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Benson Hill, Inc. – ‘10-K’ for 12/31/23 – ‘EX-31.1’

On:  Thursday, 3/14/24, at 5:32pm ET   ·   As of:  3/15/24   ·   For:  12/31/23   ·   Accession #:  1830210-24-25   ·   File #:  1-39835

Previous ‘10-K’:  ‘10-K/A’ on 5/1/23 for 12/31/22   ·   Next & Latest:  ‘10-K/A’ on 4/26/24 for 12/31/23   ·   24 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/15/24  Benson Hill, Inc.                 10-K       12/31/23  151:15M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.40M 
 2: EX-4.11     EX-4.11 Description of Securities                   HTML    160K 
 3: EX-10.10    EX-10.10 Bennett Severance Agmt and Release         HTML     62K 
 4: EX-10.18    EX-10.18 Bhil Executive Severance Plan              HTML     86K 
 5: EX-10.28    EX-10.28 Form of Rsu Award Agmt-2023 Annual Ltip    HTML     53K 
                Bull, Fundler, Freeman                                           
 6: EX-10.29    EX-10.29 Form of Rsu Award Agmt-2023 Annual Ltip    HTML     56K 
                Crisp                                                            
 7: EX-10.30    EX-10.30 Form of Rsu Award Agmt-2023 Annual Ltip    HTML     54K 
                Bennett Bull Freeman                                             
 8: EX-10.31    EX-10.31 Form of Strategic Perf Award Bull          HTML     54K 
 9: EX-10.32    EX-10.32 Restricted Share Award CEO Perf Elsner     HTML     55K 
10: EX-10.33    EX-10.33 Rsu Agmt-2023 Director Award               HTML     54K 
11: EX-10.34    EX-10.34 Rsu Agmt-2023 Director Award Mack          HTML     54K 
12: EX-10.41    EX-10.41 13th Amendment to Fnbo-Ddb Credit Agmt     HTML     61K 
13: EX-10.42    EX-10.42 14th Amendment to Fnbo-Ddb Credit Agmt     HTML     60K 
14: EX-21.1     EX-21.1 Subsidiaries                                HTML     41K 
15: EX-23.1     EX-23.1 Consent of Independent Registered           HTML     38K 
                Accounting Firm                                                  
19: EX-97.1     EX-97.1 Policy on Recoupment of Incentive           HTML     60K 
                Compensation                                                     
16: EX-31.1     EX-31.1 Section 302 CEO Certification               HTML     43K 
17: EX-31.2     EX-31.2 Section 302 CFO Certification               HTML     42K 
18: EX-32       EX-32 Section 906 Ceo-CFO Certification             HTML     40K 
25: R1          Cover                                               HTML    110K 
26: R2          Audit Information                                   HTML     43K 
27: R3          Consolidated Balance Sheets                         HTML    157K 
28: R4          Consolidated Balance Sheets (Parenthetical)         HTML     48K 
29: R5          Consolidated Statements of Operations               HTML    156K 
30: R6          Consolidated Statements of Comprehensive Loss       HTML     65K 
31: R7          Consolidated Statements of Stockholders? Equity     HTML     84K 
32: R8          Consolidated Statements of Stockholders? Equity     HTML     40K 
                (Parenthetical)                                                  
33: R9          Consolidated Statements of Cash Flows               HTML    173K 
34: R10         Consolidated Statements of Cash Flows               HTML     40K 
                (Parenthetical)                                                  
35: R11         Description of Business                             HTML     58K 
36: R12         Summary of Significant Accounting Policies          HTML    110K 
37: R13         Business Combinations                               HTML     43K 
38: R14         Discontinued Operations                             HTML     95K 
39: R15         Fair Value Measurements                             HTML    129K 
40: R16         Investments in Available-for-Sale Securities        HTML     67K 
41: R17         Derivatives                                         HTML     85K 
42: R18         Inventories, Net                                    HTML     47K 
43: R19         Property and Equipment                              HTML     55K 
44: R20         Leases                                              HTML    143K 
45: R21         Goodwill and Intangible Assets                      HTML     76K 
46: R22         Other Current Assets                                HTML     50K 
47: R23         Accrued Expenses and Other Current Liabilities      HTML     51K 
48: R24         Debt                                                HTML     78K 
49: R25         Warrant Liabilities                                 HTML     54K 
50: R26         Income Taxes                                        HTML    113K 
51: R27         Comprehensive Loss                                  HTML     64K 
52: R28         Loss Per Common Share                               HTML     58K 
53: R29         Stock-Based Compensation                            HTML     77K 
54: R30         Common Stock                                        HTML     56K 
55: R31         Employee Benefit Plans and Other Compensation       HTML     42K 
                Benefits                                                         
56: R32         Commitment and Contingencies                        HTML     43K 
57: R33         Segment Information                                 HTML     90K 
58: R34         Quarterly Financial Data (Unaudited)                HTML     73K 
59: R35         Subsequent Events                                   HTML     49K 
60: R36         Schedule II - Benson Hill, Inc. Valuation and       HTML     60K 
                Qualifying Accounts                                              
61: R37         Pay vs Performance Disclosure                       HTML     50K 
62: R38         Insider Trading Arrangements                        HTML     44K 
63: R39         Summary of Significant Accounting Policies          HTML    162K 
                (Policies)                                                       
