Highest-materiality recent filing
South Dakota Soybean Processors elects three board members at annual meeting
Brandon Hope (District 1) elected with 135 votes, 14 abstain.
South Dakota Soybean Processors increases revolving credit facility from $20M to $30M
Amended credit note with CoBank on April 9, 2026; seasonal loan limit raised $10M.
SDSP FY2025 net income $17.7M ($0.58/unit) on revenue $503.8M
Revenue $503.8M, gross profit $24.7M, net income attributable to company $17.7M.
South Dakota Soybean Processors raises CEO salary to $440,000 in amended agreement
Base salary increased to $440,000/year for 2026 and 2027, superseding Jan 1, 2023 agreement.
South Dakota Soybean Processors declares $0.28/unit distribution totaling ~$8.5M
Board declared a cash distribution of $0.28 per outstanding capital unit on February 10, 2026.
On November 24, 2025, South Dakota Soybean Processors entered into an Amended and Restated Credit Agreement with CoBank, ACB.
SD Soybean Processors elects Weber, Goplen, Bainbridge to board; say-on-pay approved
Craig Weber elected for District 1 unopposed (149 for, 17 abstain).
SD Soybean Processors extends revolving term note maturity to March 2030
Entered amended restated revolving term promissory note with CoBank, ACB on May 22, 2025.
South Dakota Soybean Processors amends credit agreement, increases revolver to $65M
Seasonal loan facility reduced from $85M to $70M, maturity extended to December 1, 2025.
Revenue $554.4M, gross profit $29.4M, net income attributable to company $20.3M.
SD Soybean Processors declares $0.25/unit cash distribution, ~$7.6M total
Board approved cash distribution of $0.25 per outstanding capital unit on Feb 4, 2025.
South Dakota Soybean Processors elects three board members; District 3 tie broken by procedure
District 1: Doyle Renaas elected unopposed with 176 votes (12 abstain).
South Dakota Soybean Processors declares $1.30 per unit cash distribution (approx. $39.5M)
Board approved $1.30 per outstanding capital unit cash distribution on January 30, 2024.
South Dakota Soybean Processors appoints Andrew Carlson as VP of Engineering and Innovation
Andrew Carlson appointed VP of Engineering and Innovation, effective Oct 16, 2023.
South Dakota Soybean Processors enters amended credit agreement with CoBank for new $90M term note
Entered Amended and Restated Credit Agreement with CoBank on September 20, 2023, amending prior 2016 agreement and creating a new multiple advance term note.
South Dakota Soybean Processors appoints Carl Odde COO, John Prohaska VP of Processing
Carl Odde appointed COO and John Prohaska appointed VP of Processing, effective Oct 1, 2023.
SDSP subsidiary High Plains Partners forms JV with bp to co-own $500M crush plant
High Plains Partners (SDSP subsidiary) and BP Products North America (bp) will co-own the High Plains Processing facility in Mitchell, SD.
South Dakota Soybean Processors guarantees $111.35M for new oilseed plant with 35M bushel capacity
Company guaranteed obligations of subsidiary High Plains Partners for investment in High Plains Processing oilseed plant near Mitchell, SD.
South Dakota Soybean Processors elects nine board members at 2023 annual meeting
Brandon Hope, Doyle Renaas, Craig Weber elected unopposed in District 1.
South Dakota Soybean Processors increases revolving credit facility from $75M to $85M with CoBank
Principal amount increased from $75M to $85M under Restated Seasonal Note with CoBank.
South Dakota Soybean Processors reduces revolving credit line to $75M from $85M with CoBank
Principal decreased from $85M to $75M under Restated Seasonal Note with CoBank.
South Dakota Soybean Processors declares $1.20 per unit distribution payable Feb 2
Board approved cash distribution of $1.20 per outstanding capital unit, totaling approximately $36.5 million.
New employment agreement effective Jan 1, 2023 through Dec 31, 2027.
South Dakota Soybean Processors director Ron Anderson resigns for personal reasons
Ron Anderson resigned from the Board of Managers effective September 8, 2022.
Shareholders elect board and approve Operating Agreement amendments at 2021 annual meeting
Board members elected: Converse (91 for), Nelsen (105), Hanson (87), Welter (43 vs 37), Skinner (105). District 4 contested.
South Dakota Soybean Processors increases revolving credit facility to $85M with CoBank
Restated Seasonal Note increases borrowing capacity from $70M to $85M, matures Dec 1, 2022.
SDSP posts record FY2021 net income $28M, EPS $0.92; announces new multi-seed plant in Mitchell, SD
Net income of $28.0M ($0.92 per capital unit) on revenues of $590.2M; gross profit $33.5M, operating profit $28.9M.
SDSP announces new multi-seed processing plant near Mitchell, SD; capacity 35M bushel soybeans/yr
Plant will process 35M bushels soybeans or 1.0M tons hi-oilseed crops annually; operation expected in 2025.
South Dakota Soybean Processors declares $0.57 per unit distribution
Cash distribution of $0.57 per outstanding capital unit declared.
Amends credit pacts with CoBank; $70M seasonal note, $18M revolver amortizing $2M/6mo
$70 million seasonal note unchanged, matures Dec 1, 2022.
On October 16, 2023, South Dakota Soybean Processors, LLC (the “Company”) hired and appointed Andrew Carlson as VP of Engineering and Innovation.
On September 19, 2023, the Board of Managers (the “Board”) of South Dakota Soybean Processors, LLC (the “Company”) appointed Carl Odde as Chief Operating Officer, and John Prohaska as VP of Processing, effective October 1, 2023.
On September 19, 2023, the Board of Managers (the “Board”) of South Dakota Soybean Processors, LLC (the “Company”) appointed Carl Odde as Chief Operating Officer, and John Prohaska as VP of Processing, effective October 1, 2023.
On September 8, 2022, Mr. Ron Anderson resigned as a member of the Board of Managers (“Board”) of South Dakota Soybean Processors, LLC (the “Company”) for personal reasons, effective immediately.
Max materiality 0.80 · Median 0.50 · Most common event debt