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FALSE000130940200013094022022-09-222022-09-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
_________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  September 22, 2022
_______________________________
GREEN PLAINS INC.
(Exact name of registrant as specified in its charter)
_______________________________
Iowa 001-32924 84-1652107
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
1811 Aksarben Drive
Omaha, Nebraska 68106
(Address of Principal Executive Offices) (Zip Code)
(402) 884-8700
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.001 per share GPRE The Nasdaq Stock Market LLC
_______________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

(b) Green Plains Inc. (the “Company”) announced today that Mr. George P. (Patrich) Simpkins transitioned to Chief Transformation Officer for Green Plains Inc., from Chief Financial Officer of the Company and Green Plains Partners LP (“Green Plains Partners”) effective October 1, 2022.

(c) Mr. James Stark will be appointed as Chief Financial Officer of the Company and Green Plains Partners effective October 1, 2022. Mr. Stark rejoined Green Plains in January 2022 after serving as Vice President, Investor Relations at Darling Ingredients Inc. since 2019. Prior to that, Mr. Stark was Vice President Investor and Media Relations at Green Plains for over 10 years. Mr. Stark has over 30 years of senior management experience in corporate communications, finance and logistical management. Mr. Stark has a Master’s degree in Business Administration from the University of Phoenix and a Bachelor of Science degree in Economics from the University of Texas.

Mr. Stark has no family relationships with any current director or executive officer of the Company, and there are no transactions or proposed transactions to which the Company is a party, or intended to be a party, in which Mr. Stark has, or will have, a material interest subject to disclosure under Item 404(a) of Regulation S-K. Mr. Stark was not chosen to succeed Mr. Simpkins as the Company’s Chief Financial Officer pursuant to any arrangement or understanding with any other person.

The Company also announced that Mr. Simpkins is now Chief Transformation Officer of the Company effective October 1, 2022. Mr. Simpkins most recently served as Chief Financial Officer of the Company and Green Plains Partners, a position he has held since May 2019. Prior to that, Mr. Simpkins served the Company as its Chief Development Officer since 2014 and its Chief Risk Officer from October 2014 through August 2016. Prior to joining Green Plains in May 2012 as Executive Vice President – Finance and Treasurer, Mr. Simpkins was Managing Partner of GPS Capital Partners, LLC, a capital advisory firm serving global energy and commodity clients and has served in other senior management roles at various companies including TXU Corporation, Duke Energy and Louis Dreyfus Energy. Mr. Simpkins has a Bachelor of Business Administration degree in Economics and Marketing from the University of Kentucky.

Mr. Simpkins has no family relationships with any current director or executive officer of the Company, and there are no transactions or proposed transactions to which the Company is a party, or intended to be a party, in which Mr. Simpkins has, or will have, a material interest subject to disclosure under Item 404(a) of Regulation S-K. Mr. Simpkins was not chosen as Chief Transformation Officer pursuant to any arrangement or understanding with any other person.

Item 7.01. Regulation FD Disclosure.

On September 22, 2022, the Company issued a press release announcing this transition, which is included as Exhibit 99.1 and incorporate herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed as part of this report.
Exhibit No. Description of Exhibit
99.1
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Green Plains Inc.
Date: September 22, 2022 By:
/s/ Michelle Mapes
Michelle Mapes
Chief Legal & Administration Officer and Corporate Secretary

EX-99.1 2 exh991-pressrelease.htm EX-99.1 Document
Exhibit 99.1

FOR IMMEDIATE RELEASE



Green Plains Announces Executive Leadership Appointments

OMAHA, Neb., September 22, 2022 (GLOBE NEWSWIRE) - Green Plains Inc. (NASDAQ:GPRE) today announced changes to its executive leadership team. Patrich Simpkins transitions from Chief Financial Officer to Chief Transformation Officer, Jim Stark transitions from Executive Vice President to Chief Financial Officer of Green Plains and Green Plains Partners LP (NASDAQ:GPP), Jamie Herbert joins the company as Chief Human Resources Officer, and Grant Kadavy joins the company as Executive Vice President of Commercial Operations.

