UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): August 1, 2005
EAST KANSAS AGRI-ENERGY, L.L.C.
(Exact name of small business issuer as specified in its charter)
Kansas | | 333-96703 | | 48-1251578 |
(State or other jurisdiction of
incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
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P.O. Box 225
210 1/2 East 4th Ave. Garnett
Kansas 66032 |
(Address of principal executive offices) |
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(785) 448-2888 |
(Issuer’s telephone number) |
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Appointment of a Chief Financial Officer
On August 1, 2005, board of directors of East Kansas Agri-Energy, L.L.C. (the “Company”) appointed Thomas Leitnaker, age 52, to the position of Chief Financial Officer (CFO) and terminated the position of treasurer, formerly held by Jill Zimmerman. The duties and responsibilities of the treasurer’s office have been reassigned to the CFO.
Prior to his appointment as the Company’s CFO, Mr. Leitnaker was a division controller for a truck manufacturing company for 15 years.
Departure of Directors
Pursuant to the Unit Purchase and Redemption Agreement (the “Agreement”) dated September 27, 2004 between the Company and Fagen, Inc. (“Fagen”) and ICM, Inc. (“ICM”), Fagen and ICM appointed Brian Thome, Jerry Jones, and Dave Vander Griend to the Company’s board of directors. Pursuant to the Agreement, the number of directors so appointed by Fagen and ICM was to be progressively decreased on a one director per $2,000,000 basis as we redeem the units. A copy of the Agreement was filed as Exhibit 10.12 to the Company’s quarterly report on Form 10-QSB for quarter ended September 30, 2004.
On August 1, 2005, the Company redeemed 3,125 units from each Fagen and ICM at a total redemption price of $6,875,000. Therefore, pursuant to the Agreement, the terms of directors Brian Thome, Jerry Jones, and Dave Vander Griend expired, and they are no longer serving on the Company’s board of directors.
Appointment of Directors
On May 5, 2005, the board of directors determined that it would appoint two representatives from Ethanol Capital Partners, L.P. to the board of directors to fill vacancies left by the departure of the Fagen and ICM appointed directors in connection with Ethanol Capital Partners, L.P.’s purchase of 4,550 of the Company’s membership units in the Company’s registered offering. Effective August 1, 2005, Gary Schwendiman and Charles Torrey were appointed to fill these seats for a term ending with the election of directors by our members at the 2006 annual meeting of members.
At this point, it has not been determined whether Mr. Schwendiman and Mr. Torrey will serve on any committees of the board of directors.
Item 8.01 Other Events.
The Company closed its registered offing on July 20, 2005 and on August 1, 2005, the Company broke escrow in accordance with the procedures outlined in the Escrow Agreement between the Company and Mission Bank dated April 15, 2005, and the Company’s registration statement on Form SB-2.
SIGNATURES
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.
| EAST KANSAS AGRI-ENERGY, L.L.C. |
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Date: | August 5, 2005 | | /s/ Thomas Leitnaker |
| Thomas Leitnaker (Chief Financial Officer) |
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