On February 15, 2018, Homeland Energy Solutions, LLC (the "Company") executed an amended and restated consulting agreement with Cornerstone Resources LLC (the "Agreement"). Pursuant to the Agreement, Cornerstone Resources provides the services of James Broghammer to serve as the President and CEO of the Company. Pursuant to the Agreement, the engagement of Cornerstone Resources will continue until December 31, 2018 unless it is earlier terminated. Thereafter, the Agreement will continue on a month-to-month basis. Cornerstone Resources will be compensated on a flat fee basis per day of services provided. Cornerstone Resources is entitled to reimbursement of certain out of pocket expenses incurred pursuant to the Agreement. Mr. Broghammer is entitled to a bonus based on the Company's ne t income pursuant to the restrictions set forth in the Agreement.
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.
HOMELAND ENERGY SOLUTIONS, LLC
Date: February 16, 2018
/s/ Beth Eiler
Chief Financial Officer
(Principal Financial Officer)
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