karen SeabergSCHEDULE 13D/A, 7 filings Jan 27, 2023 to Dec 11, 2025100
- Champlain Investment Partners, LLCSCHEDULE 13G, 5 filings Feb 11, 2022 to May 14, 2025101
- FMR LLCSCHEDULE 13G/A, 2 filings Nov 12, 2024 to Feb 12, 2025102
- Stephens Investment Management Group LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 2023103
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Julie M. FrancisPresident and Chief Executive Officer | $398.1K | $5.0M104 | |
| 2025 | Brandon M. GallChief Financial Officer and Treasurer | $535.1K | $2.2M104 | |
| 2025 | Amel PasagicFormer Chief Commercial Officer | $448.3K | $832.9K104 | |
| 2025 | Erika LapishFormer Chief Human Resources Officer | $345.3K | $648.8K104 | |
| 2024 | Brandon M. GallChief Financial Officer and Treasurer | $483.6K | $1.4M104 | |
| 2024 | Amel PasagicFormer Chief Commercial Officer | $421.9K | $902.4K104 | |
| 2024 | Erika LapishFormer Chief Human Resources Officer | $316.2K | $733.7K104 | |
| 2023 | Brandon M. GallChief Financial Officer and Treasurer | $465.0K | $1.7M104 | |
| 2023 | Amel PasagicFormer Chief Commercial Officer | $344.0K | $1.1M104 | |
| 2023 | Erika LapishFormer Chief Human Resources Officer | $304.0K | $958.0K104 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Oct 31, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | +49.5% | Report |
| Oct 30, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | −49.9% | Report |
| Oct 30, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | +49.9% | Report |
| Sep 25, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | −55.5% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How MGP INGREDIENTS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMGP INGREDIENTS INC1
- CIK0000835011
- Employer ID (EIN)45-40825315
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inKansas5
- Fiscal year endsDecember 311
- Industry code (SIC)5180 Wholesale-Beer, Wine & Distilled Alcoholic Beverages1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address1300 Main St, Atchison, KS 660021
- Mailing address1300 Main Street, Atchison, KS 660021
- Phone91336714801
- Shares outstanding21,371,237 as of Apr 24, 202612
- Public float$423.0M as of Jun 30, 20255
- AuditorKPMG LLP, Kansas City, Missouri PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceSep 9, 19941
- Filings2,264 in all: 4 (1,005), 8-K (389), 5 (177), 144 (133), 10-Q (96), SC 13G/A (70), 4/A (46), 3 (41)1
All 41 form types
DEFA14A (37), 10-K (33), DEF 14A (33), SC 13G (23), SC 13D/A (22), DFAN14A (19), UPLOAD (15), 8-K/A (12), ARS (10), CORRESP (10), S-8 (10), 144/A (9), NO ACT (7), SCHEDULE 13G/A (7), SD (7), SCHEDULE 13D/A (6), DEFR14A (5), S-8 POS (5), SC 13D (5), SCHEDULE 13G (5), S-3ASR (4), 3/A (3), 5/A (3), CT ORDER (3), PRE 14A (3), PRRN14A (3), 10-K/A (2), 10-Q/A (1), DEFC14A (1), EFFECT (1), POS AM (1), POSASR (1), PREC14A (1)
- Latest filingsAnnual report (10-K) Feb 25, 2026
Quarterly report (10-Q) Jul 29, 2026
Proxy statement (DEF 14A) Apr 9, 2026
Latest 8-K (8-K) Oct 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, no par value | MGPI | Nasdaq Global Select Market |
From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks MGP INGREDIENTS INC names in Item 1A of its 10-K filed Feb 25, 2026: 36 risks under these headings, as written.5
- COMMERCIAL, COMPETITION, AND INDUSTRY RISKS
- Changes in consumer preferences and purchases, and our ability to anticipate or react to them, could negatively affect our business results.
- The markets for our products are very competitive, and our business could be negatively affected if we do not compete effectively. We may also be negatively impacted by industry dynamics and market conditions.
