Every 8-K that SOUTH DAK SOY UNIT CL A (SDSYA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SDSYA 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 SDSYA filings page.
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.
South Dakota Soybean Processors, LLC entered into an Amended and Restated Revolving Credit Promissory Note with lender CoBank, ACB on April 9, 2026. This Restated Note increases the principal available under the Company’s seasonal loan from $20 million to $30 million, providing additional short-term borrowing capacity while leaving all other material terms under the existing Credit Agreement dated March 17, 2025, and its amendments unchanged. The Restated Note will be included as an exhibit in the Company’s next periodic report.
South Dakota Soybean Processors, LLC reported unaudited 2025 results that finished close to its internal forecast, delivering what it calls solid returns. Revenue for the year was $503,815,120, generating gross profit of $24,698,076 and net income attributable to the company of $17,735,646, or $0.58 per capital unit on 30,411,500 units.
Total assets as of December 31, 2025 were $842,782,234, with members’ equity of $341,227,011. The new High Plains Processing plant began soybean crushing in October and refining in November and is progressing toward full-capacity operations. In 2025 the subsidiary used bonus depreciation, creating a sizable tax loss allocated to members, which management notes is a timing difference that does not affect operating performance or cash.
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.
South Dakota Soybean Processors, LLC approved and declared a cash distribution of $0.28 per outstanding capital unit, for a total distribution of approximately $8.5 million. This payment is expected to be made to members on February 12, 2026, providing immediate cash returns to unit holders.
South Dakota Soybean Processors, LLC entered into an Amended and Restated Credit Agreement with its lender, CoBank, ACB, replacing its prior credit agreement dated March 17, 2025. Under the new terms, the principal available under the company’s seasonal loan decreases from $70 million to $20 million, while the maturity date is extended to December 1, 2026. The agreement also lowers the company’s unconsolidated working capital requirement from $14 million to $10 million, easing this financial covenant. All other material terms from the prior credit agreement and its amendments remain in place, and the full Restated Credit Agreement will be included as an exhibit in the company’s next periodic report.