-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VZhUqByQmZPH18Z5r2nRgi4ZyG9fpkc3NkOdhvW6K/IxuDJA08fiqWkLGtgLMM4U 1eSHQGQTskTvSYkO2C+0gQ== 0001104659-07-066276.txt : 20070830 0001104659-07-066276.hdr.sgml : 20070830 20070830165408 ACCESSION NUMBER: 0001104659-07-066276 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20070830 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070830 DATE AS OF CHANGE: 20070830 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGP INGREDIENTS INC CENTRAL INDEX KEY: 0000835011 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] IRS NUMBER: 480531200 STATE OF INCORPORATION: KS FISCAL YEAR END: 0701 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17196 FILM NUMBER: 071091965 BUSINESS ADDRESS: STREET 1: 1300 MAIN ST CITY: ATCHISON STATE: KS ZIP: 66002 BUSINESS PHONE: 9133671480 MAIL ADDRESS: STREET 1: 1300 MAIN STREET CITY: ATCHISON STATE: KS ZIP: 66002 FORMER COMPANY: FORMER CONFORMED NAME: MIDWEST GRAIN PRODUCTS INC DATE OF NAME CHANGE: 19920703 8-K 1 a07-23006_18k.htm 8-K

 

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) August 30, 2007

MGP Ingredients, Inc.

(Exact name of registrant as specified in its charter)

KANSAS

 

0-17196

 

48-0531200

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

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):

o

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

 

o

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

 

o

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

 

o

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 




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

On August 30, the Board of Directors approved the appointment of Robert Zonneveld as Vice President — Finance and Administration and Chief Financial Officer, effective September 17, 2007.  He will replace Brian Cahill, who has served as Chief Financial Officer since October 2002.  Mr. Cahill will remain with the Company as Executive Vice President of the Company’s distillery products segment.

Mr. Zonneveld, who is 42 years old, has served since March of 2005 as the chief financial officer of Gowan Company, an international marketer of crop protection products based in Yuma, Arizona.  There he was responsible for the organization’s finance, information systems, risk management and legal departments.  From 1995 to February of 2005, he was employed by Standard Commercial Corp., a company engaged in business as an international leaf tobacco merchant and processor and headquartered in Wilson, North Carolina.  He began as a manager of business planning and was promoted in 1998 to vice president of finance, in which capacity he served until 2005 when he joined Gowan Company.  As vice president finance, he had responsibility for supervising all global financial, cost accounting and budgeting functions and financial and operational analyses, maintaining banking and financing relationships, and establishing financial and internal controls.  He worked as consolidation accountant for Dimon, Inc., of Danville, Virginia from 1990 to 1992 and served as controller for TEIC, U.S., a subsidiary of Dimon, from 1992 to 1994.  From 1989 to 1990 he worked as a staff auditor for BDO Seidman, Greensboro, North Carolina.  Mr. Zonneveld has a bachelor of science degree from Guilford College in accounting and business management and is a certified public accountant.

In connection with his employment by the Company, he will receive a $10,000 signing bonus and a starting annual base salary of $195,000.

Item 7.01  Regulation FD Disclosure.

Attached as Exhibit 99.1, and incorporated into this Item 7.01 by reference, is a press release issued on August 30, 2007 by the Company relating to the appointment of a new chief financial officer of the Company.

Attached as Exhibit 99.2, and incorporated into this Item 7.01 by reference, is a press release issued on August 30, 2007 by the Company relating to a dividend on the common stock declared by the Board of Directors.

Item 9.01 Financial Statements and Exhibits.

(d)   Exhibits.

99.1

Press Release dated August 30, 2007 relating to the appointment of a new chief financial officer, furnished solely for the purpose of incorporation by reference into Items  7.01 and 9.01.

 

 

 

 

99.2

Press Release  dated August 30, 2007 relating to dividends, furnished solely for the purpose of incorporation by reference into Item 7.01 and 9.01.

 

2




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: August 30, 2007

By:

/s/ Laidacker M. Seaberg

 

 

 

Laidacker M. Seaberg

 

 

 

Chairman of the Board and Chief Executive
Officer

 

 

3



EX-99.1 2 a07-23006_1ex99d1.htm EX-99.1

Exhibit 99.1

Contact:  Steve Pickman

913-367-1480

FOR IMMEDIATE RELEASE

ROBERT ZONNEVELD NAMED CFO AT MGP INGREDIENTS;
BRIAN CAHILL TO HEAD COMPANY’S DISTILLERY BUSINESS

ATCHISON, Kan., August 30, 2007—Ladd Seaberg, chairman and chief executive officer of MGP Ingredients, Inc. (Nasdaq/MGPI), today announced the appointment of Robert Zonneveld to the position of vice president of finance and administration and chief financial officer effective Sept. 17.  Zonneveld will succeed Brian Cahill, who, as previously announced, is moving to the newly created position of executive vice president of the company’s distillery products business segment, also effective Sept. 17.

