Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-14

MGP Ingredients (MGPI)

CEO Julie Francis was paid $4,980,533 in fiscal year 2025, the 99th percentile of its disclosed peer group (SEC filing 0000835011-26-000058 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,980,533
Julie Francis total, FY2025
99th
CEO pay percentile vs peers
70:1
CEO-to-median pay ratio
97.68%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Julie Francis (President and Chief Executive Officer), FY2025 total compensation $4,980,533 (base salary $398,077) [exec_comp, SEC accession 0000835011-26-000058, filed 2026-04-09]

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MGPI's next annual pay disclosure, estimated March 28, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Julie Francis$398,077$100,000$2,300,008$1,655,571$384,164$0$142,713$4,980,533
President and Chief Executive Officer
Brandon Gall535,096100,0001,128,7380409,658032,5012,205,993
Chief Financial Officer and Treasurer
Amel Pasagic448,3340351,89000032,661832,885
Former Chief Commercial Officer
Erika Lapish345,2760271,02100032,522648,819
Former Chief Human Resources Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Julie Francis$4,980,533———
Brandon Gall2,205,9931,437,0891,668,018↑ +768,904
Amel Pasagic832,885902,4021,077,208↓ −69,517
Erika Lapish648,819733,726957,951↓ −84,907

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against MGPI
5 companies name MGPI as a compensation peer

The list of companies that name MGPI as a peer is temporarily unavailable — recheck shortly.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Donn LuxDirector$212,300
Gerardo I. LopezIndependent Director$253,625
Jennifer LowryIndependent Director$256,525
Karen L. SeabergFormer director (through FY2025)$179,125
Kevin RauckmanIndependent Director$188,120
Lori L.S. MingusIndependent Director$185,000
Martin RoperChair of the Board$296,325
Neha J. ClarkFormer director (through FY2025)$34,650
Preet H. MichelsonFormer director (through FY2025)$37,500
Thomas A. GerkeIndependent Director$196,250
Todd B. SiwakIndependent Director$190,880
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Brandon GallRSU6,426—$156,152
Julie FrancisRSU61,762—1,500,817
Julie FrancisRSU20,587—500,264
Brandon GallRSU14,407—350,090
Brandon GallRSU13,335—324,041
Amel PasagicRSU8,397—204,047
Amel PasagicRSU3,512—85,342
Brandon GallRSU7,303—177,463
Erika LapishRSU6,467—157,148
Brandon GallRSU4,802—116,689
Amel PasagicRSU3,691—89,691
Erika LapishRSU3,395—82,499
Erika LapishRSU3,104—75,427
Amel PasagicRSU2,799—68,016
Erika LapishRSU2,156—52,391
Julie FrancisOption138,31028.54—
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation program objectives are to align compensation with our business objectives and stockholders’ interests, to reward performance, to be externally competitive and internally equitable, and to attract and retain talent on a long-term basis.

CEO STI target (% of salary)NaN%
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1317,446,226414,78410,07997.68%Passed
20252025-05-2016,484,470171,18644,08998.97%Passed
20242024-05-2318,166,995404,80741,31497.82%Passed
20232023-05-2516,161,655710,2759,54395.79%Passed
20222022-05-2618,477,595196,22011,40998.95%Passed
20212021-06-1717,995,2691,156,33229,83793.96%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1397.68%a
20252025-05-2098.97%b
20242024-05-2397.82%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)70 : 1
CEO total compensation$5,961,923
Median employee compensation$85,345
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Martin RoperIndependent · Board Chair · Audit · Human Resources and Compensation · Nominating and Governance · Newly elected$101,339$194,986———$296,325
Jennifer LowryIndependent · Audit (Chair) · Newly elected61,549194,976———256,525
Gerardo I. LopezIndependent · Audit · Human Resources and Compensation · Nominating and Governance · Newly elected58,639194,986———253,625
Donn LuxNot independent212,3000———212,300
Thomas A. GerkeIndependent · Human Resources and Compensation (Chair)91,258104,992———196,250
Todd B. SiwakIndependent · Nominating and Governance (Chair)85,888104,992———190,880
Kevin RauckmanIndependent · Audit · Human Resources and Compensation · Nominating and Governance · Not standing for re-election83,128104,992———188,120
Lori L.S. MingusIndependent · Human Resources and Compensation · Nominating and Governance185,0000———185,000
Karen L. SeabergNot independent · Departed during FY179,1250———179,125
Preet H. MichelsonIndependent · Departed during FY37,5000———37,500
Neha J. ClarkIndependent · Departed during FY34,6500———34,650
Julie M. FrancisEmployee director · Newly elected—————0
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$105,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)17,500 / 12,500 / 10,500
Stock ownership guideline$3
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,130,376
Equity awards (grant-date value)$899,924
All other compensation$0
Total cost of the board$2,030,300

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Company expense Vintage Wine Estates, Inc. No peer group disclosed (no roster named in filing)UTZ Hostess Brands, Inc.
10a

