0001163609-17-000038.txt : 20171127 0001163609-17-000038.hdr.sgml : 20171127 20171127154527 ACCESSION NUMBER: 0001163609-17-000038 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171121 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20171127 DATE AS OF CHANGE: 20171127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTH DAKOTA SOYBEAN PROCESSORS LLC CENTRAL INDEX KEY: 0001163609 STANDARD INDUSTRIAL CLASSIFICATION: FATS & OILS [2070] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50253 FILM NUMBER: 171222827 BUSINESS ADDRESS: STREET 1: 100 CASPIAN AVE. STREET 2: P.O. BOX 500 CITY: VOLGA STATE: SD ZIP: 57071 BUSINESS PHONE: 6056279240 MAIL ADDRESS: STREET 1: 100 CASPIAN AVE. STREET 2: P.O. BOX 500 CITY: VOLGA STATE: SD ZIP: 57071 FORMER COMPANY: FORMER CONFORMED NAME: SOYBEAN PROCESSORS LLC DATE OF NAME CHANGE: 20011213 8-K 1 a8-kx2017x11x21.htm 8-K Document


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): November 21, 2017
sdsbpl1a18.gif
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 2.01 Completion of Acquisition or Disposition of Assets.
On November 21, 2017, we sold our remaining ownership interest in Minnesota Soybean Processors, Brewster, Minnesota, consisting of 1,351,400 Class A preferred units, to Capitaline Growth and Income, LP, Brookings, South Dakota, for $3,204,980.
Additionally, on November 21, 2017 our Board of Managers approved the investment of an additional $5.0 million in Prairie AquaTech, Brookings, South Dakota, a start-up company engaged in the research and development of animal protein derived from agricultural products like soybeans. This investment is subject to certain conditions including Prairie AquaTech's ability to complete the equity financing necessary to construct a production facility in Volga, South Dakota.
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: November 27, 2017
 
/s/ Mark Hyde
 
 
Mark Hyde, Chief Financial Officer
 
 
 



GRAPHIC 2 sdsbpl1a18.gif begin 644 sdsbpl1a18.gif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end