64: R40         Summary of Significant Accounting Policies          HTML     74K 
                (Tables)                                                         
65: R41         Discontinued Operations (Tables)                    HTML     95K 
66: R42         Fair Value Measurements (Tables)                    HTML    126K 
67: R43         Investments in Available-for-Sale Securities        HTML     67K 
                (Tables)                                                         
68: R44         Derivatives (Tables)                                HTML     83K 
69: R45         Inventories, Net (Tables)                           HTML     47K 
70: R46         Property and Equipment (Tables)                     HTML     57K 
71: R47         Leases (Tables)                                     HTML    109K 
72: R48         Goodwill and Intangible Assets (Tables)             HTML     77K 
73: R49         Other Current Assets (Tables)                       HTML     51K 
74: R50         Accrued Expenses and Other Current Liabilities      HTML     51K 
                (Tables)                                                         
75: R51         Debt (Tables)                                       HTML     60K 
76: R52         Income Taxes (Tables)                               HTML    111K 
77: R53         Comprehensive Loss (Tables)                         HTML     62K 
78: R54         Loss Per Common Share (Tables)                      HTML     59K 
79: R55         Stock-Based Compensation (Tables)                   HTML     75K 
80: R56         Common Stock (Tables)                               HTML     51K 
81: R57         Segment Information (Tables)                        HTML     84K 
82: R58         Quarterly Financial Data (Unaudited) (Tables)       HTML     73K 
83: R59         Description of Business (Details)                   HTML     98K 
84: R60         Summary of Significant Accounting Policies - Cash,  HTML     54K 
                Cash Equivalents and Restricted Cash (Details)                   
85: R61         Summary of Significant Accounting Policies -        HTML     41K 
                Accounts Receivable (Details)                                    
86: R62         Summary of Significant Accounting Policies -        HTML     62K 
                Property and equipment estimated useful lives                    
                (Details)                                                        
87: R63         Summary of Significant Accounting Policies - Spare  HTML     40K 
                Parts (Details)                                                  
88: R64         Summary of Significant Accounting Policies -        HTML     51K 
                Goodwill and Intangible Assets (Details)                         
89: R65         Summary of Significant Accounting Policies -        HTML     44K 
                Impairment of Long-lived Assets (Details)                        
90: R66         Summary of Significant Accounting Policies - Debt   HTML     43K 
                Issuance Costs (Details)                                         
91: R67         Summary of Significant Accounting Policies -        HTML     42K 
                Warrant Liabilities (Details)                                    
92: R68         Summary of Significant Accounting Policies -        HTML     42K 
                Patent Sales and Research and Development Expenses               
                (Details)                                                        
93: R69         Summary of Significant Accounting Policies -        HTML     50K 
                Significant Concentrations and Credit Risk                       
                (Details)                                                        
94: R70         Business Combinations (Details)                     HTML     61K 
95: R71         Discontinued Operations - Narrative (Details)       HTML     58K 
96: R72         Discontinued Operations - Schedule of Carrying      HTML     72K 
                Amounts of Assets and Liabilities of Discontinued                
                Operations (Details)                                             
97: R73         Discontinued Operations - Operating Results Of The  HTML     78K 
                Discontinued Operations (Details)                                
98: R74         Discontinued Operations - Consolidated Statement    HTML     60K 
                of Cash Flows for the Discontinued Operations                    
                (Details)                                                        
99: R75         Fair Value Measurements - Narrative (Details)       HTML     59K 
100: R76         Fair Value Measurements - Financial Instruments     HTML     90K  
                Measured at Fair Value (Details)                                 
101: R77         Fair Value Measurements - Schedule of Significant   HTML     85K  
                Inputs to Valuation of Level 3 Warrant and                       
                Conversion Liabilities (Details)                                 
102: R78         Fair Value Measurements - Schedule of Changes in    HTML     47K  
                Warrant and Conversion Option Liabilities                        
                (Details)                                                        
103: R79         Investments in Available-for-Sale Securities -      HTML     73K  
                Schedule of Securities Classified as                             
                Available-for-Sale (Details)                                     
104: R80         Investments in Available-for-Sale Securities -      HTML     49K  
                Narrative (Details)                                              
105: R81         Derivatives - Narrative (Details)                   HTML     52K  
106: R82         Derivatives - Derivative Contracts (Details)        HTML     78K  
107: R83         Derivatives - Pre-tax Gains and Losses (Details)    HTML     55K  
