Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 19, 2020, William Garth notified Cardinal Ethanol, LLC (the
"Company") that he would be resigning from his position on the board of
directors of the Company effective December 1, 2020. Mr. Garth was appointed as
a director by Indeck Energy Services, Inc. ("Indeck") pursuant to a special
right of appointment in Section 5.3(c) of the Company's Second Amended and
Restated Operating Agreement dated February 1, 2006, as amended from time to
time. Mr. Garth did not resign his position because of a disagreement with the
Company. On the same date, Indeck notified the Company that Gerald Forsythe
would be appointed to fill the vacancy in its appointed director position
effective December 1, 2020. The Company has not yet determined whether Mr.
Forsythe will serve on any of the committees of the board of directors. Mr.
Forsythe has no direct or indirect material interest in any transaction required
to be disclosed pursuant to Item 404(a) of Regulation S-K.
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CARDINAL ETHANOL, LLC 
