http://www.mgpingredients.com/news-and-press RSS Feed for News & Press en-us Tue, 18 Jun 2013 13:28:23 GMT http://www.mgpingredients.com/news-and-press/MGP-Ingredients-Inc-Announces-Delay-in-Annual-Meeting-211965571.html ATCHISON, Kansas, June 18, 2013 - MGP Ingredients, Inc. (Nasdaq/MGPI) (the “Company”) announced today that it anticipates further delay in reconvening its annual meeting of stockholders (“Annual Meeting”). The Annual Meeting was called to order on May 23, 2013, but was adjourned due to a lack of quorum caused by the revocation of proxies by certain preferred stockholders, including the MGP Ingredients, Inc. Voting Trust u/a/d November 16, 2005, as amended (the “Voting Trust”). While there was a quorum of common stockholders at the Annual Meeting, a quorum of preferred stockholders was also required in order to continue the Annual Meeting. http://www.mgpingredients.com/news-and-press/MGPs-Master-Distillers-Perform-Key-Role-in-Ensuring-All-Products--211190601.html ATCHISON, Kan., June 12, 2013—In serving customers as an innovative producer of premium distilled spirits, MGP is able to tap into the talents of two highly accomplished master distillers, Randy Schrick, who is based at the company’s operations in Atchison, Kan., and Greg Metze, whose entire career has been spent at the company’s Lawrenceburg, Ind., facility. http://www.mgpingredients.com/news-and-press/MGP-Ingredients-Inc-Announces-Review-of-Strategic-Alternatives-209486751.html ATCHISON, Kansas, May 29, 2013 - MGP Ingredients, Inc. (Nasdaq:MGPI) (the "Company") today announced that the Board of Directors has authorized a review of strategic alternatives. The Board of Directors has established a Special Committee of six independent directors to conduct the review. The Special Committee has retained BMO Capital Markets Corp. as its financial advisor. http://www.mgpingredients.com/news-and-press/MGP-Ingredients-Inc-Planning-Response-to-Dissident-Shareholder-209152431.html ATCHISON, Kansas, May 28, 2013 - As previously announced, MGP Ingredients, Inc. (Nasdaq:MGPI) (the "Company") was to hold an annual meeting of stockholders on May 23, 2013 ("Annual Meeting"). There was a quorum of common stockholders present in person or by proxy at the Annual Meeting. However, the preferred stockholders revoked their proxies and so the Annual Meeting lacked a quorum. The Company's Board of Directors is assessing the impasse resulting from the preferred stockholder's refusal to be present at the Annual Meeting. http://www.mgpingredients.com/news-and-press/MGP-Ingredients-Inc-Adjourns-Annual-Meeting-208715621.html ATCHISON, Kansas, May 23, 2013 - MGP Ingredients, Inc. (Nasdaq/MGPI) (the “Company”) adjourned its 2013 annual meeting of shareholders scheduled for today due to a lack of quorum of preferred stock shareholders. There was a quorum of common stock shareholders. The Company will provide notice in the future as to the time and place for a recommencement of the 2013 annual meeting. http://www.mgpingredients.com/news-and-press/MGP-Ingredients-to-Webcast-Annual-Meeting-May-23-2013-206419871.html ATCHISON, Kan., May 7, 2013— MGP Ingredients, Inc. (Nasdaq/MGPI) today announced that the company will host a webcast of its Annual Meeting of Stockholders to be held Thursday, May 23, 2013 beginning at 10:00 a.m. (central time) at the Benedictine College Ferrell Academic Center, 1020 North 2nd Street, Atchison, Kansas. http://www.mgpingredients.com/news-and-press/MGP-Ingredients-Inc-Reports-First-Quarter-Results-206258431.html ATCHISON, Kansas, May 6, 2013 - MGP Ingredients, Inc. (Nasdaq/MGPI) (the “Company”) today reported results for the first quarter ended March 31, 2013. Net income for the first quarter was $1.4 million compared with net income of $1.8 million in the prior year. Net income in the first quarter of 2013 includes a previously announced $1.4 million gain on sale of discontinued operations. The Company sold its bioplastics manufacturing facility in Onaga, Kansas, and certain assets at the extruder bio-resin laboratory located in Atchison, Kansas. Net income in the prior-year period includes a gain of $4.0 million associated with the sale of a 20 percent interest in the Illinois Corn Processing (ICP) joint venture. http://www.mgpingredients.com/news-and-press/MGP-Expanding-Whiskey-and-Bourbon-Offerings-with-Addition-of-New-Mash-Bills-200104191.html ATCHISON, Kan., April 2, 2013—Continuing its legacy as a leading innovator in the distilled spirits industry, MGP (Nasdaq/MGPI) has announced the development of six additional mash bills for the production of new rye, malt and wheat whiskeys, as well as new bourbons, at the company’s Lawrenceburg, Ind., facility. http://www.mgpingredients.com/news-and-press/MGP-Ingredients-Inc-Reports-Q4-and-Year-End-2012-Results-197769671.html ATCHISON, Kan., March 12, 2013—MGP Ingredients, Inc. (Nasdaq:MGPI) (the "Company") today reported results for the fourth quarter and fiscal year ended December 31, 2012. Net income for the fourth quarter was $180,000, or $0.01 earnings per diluted share, compared with net income of $16.1 million, or $0.89 per diluted share, in the prior year. Net Income in the prior-year period includes a $13.0 million, or $0.77 per diluted share, asset acquisition gain (net of tax effect), associated with the acquisition of the company's Indiana distillery. http://www.mgpingredients.com/news-and-press/Health-Canada-Approves-MGPs-Resistant-Starches-as-Dietary-Fiber-Sources-195969241.html ATCHISON, Kan., March 7, 2013—Health Canada recently issued a letter of approval to MGP Ingredients, Inc. (Nasdaq/MGPI) regarding the classification of the company’s Fibersym® RW and FiberRite® RW resistant wheat starches as dietary fiber sources in unstandardized foods.