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[8-K] MGP Ingredients Inc Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Uni-Fuels Holdings Limited filed a Form 6-K dated 21 July 2025.

  • The filing furnishes a press release announcing the Company’s first commercial paper issuance on the ADDX digital securities exchange.
  • The tranche was oversubscribed, raising USD 3 million.

No information is provided on coupon, tenor, pricing, use-of-proceeds or comparative liquidity metrics, so the overall balance-sheet impact cannot be fully evaluated from this filing alone.

Uni-Fuels Holdings Limited ha presentato un modulo 6-K datato 21 luglio 2025.

  • Il documento include un comunicato stampa che annuncia la prima emissione di commercial paper della Società sulla piattaforma di titoli digitali ADDX.
  • La tranche è stata sovrasottoscritta, raccogliendo 3 milioni di USD.

Non sono fornite informazioni su cedola, durata, prezzo, utilizzo dei proventi o metriche di liquidità comparativa, pertanto l'impatto complessivo sul bilancio non può essere completamente valutato solo da questo documento.

Uni-Fuels Holdings Limited presentó un Formulario 6-K con fecha 21 de julio de 2025.

  • La presentación incluye un comunicado de prensa que anuncia la primera emisión de papel comercial de la Compañía en la bolsa de valores digitales ADDX.
  • La emisión fue sobresuscrita, recaudando 3 millones de USD.

No se proporciona información sobre cupón, plazo, precio, uso de los fondos o métricas comparativas de liquidez, por lo que el impacto total en el balance no puede evaluarse completamente solo con esta presentación.

Uni-Fuels Holdings Limited는 2025년 7월 21일자 Form 6-K를 제출했습니다.

  • 해당 제출서에는 회사의 첫 상업어음 발행을 ADDX 디지털 증권 거래소에서 발표하는 보도자료가 포함되어 있습니다.
  • 이번 트랜치는 초과 청약되어 300만 미국 달러를 조달했습니다.

쿠폰, 만기, 가격, 자금 사용처 또는 비교 유동성 지표에 대한 정보가 제공되지 않아, 이 제출서만으로는 전체 재무상태표에 미치는 영향을 완전히 평가할 수 없습니다.

Uni-Fuels Holdings Limited a déposé un formulaire 6-K daté du 21 juillet 2025.

  • Le dépôt comprend un communiqué de presse annonçant la première émission de papier commercial de la société sur la bourse de titres numériques ADDX.
  • La tranche a été sursouscrite, levant 3 millions de dollars US.

Aucune information n’est fournie concernant le coupon, la durée, le prix, l’utilisation des fonds ou les métriques de liquidité comparatives, de sorte que l’impact global sur le bilan ne peut être entièrement évalué à partir de ce seul dépôt.

Uni-Fuels Holdings Limited hat am 21. Juli 2025 ein Formular 6-K eingereicht.

  • Die Einreichung enthält eine Pressemitteilung, die die erste Commercial Paper-Emission des Unternehmens an der digitalen Wertpapierbörse ADDX ankündigt.
  • Die Tranche war überzeichnet und erzielte 3 Millionen USD.

Es werden keine Informationen zu Kupon, Laufzeit, Preisgestaltung, Verwendung der Erlöse oder vergleichbaren Liquiditätskennzahlen bereitgestellt, sodass die Gesamtbilanzwirkung anhand dieser Einreichung allein nicht vollständig bewertet werden kann.

Positive
  • Oversubscribed USD 3 million commercial paper issuance demonstrates investor demand and adds incremental liquidity.
Negative
  • No disclosure of coupon, tenor, pricing or use-of-proceeds limits evaluation of funding cost and strategic impact.
  • Small issuance size suggests limited balance-sheet effect unless the Company’s scale is very small.

Insights

TL;DR: Small but oversubscribed $3 m CP deal hints at demand; financial impact unclear without terms.

The disclosed USD 3 million commercial paper issuance is the Company’s first use of ADDX’s digital platform. Oversubscription signals investor appetite and may slightly lower funding costs versus traditional channels. However, the absence of maturity, coupon or use-of-proceeds data prevents assessment of cost of capital or leverage effects. Given the modest size, the event is likely liquidity-positive but not materially transformative.

Uni-Fuels Holdings Limited ha presentato un modulo 6-K datato 21 luglio 2025.

  • Il documento include un comunicato stampa che annuncia la prima emissione di commercial paper della Società sulla piattaforma di titoli digitali ADDX.
  • La tranche è stata sovrasottoscritta, raccogliendo 3 milioni di USD.

Non sono fornite informazioni su cedola, durata, prezzo, utilizzo dei proventi o metriche di liquidità comparativa, pertanto l'impatto complessivo sul bilancio non può essere completamente valutato solo da questo documento.

