Green Plains Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Green Plains Inc. on January 5, 2026. The filing primarily addresses significant changes in executive leadership, specifically the departure of the Chief Financial Officer and the appointment of a successor, as well as the transition of the Chief Legal & Administration Officer.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes and Personnel Actions
- Departure of CFO: Phil Boggs departed as Chief Financial Officer effective January 5, 2026. His departure was not due to any disagreement with the Company.
- Appointment of New CFO: Ann Reis was appointed as Chief Financial Officer, effective January 6, 2026. She brings over 20 years of experience in agribusiness, energy, and financial services.
- Departure of Chief Legal & Administration Officer: Michelle Mapes departed her role on December 31, 2025, without disagreement. She will transition to a part-time consulting role.
Compensation and Agreements
Ann Reis (New CFO):
- Annual base salary: $325,000.
- One-time grant: $200,000 in restricted shares vesting over 3 years.
- One-time bonus eligibility: $75,000 for 100-day milestones.
- Incentive plans: Target of 80% for short-term incentives and eligibility for long-term incentives.
Phil Boggs (Outgoing CFO):
- Severance: Payment equal to 6 months of base salary.
- Equity acceleration: Vesting of 53,697 unvested restricted shares and 43,755 unvested performance share units.
Michelle Mapes (Outgoing Chief Legal & Administration Officer):
- Consulting retainer: $225,000 for part-time services through June 30, 2026.
Outlook and Risks
The filing states that the departures of Mr. Boggs and Ms. Mapes were not due to any disagreements with the Company. No specific financial guidance, operational outlook, or new risk factors were disclosed in this report.
Investor Verification Checklist
- Verify the effective dates of the leadership transition (Jan 5-6, 2026).
- Review the total compensation value for the new CFO, including the $200,000 restricted share grant and $75,000 milestone bonus.
- Confirm the acceleration of equity awards for the departing CFO (53,697 restricted shares and 43,755 performance units).
- Check the terms of the consulting agreement with the departing Chief Legal & Administration Officer ($225,000 retainer).
- Monitor future filings for the impact of these leadership changes on financial reporting and strategic direction.