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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MGPI's next annual pay disclosure, estimated March 28, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| 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 Gall | 535,096 | 100,000 | 1,128,738 | 0 | 409,658 | 0 | 32,501 | 2,205,993 |
| Chief Financial Officer and Treasurer | ||||||||
| Amel Pasagic | 448,334 | 0 | 351,890 | 0 | 0 | 0 | 32,661 | 832,885 |
| Former Chief Commercial Officer | ||||||||
| Erika Lapish | 345,276 | 0 | 271,021 | 0 | 0 | 0 | 32,522 | 648,819 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Julie Francis | $4,980,533 | — | — | — |
| Brandon Gall | 2,205,993 | 1,437,089 | 1,668,018 | ↑ +768,904 |
| Amel Pasagic | 832,885 | 902,402 | 1,077,208 | ↓ −69,517 |
| Erika Lapish | 648,819 | 733,726 | 957,951 | ↓ −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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One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Donn Lux | Director | $212,300 |
| Gerardo I. Lopez | Independent Director | $253,625 |
| Jennifer Lowry | Independent Director | $256,525 |
| Karen L. Seaberg | Former director (through FY2025) | $179,125 |
| Kevin Rauckman | Independent Director | $188,120 |
| Lori L.S. Mingus | Independent Director | $185,000 |
| Martin Roper | Chair of the Board | $296,325 |
| Neha J. Clark | Former director (through FY2025) | $34,650 |
| Preet H. Michelson | Former director (through FY2025) | $37,500 |
| Thomas A. Gerke | Independent Director | $196,250 |
| Todd B. Siwak | Independent Director | $190,880 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Brandon Gall | RSU | 6,426 | — | $156,152 |
| Julie Francis | RSU | 61,762 | — | 1,500,817 |
| Julie Francis | RSU | 20,587 | — | 500,264 |
| Brandon Gall | RSU | 14,407 | — | 350,090 |
| Brandon Gall | RSU | 13,335 | — | 324,041 |
| Amel Pasagic | RSU | 8,397 | — | 204,047 |
| Amel Pasagic | RSU | 3,512 | — | 85,342 |
| Brandon Gall | RSU | 7,303 | — | 177,463 |
| Erika Lapish | RSU | 6,467 | — | 157,148 |
| Brandon Gall | RSU | 4,802 | — | 116,689 |
| Amel Pasagic | RSU | 3,691 | — | 89,691 |
| Erika Lapish | RSU | 3,395 | — | 82,499 |
| Erika Lapish | RSU | 3,104 | — | 75,427 |
| Amel Pasagic | RSU | 2,799 | — | 68,016 |
| Erika Lapish | RSU | 2,156 | — | 52,391 |
| Julie Francis | Option | 138,310 | 28.54 | — |
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 consultant | FW Cook |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-13 | 17,446,226 | 414,784 | 10,079 | 97.68% | Passed |
| 2025 | 2025-05-20 | 16,484,470 | 171,186 | 44,089 | 98.97% | Passed |
| 2024 | 2024-05-23 | 18,166,995 | 404,807 | 41,314 | 97.82% | Passed |
| 2023 | 2023-05-25 | 16,161,655 | 710,275 | 9,543 | 95.79% | Passed |
| 2022 | 2022-05-26 | 18,477,595 | 196,220 | 11,409 | 98.95% | Passed |
| 2021 | 2021-06-17 | 17,995,269 | 1,156,332 | 29,837 | 93.96% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-13 | 97.68%a |
| 2025 | 2025-05-20 | 98.97%b |
| 2024 | 2024-05-23 | 97.82%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.
