South Dakota Soybean Processors (SDSYA) raises CEO base salary to $440,000
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
South Dakota Soybean Processors, LLC updated its agreement with Chief Executive Officer Thomas J. Kersting. The new Amended and Restated Employment Agreement replaces his prior contract dated January 1, 2023, but keeps all terms the same except for base salary.
Under the amended agreement, Mr. Kersting’s base salary will increase to $440,000 for the years ended December 31, 2026 and 2027. The full details of his employment terms are set out in the Amended Agreement, which is included as Exhibit 10.1 and incorporated by reference.
Positive
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Negative
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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): February 12, 2026
| (Exact name of registrant as specified in its charter) | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
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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)) | ||||||||
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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 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensating Arrangements of Certain Officers.
On February 12, 2026, South Dakota Soybean Processors, LLC entered into Amended and Restated Employment Agreement (the "Amended Agreement") with its Chief Executive Officer, Thomas J. Kersting. The Amended Agreement, which supersedes and replaces the existing employment agreement dated January 1, 2023, contains terms and conditions that are identical to such prior employment agreement, except for a change to base salary. Under the Amended Agreement, Mr. Kersting’s base salary will increase to $440,000 for years ended December 31, 2026 and 2027.
A copy of the Amended Agreement is attached to this report as Exhibit 10.1 and incorporated herein by reference. The summary set forth above is qualified in its entirety by reference to Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 10.1 | Amended Agreement (Mr. Kersting) signed January 1, 2026 | |||||||
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: February 13, 2026 | /s/ Mark Hyde | |||||||
| Mark Hyde, Chief Financial Officer | ||||||||
FAQ
What change did South Dakota Soybean Processors (SDSYA) make to its CEO’s contract?
South Dakota Soybean Processors revised CEO Thomas J. Kersting’s employment agreement to adjust only his base salary. All other terms from his January 1, 2023 agreement remain unchanged under the new Amended and Restated Employment Agreement referenced as Exhibit 10.1.
What is the new base salary for the SDSYA CEO under the amended agreement?
The amended agreement sets CEO Thomas J. Kersting’s base salary at $440,000 for the years ended December 31, 2026 and 2027. This salary adjustment is the sole change from his prior January 1, 2023 employment agreement, with all other provisions staying the same.
When does the amended CEO employment agreement at South Dakota Soybean Processors take effect?
South Dakota Soybean Processors entered into the Amended and Restated Employment Agreement with CEO Thomas J. Kersting on February 12, 2026. The agreement primarily governs compensation for the years ended December 31, 2026 and 2027, notably increasing his base salary to $440,000 for those periods.
Does the SDSYA CEO’s new agreement change benefits or only salary?
The amended agreement for CEO Thomas J. Kersting keeps all prior terms and conditions the same, except for base salary. It explicitly states that only the base salary is changed, while the remaining provisions of the January 1, 2023 employment agreement continue unchanged.
Where can investors find full details of the SDSYA CEO’s amended employment agreement?
Full details of CEO Thomas J. Kersting’s amended employment agreement are contained in Exhibit 10.1 to the 8-K. The filing states that the summary provided is qualified in its entirety by reference to Exhibit 10.1, which is incorporated by reference.