The Board of Directors of MGP Ingredients, Inc., is comprised of nine highly experienced individuals who have dedicated themselves to the Company’s success. Elected by stockholders on an annual basis, Board members are 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 stockholders. The Board has been and 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.
Annually, 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 stockholders 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. 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. He is a member of the Audit Committee, the Human Resources and Compensation Committee and the 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 2001 through June 2003. He retired from...» read more
Mrs. Seaberg has been a director since August 2009. 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 served on the Lewis & Clark...» read more
Mr. Bridendall has been a director since December 2013. He is Chairman of the Human Resources and Compensation Committee, and a member of the Audit Committee and the Nominating and Governance 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 Executive Vice President of...» read more
Ms. Strandjord has been a director since December 2013. 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 years, beginning in 1985, she held several...» read more
Mr. Dunn has been a director since May 2014. He is Chairman of the Nominating and Corporate Governance Committee, and a member of the Audit Committee and Human Resources and Compensation Committee. Mr. Dunn served as President and Chief Executive Officer of JE Dunn Construction Company from 1989 to 2005. He is currently President and Chief Executive Officer of JE Dunn Construction Group, Inc., the holding company for JE Dunn Construction Company and other affiliates across the U.S. He...» read more
Mr. Foglio has been a director since May 2014. He is a member of the Audit Committee, Human Resources and Compensation Committee, and Nominating and Governance Committee. Mr. Foglio’s career spans over 40 years in the beverage alcohol industry. Since 2010, he has served as Chairman of Anchor Brewers and Distillers. From 2008 until 2010, he was Chairman of Preiss Imports, which merged into Anchor Brewers and Distillers. Prior to that, as President and Chief Executive Officer and later...» read more
Mr. Page has been a director since May 2014. He is a member of the Nominating and Governance Committee, Audit Committee, and Human Resources and Compensation Committee. Mr. Page has served as President of Page Solutions, an independent engineering design and consulting firm, since 2013. An accomplished engineering and manufacturing professional, he holds several patents and is recognized as an industry expert in the fields of valve and bio-technology design. From 1998 to 2012, Mr. Page was...» read more