Companies MGP Ingredients Inc

MGP Ingredients (MGPI): executive pay, fiscal 2025

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CEO total pay$4,980,533CEO Julie Francis · source

Say-on-pay support97.68%Latest vote · source

CEO vs. named peers99th pct.Of 4 peer CEOs

CEO pay ratio70:1To the median employee · source

CEO pay, last three years

$4,980,533FY2025

CEO total pay was $4,980,533 in fiscal 2025; the brief holds no earlier figure for this CEO.

FY2025: salary $398,077 · bonus $100,000 · stock awards $2,300,008 · option awards $1,655,571

Executives and directors

Erika Lapish · Chief Human Resources Officer Amel Pasagic · CCO Brandon Gall · CFO Julie Francis · CEO Donn Lux · Director Gerardo I. Lopez · Independent Director Jennifer Lowry · Independent Director Karen L. Seaberg · Former director (through FY2025)Kevin Rauckman · Independent Director Lori L.S. Mingus · Independent Director Martin Roper · Chair of the Board Neha J. Clark · Former director (through FY2025)Preet H. Michelson · Former director (through FY2025)Thomas A. Gerke · Independent Director Todd B. Siwak · Independent Director

Frequently asked questions

Who was the highest-paid executive at MGP Ingredients Inc in fiscal 2025?

As disclosed, Julie Francis (President and Chief Executive Officer) was the highest-paid executive at MGP Ingredients Inc in fiscal 2025, with total compensation of $4,980,533.

How does MGP Ingredients Inc'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 Inc's disclosed peer group.

What is MGP Ingredients Inc's CEO-to-median employee pay ratio?

As disclosed, MGP Ingredients Inc's CEO-to-median employee pay ratio was 70:1.

How did shareholders vote on MGP Ingredients Inc's executive compensation?

As disclosed, 97.68% of shareholders supported MGP Ingredients Inc's executive compensation in the latest say-on-pay vote.

How much does MGP Ingredients Inc spend in total on board compensation for fiscal 2025?

As disclosed, MGP Ingredients Inc 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.

Full detail

Every table from the filing. Open any section.

Summary compensation table

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.

Three-year trend — total compensation per named executive

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.

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 consultant	FW Cook
Clawback policy	true
Anti-hedging	true
Anti-pledging	true

Equity grants and outstanding awards

No plan-based awards are on file for this fiscal year.

Outstanding equity awards at fiscal year-end 2025

Executive	Award	Shares unvested	Exercise price	Market value unvested
Erika Lapish	RSU	2,156	—	$52,391
Amel Pasagic	RSU	2,799	—	68,016
Erika Lapish	RSU	3,104	—	75,427
Erika Lapish	RSU	3,395	—	82,499
Amel Pasagic	RSU	3,512	—	85,342
Amel Pasagic	RSU	3,691	—	89,691
Brandon Gall	RSU	4,802	—	116,689
Brandon Gall	RSU	6,426	—	156,152
Erika Lapish	PSU	6,467	—	157,148
Brandon Gall	RSU	7,303	—	177,463
Amel Pasagic	PSU	8,397	—	204,047
Brandon Gall	RSU	13,335	—	324,041
Brandon Gall	PSU	14,407	—	350,090
Julie Francis	RSU	20,587	—	500,264
Julie Francis	PSU	61,762	—	1,500,817
Julie Francis	Option	138,310	28.54	—

Director compensation

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

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

Total cost of the board

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.

Peer group, and who names MGP Ingredients as a peer

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.

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.

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.

Rank	Company	FY	Chief executive	Salary	Stock awards	Option awards	Non-equity incentive	Total
1	MGP Ingredients Inc	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.

Incentive design against the same peers

Company	Annual incentive payout	Long-term vehicle mix	PSU measures include TSR	Compensation consultant
MGP Ingredients Inc	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.

Say-on-pay history and pay ratio

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.

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

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.

CEO pay ratio

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

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (24 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

Section 01, Julie Francis. DEF 14A, filed 2026-04-09. Section “Summary Compensation Table” · page 31. As printed: 4,980,533. View filing ↗
Section 01, Brandon Gall. DEF 14A, filed 2026-04-09. Section “Summary Compensation Table” · page 31. As printed: 2,205,993. View filing ↗
Section 01, Amel Pasagic. DEF 14A, filed 2026-04-09. Section “Summary Compensation Table” · page 31. As printed: 832,885. View filing ↗
Section 01, Erika Lapish. DEF 14A, filed 2026-04-09. Section “Summary Compensation Table” · page 31. As printed: 648,819. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2026-04-09. Section “CEO Pay Ratio”. As printed: 70 : 1. View filing ↗
Section 08, Martin Roper. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 296,325. View filing ↗
Section 08, Jennifer Lowry. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 256,525. View filing ↗
Section 08, Gerardo I. Lopez. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 253,625. View filing ↗
Section 08, Donn Lux. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 212,300. View filing ↗
Section 08, Thomas A. Gerke. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 196,250. View filing ↗
Section 08, Todd B. Siwak. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 190,880. View filing ↗
Section 08, Kevin Rauckman. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 188,120. View filing ↗
Section 08, Lori L.S. Mingus. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 185,000. View filing ↗
Section 08, Karen L. Seaberg. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 179,125. View filing ↗
Section 08, Preet H. Michelson. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 37,500. View filing ↗
Section 08, Neha J. Clark. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 34,650. View filing ↗
Section 08, Julie M. Francis. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 0. View filing ↗
Section 06, 2026 vote. Form 8-K, filed 2026-05-14. Item 5.07 · say-on-pay result. As reported: 97.68%. View filing ↗
Section 06, 2025 vote. Form 8-K, filed 2025-05-27. Item 5.07 · say-on-pay result. As reported: 98.97%. View filing ↗
Section 06, 2024 vote. Form 8-K, filed 2024-05-28. Item 5.07 · say-on-pay result. As reported: 97.82%. View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
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.
MGP Ingredients Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in MGP Ingredients Inc's own proxy. As printed: 4,980,533. View filing ↗
Hostess Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Hostess Brands, Inc.'s own proxy. As printed: 4,391,269. View filing ↗