The Board of Directors of MGP Ingredients, Inc., is comprised of nine highly experienced individuals who have dedicated themselves to the Company’s success. The Board is responsible for providing oversight of the Company’s business management and affairs. Directors are required to act in the best interest of the company and its stockholder. The Board has been remains actively engaged in fulfilling these duties.
The Board Chairman is a non-management, independent Board member. Each Director, as well as all officers and employees, must comply with the Company’s Code of Conduct, which is posted in the Investor section of this website under Corporate Governance. Directors regularly attend meetings of the Board and the committees of which they are members. These committees regularly conduct executive sessions without management present.
On an annual basis, the Board’s Human Resources and Compensation Committee reviews succession planning. The review includes discussion of the principles for determining the succession of the Chief Executive Officer and other members of the Company’s senior executive team. Furthermore, Directors annually evaluate the performance of the Board and assess the skills of each member.
MGP Ingredients and its stockholder continue to benefit from an active and experienced Audit Committee, which provides oversight for the Company’s financial reporting, internal controls and the external audit. In addition, each committee annually evaluates its charter, responsibilities and performance in light of regulatory requirements and best practices.
Mr. Cray has been a director since 1957. His current term expires in 2016. Mr. Cray is a member of the Nominating and Governance Committee. He served as Chairman of the Board from 1980 until 2006 and as Chief Executive Officer from 1980 to September, 1988, and has been an officer or director of the Company for more than 50 years. He is the father of Karen Seaberg.» read more
Dr. Schaller has been a director since October, 1997. His current term expires in 2015. He is Chairman of the Human Resources and Compensation Committee and a member of the Audit Committee and Nominating and Governance Committee. He currently provides, and from 1996 through November 2001 provided, consulting services through his consulting firm, Schaller Consulting. He was Vice President of Research and Development of International Multifoods Corp., of Minneapolis, Minnesota, from November...» read more
Mr. Gradinger has been a director since June 2005. His current term expires in 2014. He is a member of the Audit Committee, the Human Resources and Compensation Committee and the Nominating and Governance Committee. Since 1983, he has served as the Chairman and Chief Executive Officer of Golden Star, Inc., a privately owned company which is engaged in the production of textile cleaning, communication and safety products. He also serves as a director of Buffalo Funds, Buffalo Large Cap...» read more
Mrs. Seaberg has been a director since August 2009. Her current term expires in 2014. She has been an executive travel agent with the Atchison Travel Center for the past 20 years and is co-owner of a local Long John Silver's franchise in Atchison, Kansas. Mrs. Seaberg is active in civic affairs at the local and national levels including the 2004-06 Lewis & Clark national Bicentennial Commemoration, the Atchison Chamber of Commerce and the Atchison River Front/Downtown Development. She...» read more
John P. Bridendall has been a director since December 2013. His current term expires in 2016. He is a member of the Audit Committee, the Nominating and Governance Committee, and the Human Resources and Compensation Committee. Mr. Bridendall, a private investor and consultant, has worked on an advisory basis with many well known beverage alcohol industry participants, institutional investors, and consumer products companies since 2007. From 2001 to 2007, he served as...» read more
M. Jeannine Strandjord has been a director since December 2013. Her current term expires in 2016. She is the Chairwoman of the Audit Committee and a member of the Board’s Nominating and Governance Committee and the Human Resources and Compensation Committee. Ms. Strandjord has over 40 years of financial management experience and was employed in three different and diverse industries after starting in public accounting on the audit staff of Ernst and Whinney in 1968. For 20 ...» read more