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): April 11, 2017

LAKE AREA CORN PROCESSORS, LLC
(Exact name of registrant as specified in its charter)
 
 
 
South Dakota
000-50254
46-0460790
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
 
 
46269 SD Highway 34
P.O. Box 100
Wentworth, South Dakota 57075
(Address of principal executive offices)
 
(605) 483-2676
(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

Results of 2017 Annual Members' Meeting

On April 11, 2017, Lake Area Corn Process, LLC ("LACP") held its 2017 annual members' meeting to vote on the election of three managers whose terms were scheduled to expire in 2017, conduct an advisory vote on LACP's executive compensation called a "Say-On-Pay" and conduct an advisory vote on how frequently LACP would conduct the Say-On-Pay vote. The voting results from the meeting were as set forth below.
    
Proposal One: Election of Managers

Wayne Backus, Todd Brown and Marty Thompson were elected by a plurality vote of the members to serve terms which will expire in 2020. The votes for the nominee managers were as follows:
    
Nominee Managers
 
For
 
Withhold
Wayne Backus
 
111
 
8
Todd Brown
 
108
 
11
Marty Thompson
 
106
 
13

Proposal Two: Advisory Vote on Say-On-Pay
The compensation of our executives was endorsed by the members. The votes for Say-On-Pay were as follows:

For
 
Against
 
Abstain
112
 
7
 

Proposal Three: Advisory Vote on the Frequency of Say-On-Pay Vote
The members voted by a plurality vote to hold the Say-on-Pay vote every three years. The votes were as follows:

Every Year
 
Every Two Years
 
Every Three Years
 
Abstain
13
 
6
 
97
 
3


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.
 
 
 
LAKE AREA CORN PROCESSORS, LLC
 
 
 
 
Date:
April 12, 2017
 
/s/ Robbi Buchholtz
 
 
 
Robbi Buchholtz, Chief Financial Officer