Alto Ingredients Files 8-K on Shareholder Vote Matters
Ticker: ALTO · Form: 8-K · Filed: Jun 20, 2024 · CIK: 778164
| Field | Detail |
|---|---|
| Company | Alto Ingredients, Inc. (ALTO) |
| Form Type | 8-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote
Related Tickers: ALTO
TL;DR
Alto Ingredients is holding a shareholder vote; details to follow.
AI Summary
On June 20, 2024, Alto Ingredients, Inc. filed an 8-K report detailing the submission of matters to a vote of its security holders. The filing indicates a shareholder meeting or vote is scheduled, though specific details of the proposals or outcomes are not provided in this initial report.
Why It Matters
This filing signals that Alto Ingredients is proceeding with important corporate decisions requiring shareholder approval, which could impact the company's future direction and shareholder value.
Risk Assessment
Risk Level: low — The filing is procedural and does not contain information about financial performance or significant operational changes.
Key Players & Entities
- Alto Ingredients, Inc. (company) — Registrant
- June 20, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 000-21467 (filing_id) — Commission File Number
- 41-2170618 (tax_id) — IRS Employer Identification No.
FAQ
What specific matters are being submitted for a vote of Alto Ingredients' security holders?
This 8-K filing does not specify the exact proposals or matters being submitted for a vote; it only reports that such matters are being presented.
When is the shareholder meeting or vote expected to take place?
The filing states June 20, 2024, as the date of the earliest event reported, implying the vote or meeting is related to this date or has recently occurred.
What is the primary purpose of this 8-K filing for Alto Ingredients?
The primary purpose is to report the submission of matters to a vote of security holders, as required by SEC regulations.
Does this filing provide any financial information or operational updates for Alto Ingredients?
No, this specific 8-K filing focuses on corporate governance and shareholder voting matters and does not include financial results or operational updates.
What was Alto Ingredients' former name?
Alto Ingredients, Inc. was formerly known as Pacific Ethanol, Inc. and prior to that, Accessity Corp and Drivershield Com Corp.
Filing Stats: 662 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-06-20 16:15:23
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value ALTO The Nasdaq Stock Mar
Filing Documents
- ea0208184-8k_alto.htm (8-K) — 35KB
- 0001213900-24-054286.txt ( ) — 204KB
- alto-20240620.xsd (EX-101.SCH) — 3KB
- alto-20240620_lab.xml (EX-101.LAB) — 33KB
- alto-20240620_pre.xml (EX-101.PRE) — 22KB
- ea0208184-8k_alto_htm.xml (XML) — 3KB
07 Submission
Item 5.07 Submission of Matters to a Vote of Security Holders The 2024 Annual Meeting of Stockholders ("Annual Meeting") of Alto Ingredients, Inc. (the "Company") was held on June 20, 2024. The following proposals were approved at the Annual Meeting by the votes indicated: Proposal One : To elect six directors to serve on the Company's board of directors until the next annual meeting of stockholders and/or until their successors are duly elected and qualified. The nominees for election were Douglas L. Kieta, Bryon T. McGregor, Michael D. Kandris, Maria G. Gray, Gilbert E. Nathan and Dianne S. Nury. The following nominees were elected by the votes indicated to serve as directors until the next annual meeting of stockholders and/or until their successors are duly elected and qualified: Name Total Votes for Director Total Votes Withheld from Director Total Broker Non-Votes Douglas L. Kieta 30,326,042 4,971,124 15,200,628 Bryon T. McGregor 28,045,022 7,252,144 15,200,628 Michael D. Kandris 27,617,094 7,680,072 15,200,628 Maria G. Gray 32,376,386 2,920,780 15,200,628 Gilbert E. Nathan 32,743,556 2,553,610 15,200,628 Dianne S. Nury 32,253,420 3,043,746 15,200,628 Proposal Two : To approve the 2023 compensation of the Company's named executive officers, as disclosed in the proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission ("say-on-pay"). Total Votes For 26,055,415 Against 9,024,331 Abstain 217,420 Broker Non-Votes 15,200,628 Proposal Three : To approve an amendment to the Company's 2016 Stock Incentive Plan to increase the number of shares of common stock authorized for issuance under the plan from 11,400,000 shares to 15,200,000 shares. Total Votes For 24,313,353 Against 10,889,086 Abstain 94,727 Broker Non-Votes 15,200,628 Proposal Four : To ratify the appointment of RSM US LLP as the Company's independent registered public accounting firm for the
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 20, 2024 ALTO INGREDIENTS, INC. By: /s/ AUSTE M. GRAHAM Auste M. Graham, Chief Legal Officer & Secretary 2