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): November 1, 2010
South
Dakota Soybean Processors, LLC
(Exact
name of Registrant as specified in its charter)
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South
Dakota
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000-50253
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46-0462968
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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100
Caspian Ave. PO Box 500
Volga,
South Dakota
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57071
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (605) 647-9240
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:
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[
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(c) On
November 1, 2010, South Dakota Soybean Processors, LLC announced the appointment
and promotion of Mark Hyde, age 37, to the position of chief financial officer.
The position of chief financial officer had been vacant since February 2007.
Since 2003, Mr. Hyde has served as the corporate controller of South Dakota
Soybean Processors, responsible for all financial, accounting and reporting
obligations of the company. Prior to 2003, he was employed as a Senior Associate
with Eide Bailly LLP, in Sioux Falls, South Dakota. He graduated from the
University of South Dakota with a B.S. in Business Administration and from the
University of Denver with a Masters of Accounting. He is and will remain an
at-will employee of the company. His salary will remain at $98,000 per year, and
he will continue to participate in the company’s profit-based incentive plan and
benefit programs on the same terms and conditions as all other
employees.
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.
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SOUTH
DAKOTA SOYBEAN PROCESSORS, LLC
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Dated: November
2, 2010
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/s/ Rodney Christianson
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Rodney
Christianson, Chief Executive Officer
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