8-K
SOUTH DAKOTA SOYBEAN PROCESSORS LLC (SDSYA)
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 17, 2025
| 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 Avenue; PO Box 500<br><br>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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| ¨ | Emerging growth company |
|---|
Item 5.07 Submission of Matters to Vote of Security Holders.
On June 17, 2025, South Dakota Soybean Processors, LLC ("the Company") held its 2025 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, 2024; (2) To elect three members of the board of managers, one from each of the three geographical districts; (3) To approve, on an advisory basis, the compensation of the Company's named executive officers ("Say-on-Pay"); and (4) To transact such other business as may properly come before the meeting and at any and all adjournments thereof.
On the proposal to elect three members to the board of managers, the following persons were elected:
| District 1: | Craig Weber |
|---|---|
| District 2: | Gary Goplen |
| District 3: | Lewis Bainbridge |
In District 1, Craig Weber, who ran unopposed, was elected by the following voting tally:
| Craig Weber | 149 |
|---|---|
| Abstain | 17 |
In District 2, Gary Goplen was elected by the following voting tally:
| Gary Goplen | 76 |
|---|---|
| Brian Hicks | 65 |
| William Louwagie | 33 |
| Abstain | 11 |
In District 3, Lewis Bainbridge, who ran unopposed, was elected by the following voting tally:
| Lewis Bainbridge | 135 |
|---|---|
| Abstain | 16 |
In the second proposal, the members voted to approve, on an advisory and non-binding basis, the compensation of the Company's named executive officers by the following tally:
| For | 280 |
|---|---|
| Against | 83 |
| Abstain | 139 |
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, 2025 | /s/ Mark Hyde |
| Mark Hyde, Chief Financial Officer |