Red Trail Energy LLC

12/10/2024 | Press release | Distributed by Public on 12/10/2024 14:59

Proxy Results Form 8 K

Item 5.07 Submission of Matters to a Vote of Security Holders.
Results of 2024 Special Members' Meeting
On December 5, 2024, Red Trail Energy, L.L.C. ("Red Trail") held its 2024 special members' meeting (the "Special Meeting") to vote to: (1) approve the sale by the Company of substantially all of its assets pursuant to the Asset Purchase Agreement dated September 10, 2024 (the "Asset Purchase Agreement") by and between the Company, Gevo, Inc. ("Parent" or "Gevo"), and its wholly owned subsidiaries Richardton CCS, LLC ("R-CCS") and Net-Zero Richardton, LLC ("NZ-R" and together with R-CCS, "Buyer") (the "Asset Sale"); (2) amend the Articles of Organization of the Company to change its name to South 8 Energy, LLC or such other name approved by the Board, following, and conditioned upon, the approval and closing of the Asset Sale (the "Name Change Proposal"); and (3) adjourn or postpone the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve the Asset Sale or the Name Change Proposal (the "Adjournment Proposal") The voting results from the meeting were as follows:
Proposal One: Sale by the Company
For Against Abstain
32,326,956 241,000 -
Proposal Two: Change company name
For Against Abstain
31,979,356 588,600 -
Proposal Three: Adjourn or Postpone Special Meeting
For Against Abstain
31,911,955 656,001 -