Alto Ingredients Files Definitive Proxy Statement

TL;DR

Alto Ingredients (formerly Pacific Ethanol) filed its proxy statement for the June 20th meeting. Shareholders vote on company direction.

AI Summary

Alto Ingredients, Inc. filed its Definitive Proxy Statement on April 26, 2024, for its annual meeting on June 20, 2024. The filing, under the former name Pacific Ethanol, Inc., details information related to the company's governance and shareholder matters. The company is headquartered in Sacramento, CA.

Why It Matters

This filing is crucial for shareholders as it outlines the proposals to be voted on at the upcoming annual meeting, influencing the company's future direction and corporate governance.

Risk Assessment

Risk Level: low — This is a routine filing of a proxy statement, which is standard for publicly traded companies and does not inherently indicate new risks.

Key Numbers

• 26 — Public Document Count (Indicates the volume of documents associated with this filing.)

Key Players & Entities

• Alto Ingredients, Inc. (company) — Registrant
• Pacific Ethanol, Inc. (company) — Former company name
• ACCESSITY CORP (company) — Former company name
• DRIVERSSHIELD COM CORP (company) — Former company name
• 20240620 (date) — Annual Meeting Date
• 20240426 (date) — Filing Date
• 916-403-2123 (phone_number) — Business Phone

FAQ

From the Filing

0001213900-24-036740.txt : 20240426 0001213900-24-036740.hdr.sgml : 20240426 20240426172733 ACCESSION NUMBER: 0001213900-24-036740 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 26 CONFORMED PERIOD OF REPORT: 20240620 FILED AS OF DATE: 20240426 DATE AS OF CHANGE: 20240426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Alto Ingredients, Inc. CENTRAL INDEX KEY: 0000778164 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 412170618 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-21467 FILM NUMBER: 24885449 BUSINESS ADDRESS: STREET 1: 400 CAPITOL MALL, SUITE 2060 CITY: SACRAMENTO STATE: CA ZIP: 95814 BUSINESS PHONE: 916-403-2123 MAIL ADDRESS: STREET 1: 400 CAPITOL MALL, SUITE 2060 CITY: SACRAMENTO STATE: CA ZIP: 95814 FORMER COMPANY: FORMER CONFORMED NAME: Pacific Ethanol, Inc. DATE OF NAME CHANGE: 20050324 FORMER COMPANY: FORMER CONFORMED NAME: ACCESSITY CORP DATE OF NAME CHANGE: 20030627 FORMER COMPANY: FORMER CONFORMED NAME: DRIVERSSHIELD COM CORP DATE OF NAME CHANGE: 20001115 DEF 14A 1 ea0204637-def14a_alto.htm DEFINITIVE PROXY STATEMENT     SCHEDULE 14A INFORMATION   Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934   Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐   Check the appropriate box:   ☐ Preliminary Proxy Statement   ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))   ☒ Definitive Proxy Statement   ☐ Definitive Additional Materials   ☐ Soliciting Material under §  240.14a-12   ALTO INGREDIENTS, INC. (Name of Registrant as Specified In Its Charter)     (Name of Person(s) Filing Proxy Statement if other than the Registrant)   Payment of Filing Fee (Check all boxes that apply):   ☒ No fee required   ☐ Fee paid previously with preliminary materials   ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11             ALTO INGREDIENTS, INC. 1300 South Second Street Pekin, Illinois 61554   May 3, 2024   Dear Fellow Stockholder:   Alto Ingredients, Inc., a renewables company, produces ingredients that are critical in manufacturing human and pet foods, animal feed, flavorings, distilled spirits, vinegar, carbonation, hand sanitizer, pharmaceuticals, renewable fuels and more. During 2023, we made significant investments in our facilities to expand our margins and improve our capacity utilization rates for production of specialty alcohols, essential ingredients and renewable fuel, enhancing our position as a leading supplier in the high-quality beverage alcohol industry. These actions contributed to year-over-year improvements in gross profit, net losses and Adjusted EBITDA.   During 2023, we leveraged the unique capabilities of our facilities in concert with more modern, highly efficient plants to further our goal to lower our carbon footprint. Our carbon capture and storage (CCS) initiative aims to significantly reduce carbon dioxide (CO 2 ) emissions from our alcohol production process while providing tangible benefits to local communities. Given our location above the Mount Simon Sandstone formation and the considerable CO 2 generated at our Pekin campus, we have a unique opportunity with substantial economic potential. We advanced various aspects of the CCS project, including overall system design, community outreach, financing, vendor negotiations, EPA application preparation and schedule alignment requirements to procure equipment and install power and compression. In March 2024, we announced that we had entered an exclusive non-binding letter of intent with Vault 44.01 to partner with for safe and permanent CO 2 st