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MGP Solidifies Board Of Directors

By Joel Hardy

12/24/2013

(KAIR)--The past few months have not been the most steady for MGP Ingredients, and with the year coming to a close, the company's shareholders are busy ensuring that next year will be better. According to a press release from MGP, shareholders met last Tuesday after a nearly three month delay brought about by the former leadership of the company. During the meeting, Cloud L. “Bud” Cray Jr. was re elected to the company's Board of Directors by holders of the Company's common stock, and John Bridendall and Jeannine Strandjord were elected to the Board of Directors by holders of the Company's common stock and preferred stock, respectively. Board member Karen Seaberg says that the current leadership is happy they were finally able to have the audited release of the proxy vote and delighted that everything put before the vote passed with little to no issues.

Seaberg add that while this past year has been tough, there are high hopes for the coming year. 2014 will be a bit difficult with all of the expenses incurred recently, but they are positive that there will be good change in the company moving forward.

Also during the meeting, stockholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the year.

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