Here are the DEF 14A proxy statements from Highwater Ethanol LLC (HEOL) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow HEOL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HEOL filings page.
Highwater Ethanol, LLC is holding its 2026 annual meeting of members on March 5, 2026 in Lamberton, Minnesota to elect three governors to its nine-member Board. Only members of record on January 21, 2026 may vote, with one vote per membership unit and 4,752 units outstanding on that date. A quorum requires holders of 30% of outstanding units, or 1,426 units, present in person or by proxy. The Board nominates incumbent governors David Eis, William Garth and David Moldan for terms expiring in 2029 and recommends a vote in their favor. The proxy statement details Board and committee structure, related-party corn and distillers grain transactions with several governors, executive employment agreements and bonuses, and 2025 compensation, including total pay of $433,791 for the CEO and $286,444 for the CFO, with a CEO pay ratio of 4.4:1.