MGP Ingredients (MGPI) Proxy Filing summary

Executive summary

• Supplement announces the nomination of Jennifer Lowry as an additional Group B director candidate for the 2025 Annual Meeting scheduled for May 20, 2025.

• Ms. Lowry's nomination is presented by the majority holder of preferred stock and will be voted on exclusively by preferred stockholders.

• The election of Group B directors, including Ms. Lowry, is determined by a plurality vote of preferred stock, with each director serving a one-year term.

Voting matters and shareholder proposals

• No changes to existing proposals for common stockholders; only preferred stockholders will vote on the new Group B director nominee.

• Abstentions, withheld votes, and broker non-votes will not affect the outcome of the Group B director election.

• Instructions for voting and proxy revocation are provided for both common and preferred stockholders.

Board of directors and corporate governance

• Jennifer Lowry is nominated as a Group B director, bringing extensive board and committee leadership experience.

• Ms. Lowry has chaired audit, compensation, governance, and risk committees at several public companies.

• She does not currently serve as a director of the company and owns no company stock as of the filing date.