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MGP Ingredients Comments on Court Ruling


MGP Ingredients, Inc. (NASDAQ: MGPI) (the "Company") announced Friday that Judge Robert J. Bednar of the Atchison County District Court ordered that the Company's previously adjourned May 23, 2013 Annual Meeting be recommenced on or before August 26, 2013 and separately, that stockholder tabulation data be provided for inspection immediately.

John R. Speirs, Chairman of MGP, commented, "While we look forward to recommencing the Annual Meeting, it is unfortunate stockholders may now be deprived of the ability to have complete information regarding the validity of the Voting Trust controlled by members of the Cray Group before that meeting takes place. In addition, we find it troubling that the Cray Group has access to the identity and voting result of each vote cast prior to the adjournment of the Annual Meeting which we view as directly in conflict with their proposal seeking confidential voting."

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Posted-In: News Guidance Contracts Management Global


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