South Dakota Soybean Processors LLC Files 8-K on Security Holder Vote
Ticker: SDSYA · Form: 8-K · Filed: Jun 20, 2024 · CIK: 1163609
| Field | Detail |
|---|---|
| Company | South Dakota Soybean Processors LLC (SDSYA) |
| Form Type | 8-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-vote, corporate-governance
TL;DR
SDSP filed an 8-K for a shareholder vote on June 18th. Details TBD.
AI Summary
On June 18, 2024, South Dakota Soybean Processors, LLC filed an 8-K to report on matters submitted to a vote of its security holders. The filing details the submission of specific items for a vote, though the exact nature of these items and the voting outcomes are not elaborated upon in the provided text.
Why It Matters
This filing indicates that important decisions requiring shareholder approval were put to a vote, which could impact the company's governance and future direction.
Risk Assessment
Risk Level: low — The filing is a procedural report on a shareholder vote without immediate financial or operational implications detailed.
Key Players & Entities
- SOUTH DAKOTA SOYBEAN PROCESSORS LLC (company) — Registrant
- June 18, 2024 (date) — Date of earliest event reported
- 100 Caspian Avenue (location) — Principal executive offices address
- Volga, South Dakota 57071 (location) — Principal executive offices city, state, zip
FAQ
What specific matters were submitted to a vote of security holders on June 18, 2024?
The provided text states that the 8-K filing is for the 'Submission of Matters to a Vote of Security Holders' but does not specify the exact matters.
What was the outcome of the vote by security holders?
The filing indicates a vote occurred, but the results or outcomes of this vote are not detailed in the provided excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated June 18, 2024.
What is the principal executive office address for South Dakota Soybean Processors, LLC?
The principal executive offices are located at 100 Caspian Avenue, PO Box 500, Volga, South Dakota 57071.
What is the SIC code for South Dakota Soybean Processors, LLC?
The Standard Industrial Classification (SIC) code is 2070 for FATS & OILS.
Filing Stats: 495 words · 2 min read · ~2 pages · Grade level 14.4 · Accepted 2024-06-20 17:22:01
Filing Documents
- sdsp-20240618.htm (8-K) — 30KB
- sdsp-20240618_g1.gif (GRAPHIC) — 9KB
- 0001163609-24-000013.txt ( ) — 166KB
- sdsp-20240618.xsd (EX-101.SCH) — 2KB
- sdsp-20240618_lab.xml (EX-101.LAB) — 20KB
- sdsp-20240618_pre.xml (EX-101.PRE) — 11KB
- sdsp-20240618_htm.xml (XML) — 3KB
07 Submission of Matters to Vote of Security Holders
Item 5.07 Submission of Matters to Vote of Security Holders. On June 18, 2024, South Dakota Soybean Processors, LLC ("the Company") held it 2024 Annual Meeting of Members in Volga, South Dakota. The primary purposes of the meeting were: (1) To receive the report of management on the business of the Company and the Company's audited financial statements for the fiscal year ended December 31, 2023; (2) To elect three members of the board of managers, one from each of the three geographical districts; and (3) To transact such other business as may properly come before the meeting and at any and adjournments thereof. On the proposal to elect three members to the board of managers, the following persons were elected: District 1: Doyle Renaas District 2: Alex Johnson District 3: Michael Reiner In District 1, Doyle Renaas, who ran unopposed, was elected by the following voting tally: Doyle Renaas 176 Abstain 12 In District 2, Alex Johnson was elected by the following voting tally: Alex Johnson 93 Jon Olson 80 Douglas Mathiowetz 24 Steven Geis 21 Dale Hansen 9 Abstain 6 In District 3, Michael Reiner, after the following voting tally, was elected by a tie-breaking procedure adopted by the Company: Michael Reiner 56 John Luepke 56 Ned Skinner 55 Ronald Welter 35 Abstain 11 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 20, 2024 /s/ Mark Hyde Mark Hyde, Chief Financial Officer