U.S. Premium Beef LLC amends LLC agreement to authorize pass-through entity tax elections

U. S. Premium Beef, LLC

Board granted authority to make pass-through entity (PTE) tax elections in states where creditable against member taxes.
Board may determine which members participate in PTE election and make special distributions to non-participating members.
Amendment effective March 1, 2023; adopted by Board resolution without member approval.
No disproportionate effect on any class of securities.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

U. S. Premium Beef, LLC: Board approved an amendment to the Amended and Restated Limited Liability Company Agreement to add provisions regarding pass-through entity elections and related distributions (effective 2023-03-01).

Change: charter amendment
Effective: 2023-03-01

Exact text from the filing

On March 1, 2023, the Board of Directors (the “Board”) of U.S. Premium Beef, LLC (the “Company”) approved the Amendment to the Company’s Amended and Restated Limited Liability Company Agreement (the “Amendment”), effective as of such date.

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Source: SEC EDGAR

accession 0001683168-23-001289

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