Alto ingredients, inc. enters into letter agreement with bradley l. radoff and michael torok

Pekin, ill., march 18, 2025 (globe newswire) -- alto ingredients, inc. (nasdaq: alto), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, today announced that it has entered into a letter agreement (the “letter agreement”) with bradley l. radoff and michael torok (collectively with their affiliates, the “radoff/torok group”), under which the radoff/torok group has agreed that during the period commencing on the date of the letter agreement until the date that is the earlier to occur of (i) thirty (30) days prior to the deadline for delivery of notice under the company's amended and restated bylaws for the nomination of director candidates for election to the board of directors (the “board”) at alto ingredients, inc.'s (the “company”) 2026 annual meeting of stockholders (the “2026 annual meeting”) or (ii) one hundred twenty (120) days prior to the first anniversary of the 2025 annual meeting of stockholders of the company, currently scheduled for june 25, 2025 (the “standstill period”), at each annual or special meeting of the stockholders of the company, the radoff/torok group will cause all shares of the company's common stock beneficially owned by it in favor of all directors nominated by the board for election and otherwise in accordance with the recommendations of the board, and against the election of any director nominee not so recommended by the board.
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