| Ratio (CEO : median employee) | 70 : 1 |
|---|---|
| CEO total compensation | $5,961,923 |
| Median employee compensation | $85,345 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| 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 elected | 61,549 | 194,976 | — | — | — | 256,525 |
| Gerardo I. LopezIndependent · Audit · Human Resources and Compensation · Nominating and Governance · Newly elected | 58,639 | 194,986 | — | — | — | 253,625 |
| Donn LuxNot independent | 212,300 | 0 | — | — | — | 212,300 |
| Thomas A. GerkeIndependent · Human Resources and Compensation (Chair) | 91,258 | 104,992 | — | — | — | 196,250 |
| Todd B. SiwakIndependent · Nominating and Governance (Chair) | 85,888 | 104,992 | — | — | — | 190,880 |
| Kevin RauckmanIndependent · Audit · Human Resources and Compensation · Nominating and Governance · Not standing for re-election | 83,128 | 104,992 | — | — | — | 188,120 |
| Lori L.S. MingusIndependent · Human Resources and Compensation · Nominating and Governance | 185,000 | 0 | — | — | — | 185,000 |
| Karen L. SeabergNot independent · Departed during FY | 179,125 | 0 | — | — | — | 179,125 |
| Preet H. MichelsonIndependent · Departed during FY | 37,500 | 0 | — | — | — | 37,500 |
| Neha J. ClarkIndependent · Departed during FY | 34,650 | 0 | — | — | — | 34,650 |
| Julie M. FrancisEmployee director · Newly elected | — | — | — | — | — | 0 |
| 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 |
| Component | FY2025 |
|---|---|
| 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.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
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.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | MGP Ingredients | 2025 | Julie Francis | $398,077 | $2,300,008 | $1,655,571 | $384,164 | $4,980,533 |
| 2 | Hostess Brands, Inc. | 2025 | Howard Friedman | 968,289 | 2,699,044 | 0 | 609,936 | 4,391,269 |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| MGP Ingredients | 95%% | PSUs 75 · RSUs 25 | No | FW Cook |
| Hostess Brands, Inc. | not disclosed | not disclosed | not disclosed | F.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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Julie Francis | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Summary Compensation Table” · page 31. As printed: 4,980,533. Filing ↗machine: r2 · c48 · span 440917–440926 |
| 2 | Section 01, Brandon Gall | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Summary Compensation Table” · page 31. As printed: 2,205,993. Filing ↗machine: r3 · c48 · span 444529–444538 |
| 3 | Section 01, Amel Pasagic | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Summary Compensation Table” · page 31. As printed: 832,885. Filing ↗machine: r9 · c48 · span 464313–464320 |
| 4 | Section 01, Erika Lapish | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Summary Compensation Table” · page 31. As printed: 648,819. Filing ↗machine: r6 · c48 · span 454409–454416 |
| 5 | Section 07, pay ratio | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “CEO Pay Ratio”. As printed: 70 : 1. Filing ↗ |
| 6 | Section 08, Martin Roper | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 296,325. Filing ↗machine: span 753864–754167 |
| 7 | Section 08, Jennifer Lowry | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 256,525. Filing ↗machine: span 746200–746503 |
| 8 | Section 08, Gerardo I. Lopez | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 253,625. Filing ↗machine: span 744555–744858 |
| 9 | Section 08, Donn Lux | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 212,300. Filing ↗machine: span 746909–747148 |
| 10 | Section 08, Thomas A. Gerke | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 196,250. Filing ↗machine: span 742908–743211 |
| 11 | Section 08, Todd B. Siwak | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 190,880. Filing ↗machine: span 757233–757604 |
| 12 | Section 08, Kevin Rauckman | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 188,120. Filing ↗machine: span 752220–752523 |
| 13 | Section 08, Lori L.S. Mingus | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 185,000. Filing ↗machine: span 748370–748609 |
| 14 | Section 08, Karen L. Seaberg | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 179,125. Filing ↗machine: span 754794–755033 |
| 15 | Section 08, Preet H. Michelson | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 37,500. Filing ↗machine: span 750020–750258 |
| 16 | Section 08, Neha J. Clark | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 34,650. Filing ↗machine: span 740521–740790 |
| 17 | Section 08, Julie M. Francis | DEF 14A | 2026-04-09 | 0000835011-26-000058 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 18 | Section 06, 2026 vote | Form 8-K | 2026-05-14 | 0000835011-26-000074 | Item 5.07 · say-on-pay result. As reported: 97.68%. Filing ↗ |
| 19 | Section 06, 2025 vote | Form 8-K | 2025-05-27 | 0001628280-25-027903 | Item 5.07 · say-on-pay result. As reported: 98.97%. Filing ↗ |
| 20 | Section 06, 2024 vote | Form 8-K | 2024-05-28 | 0001628280-24-025466 | Item 5.07 · say-on-pay result. As reported: 97.82%. Filing ↗ |
| 21 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 22 | Section 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 |
| 23 | MGP Ingredients (subject), Section 10b CEO total | DEF 14A | 2026-04-09 | 0000835011-26-000058 | CEO total compensation as printed in MGP Ingredients's own proxy. As printed: 4,980,533. Filing ↗machine: r2 · c48 · span 440917–440926 |
| 24 | Hostess Brands, Inc., Section 10b CEO total | DEF 14A | 2026-03-12 | 0001193125-26-103020 | CEO total compensation as printed in Hostess Brands, Inc.'s own proxy. As printed: 4,391,269. Filing ↗machine: r5 · c22 · span 1911475–1911484 |
| 25 | Section 10a, Hostess Brands, Inc. reciprocity | DEF 14A | — | 0001193125-26-103020 | Hostess Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include MGP Ingredients. Filing ↗ |
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