Alan Tank
Alto IngredientsAbout Alan Tank
Alan R. Tank (age 66) was elected to Alto Ingredients’ Board on June 25, 2025 and is classified as an independent director under Nasdaq and SEC standards; he holds a B.S. in Animal Science from Iowa State University and brings founder/CEO experience in agriculture, renewable energy, decarbonization, and commodity trading .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Revolution Energy Solutions LLC | Co‑founder; CEO & Managing Partner | 2006–2016 | Developed/operated renewable/waste-to-energy projects on agricultural platforms |
| AgCert International Plc | Founder; CEO | 2001–2005 | Produced/sold agriculturally derived GHG emission reductions under Kyoto/EU ETS |
| Tank Brothers Farm / Tank Customs, LLC | Managing Member; Co‑owner | Since 2015 | Family farm operations in eastern Iowa |
| Blue Sea Capital LLC | Executive Advisor | Since 2017 | PE advisory (industrial growth, aerospace, healthcare) |
| Eion Corp | Advisor | Since 2022 | Carbon capture and removal advisory |
| Mercator Partners | Advisor | Since 2024 | Asset manager investing in decarbonization |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| WesMET Group | Chairman; Board Member | Chairman; Board member since 2023 | Produces humic acid agronomic products |
| Masienda, LLC | Board Member | Since 2015 | Purveyor of landrace Mexican maize and related products |
| Victory Hemp Foods, LLC | Board Member | Since 2017 | Hemp food products producer/processor/distributor |
| Blue Sea Capital LLC | Executive Advisor | Since 2017 | Private equity advisory (industrial/aerospace/healthcare) |
| Eion Corp | Advisor | Since 2022 | Carbon capture/removal company |
| Mercator Partners | Advisor | Since 2024 | Decarbonization-focused asset manager |
Board Governance
- Independence: The Board determined all directors and director nominees are independent except Bryon T. McGregor and Michael D. Kandris; this implies Tank is independent .
- Majority voting in uncontested elections with mandatory resignation upon “Majority Against Vote”; Nominating & Corporate Governance Committee reviews tendered resignations and publicly discloses decisions .
- Election result (2025): Alan R. Tank received 24,530,026 votes for, 3,787,054 withheld, and 21,963,347 broker non‑votes .
- Board committees (2024 composition): Audit—Chair Gilbert E. Nathan; members Douglas L. Kieta, Dianne S. Nury; Compensation—Chair Maria G. Gray; members Dianne S. Nury, Gilbert E. Nathan; Nominating & Corporate Governance—Chair Dianne S. Nury; members Maria G. Gray, Douglas L. Kieta .
- Meetings/attendance (2024): Board held 13 meetings; all directors attended at least 75% of Board and committee meetings during their service period .
- Insider trading and anti‑hedging/pledging: Directors, officers and employees are prohibited from short sales and derivatives transactions; pledging Alto securities is restricted for executive officers (policy explicitly notes executive officers) .
| 2025 Annual Meeting Voting – Alan R. Tank | Votes | |
|---|---|---|
| For | 24,530,026 | |
| Withheld | 3,787,054 | |
| Broker Non‑Votes | 21,963,347 |
| Board Committees (2024) | Chair | Members |
|---|---|---|
| Audit | Gilbert E. Nathan | Douglas L. Kieta; Dianne S. Nury |
| Compensation | Maria G. Gray | Dianne S. Nury; Gilbert E. Nathan |
| Nominating & Corporate Governance | Dianne S. Nury | Maria G. Gray; Douglas L. Kieta |
Fixed Compensation
| Director Cash Compensation Program (2024) | Amount ($) | Notes |
|---|---|---|
| Chairman of the Board annual cash | 112,500 | Paid in advance in bi‑weekly installments |
| Non‑employee director annual cash | 75,000 | Paid in advance in bi‑weekly installments; employees receive none |
| Committee chair additional cash | 25,000 | Each standing committee chair |
| Lead independent director additional cash (if applicable) | 12,000 | |
| Cash/equity election | Same value as cash | Directors may elect equity in lieu of cash |
2024 non‑employee director compensation table did not include Tank (he was a 2025 nominee/electee) .
Performance Compensation
| Director Equity Compensation Program (2024) | Target Value ($) | Vesting |
|---|---|---|
| Chairman of the Board annual equity | 147,500 | Typically vests 100% at next annual meeting or ~1 year from grant, subject to continued service |
| Non‑employee director annual equity | 110,000 | Same vesting mechanics as above |
| New/reelected director grant practice | N/A | Equity granted at election/reelection with time‑based vesting as above |
No performance metrics (e.g., TSR, EBITDA) are disclosed for director compensation; vesting is time‑based per program description .
Other Directorships & Interlocks
- Public company boards: None disclosed for Tank in Alto’s proxy biography .
- Private company boards/advisory roles: WesMET Group (Chair/Director), Masienda, Victory Hemp Foods; advisory roles at Eion, Blue Sea Capital, Mercator Partners .
- Interlocks: No shared public‑company directorships with Alto’s current directors disclosed; no related party transactions involving Tank reported .
Expertise & Qualifications
- Founder/CEO leadership across renewable energy and emissions markets (AgCert; Revolution Energy Solutions) .
- Commodity trading and advisory experience in agriculture, renewable energy, decarbonization and carbon capture .
- Public policy/international trade expertise .
- Board skills matrix flags Operations, M&A, Government Affairs, Agriculture/Commodities, Leadership, Industry Experience, HR/Talent, EHS/Climate/Sustainability (nominee) .
Equity Ownership
| Beneficial Ownership (as of Apr 28, 2025) | Common Shares | Percent of Class |
|---|---|---|
| Alan R. Tank | – | – |
- Outstanding shares context: 77,210,171 common; 926,942 Series B Preferred as of table date .
- Anti‑hedging/derivatives ban for directors; pledging restriction is explicitly applied to executive officers in policy .
Governance Assessment
- Investor confidence: Strong support for Tank’s election (24.53M For vs. 3.79M Withheld) at 2025 Annual Meeting, alongside majority “one‑year” say‑on‑pay frequency preference (19.67M One‑Year) and say‑on‑pay passing (20.57M For) .
- Independence and oversight: Board classifies Tank as independent; majority voting with mandatory resignation for “Majority Against Vote” strengthens accountability .
- Compensation alignment: Director pay targeted at median of survey group (revenue $0.5–$2.5B; market cap < $1.0B) with time‑based equity vesting; no performance metrics tied to director pay—reduces risk of misaligned incentives but places emphasis on service continuity .
- Conflicts/related party: Company’s related‑party policy requires Board/independent committee approval and excludes ordinary‑course immaterial transactions; no transactions involving Tank above the disclosure threshold since Jan 1, 2023 are reported .
- Risk indicators: Insider policy prohibits short sales and options for directors; executive officer pledging restricted. No legal proceedings, hedging or pledging by Tank are disclosed in the proxy .