ITEM 5.07 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

On March 19, 2020, Granite Falls Energy, LLC (the "Company") held its 2020 Annual Meeting of Members (the "Annual Meeting") for the purpose of electing three governors to its board of governors. Votes were solicited in person and by proxy.

Of the Company's 30,606 units issued, outstanding and entitled to vote at the Annual Meeting, 17,402 units, or 56.9% of the total units, were present either in person or by proxy. As a result, a quorum was present to conduct business at the Annual Meeting.

There were four nominees for the three governor positions: Leslie Bergquist, Kenton Johnson, Bruce LaVigne, and Michael Lund. The votes were as follows:





      Name         Votes For   Votes Withheld/Abstaining
Leslie Bergquist     8,758               5,225
 Kenton Johnson      8,673               5,126
 Bruce LaVigne      10,363                184
  Michael Lund       4,212               5,137

As a result, Nominees Bergquist, Johnson, and LaVigne were elected by a plurality vote of the members to serve a three-year term expiring at the 2023 Annual Meeting or until their respective successors have been elected and qualified or their earlier death, resignation or removal.

No other matters were voted upon at the Annual Meeting.




ITEM 8.01 - OTHER EVENTS

On March 18, 2020, the Board of Directors of Heron Lake Bioenergy, LLC ("HLBE"), a Minnesota limited liability company of which the Company owns a 50.7% interest in the profits and losses, determined that it is in the best interest of HLBE to idle its ethanol production operations, commencing on or about March 30, 2020 and continuing until the completion of HLBE's regularly scheduled annual temporary shutdown of April 29, 2020. Such decision was made in light of considerations related to market risks and uncertainties due to the COVID-19 pandemic and its ramifications.

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