Uni-Fuels Holdings Limited presentó un Formulario 6-K con fecha 21 de julio de 2025.

  • La presentación incluye un comunicado de prensa que anuncia la primera emisión de papel comercial de la Compañía en la bolsa de valores digitales ADDX.
  • La emisión fue sobresuscrita, recaudando 3 millones de USD.

No se proporciona información sobre cupón, plazo, precio, uso de los fondos o métricas comparativas de liquidez, por lo que el impacto total en el balance no puede evaluarse completamente solo con esta presentación.

Uni-Fuels Holdings Limited는 2025년 7월 21일자 Form 6-K를 제출했습니다.

  • 해당 제출서에는 회사의 첫 상업어음 발행을 ADDX 디지털 증권 거래소에서 발표하는 보도자료가 포함되어 있습니다.
  • 이번 트랜치는 초과 청약되어 300만 미국 달러를 조달했습니다.

쿠폰, 만기, 가격, 자금 사용처 또는 비교 유동성 지표에 대한 정보가 제공되지 않아, 이 제출서만으로는 전체 재무상태표에 미치는 영향을 완전히 평가할 수 없습니다.

Uni-Fuels Holdings Limited a déposé un formulaire 6-K daté du 21 juillet 2025.

  • Le dépôt comprend un communiqué de presse annonçant la première émission de papier commercial de la société sur la bourse de titres numériques ADDX.
  • La tranche a été sursouscrite, levant 3 millions de dollars US.

Aucune information n’est fournie concernant le coupon, la durée, le prix, l’utilisation des fonds ou les métriques de liquidité comparatives, de sorte que l’impact global sur le bilan ne peut être entièrement évalué à partir de ce seul dépôt.

Uni-Fuels Holdings Limited hat am 21. Juli 2025 ein Formular 6-K eingereicht.

  • Die Einreichung enthält eine Pressemitteilung, die die erste Commercial Paper-Emission des Unternehmens an der digitalen Wertpapierbörse ADDX ankündigt.
  • Die Tranche war überzeichnet und erzielte 3 Millionen USD.

Es werden keine Informationen zu Kupon, Laufzeit, Preisgestaltung, Verwendung der Erlöse oder vergleichbaren Liquiditätskennzahlen bereitgestellt, sodass die Gesamtbilanzwirkung anhand dieser Einreichung allein nicht vollständig bewertet werden kann.

FALSE000083501100008350112025-07-182025-07-18

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 18, 2025

MGP Ingredients, Inc.
(Exact name of registrant as specified in its charter)
Kansas0-1719645-4082531
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
Cray Business Plaza
100 Commercial Street
Box 130
Atchison, Kansas 66002
(Address of principal executive offices) (Zip Code)

(913) 367-1480
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, no par valueMGPINASDAQ Global Select Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 21, 2025, MGP Ingredients, Inc. (the “Company”) announced that its Board of Directors (the “Board”) appointed Julie Francis as President and Chief Executive Officer of the Company, effective July 21, 2025. Brandon M. Gall, who had been serving in the additional position of Interim President and Chief Executive Officer, will continue in his position as Chief Financial Officer.

Ms. Francis, age 54, previously served as Chief Operating Officer of Schwan’s Company, an affiliate of CJ CheilJedang Corporation, an international food company, from January 2021 to July 2024, prior to which she was President, Consumer Brands, Americas – Schwan’s Company from 2018 to 2020. Previously, she served as Senior Vice President, Commercial and Category Development – Total Beverage Alcohol at Constellation Brands from 2017 to 2018. Earlier in her career, Ms. Francis served in increasing roles of responsibility first at Coca-Cola Enterprise and then at The Coca-Cola Company. Ms. Francis currently is a member of the Board of Directors of Ascend Wellness Holdings, Inc.

In connection with the appointment of Ms. Francis as President and Chief Executive Officer, the Company entered into an offer letter agreement with Ms. Francis dated July 18, 2025 (the “Offer Letter”), the material terms of which are summarized below.

Base Salary. Ms. Francis will receive an initial annual base salary of $900,000, which may be increased, but not decreased, by the Human Resources and Compensation Committee of the Board (the “Committee”) from time to time.

Short-Term Incentive. Ms. Francis will be eligible to participate in the Company’s Short-Term Incentive Plan (as may be amended from time to time, the “STI Plan”), with a target STI Plan payment equal to 100% of her annual base salary. Her actual STI Plan award for 2025 will be prorated for the portion of fiscal 2025 during which Ms. Francis is employed, and the payout amount will be determined by the Committee based on the attainment by the Company of the same performance conditions for fiscal 2025 as previously approved for STI Plan awards to the Company’s other executive officers.

