---
schema_version: "secwatch.filing_event.v1"
accession: "0001163609-23-000002"
form_type: "8-K"
ticker: "SDSYA"
cik: "0001163609"
company_name: "SOUTH DAKOTA SOYBEAN PROCESSORS LLC"
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:10:12.974897+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# CEO Thomas J. Kersting signs new 5-year employment agreement with $400k base salary and profit sharing

## Summary
- New employment agreement effective Jan 1, 2023 through Dec 31, 2027.
- Base salary fixed at $400,000 per year, with no increases unless material change in duties.
- Annual profit sharing bonus equals 0.7% of net income over $2 million.
- Without-cause termination entitles CEO to base salary for greater of remaining term or 52 weeks.
- Non-compete applies during term plus two years; non-solicit during term plus one year.

## SEC filing metadata
- accession: 0001163609-23-000002
- form_type: 8-K
- ticker: SDSYA
- cik: 0001163609
- company_name: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000002/0001163609-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000002/sdsp-20230101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163609-23-000002
- JSON: https://secwatch.observer/filing/0001163609-23-000002.json
- Plain text: https://secwatch.observer/filing/0001163609-23-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.