South Dakota Soybean (SDSYA) members elect new board managers at 2026 annual meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
South Dakota Soybean Processors, LLC held its 2026 Annual Meeting of Members in Volga, South Dakota on June 16, 2026. Members received management’s report on the business and the audited financial statements for the fiscal year ended December 31, 2024.
Three members were elected to the board of managers, one from each geographical district. In District 1, Brandon Hope was elected with 135 votes and 14 abstentions. In District 2, Spencer Enninga was elected with 108 votes and 4 abstentions. In District 3, Adam Schindler was elected with 51 votes, ahead of Edward Verhelst with 39 votes and Ronald Welter with 28 votes, with no abstentions recorded.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
District 1 votes for Brandon Hope: 135 votes
District 1 abstain votes: 14 votes
District 2 votes for Spencer Enninga: 108 votes
+4 more
7 metrics
District 1 votes for Brandon Hope
135 votes
Election to board of managers, District 1, 2026 annual meeting
District 1 abstain votes
14 votes
Board of managers election, District 1, 2026 annual meeting
District 2 votes for Spencer Enninga
108 votes
Election to board of managers, District 2, 2026 annual meeting
District 2 abstain votes
4 votes
Board of managers election, District 2, 2026 annual meeting
District 3 votes for Adam Schindler
51 votes
Election to board of managers, District 3, 2026 annual meeting
District 3 votes for Edward Verhelst
39 votes
Board of managers election, District 3, 2026 annual meeting
District 3 votes for Ronald Welter
28 votes
Board of managers election, District 3, 2026 annual meeting
Key Terms
Annual Meeting of Members, board of managers, audited financial statements, abstain
4 terms
Annual Meeting of Members financial
"held its 2026 Annual Meeting of Members in Volga, South Dakota."
board of managers financial
"To elect three members of the board of managers, one from each of the three geographical districts;"
audited financial statements financial
"the Company's audited financial statements for the fiscal year ended December 31, 2024;"
Audited financial statements are a company's financial reports—like its income, expenses, assets and debts—that have been examined and verified by an independent accountant to confirm they are accurate and complete. For investors, an audit is like having a trusted mechanic inspect a used car: it increases confidence that the financial picture is reliable, reduces the risk of hidden problems, and supports better decisions about valuing or trusting the company.
abstain financial
"Brandon Hope | 135 Abstain | 14"
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): June 16, 2026
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| (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) | ||||||||
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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 5.07 Submission of Matters to Vote of Security Holders.
On June 16, 2026, South Dakota Soybean Processors, LLC ("the Company") held its 2026 Annual Meeting of Members in Volga, South Dakota. The primary purposes of the meeting were: (1) To receive the report of management on the business of the Company and the Company's audited financial statements for the fiscal year ended December 31, 2024; (2) To elect three members of the board of managers, one from each of the three geographical districts; and (3) To transact such other business as may properly come before the meeting and at any and all adjournments thereof.
On the proposal to elect three members to the board of managers, the following persons were elected:
| District 1: | Brandon Hope | ||||
| District 2: | Spencer Enninga | ||||
| District 3: | Adam Schindler | ||||
In District 1, Brandon Hope, who ran unopposed, was elected by the following voting tally:
| Brandon Hope | 135 | ||||
| Abstain | 14 | ||||
In District 2, Spencer Enninga, who ran unopposed, was elected by the following voting tally
| Spencer Enninga | 108 | ||||
| Abstain | 4 | ||||
In District 3, Adam Schindler was elected by the following voting tally:
| Adam Schindler | 51 | ||||
| Edward Verhelst | 39 | ||||
| Ronald Welter | 28 | ||||
| Abstain | 0 | ||||
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: June 18, 2026 | /s/ Mark Hyde | |||||||
| Mark Hyde, Chief Financial Officer | ||||||||
FAQ
What did South Dakota Soybean Processors (SDSYA) vote on at the 2026 annual meeting?
Members primarily received management’s report and the audited 2024 financial statements and elected three board of managers members, one from each geographical district. The meeting also allowed for any other proper business to be transacted if raised by members.
Who was elected to the South Dakota Soybean Processors (SDSYA) board of managers in 2026?
Three individuals were elected to the board of managers: Brandon Hope for District 1, Spencer Enninga for District 2, and Adam Schindler for District 3. Each will represent their respective geographical district on the Company’s governing board.
What were the vote results for District 1 at South Dakota Soybean Processors’ 2026 meeting?
In District 1, Brandon Hope ran unopposed and received 135 votes, with 14 abstentions. These results confirm his election as the District 1 board of managers representative for South Dakota Soybean Processors, LLC at the 2026 Annual Meeting of Members.
How did voting turn out for District 2 at South Dakota Soybean Processors (SDSYA)?
In District 2, Spencer Enninga ran unopposed and was elected with 108 votes, while 4 votes were marked as abstain. This confirmed his selection as the District 2 member of the board of managers for the Company in 2026.
What were the District 3 election results for South Dakota Soybean Processors’ board of managers?
District 3 was contested, with Adam Schindler receiving 51 votes, Edward Verhelst 39 votes, and Ronald Welter 28 votes. There were no abstentions recorded, and these results led to Adam Schindler’s election to the board of managers.
When were South Dakota Soybean Processors’ 2024 financial statements presented to members?
The audited financial statements for the fiscal year ended December 31, 2024 were presented at the 2026 Annual Meeting of Members held on June 16, 2026. Management also provided a report on the Company’s business during this meeting.