Alto Ingredients Files Definitive Proxy Statement

TL;DR

Alto Ingredients (ALTO) filed its DEF 14A for the June 25th meeting - shareholders vote soon!

AI Summary

Alto Ingredients, Inc. (formerly Pacific Ethanol, Inc.) filed a Definitive Proxy Statement (DEF 14A) on April 30, 2025, for its annual meeting on June 25, 2025. The filing concerns the solicitation of proxies for the election of directors and other corporate matters. The company is based in Sacramento, CA, and operates in the industrial organic chemicals sector.

Why It Matters

This filing is crucial for shareholders as it outlines the agenda for the annual meeting, including director elections and proposals, allowing them to make informed voting decisions.

Risk Assessment

Risk Level: low — A DEF 14A filing is a standard regulatory document for public companies and does not inherently indicate increased risk.

Key Players & Entities

• Alto Ingredients, Inc. (company) — Registrant
• Pacific Ethanol, Inc. (company) — Former company name
• Sacramento, CA (location) — Company address
• April 30, 2025 (date) — Filing date
• June 25, 2025 (date) — Meeting date

FAQ

From the Filing

0001213900-25-037629.txt : 20250430 0001213900-25-037629.hdr.sgml : 20250430 20250430161528 ACCESSION NUMBER: 0001213900-25-037629 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 28 CONFORMED PERIOD OF REPORT: 20250625 FILED AS OF DATE: 20250430 DATE AS OF CHANGE: 20250430 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 EIN: 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: 25895451 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 ea0239694-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 7, 2025   Dear Fellow Stockholder:   During 2024, Alto Ingredients, Inc. expanded its offerings, entered new markets and continued to deliver exceptional customer service by providing high-quality essential ingredients for a diverse range of applications, including human and pet foods, animal feed, flavorings, distilled spirits, vinegar, carbonation, hand sanitizer, pharmaceuticals, renewable fuels and more.   Optimizing Alto Operations   Throughout the year and into 2025, difficult market conditions persisted. We took decisive actions, beginning the latter part of 2024 and concluding in early 2025, to reorganize, streamline operations and reduce costs. We cold idled our Magic Valley facility to eliminate unprofitable operations. This site now serves as a renewable fuel terminal, materially offsetting carrying expenses. We integrated Eagle Alcohol’s bulk operations into our marketing business, and we are focused on turning the remaining break-bulk, warehousing and trucking operations into a profitable service center. As part of our reorganization, we embedded engineering within functional lines, such as reliability and operations, to improve productivity. To better align the company to our smaller operational footprint, we reduced our workforce by 16%, with anticipated savings of $7.8 million annually across cost of goods sold and SG&A expenses. The financial benefits of these efforts commenced in the second quarter of 2025.   Board Evolution   During 2025, our board of directors continues to evolve. We thank our retiring ch