0001104659-16-100994.txt : 20160229 0001104659-16-100994.hdr.sgml : 20160229 20160229160111 ACCESSION NUMBER: 0001104659-16-100994 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20160229 DATE AS OF CHANGE: 20160229 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Granite Falls Energy, LLC CENTRAL INDEX KEY: 0001181749 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 411997390 STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82469 FILM NUMBER: 161467563 BUSINESS ADDRESS: STREET 1: 15045 HIGHWAY 23 S.E. CITY: GRANITE FALLS STATE: MN ZIP: 56241-0216 BUSINESS PHONE: 320-564-3100 MAIL ADDRESS: STREET 1: 15045 HIGHWAY 23 S.E. CITY: GRANITE FALLS STATE: MN ZIP: 56241-0216 FORMER COMPANY: FORMER CONFORMED NAME: GRANITE FALLS COMMUNITY ETHANOL PLANT LLC DATE OF NAME CHANGE: 20020821 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Glacial Lakes Energy, LLC CENTRAL INDEX KEY: 0001325482 IRS NUMBER: 460461664 STATE OF INCORPORATION: SD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 301 20TH AVE. SE STREET 2: P.O. BOX 933 CITY: WATERTOWN STATE: SD ZIP: 57201-5922 BUSINESS PHONE: (605) 882-8480 MAIL ADDRESS: STREET 1: 301 20TH AVE. SE STREET 2: P.O. BOX 933 CITY: WATERTOWN STATE: SD ZIP: 57201-5922 SC 13D/A 1 a16-5514_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

Amendment No. 7 to

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934

Granite Falls Energy, LLC

(Name of Issuer)

 

Membership Units

(Title of Class of Securities)

 

None

(CUSIP Number)

 

Glacial Lakes Energy, LLC

301 20th Avenue S.E.

Watertown, South Dakota  57201

Telephone Number (605) 882-8480

 

With a copy to:

 

Michael L. Weaver

Lindquist & Vennum P.L.L.P.

4200 IDS Center

Minneapolis, Minnesota  55402

(612) 371-3987

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

February 25, 2016

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13(d)-1(g), check the following box. o

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   

 

 

1

Names of Reporting Persons
S.S. or I.R.S. Identification No. of above persons

Glacial Lakes Energy, LLC

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
WC

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
South Dakota

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
5,004

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
5,004

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
5,004

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13

Percent of Class Represented by Amount in Row (11)
16.35%*

 

 

14

Type of Reporting Person (See Instructions)
CO

 


*Based on 30,606 membership units outstanding as reported in Granite Falls Energy, LLC Definitive Proxy Statement dated February 1, 2016 filed with the SEC on February 1, 2016.

 

2



 

Reference is hereby made to the statement on Schedule 13D originally filed with the Securities Exchange Commission on May 25, 2007, Amendment No. 1 filed with the Securities Exchange Commission on December 8, 2008, Amendment No. 2 filed on February 11, 2009, Amendment No. 3 filed on February 24, 2009 (collectively the “Schedule 13D”) Amendment No. 4 filed on July 9, 2009, Amendment No. 5 filed on August 24, 2009 and Amendment No. 6 filed on December 23, 2013.  Pursuant to this Amendment No. 7 to Schedule 13D, Items 4, 6 and 7 are hereby amended as follows:

 

Item 4.                                                         Purpose of the Transaction.

 

On February 25, 2016 Glacial Lakes Energy, LLC (“GLE”) sent a letter via email to request the Member List of the Issuer pursuant to Minnesota Statutes 322B.373 and Sections 7.7(a) and 11.5 of the Fifth Amended and Restated Operating and Member Control Agreement of Granite Falls Community Ethanol Plant, LLC.  A copy of the letter is included as Exhibit 7.1 to this Amendment No. 7 to Schedule 13D.

 

Item 6.                                                         Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.  See the response to Item 4 above and the exhibit identified in Item 7 below.

 

Item 7.                                                         Material to be Filed as Exhibits.

 

7.1                               Letter dated February 25, 2016 from Glacial Lakes Energy, LLC to Mr. Steve Christensen, Granite Falls Energy, LLC.

 

SIGNATURE

 

After reasonable inquiry and to the best of his knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated:  February 26, 2016

 

 

 

Name:

/s/ James A. Seuer

 

 

James A. Seuer, Chief Executive Officer
Glacial Lakes Energy, LLC

 

3


EX-7.1 2 a16-5514_1ex7d1.htm EX-7.1

Exhibit 7.1

 

 

 

Glacial Lakes Energy, LLC
Corn Ethanol Feed
Watertown & Mina, SD

 

 

February 25, 2016

 

VIA EMAIL (SChristensen@granitefallsenergy.com) and OVERNIGHT DELIVERY

 

Mr. Steve Christensen
Granite Falls Energy, LLC
15045 Highway 23 S.E.
Granite Falls, MN 56241-0216

 

Request for Member List

 

Dear Steve:

 

Glacial Lakes Energy, LLC (“GLE”) is the beneficial owner of 5,004 membership units (approximately 16.35% membership interest) in Granite Falls Energy, LLC, a Minnesota limited liability company (the “Company”). Pursuant to Minn. Stat. 3228.373 and Sections 7.7(a) and 11.5 of the Fifth Amended and Restated Operating and Member Control Agreement of Granite Falls Community Ethanol Plant, LLC dated August 12, 2004, as amended (the “Operating Agreement”), GLE hereby requests a copy of the Member List (i.e., the alphabetical list of members and their addresses, business telephone numbers and Company ownership information, as further described in Section 11.5(b) of the Operating Agreement and Minn. Stat. 3228.373, subd. 1(1)). If you could provide the Member List electronically prior to March 4, 2016, that would be much appreciated.

 

The purposes for which we have requested a copy of the Member List include, without limitation, matters relating to our voting rights under the Operating Agreement and the exercise of our rights under federal proxy laws. We represent to you that the list is not requested for a commercial purpose unrelated to our interest in the Company.

 

Please advise me if you intend to electronically mail us a copy of the Member List before March 4, 2016.Otherwise, we will have an authorized representative of GLE come to your office on March 4, 2016 at 9:00 a.m. to inspect and copy the Member List.

 

Sincerely,

 

GLACIAL LAKES ENERGY, LLC

 

 

 

/s/ James A. Seurer

 

James A. Seurer

 

Chief Executive Officer

 

 

PO Box 933 · 301 20th Avenue, SE, Watertown, SD 57201 · Ph: 605-882-8480 · glaciallakesenergy.com

 


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