South Dakota Soybean Processors, LLC Announces 2024 Annual Meeting of Members

TL;DR

<b>South Dakota Soybean Processors, LLC will hold its 2024 Annual Meeting of Members on June 18, 2024, to discuss financial reports and elect board members.</b>

AI Summary

SOUTH DAKOTA SOYBEAN PROCESSORS LLC (SDSYA) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. The 2024 Annual Meeting of Members for South Dakota Soybean Processors, LLC will be held on June 18, 2024. The meeting will take place at Sioux Valley High School Gym in Volga, South Dakota. Registration and supper begin at 5:30 p.m. CDT, with the meeting commencing at 6:30 p.m. CDT. Key agenda items include receiving management's report and audited financial statements for fiscal year ended December 31, 2023. Members will also elect three members to the board of managers, one from each of the three geographical districts.

Why It Matters

For investors and stakeholders tracking SOUTH DAKOTA SOYBEAN PROCESSORS LLC, this filing contains several important signals. This filing is a definitive proxy statement (DEF 14A), indicating it's a formal communication to members regarding voting matters for the annual meeting. The meeting agenda includes the review of the company's audited financial statements for the fiscal year ending December 31, 2023, providing members with financial performance insights.

Risk Assessment

Risk Level: low — SOUTH DAKOTA SOYBEAN PROCESSORS LLC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain significant new financial or operational information that would indicate high risk.

Analyst Insight

Members should review the financial statements and board candidate information prior to the June 18, 2024 meeting to make informed voting decisions.

Key Numbers

• June 18, 2024 — Annual Meeting Date (2024 Annual Meeting of Members)
• 5:30 p.m. (CDT) — Registration/Supper Start Time (Annual Meeting schedule)
• 6:30 p.m. (CDT) — Meeting Commencement Time (Annual Meeting schedule)
• 3 — Board Members to Elect (Election of board members)
• December 31, 2023 — Fiscal Year End (Audited financial statements)

Key Players & Entities

• SOUTH DAKOTA SOYBEAN PROCESSORS LLC (company) — Registrant name
• June 18, 2024 (date) — Date of Annual Meeting
• Sioux Valley High School Gym (location) — Location of Annual Meeting
• Volga, South Dakota (location) — Location of Annual Meeting
• December 31, 2023 (date) — Fiscal year end for financial statements

FAQ

Risk Factors

• Proxy Statement Compliance [low — regulatory]: The filing must comply with SEC regulations for proxy statements (Schedule 14A) to ensure proper disclosure to members.
• Meeting Logistics [low — operational]: Successful execution of the annual meeting requires proper organization of venue, timing, and member registration.
• Financial Statement Review [low — financial]: Members will review the audited financial statements for the fiscal year ended December 31, 2023, which requires clear and accurate reporting.
• Board Member Election [low — operational]: The election of three board members from distinct geographical districts is a key governance function requiring member participation.

Key Dates

• 2024-06-18: Annual Meeting of Members — Members will receive management reports, review financial statements, and elect board members.
• 2023-12-31: Fiscal Year End — Date for which audited financial statements will be presented.

Glossary

DEF 14A

Definitive Proxy Statement filed with the SEC. (Indicates the formal communication to shareholders regarding voting matters.)

Key Financial Figures

• $120,000 — received from the Company in excess of $120,000 from the sale and delivery of soybeans

Filing Documents

• sdsp-20240429.htm (DEF 14A) — 387KB
• sdsp-20240429_g1.gif (GRAPHIC) — 9KB
• 0001163609-24-000008.txt (&nbsp;) — 694KB
• sdsp-20240429.xsd (EX-101.SCH) — 1KB
• sdsp-20240429_htm.xml (XML) — 24KB

From the Filing

sdsp-20240429 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of Commission Only (as permitted by Rule 14c-5(d)(2)) x Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section 240.14a-12 South Dakota Soybean Processors, LLC (Name of Registrant As Specified in Charter) Payment of Filing Fee (Check the appropriate box): x No fee required Fee computed on table below per Exchange Act Rule 14a-6(i((1) and 0-11 (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: South Dakota Soybean Processors, LLC 100 Caspian Avenue, P.O. Box 500 Volga, South Dakota 57071 NOTICE OF ANNUAL MEETING OF MEMBERS JUNE 18, 2024 Members of South Dakota Soybean Processors, LLC: The 2024 Annual Meeting of Members of South Dakota Soybean Processors, LLC (the "Company," "we," "us" or "our") will be held on June 18, 2024, at the Sioux Valley High School Gym, located at 200 Hasina Avenue, Volga, South Dakota, 57071. Registration and supper will begin at 5:30 p.m. (CDT), and the Annual Meeting will commence at 6:30 p.m. (CDT). The purpose of the meeting is to take the following actions: (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 all adjournments thereof. You may vote in person at the meeting or cast your vote by mail-in ballot prior to the meeting. Mail-in ballots and information regarding the proposals on the ballot are available on our website at www.sdsbp.com , then clicking "Investors" and "2024 Annual Meeting" and may be printed by the members. For your ballot to be valid, it must be received by us no later than June 18, 2024 (10:00 a.m. CDT) or presented in person at the 2024 Annual Meeting. Ballots may be returned by mailing it to P.O. Box 500, Volga, South Dakota 57071, or emailing it to Amy.Koisti@sdsbp.com. If you have any problems or questions on the ballot process, please call us at (605) 627-6100. BY ORDER OF THE BOARD OF MANAGERS /s/ Craig Weber, President Board of Managers Volga, South Dakota April 29, 2024 YOUR VOTE IS VERY IMPORTANT. PLEASE PRINT, COMPLETE, SIGN AND RETURN YOUR BALLOT NO LATER THAN 10:00 A.M. CDT ON TUESDAY, JUNE 18, 2024 OR PRESENTED IN PERSON AT THE 2024 ANNUAL MEETING. YOU MAY REVOKE YOUR PROXY AT ANY TIME BEFORE IT IS VOTED. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF MEMBERS HELD ON JUNE 18, 2024: This Proxy Statement and the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the Securities Exchange Commission (SEC) on March 22, 2024 are available at www.sdsbp.com. South Dakota Soybean Processors, LLC 100 Caspian Avenue, P.O. Box 500 Volga, South Dakota 57071 PROXY STATEMENT 2024 ANNUAL MEETING OF MEMBERS JUNE 18, 2024 Registration and Supper - 5:30 p.m. Meeting - 6:30 p.m. VOTING INFORMATION The proxy statement and ballots were prepared by the board of managers of South Dakota Soybean Processors, LLC (the "Company," "we," "us" or "our") for use at the 2024 Annual Meeting of Members to be held on Tuesday, June 18, 2024, or at any adjournment thereof. The 2024 Annual Meeting will be held at the Sioux Valley High School Gym, located at 200 Hansina Avenue, Volga, South Dakota 57071. Distribution of this proxy statement and ballots to the members are scheduled to begin on or about May 1, 2024. QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING AND VOTING Q: Why did I receive this Proxy Statement? A: The board of managers of the Company is providing this proxy statement and ballot to enable you to vote at the 2024 Annual Meeting because you were a member of the Company at the close of business on May 1, 2024, the record date, and are entitled to vote

View Full Filing

View this DEF 14A filing on SEC EDGAR