SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 6, 2020
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GRANITE FALLS ENERGY, LLC |
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(Exact name of small business issuer as specified in its charter) |
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Minnesota |
000-51277 |
41-1997390 |
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(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
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15045 Highway 23 SE, Granite Falls, MN |
56241-0216 |
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(Address of principal executive offices) |
(Zip Code) |
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(320) 564-3100 |
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(Issuer's telephone number) |
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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):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b‑2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 8.01 - OTHER EVENTS
On April 6, 2020, Company management determined that it is in the best interest of the Company to extend the regularly scheduled annual temporary shutdown of the Company’s ethanol production operations, which commenced on or about April 3, 2020, until April 17, 2020. The Company utilizes the regularly scheduled annual temporary shutdown period to perform maintenance and other operational improvements, and, in observance of the Centers for Disease Control and Prevention’s social distancing guidelines, the Company is staggering the presence of contractors on its premises. Additionally, the Company is considering whether an additional period of idle after April 17, 2020 is appropriate, due to market risks and uncertainties related to the COVID-19 pandemic and its ramifications. The Company will continue to consider the information available to it and will provide additional disclosure in the event that the Company chooses to extend the idle period.
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.
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GRANITE FALLS ENERGY, LLC |
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Date: April 9, 2020 |
/s/ Stacie Schuler |
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Stacie Schuler, Chief Financial Officer |