-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Kn4t0GLHrpMt03PpYtd+j2gMEaA3ztioxIdZL+uvhCnOdlkcZy9+ilOPRUD0+LDi T8CO7XsrlHZWdqGqddXy5w== 0001362310-09-000499.txt : 20090120 0001362310-09-000499.hdr.sgml : 20090119 20090120154148 ACCESSION NUMBER: 0001362310-09-000499 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090113 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20090120 DATE AS OF CHANGE: 20090120 FILER: 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51277 FILM NUMBER: 09534188 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 8-K 1 c79596e8vk.htm FORM 8-K Filed by Bowne Pure Compliance
 
 

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): January 13, 2009

GRANITE FALLS ENERGY, LLC
 (Exact name of registrant as specified in its charter)
         
Minnesota   000-51277   41-1997390
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
15045 Highway 23 SE, Granite Falls, MN
   56241-0216
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (320) 564-3100
 
 
(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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

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Item 5.02 Departure of Governors

On January 13, 2009, the Granite Falls Energy, LLC (the “Company”) Board of Governors adopted a resolution recognizing and approving the private transfer of 2,000 membership units from Glacial Lakes Energy, LLC (“Glacial Lakes”) to Fagen, Inc. (“Fagen”). Pursuant to the Company’s Fifth Amended and Restated Operating and Member Control Agreement (“Member Control Agreement”), Glacial Lakes had the right to appoint two representatives to the Company’s Board of Governors so long as Glacial Lakes owns no less than 20% of the Company’s issued and outstanding membership units. The transfer of 2,000 membership units from Glacial Lakes to Fagen has reduced Glacial Lakes’ ownership of the Company to less than 20% of the issued and outstanding membership units. Accordingly, pursuant to the terms of the Member Control Agreement, Glacial Lakes has relinquished its right to appoint two representatives to the Company’s Board of Governors and the two Glacial Lakes representatives, Mr. Mark Schmidt and Mr. Terry Mudgett, are deemed to have resigned from the Company’s Board of Governors as of January 13, 2009. Mr. Mudgett was also a member of the Company’s risk management committee. The Company anticipates that the members of the Company will elect two governors to replace Mr. Schmidt and Mr. Mudgett at the Company’s annual members’ meeting to be held in March 2009.

SIGNATURES

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.

     
 
   GRANITE FALLS ENERGY, LLC
 
   
January 20, 2009 
  /s/ Stacie Schuler                                
 
   
Date
  Stacie Schuler, Chief Financial Officer

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