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):March 15, 2007
GRANITE FALLS ENERGY, LLC
(Exact name of small business issuer as specified in its charter)
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Minnesota
(State or other jurisdiction of
incorporation or organization) | | 000-51277
(Commission File Number) | | 41-1997390
(I.R.S. Employer Identification No.) |
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15045 Highway 23 SE, Granite Falls, MN
(Address of principal executive offices) | | 56241-0216
(Zip Code) |
(320) 564-3100
(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 (seeGeneral 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 Appointment of Directors
On March 15, 2007, pursuant to the Granite Falls Energy, LLC (the “Company”) Fifth Amended and Restated Operating and Member Control Agreement (“Member Control Agreement”), Fagen, Inc. exercised its right to appoint one of its representatives to the board of governors of the Company. Fagen, Inc. has appointed Mr. Chad Core to fill its appointed seat. Mr. Core will serve at the pleasure of Fagen, Inc.
For the past five years, Mr. Core has served in the U.S. Army as a Counterintelligence Agent and as an Investigative Consultant for the Department of Defense. In 2006, Mr. Core joined Fagen, Inc. in Granite Falls, Minnesota as a fuel ethanol project developer in Fagen, Inc.’s marketing department.
Item 2.02 Results of Operations and Financial Condition
On March 15, 2007, the board of governors announced its intention to make a cash distribution of $100.00 per membership unit for a total distribution of $3,115,600 to its unit holders of record as of April 1, 2007. The cash distribution is subject to approval by the Company’s primary lender, First National Bank of Omaha (the “Bank”). If the distribution is approved by the Bank, the Company expects the distribution to be made on or about April 1, 2006.
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.
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| | GRANITE FALLS ENERGY, LLC
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| Date: March 20, 2007 | /s/ Stacie Schuler | |
| | Stacie Schuler, Chief Financial Officer | |
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