UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): September 24, 2012
IOWA RENEWABLE ENERGY, LLC | |||
(Exact name of registrant as specified in its charter) | |||
Iowa | 000-52428 | 20-3386000 | |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |
1701 East 7th Street, Washington, IA | 52353 | ||
(Address of principal executive offices) | (Zip Code) | ||
(319) 653-2890 | |||
(Registrant's telephone number, including area code) | |||
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 5.07 Submission of Matters to a Vote of Security Holders
On Monday, September 24, 2012, Iowa Renewable Energy, LLC ("IRE") held its annual member meeting. Pursuant to the proxy statement filed by IRE, the following six proposals were presented at the annual meeting for a vote by the members: (1) To amend and restate IRE's Second Amended and Restated Operating Agreement to provide for two classes of units; (2) to reclassify IRE's units into Class A and Class B Units for the purpose of discontinuing the registration of IRE's units under the Securities and Exchange Act of 1934; (3) to approve the voting rights of our Class B Units to only election of directors, voluntary dissolution and mergers along with certain specific amendments to the Operating Agreement; (4) to approve transfer restrictions for our Class A Units to be limited to transfers in blocks of at least ten Class A Units; (5) to elect two directors to the seats open for election; and (6) to adjourn or postpone the meeting if necessary or appropriate, to solicit additional proxies if there are not sufficient votes at the meeting to approve the matters under consideration. Due to the passage of Proposals 1, 2 3, and 4, the outcome of voting of Proposal 6 was irrelevant.
For | Against | Abstain | |||||||
Proposal 1 - Third Amended and Restated Operating Agreement | 10,720 | 916 | 81 | ||||||
Proposal 2 - Reclassification of Units/Deregistration | 10,705 | 906 | 106 | ||||||
Proposal 3 - Voting Rights of Class B | 10,740 | 871 | 106 | ||||||
Proposal 4 - Transfer Restrictions on Class A | 10,563 | 738 | 416 | ||||||
Proposal 5 - Director Elections | |||||||||
Larry Rippey | 9,605 | 320 | 1,792 | ||||||
Tim Swift | 9,872 | 293 | 1,552 | ||||||
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.
IOWA RENEWABLE ENERGY, LLC | |
Date: September 26, 2012 | /s/ Larry Rippey |
Larry Rippey | |
Chairman and President | |