Long-Term Incentive. Ms. Francis will be eligible to participate in the Company’s long-term equity incentive (“LTI”) program. For 2025, she will be granted equity awards with a target grant date fair value of $2,300,000, with 25% of such value in the form of restricted stock units that are scheduled to vest in three equal annual installments and 75% in the form of performance stock units that are eligible to vest on the third anniversary of the grant date, with the same performance conditions as previously approved for LTI awards to the Company’s other executive officers. The 2025 LTI awards will be granted on substantially the same forms of restricted stock unit and performance stock unit award agreements previously approved by the Committee. Ms. Francis’ LTI award for fiscal 2026 will also have a target value of $2,300,000.

Sign-On Cash Bonus and Stock Option Award. Ms. Francis will receive a $100,000 cash bonus on or about the commencement of her employment, subject to repayment if her employment ends prior to the one-year anniversary of commencement of her employment due to a voluntary resignation or a termination by the Company for cause. In addition, Ms. Francis will be granted the number of stock options determined by dividing $1,500,000 by 38% of the closing stock price of the Company’s common shares on the grant date, and that are scheduled to vest in full on the second anniversary of the grant date. Vesting of stock options will accelerate in the event of death, disability, or a termination without cause or for good reason within 18 months following a change in control.

Severance. Ms. Francis will be eligible for severance benefits pursuant to the terms and conditions of the Company’s Executive Severance Plan, subject to the following modifications: (i) provided Ms. Francis has resigned from any cannabis-related business activities, any failure by the Company to nominate her to serve on the Board in connection with the Company’s 2026 annual meeting of stockholders would entitle her to resign for “good reason”, (ii) any failure by Ms. Francis to resign from any cannabis-related business activities prior to the Company’s 2026 annual meeting of stockholders will constitute “cause,” (iii) a relocation of Ms. Francis’s principal place of employment by



more than 75 miles due to the designation of new corporate headquarters will not constitute “good reason” if the Board and Ms. Francis are aligned on the relocation decision, and (iv) the Company may not terminate Ms. Francis for “cause” unless the violation is curable and the Company first provides Ms. Francis an opportunity to cure conduct involving any willful failure to perform her duties or violation of the Company's written policies or codes of conduct. The same modifications to the “cause” and “good reason” definitions described above will also apply to the definitions of such terms for STI Plan and equity awards granted to Ms. Francis.

Relocation and Other Benefits. Ms. Francis will be eligible to receive a stipend of $100,000, payable in four equal installments beginning on or about the commencement of her employment and the three-, six- and nine-month anniversaries thereof for temporary housing and commuting expenses. She will also receive a payment of $10,000 intended to cover legal expenses associated with negotiation of the Offer Letter and related matters. Ms. Francis will be eligible to participate in any perquisite programs provided to senior officers of the Company, including a vehicle allowance of $1,200 per month and a gas allowance in accordance with Company policy.

Restrictive Covenants. In connection with the Offer Letter, Ms. Francis and the Company entered into an Employee Creation, Invention and Restrictive Covenant Agreement which includes an 18-month post-employment non-compete covenant and a 24-month post-employment non-solicit covenant applying to employees and customers as well as confidentiality covenants and an agreement to assign any creations or inventions to the Company.

The foregoing descriptions of the Offer Letter and the form of stock option agreement are qualified by reference to the full text of the agreements, which are filed as Exhibits 10.1 and 10.2 hereto, respectively.

Item 7.01. Regulation FD Disclosure.

Attached as Exhibit 99.1 is a press release announcing the appointment of Ms. Francis as President and Chief Executive Officer and reaffirming the Company’s full year 2025 financial outlook. The information contained in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit NumberDescription
10.1
Offer Letter between Julie Francis and MGP Ingredients, Inc. dated as of July 18, 2025
10.2
Form of Non-Qualified Stock Option Agreement between Julie Francis and MGP Ingredients, Inc.
99.1
Press release dated July 21, 2025
104The cover page from this Current Report on Form 8-K, formatted in iXBRL (Inline Extensible Business Reporting Language)











SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


                        MGP INGREDIENTS, INC.
Date: July 21, 2025
By:/s/ Brandon M. Gall
Brandon M. Gall, Chief Financial Officer

FAQ

What did Uni-Fuels (UFG) announce in its July 21 2025 Form 6-K?

The filing reports completion of the Company’s first, oversubscribed USD 3 million commercial paper issuance on ADDX.

How much capital did Uni-Fuels raise through the commercial paper issuance?

The Company raised USD 3 million.

Was the Uni-Fuels commercial paper offering successful?

Yes. The filing states the issuance was oversubscribed, indicating demand exceeded supply.

Which platform handled the Uni-Fuels commercial paper issuance?

The issuance was conducted on the ADDX digital securities platform.

Does the filing disclose interest rate or maturity terms of the paper?

No. The Form 6-K does not include coupon, tenor or pricing details.
Mgp Ingredients Inc

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