“Robert brings a very impressive background and tremendous skills in global finance to his new position at MGP Ingredients,” Seaberg said.  “He will make an outstanding addition to our executive management team and is certain to enhance our strategic business development concepts and initiatives.”

Seaberg added: “With Robert coming on board, Brian will now be able to make the transition to his new role within our company.  As I have expressed previously, his financial acumen, extensive management experience, attention to detail and vast knowledge of alcohol industry dynamics will continue to serve him and MGPI well.  Having the distillery segment under his leadership will enable us to place increased focus on optimizing the strategic contributions from this important area of the company.”

Zonneveld, 42, has been actively involved in business planning and the development and execution of business strategies, both domestically and internationally, throughout his career. A financial executive and certified public accountant with extensive experience in both publicly-held and privately-owned companies, he most recently served for over two years as chief financial officer at the Gowan Company, an international marketer of crop protection products based in Yuma, Ariz.  There he was responsible for the organization’s finance, information systems, risk management and legal departments.

From 1995 to 2005, Zonneveld was employed by Standard Commercial Corp., a leaf tobacco merchandising and processing company headquartered in Wilson, N.C.  He began there as manager of business planning and was promoted in 1998 to vice president of finance with responsibility for supervising all global financial, cost accounting and budgeting functions and financial and operational analyses; maintaining banking and financing relationships; and establishing financial and internal controls.

-more-

 




ADD 1—ROBERT ZONNEVELD

From 1990 to 1992, Zonneveld worked as consolidation accountant for Dimon, Inc., Danville, Va., and then served for two years as controller for TEIC U.S., a subsidiary of Dimon.  Before that, Zonneveld spent one year as a staff auditor for BDO Seidman, Greensboro, N.C.  He joined that company immediately following graduation from Guilford College in Greensboro, where he earned a bachelor of science degree in accounting and business management in 1989.

“The direction of MGP Ingredients and the initiatives that the company is currently undertaking offer many exciting opportunities and challenges,” Zonneveld said. “I am looking forward to participating with the team in the continued growth and success of MGPI.”

Cahill has held the chief financial officer post at MGPI since October 2002.  From 1992 to 2002, he served as general manager of the company’s operations in Pekin, Ill.  He also spent 17 years as vice president of finance and administration at the Pekin plant.

Cahill began his business career as a tax accountant for the Pekin facility’s former owner, American Distilling Company, in 1975.  He was promoted to plant controller in 1977, and continued in that capacity when American Distilling was purchased by MGP Ingredients in 1980.  In 1984, Cahill was made manager of finance and administration.  A year later, he was elevated to vice president, and in 1992 was named general manager of the Illinois plant.

“I am very excited to be moving into a leadership role in our distillery products business and working directly with our distillery team,” Cahill said.  “We have many opportunities to continue to develop this long-established and successful area of our company as part of our overall strategic growth plan.  I am also very pleased to welcome Robert Zonneveld to MGP Ingredients and look forward to working with him as we move the company forward.”

A native of Chicago, Cahill received a bachelor of science degree in accounting from Bradley University, Peoria, Ill., in 1975 and his CPA certification a year later.  He is a member of the American Institute of Certified Public Accountants and the Illinois CPA Society, and has been active in United Way, Chamber of Commerce board functions, the Bradley University Business School Board and youth development programs.

About MGP Ingredients

In business since 1941, MGP Ingredients, Inc. is a recognized pioneer in the development and production of natural grain-based products.  These include specialty and commodity proteins and starches for food and non-food applications, food grade alcohol for beverage and industrial applications, and fuel grade alcohol, commonly known as ethanol.  The Company has facilities in Atchison, Kan., Pekin, Ill., Kansas City, Kan., and Onaga, Kan. that utilize the latest technologies to assure high quality products and to maintain efficient production and service capabilities.

###

 

 

 

2



EX-99.2 3 a07-23006_1ex99d2.htm EX-99.2

Exhibit 99.2

Contact:  Steve Pickman or Marta Myers

913-367-1480

FOR IMMEDIATE RELEASE:

MGP INGREDIENTS BOARD DECLARES DIVIDEND

ATCHISON, Kan., August 30, 2007—The Board of Directors of MGP Ingredients, Inc. (Nasdaq/MGPI) today declared a semi-annual dividend of 15 cents ($0.15) per share on the company’s common stock.  The dividend is payable on October 3, 2007 to stockholders of record as of September 18, 2007.

“MGP Ingredients has just completed a year of record sales and profitability, which, as previously announced, was driven by a strong performance in our distillery products segment,” said Board Chairman and Chief Executive Officer Ladd Seaberg.  “In consideration of this achievement and as a reflection of our optimism about future growth capabilities, the board is pleased to approve this dividend,” he added.

In business since 1941, MGP Ingredients is an innovative pioneer in the development and production of natural grain-based products, including specialty and commodity proteins and starches, and food grade and fuel grade alcohol.  The company operates facilities in Atchison, Kansas City and Onaga, Kan., and Pekin, Ill.

###

 



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