Homeland Energy Solutions, LLC (the "Company") held its 2018 annual members meeting on Thursday, April 12, 2018, for the purpose of electing three directors, voting on approval of an amendment to the Company's Operating Agreement, conducting an advisory "Say-on-Pay" vote and an advisory vote on how frequently the Company should conduct the Say-on-Pay vote. Votes were solicited in person and by proxy.
Proposal One: Director Election
The Company had five nominees for the three open director positions. Steven Core, Maurice Hyde and Christine Marchand were elected for three year terms until our 2021 annual meeting. The voting results for the director election were as follows:
Proposal Two: Operating Agreement Amendment
The proposal to approve the Operating Agreement Amendment was approved by the members. The votes were as follows:
Proposal Three: Say-on-Pay
We conducted an advisory vote where our members could either endorse or not endorse our system of compensating our executive officers called a "Say-on-Pay" vote. Our members voted to endorse our system of compensating our executive officers. The voting results for the Say-on-Pay vote were as follows:
Proposal Four: Frequency of Say-on-Pay
We conducted an advisory vote on how frequently our members would like to provide the advisory Say-on-Pay vote. The alternatives were for every year, every other year or every third year. Our members approved the every three year option. The voting results for the frequency of the Say-on-Pay vote were as follows:
Every 2 Years
Every 3 Years
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: April 13, 2018
/s/ Beth Eiler
Chief Financial Officer
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On or about June - June 24, 2020