- Unfavorable economic conditions could negatively affect our business and financial results.
- Damage to our reputation, or that of any of our key customers or their products, could affect our business performance.
- A failure to introduce successful new brands and products or have effective marketing or advertising could adversely affect our results of operations.
- A change in public opinion about alcohol or our products could reduce demand for our brands and products.
- Failure of our distributors to distribute our branded spirits adequately within their territories could adversely affect our business.
- Our focus on higher margin specialty ingredients may make us more reliant on fewer, more profitable customer relationships.
- OPERATIONAL RISKS
- An interruption of operations or a catastrophic event at our facilities could negatively affect our business.
- We have made significant investment in the aging of barreled distillate. Decisions concerning the quantity of maturing stock of our aged distillate could materially affect our future profitability.
The other 26 risks
- The inability to successfully complete our capital projects or fund necessary capital expenditures could adversely impact us. Warehouse expansion issues could negatively impact our operations and our business.
- We have a high concentration of certain raw material and finished goods purchases from a limited number of suppliers, which exposes us to risk.
- Work disruptions or stoppages by our unionized workforce could cause interruptions in our operations.
- Climate change, or legal, regulatory, or market measures to address climate change, may negatively affect our business or operations, and water scarcity or quality could negatively impact our production costs and capacity.
- LEGAL, REGULATORY, AND COMPLIANCE RISKS
- We are subject to extensive regulation and taxation, as well as compliance with existing or future laws and regulations, which may require us to incur substantial expenditures.
- Tariffs imposed by the U.S. and other countries, as well as rapidly changing trade relations, could negatively impact our customers and have a material adverse effect on our business and results of operations.
- Changes in excise taxes, incentives, and customs duties related to products containing alcohol could adversely affect our business.
- We may not be able to adequately protect our intellectual property rights or may be accused of infringing intellectual property rights of third parties.
- Failure of our branded spirits to secure and maintain listings in control states could adversely affect our business.
- Significant additional labeling or warning requirements or limitations on the availability of our products could inhibit sales of affected products.
- Product recalls or other product liability claims could materially and negatively affect our business.
- Failure to comply with anti-corruption laws, trade sanctions, and restrictions, or similar laws or regulations may have a material adverse effect on our business and financial results.
- We are, and from time to time may become, subject to litigation, and adverse outcomes in such litigation could have a material adverse effect on our business.
- RISKS RELATED TO OUR CAPITAL STRUCTURE
- Common Stockholders have limited rights under our Articles of Incorporation.
- We have various mechanisms in place to discourage takeover attempts, which may reduce or eliminate stockholders’ ability to sell their shares for a premium in a change of control transaction. In addition, we could issue additional shares of Common Stock, which could adversely impact the market price of our Common Stock.
- GENERAL RISKS
- Higher costs or unavailability of raw materials, product ingredients, energy resources, or labor could adversely affect our financial results.
- A failure of one or more of our key information technology (“IT”) systems, networks, processes, associated sites, or service providers could have a negative impact on our business.
- We may not be able to successfully implement our strategies.
- An increase in interest rates would increase the cost of servicing our debt and could reduce our profitability.
- If we were to lose any of our key personnel, we may not be able to fully implement our strategic plan, and our system of internal controls could be impacted.
- We may be required to recognize impairment charges that could negatively affect our financial results.
- Our global business is subject to commercial, political, and financial risks.
- imposed by the U.S. and other countries, as well as rapidly changing trade relations, could negatively impact our customers and have a material adverse effect on our business and results of operations.
- Covenants and other provisions in our credit arrangements could hinder our ability to operate. Our failure to comply with covenants in our credit arrangements could result in the acceleration of the debt extended under such agreements, limit our liquidity, and trigger other rights of our lenders.
- Pandemics or other health crises could disrupt or otherwise negatively impact our operations, including the demand for our products and our ability to produce and deliver our products.
- Cash dividends and share repurchases are subject to uncertainties which could affect the price of our Common Stock.
