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 June 19, 2014. The filing reports a corporate governance event: the appointment of a new member to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Mr. Sidney Eugene ("Gene") Edwards, Jr. as a member of the Board of Directors, effective June 19, 2014. His initial term is set to expire in May 2016.
Management Commentary and Compensation
Mr. Edwards brings significant industry experience, having served as Executive Vice President and Chief Development Officer of Valero Energy Corporation until his retirement in April 2014. He was instrumental in Valero's entry into the ethanol business. As a director, his compensation package includes:
- Annual cash compensation of $75,000.
- An annual restricted stock grant valued at $100,000 on the date of the grant.
The filing confirms no family relationships between Mr. Edwards and existing directors or officers, and no material interests in company transactions over the last two years.
Investor Verification Checklist
- Verify the effective date of Mr. Edwards' board term (May 2016 expiration).
- Review the attached press release (Exhibit 99.1) for additional biographical details.
- Confirm the current director compensation schedule to ensure the $75,000 cash and $100,000 stock grant align with existing policies.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.