Business Context and Reporting Period
This Form 8-K filing by Green Plains Inc. (GPRE) is dated September 22, 2022. The report discloses significant changes to the company's executive leadership structure effective October 1, 2022.
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.
Material Changes
- Departure of CFO: Mr. George P. (Patrick) Simpkins is transitioning from the role of Chief Financial Officer (CFO) for Green Plains Inc. and Green Plains Partners LP.
- Appointment of New CFO: Mr. James Stark is appointed as the new Chief Financial Officer for Green Plains Inc. and Green Plains Partners LP.
- New Role for Outgoing CFO: Mr. Simpkins is assuming the new title of Chief Transformation Officer for Green Plains Inc.
Management Commentary and Background
James Stark (Incoming CFO): Mr. Stark rejoined Green Plains in January 2022 after serving as Vice President of Investor Relations at Darling Ingredients Inc. He previously held investor and media relations roles at Green Plains for over 10 years. He possesses over 30 years of senior management experience in corporate communications, finance, and logistical management.
George P. Simpkins (Outgoing CFO): Mr. Simpkins served as CFO since May 2019. His tenure at Green Plains began in May 2012, including roles as Chief Development Officer and Chief Risk Officer. Prior to Green Plains, he held senior positions at TXU Corporation, Duke Energy, and Louis Dreyfus Energy.
The filing states that neither executive has family relationships with current directors or officers, and no material transactions or arrangements subject to disclosure under Item 404(a) of Regulation S-K exist regarding these appointments.
Investor Verification Checklist
- Verify the effective date of the leadership transition (October 1, 2022).
- Review the press release (Exhibit 99.1) for additional strategic context regarding the "Chief Transformation Officer" role.
- Confirm the absence of any undisclosed compensation arrangements or side agreements related to these appointments.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.