108: R84         Inventories, Net (Details)                          HTML     48K  
109: R85         Property and Equipment (Details)                    HTML     86K  
110: R86         Leases - Narrative (Details)                        HTML     39K  
111: R87         Leases - Lease Cost (Details)                       HTML     47K  
112: R88         Leases - Components of Operating and Finance Lease  HTML     63K  
                Right of use Assets and Liabilities (Details)                    
113: R89         Leases - Supplemental Cash Flow (Details)           HTML     51K  
114: R90         Leases - Maturities of Operating and Financing      HTML     78K  
                Lease Liabilities (Details)                                      
115: R91         Goodwill and Intangible Assets - Schedule of        HTML     70K  
                Goodwill and Intangible Assets (Details)                         
116: R92         Goodwill and Intangible Assets - Narrative          HTML     50K  
                (Details)                                                        
117: R93         Goodwill and Intangible Assets - Future             HTML     54K  
                Amortization Of Intangible Assets (Details)                      
118: R94         Goodwill and Intangible Assets - Weighted Average   HTML     47K  
                Amortization Period In Total And By Intangible                   
                Asset Class (Details)                                            
119: R95         Other Current Assets (Details)                      HTML     56K  
120: R96         Accrued Expenses and Other Current Liabilities      HTML     57K  
                (Details)                                                        
121: R97         Debt - Schedule of Debt (Details)                   HTML     75K  
122: R98         Debt - Narratives (Details)                         HTML    198K  
123: R99         Debt - Schedule of Maturities of Long-term Debt     HTML     48K  
                (Details)                                                        
124: R100        Warrant Liabilities (Details)                       HTML    174K  
125: R101        Income Taxes - Loss Before Income Taxes (Details)   HTML     48K  
126: R102        Income Taxes - Schedule of Components of Income     HTML     66K  
                Tax Expense (Benefit) (Details)                                  
127: R103        Income Taxes - Reconciliation of Income Tax         HTML     61K  
                Provision (Details)                                              
128: R104        Income Taxes - Significant Components of Deferred   HTML     79K  
                Tax Assets and Liabilities (Details)                             
129: R105        Income Taxes - Narrative (Details)                  HTML     63K  
130: R106        Comprehensive Loss (Details)                        HTML     63K  
131: R107        Loss Per Common Share - Anti-dilutive Common Share  HTML     49K  
                Equivalents (Details)                                            
132: R108        Loss Per Common Share - Reconciliation Of Net Loss  HTML     64K  
                Attributable To Common Stockholders And Basic And                
                Diluted Loss Per Common Share (Details)                          
133: R109        Stock-Based Compensation - Narrative (Details)      HTML     79K  
134: R110        Stock-Based Compensation - Schedule of Stock        HTML     59K  
                Options Assumptions (Details)                                    
135: R111        Stock-Based Compensation - Schedule of Stock        HTML     81K  
                Option Information (Details)                                     
136: R112        Stock-Based Compensation - RSUs activity and        HTML     69K  
                weighted average grant-date fair value (Details)                 
137: R113        Common Stock - Narrative (Details)                  HTML     62K  
138: R114        Common Stock - Schedule of Stock Reserved for       HTML     70K  
                Future Issuance (Details)                                        
139: R115        Employee Benefit Plans and Other Compensation       HTML     56K  
                Benefits (Details)                                               
140: R116        Commitment and Contingencies (Details)              HTML     43K  
141: R117        Segment Information - Narratives (Details)          HTML     56K  
142: R118        Segment Information - Revenues From Overseas        HTML     59K  
                Shipments (Details)                                              
143: R119        Segment Information - Schedule of Segment           HTML     98K  
                Information (Details)                                            
144: R120        Quarterly Financial Data (Unaudited) (Details)      HTML     71K  
145: R121        Subsequent Events (Details)                         HTML     69K  
146: R122        Schedule II - Benson Hill, Inc. Valuation and       HTML     51K  
                Qualifying Accounts (Details)                                    
148: XML         IDEA XML File -- Filing Summary                      XML    262K  
151: XML         XBRL Instance -- bhil-20231231_htm                   XML   3.10M  
147: EXCEL       IDEA Workbook of Financial Report Info              XLSX    269K  
21: EX-101.CAL  XBRL Calculations -- bhil-20231231_cal               XML    431K 
22: EX-101.DEF  XBRL Definitions -- bhil-20231231_def                XML   1.16M 
23: EX-101.LAB  XBRL Labels -- bhil-20231231_lab                     XML   2.75M 
24: EX-101.PRE  XBRL Presentations -- bhil-20231231_pre              XML   1.91M 
20: EX-101.SCH  XBRL Schema -- bhil-20231231                         XSD    302K 
149: JSON        XBRL Instance as JSON Data -- MetaLinks              804±  1.21M  
150: ZIP         XBRL Zipped Folder -- 0001830210-24-000025-xbrl      Zip   1.22M