Legal proceedings
The Company is, from time to time, a party to legal or regulatory proceedings arising in the ordinary course of its business. The discussion regarding litigation in Note 11, Commitments and Contingencies, included elsewhere in this Report is incorporated herein by reference.
In accordance with GAAP, we record a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These liabilities are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case or proceeding.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
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- 13
- 14
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- 17SEC EDGARDavid Colo, Chief executive officer
- 18SEC EDGARDon Tracy, Chief executive officer
- 19
- 20
- 21
- 22
- 23SEC EDGARL. Cray Cloud Jr., Chair
- 24SEC EDGARLaidacker M. Seaberg, Chair
- 25SEC EDGARDavid S. Bratcher, President
- 26SEC EDGARTimothy W. Newkirk, President
- 27
- 28
- 29SEC EDGARDon Tracy, Chief financial officer
- 30
- 31
- 32
- 33
- 34SEC EDGARErika Lapish, Vice President
- 35SEC EDGARAmel Pasagic, Vice President
- 36SEC EDGARAndrew P. Mansinne, Vice President
- 37
- 38
- 39SEC EDGARDavid E. Dykstra, Vice President
- 40
- 41SEC EDGARBrian T. Cahill, Vice President
- 42SEC EDGARRandy M. Schrick, Vice President
- 43SEC EDGARDavid E. Rindom, Vice President
- 44
- 45SEC EDGARSteven J. Pickman, Vice President
- 46SEC EDGARClodualdo Maningat, Vice President
- 47SEC EDGARWilliam R. Thornton, Vice President
- 48SEC EDGARSukh Bassi, Vice President and CSO
- 49SEC EDGARMarta L. Myers, Corporate Secretary
- 50SEC EDGARJulie Maria Francis, Board member
- 51SEC EDGARMercedes Romero, Board member
- 52SEC EDGARMartin F. Roper, Board member
- 53SEC EDGARJennifer Elaine Lowry, Board member
- 54SEC EDGARPreet H. Michelson, Board member
- 55SEC EDGARTodd B. Siwak, Board member
- 56SEC EDGARKevin Rauckman, Board member
- 57SEC EDGARNeha J. Clark, Board member
- 58SEC EDGARThomas A. Gerke, Board member
- 59SEC EDGARDonn S. Lux, Board member
- 60SEC EDGARLori L.s. Mingus, Board member
- 61SEC EDGARLynn Jenkins, Board member
- 62SEC EDGARSkelly Kerry A. Walsh, Board member
- 63SEC EDGARJames L. Bareuther, Board member
- 64SEC EDGARDavid Colo, Board member
- 65SEC EDGARAnthony P. Foglio, Board member
- 66SEC EDGARTerrence P. Dunn, Board member
- 67SEC EDGARAugustus C. Griffin, Board member
- 68SEC EDGARJohn P. Bridendall, Board member
- 69SEC EDGARM. Jeannine Strandjord, Board member
- 70SEC EDGARCloud L. Cray Jr., Board member
- 71SEC EDGARKaren Seaberg, Board member
- 72SEC EDGARTimothy W. Newkirk, Board member
- 73SEC EDGARL. Cray Cloud Jr., Board member
- 74SEC EDGARMichael Braude, Board member
- 75SEC EDGARDaryl Schaller, Board member
- 76SEC EDGARJ. Gary Gradinger, Board member
- 77SEC EDGARJohn R. Speirs, Board member
- 78
- 79SEC EDGARCurtis C. Landherr, General counsel
- 80
- 81SEC EDGAREntered a material agreement
- 82SEC EDGARResults of operations
- 83SEC EDGARShareholder vote
- 84SEC EDGARResults of operations
- 85SEC EDGARRegulation FD disclosure
- 86SEC EDGARResults of operations
- 87SEC EDGARExecutive or director change
- 88
- 89SEC EDGARResults of operations
- 90SEC EDGARResults of operations
- 91
- 92NasdaqNasdaq calendar
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