Every material Form 8-K SEMPREON, INC has filed with the SEC since August 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
MGP Ingredients reported third quarter 2026 results, with sales down 10% to $117.9 million and net income falling to $6.9 million from $15.4 million a year earlier. The company reaffirmed its full-year 2026 guidance and declared a $0.12 quarterly dividend, and it will change its name to Sempreon, Inc. and its ticker to CASK on November 2, 2026. For shareholders, the quarter shows weaker sales and profit, while the year-to-date results include a $180.8 million impairment charge that produced a GAAP net loss.
Q3 2026 sales were $117.9 million versus $130.9 million, with GAAP basic EPS of $0.32 versus $0.71 and adjusted basic EPS of $0.39 versus $0.85
Adjusted EBITDA was $21.5 million, down 33% from $32.3 million; the net debt leverage ratio was 3.6x at September 30, 2026, versus 1.8x a year earlier
Full-year 2026 guidance was reaffirmed, including sales of $480 million to $500 million and adjusted EBITDA of $90 million to $98 million
Dividend of $0.12 per share is payable November 27, 2026, to holders of record as of November 13, 2026
MGP Ingredients, Inc. filed amended articles with Kansas to change its corporate name to Sempreon, Inc., effective November 2, 2026. The company said it expects its Nasdaq ticker to change from MGPI to CASK on the same date, and no stockholder vote was required because the change involves only the name.
Name change amendment filed with Kansas Secretary of State on October 14, 2026, effective November 2, 2026
Amended and Restated Bylaws updated for the new name, also effective November 2, 2026
Planned Nasdaq ticker change from MGPI to CASK on November 2, 2026
No stockholder vote required, as the change involves a corporate name only
MGP Ingredients, Inc. signed Amendment No. 2 to its credit agreement with Wells Fargo Bank on August 6, 2026, and an Eighth Amendment to its PGIM note purchase agreement. The amendments let the company exclude up to $20,000,000 of losses on specific customer receivables from covenant calculations through December 31, 2027, and the company has elected a higher leverage ceiling tied to the Penelope Bourbon earnout. The filing names MGP Ingredients rather than Sempreon, Inc., so shareholders should confirm the ticker and company before relying on it.
Amendment No. 2 is dated August 6, 2026, and lets the company add back up to $20,000,000 in aggregate losses on certain customer receivables through December 31, 2027.
Covenants remain a fixed charge coverage ratio of at least 1.25 to 1.00 and a net leverage ratio of no greater than 4.00 to 1.00, which rises to 4.50 to 1.00 during an Elevated Ratio Period.
The company has elected an Elevated Ratio Period starting with the quarter ended June 30, 2026, for three quarters after that, linked to the Penelope Bourbon LLC earnout.
The company says it expects the third fiscal quarter of 2026 to be its peak leverage point, and describes the amendments as precautionary.
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