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): June 15, 2021
| South Dakota Soybean Processors, LLC | ||
| (Exact name of registrant as specified in its charter) | ||
| South Dakota | 000-50253 | 46-0462968 | ||||||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| 100 Caspian Ave. PO Box 500 Volga, South Dakota | 57071 | |||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
| (605) 627-9240 | ||
| (Registrant's telephone number, including area code) | ||
| (Former name or former address, if changed since last report) | ||
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)) | |||||||
Item 5.07 Submission of Matters to Vote of Security Holders.
On June 15, 2021, South Dakota Soybean Processors, LLC ("the Company") held its 2021 Annual Meeting of Members in Volga, South Dakota. The sole purpose of the meeting was to elect five persons to serve on the Company's board of managers, one from each of the five geographical districts.
In the first proposal, the following persons were elected to the Company's board of managers:
District 1: Craig Weber
District 2: Doyle Renaas
District 3: Gary Goplen
District 4: Michael Reiner
District 5: Lewis Bainbridge
Messrs. Weber, Renaas, and Goplen, each of whom ran unopposed in their respective district, were elected by the following tally:
| District | Name | Votes For | Abstain | |||||||||||||||||
| 1 | Craig Weber | 84 | 5 | |||||||||||||||||
| 2 | Doyle Renaas | 90 | 2 | |||||||||||||||||
| 3 | Gary Goplen | 90 | 4 | |||||||||||||||||
In District 4, Michael Reiner was elected by the following tally:
| Michael Reiner | 60 | |||||||
| Ronald Welter | 17 | |||||||
| Abstain | 5 | |||||||
In District 5, Lewis Bainbridge was elected by the following tally:
| Lewis Bainbridge | 61 | |||||||
| Adam Schindler | 43 | |||||||
| Abstain | 10 | |||||||
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.
| SOUTH DAKOTA SOYBEAN PROCESSORS, LLC | ||||||||
| Dated: June 16, 2021 | /s/ Mark Hyde | |||||||
| Mark Hyde, Chief Financial Officer | ||||||||