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MGP Ingredients Inc 8-K Filings

MGPI NASDAQ

Every 8-K that MGP Ingredients Inc (MGPI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow MGPI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGPI filings page.

Rhea-AI Summary

MGP Ingredients, Inc. entered into two amendments to its debt arrangements to change how certain potential receivable losses affect covenant calculations. Amendment No. 2 to its amended and restated credit agreement and an Eighth Amendment to its note purchase and private shelf agreement both revise the definition of Consolidated EBITDA.

The revisions allow the company, through December 31, 2027, to add back aggregate losses of up to $20,000,000 related to specified customer accounts receivable, with any future recoveries deducted from Consolidated EBITDA. This prevents these uncollected receivables from worsening compliance with key financial covenants, including a minimum consolidated fixed charge coverage ratio of 1.25 to 1.00 and a consolidated net leverage ratio not exceeding 4.00 to 1.00, or 4.50 to 1.00 during an Elevated Ratio Period. MGP has elected an Elevated Ratio Period beginning with the quarter ended June 30, 2026 in connection with earnout obligations from its Penelope Bourbon LLC acquisition. The company describes these steps as precautionary and states it believes leverage will peak in the third quarter of 2026 and then decline.

Rhea-AI Summary

MGP Ingredients, Inc. reported second quarter 2026 results with consolidated sales of $124.4 million and net income of $12.0 million, or $0.55 per basic share. Sales and gross profit fell 15% and 20% year over year, mainly from a 59% decline in brown goods sales within Distilling Solutions.

Adjusted net income was $15.8 million, adjusted basic EPS $0.72, and adjusted EBITDA $27.6 million, down 23% versus 2025 but ahead of management expectations. Branded Spirits held roughly flat sales with higher premium-plus growth and slightly improved gross margin, while Ingredient Solutions grew sales 2% but saw gross margin drop to 10.1% from 21.7% on higher waste starch costs.

The company reaffirmed its 2026 outlook for sales of $480–$500 million, adjusted EBITDA of $90–$98 million, and adjusted basic EPS of $1.50–$1.80, and expects about $20 million of capital expenditures and a ~23% effective tax rate. The board declared a quarterly dividend of $0.12 per share, payable August 28, 2026, and net debt leverage stood at 3.5x as of June 30, 2026.

Rhea-AI Summary

MGP Ingredients, Inc. held its 2026 Annual Meeting of Stockholders on May 13, 2026. Stockholders elected four Group A directors representing common stock and five Group B directors representing preferred stock. All director nominees received sufficient support to be elected.

Stockholders ratified KPMG LLP as independent registered public accounting firm for 2026, with 19,483,305 common shares voting for, 204,226 against and 2,763 abstaining, plus unanimous preferred support. They also approved, on an advisory basis, executive compensation and approved the Amended and Restated 2024 Equity Incentive Plan.

Rhea-AI Summary

MGP Ingredients, Inc. reported first-quarter 2026 results marked by large non-cash impairment charges but reaffirmed its full-year 2026 outlook and declared a $0.12 dividend. Sales fell 13% to $106.4 million, pressured by weaker brown goods in Distilling Solutions, while Ingredient Solutions grew 29%.

The company recorded $179.5 million of goodwill and indefinite-lived intangible impairments and a $26.9 million fixed-asset impairment, driving a net loss of $134.8 million, or $(6.30) per share. On an adjusted basis, net income was $3.3 million and adjusted basic EPS was $0.15, with adjusted EBITDA down 31% to $15.0 million. Management reaffirmed 2026 guidance for sales of $480–$500 million, adjusted EBITDA of $90–$98 million, and adjusted basic EPS of $1.50–$1.80.

Rhea-AI Summary

MGP Ingredients, Inc. is temporarily idling distilling operations at its Limestone Branch Distillery in Lebanon, Kentucky and Lux Row Distillers in Bardstown, Kentucky to better match production with current whiskey inventory levels. Distilling will continue at its largest facility in Lawrenceburg, Indiana to support brands, clients, and customers.

The idling takes effect on May 1, 2026, with operations expected to resume when inventories justify more production, which the company says could be as early as 12 months later. The decision affects 33 employees, and MGP is working directly with them during the transition. Warehousing, bottling, barrel programs, and visitor centers at both Kentucky sites will remain open.

The company states the change is not expected to affect product or service availability and it reaffirms its consolidated 2026 sales, adjusted EBITDA, and adjusted basic EPS guidance previously announced.

Rhea-AI Summary

MGP Ingredients reported weak fourth-quarter and full-year 2025 results driven by a large non-cash impairment and sharp volume declines in whiskey and ingredients. Full-year sales fell 24% to $536.4M, while gross profit dropped 30% to $199.4M and adjusted EBITDA declined 41% to $116.0M.

The company recorded a $152.6M goodwill and intangible impairment in Branded Spirits, pushing 2025 net income to a loss of $107.8M and basic EPS to $4.99 loss, though adjusted EPS was $2.85. Distilling Solutions revenue fell 45% as customers reduced brown-goods purchases, and Ingredient Solutions margins were hurt by equipment outages and higher waste costs.

Despite lower earnings, operating cash flow reached a record $121.5M, net debt leverage was 2.0x, and capex was cut 56% to $31.9M. For 2026, MGP guides sales to $480–$500M, adjusted EBITDA to $90–$98M, adjusted EPS to $1.50–$1.80, and capex around $20M.

Rhea-AI Summary

MGP Ingredients, Inc. reported leadership changes following a board-approved reorganization of certain roles. The company stated that the employment of Chief Human Resources Officer Erika Lapish and Chief Commercial Officer Amel Pasagic will conclude on February 20, 2026.

Both executives are eligible for severance payments under the company’s Executive Severance Plan, conditioned on signing a release and agreeing to post-employment covenants. The filing does not describe changes to other executive positions or provide financial details related to the reorganization beyond the severance eligibility.

Rhea-AI Summary

MGP Ingredients, Inc. reports changes to its board and bylaws. On December 11, 2025, director Karen Seaberg notified the company of her retirement from the board, effective at the end of the day on December 14, 2025.

On December 14, 2025, the holders of preferred stock, acting by written consent, elected President and Chief Executive Officer Julie Francis as a Group B director to fill the vacancy, effective December 15, 2025. She will not receive additional compensation for board service, and the board expects to nominate her for election at the 2026 annual meeting of stockholders.

Also on December 11, 2025, the board approved further amended and restated bylaws, effective immediately. The revisions allow common stockholders, as well as the board, to fill vacancies in Group A directors, require that Group B vacancies be filled only by preferred stockholders, and require that any written consent by preferred holders to fill a vacancy be signed by at least a majority of outstanding preferred shares entitled to elect Group B directors, along with other clarifying and conforming changes.

Rhea-AI Summary

MGP Ingredients, Inc. furnished a press release announcing financial results for the third quarter 2025, which ended September 30, 2025. The company provided the release under Item 2.02 of Form 8‑K, and included it as Exhibit 99.1.

The information was furnished on October 29, 2025 and is not deemed “filed” for purposes of Section 18 of the Exchange Act, nor incorporated by reference unless expressly stated. Common stock trades on the NASDAQ Global Select Market under the symbol MGPI.