Patrich Simpkins will develop and lead the Office of Transformation as the Chief Transformation Officer, executing on a roadmap to accomplish the most comprehensive organizational transformation in the history of the company. Mr. Simpkins has served as Chief Financial Officer since 2019, having previously served as Chief Development Officer from 2014 until 2019, and as Chief Risk Officer from 2014 through 2016. Prior to joining Green Plains in 2012, Mr. Simpkins held senior management positions with SensorLogic, Inc., TXU Corporation, Duke Energy Corporation, and Louis Dreyfus Energy.

“Patrich has developed and led a strong Finance and Accounting team, raising capital, refinancing debt and putting the company on a strong financial footing, and is now ready to devote his full efforts to our comprehensive transformation already underway,” said Todd Becker, President and Chief Executive Officer. “His depth of knowledge across numerous disciplines, track record of integration successes and understanding of cross-departmental functions make him the clear choice to lead this crucial new department.”

Jim Stark, Chief Financial Officer, will lead all aspects of finance and accounting, including IT and Investor Relations. Mr. Stark rejoined Green Plains in January 2022 after serving as Vice President, Investor Relations at Darling Ingredients Inc. since 2019. Prior to that, Mr. Stark led Investor Relations and Media Relations at Green Plains for over 10 years.

“Jim has the experience, credibility, and expertise to lead a seamless transition as he continues to execute on the plan that Patrich and the team have laid out, supporting the overall transformation of Green Plains,” added Becker. “Our stakeholders should have comfort in the fact that Jim can immediately step into this role without losing critical transition time and energy, and can make an immediate impact as we continue to build a finance organization that supports everything we need to be successful over the coming years.”

Jamie Herbert, Chief Human Resources Officer, will lead all human resource activities, which include developing cross-functional leadership, driving alignment across the organization, creating sustainable work practices, acquiring talent, and ensuring Green Plains continues to create and develop a world-class team of HR professionals. Mr. Herbert comes from Capstone IT where he led financial, marketing, human resources, legal, compliance, and operational support practices. Prior to that, he held several positions at Union Pacific Railroad in human resources and operations.

Grant Kadavy, Executive Vice President of Commercial Operations, will lead all commercial activities, including sales, trading and distribution, across all platforms. Mr. Kadavy, held various executive positions at Darigold, including Chief Growth and Risk Officer, Chief Operating Officer and Chief Commercial Officer, between 2016 and 2022. Prior to that, he spent almost 20 years with Cargill in various leadership positions including President of Cargill Americas and General Director of Cargill Mexico.

“Jamie and Grant bring decades of expertise to Green Plains and shows how our transformation continues to attract talented leaders that bring invaluable knowledge in their respective fields to help us execute against our strategic pillars,” said Becker. “Jamie has led the acquisition and development of diverse talent, and enhanced service and productivity improvement while positioning his companies for long-term growth. Grant is a transformative leader with a track record of delivering sustainable results while leading high-performing teams. He will be critical to our efforts as we open new marketing opportunities for high-protein ingredients, low-carbon renewable corn oil feedstocks and clean sugar, along with our decarbonization efforts.”

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Mr. Simpkins and Mr. Stark will transition into their new roles Oct. 1. Mr. Kadavy and Mr. Herbert will join Green Plains in early October.

About Green Plains Inc.
Green Plains Inc. (NASDAQ:GPRE) is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients. This includes the production of cleaner low carbon biofuels, renewable feedstocks for advanced biofuels and high purity alcohols for use in cleaners and disinfectants. Green Plains is an innovative producer of Ultra-High Protein and novel ingredients for animal and aquaculture diets to help satisfy a growing global appetite for sustainable protein. The Company also owns a 48.9% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP. For more information, visit www.gpreinc.com.

About Green Plains Partners LP
Green Plains Partners LP (NASDAQ:GPP) is a fee-based Delaware limited partnership formed by Green Plains Inc. to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage terminals, transportation assets and other related assets and businesses. For more information about Green Plains Partners, visit www.greenplainspartners.com.

Green Plains Inc. Contacts
Investors: Phil Boggs | Executive Vice President, Investor Relations | 402.884.8700 | phil.boggs@gpreinc.com
Media: Lisa Gibson | Communications Manager | 402.952.4971 | lisa.gibson@gpreinc.com

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