Peer reciprocity

Of the companies MGP Ingredients names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including MGP Ingredients.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1MGP Ingredients2025Julie Francis$398,077$2,300,008$1,655,571$384,164$4,980,533
2Hostess Brands, Inc.2025Howard Friedman968,2892,699,0440609,9364,391,269

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
MGP Ingredients95%%PSUs 75 · RSUs 25NoFW Cook
Hostess Brands, Inc.not disclosednot disclosednot disclosedF.W. Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at MGP Ingredients in fiscal 2025?
As disclosed, Julie Francis (President and Chief Executive Officer) was the highest-paid executive at MGP Ingredients in fiscal 2025, with total compensation of $4,980,533.
How does MGP Ingredients's chief executive pay compare to its disclosed peer group?
As disclosed, Julie Francis's total compensation ranked at the 99th percentile of MGP Ingredients's disclosed peer group.
What is MGP Ingredients's CEO-to-median employee pay ratio?
As disclosed, MGP Ingredients's CEO-to-median employee pay ratio was 70:1.
How did shareholders vote on MGP Ingredients's executive compensation?
As disclosed, 97.68% of shareholders supported MGP Ingredients's executive compensation in the latest say-on-pay vote.
How much does MGP Ingredients spend in total on board compensation for fiscal 2025?
As disclosed, MGP Ingredients reported total board compensation of $2,030,300 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Julie FrancisDEF 14A2026-04-090000835011-26-000058Section “Summary Compensation Table” · page 31. As printed: 4,980,533. Filing ↗machine: r2 · c48 · span 440917–440926
2Section 01, Brandon GallDEF 14A2026-04-090000835011-26-000058Section “Summary Compensation Table” · page 31. As printed: 2,205,993. Filing ↗machine: r3 · c48 · span 444529–444538
3Section 01, Amel PasagicDEF 14A2026-04-090000835011-26-000058Section “Summary Compensation Table” · page 31. As printed: 832,885. Filing ↗machine: r9 · c48 · span 464313–464320
4Section 01, Erika LapishDEF 14A2026-04-090000835011-26-000058Section “Summary Compensation Table” · page 31. As printed: 648,819. Filing ↗machine: r6 · c48 · span 454409–454416
5Section 07, pay ratioDEF 14A2026-04-090000835011-26-000058Section “CEO Pay Ratio”. As printed: 70 : 1. Filing ↗
6Section 08, Martin RoperDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 296,325. Filing ↗machine: span 753864–754167
7Section 08, Jennifer LowryDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 256,525. Filing ↗machine: span 746200–746503
8Section 08, Gerardo I. LopezDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 253,625. Filing ↗machine: span 744555–744858
9Section 08, Donn LuxDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 212,300. Filing ↗machine: span 746909–747148
10Section 08, Thomas A. GerkeDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 196,250. Filing ↗machine: span 742908–743211
11Section 08, Todd B. SiwakDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 190,880. Filing ↗machine: span 757233–757604
12Section 08, Kevin RauckmanDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 188,120. Filing ↗machine: span 752220–752523
13Section 08, Lori L.S. MingusDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 185,000. Filing ↗machine: span 748370–748609
14Section 08, Karen L. SeabergDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 179,125. Filing ↗machine: span 754794–755033
15Section 08, Preet H. MichelsonDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 37,500. Filing ↗machine: span 750020–750258
16Section 08, Neha J. ClarkDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 34,650. Filing ↗machine: span 740521–740790
17Section 08, Julie M. FrancisDEF 14A2026-04-090000835011-26-000058Section “Director Compensation”. As printed: 0. Filing ↗
18Section 06, 2026 voteForm 8-K2026-05-140000835011-26-000074Item 5.07 · say-on-pay result. As reported: 97.68%. Filing ↗
19Section 06, 2025 voteForm 8-K2025-05-270001628280-25-027903Item 5.07 · say-on-pay result. As reported: 98.97%. Filing ↗
20Section 06, 2024 voteForm 8-K2024-05-280001628280-24-025466Item 5.07 · say-on-pay result. As reported: 97.82%. Filing ↗
21Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
22Section 09b board cost (computed)Computed——Cash 1,130,376 + equity 899,924 + all other 0 = 2,030,300, summed across the director compensation table rows.machine: formula: Σ = 2,030,300
23MGP Ingredients (subject), Section 10b CEO totalDEF 14A2026-04-090000835011-26-000058CEO total compensation as printed in MGP Ingredients's own proxy. As printed: 4,980,533. Filing ↗machine: r2 · c48 · span 440917–440926
24Hostess Brands, Inc., Section 10b CEO totalDEF 14A2026-03-120001193125-26-103020CEO total compensation as printed in Hostess Brands, Inc.'s own proxy. As printed: 4,391,269. Filing ↗machine: r5 · c22 · span 1911475–1911484
25Section 10a, Hostess Brands, Inc. reciprocityDEF 14A—0001193125-26-103020Hostess Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include MGP Ingredients. Filing ↗

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