Cardinal Ethanol, LLC Announces Departure of Daniel Sailer from Board of Directors
May 02, 2022 at 12:30 pm EDT
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On May 1, 2022, the term of the appointed seat currently held by Daniel Sailer on the board of directors of Cardinal Ethanol, LLC (the "Company") expired and the seat dissolved. The term of the seat expired as a result of the termination of certain appointment rights formerly held by C. Allan Rosar pursuant to Section 5.3(c) of the Second Amended and Restated Operating Agreement, as amended, of the Company. The departure of Mr. Sailer from the Company's board of directors was due to the expiration of his seat and not the result of a disagreement with the Company.
Cardinal Ethanol, LLC and its subsidiaries is engaged in producing fuel-grade ethanol, distillers grains, corn oil and carbon dioxide near Union City, Indiana and sells these products throughout the continental United States. In addition, the Company procures, transports, and sells grain commodities through grain operations. Its divisions include ethanol and trading. Its ethanol division markets and sells ethanol and its co-products primarily in the continental United States using third party marketers. Its ethanol products are marketed by Murex, LLC and distillers grains are marketed by CHS, Inc. It markets and distributes all the corn oil it produces directly to end users and third-party brokers. The Company's trading division has a grain loading facility within its single site to buy, hold and sell inventories of agricultural grains, primarily soybeans. It performs no additional processing of these grains, unlike the corn inventory the Company holds and uses in ethanol production.
CARDINAL ETHANOL, LLC 