‘EX-31.1’   —   EX-31.1 Section 302 CEO Certification

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

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  Document  

Exhibit 31.1

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Adrienne Elsner, Chief Executive Officer of Benson Hill, Inc. certify that:
1.I have reviewed this annual report on Form 10-K of Benson Hill, Inc.;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date: March 14, 2024    /s/ Adrienne Elsner
Adrienne Elsner
Chief Executive Officer
(Principal Executive Officer)

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed as of:3/15/24
Filed on:3/14/248-K
For Period end:12/31/234
 List all Filings 

24 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/14/24  Benson Hill, Inc.                 8-K:1,2,5,7 2/13/24   12:1M
12/22/23  Benson Hill, Inc.                 8-K:5,9    12/21/23   12:348K
11/09/23  Benson Hill, Inc.                 10-Q        9/30/23   82:8.4M
10/31/23  Benson Hill, Inc.                 8-K:1,2,5,710/31/23   16:5.1M
 8/09/23  Benson Hill, Inc.                 10-Q        6/30/23   82:7.9M
 6/16/23  Benson Hill, Inc.                 8-K:2,7,9   6/15/23   16:573K
 5/10/23  Benson Hill, Inc.                 10-Q        3/31/23   79:7.4M
 3/16/23  Benson Hill, Inc.                 10-K       12/31/22  140:14M
 3/07/23  Benson Hill, Inc.                 8-K:5,9     3/01/23   12:252K
 1/04/23  Benson Hill, Inc.                 8-K/A:9    12/29/22   14:833K
11/10/22  Benson Hill, Inc.                 8-K:2,9    11/08/22   14:5.2M
11/10/22  Benson Hill, Inc.                 S-3                    9:1.7M                                   Toppan Merrill/FA
 8/10/22  Benson Hill, Inc.                 10-Q        6/30/22   87:9.8M
 8/08/22  Benson Hill, Inc.                 8-K:1,2,7,9 8/05/22   15:6.6M
 7/07/22  Benson Hill, Inc.                 8-K:2,9     6/30/22   12:332K                                   Toppan Merrill/FA
 3/28/22  Benson Hill, Inc.                 10-K       12/31/21  137:15M
 3/28/22  Benson Hill, Inc.                 8-K:1,2,3,9 3/24/22   15:5.6M
 1/11/22  Benson Hill, Inc.                 8-K:5,9     1/07/22   13:312K
 1/04/22  Benson Hill, Inc.                 8-K:2,7,9  12/29/21   15:1.8M
11/15/21  Benson Hill, Inc.                 10-Q        9/30/21   98:11M
10/05/21  Benson Hill, Inc.                 8-K:1,2,3,5 9/29/21   20:1.2M                                   Toppan Merrill/FA
 9/02/21  Benson Hill, Inc.                 424B3                  1:8.1M                                   Toppan Merrill/FA
 5/10/21  Benson Hill, Inc.                 8-K:1,3,7,9 5/08/21   10:8.8M                                   Toppan Merrill/FA
 1/08/21  Benson Hill, Inc.                 8-K:1,3,5,9 1/05/21    9:893K                                   Toppan Merrill/FA
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Filing Submission 0001830210-24-000025   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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