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

On March 18, 2020, Heron Lake BioEnergy, LLC (the "Company") held its 2020 Annual Meeting of Members (the "Annual Meeting") for the purpose of electing one governor to its board of governors. Votes were solicited in person and by proxy.

Of the Company's 77,932,107 Class A and Class B units issued, outstanding and entitled to vote at the Annual Meeting, 51,131,691 Class A and Class B units, or 65.6% 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.

With respect to the election of governors, Class A and Class B units held by members entitled to appoint one or more governors under the Company's Member Control Agreement are not entitled to vote. Therefore, of the total units present in person or by proxy at the meeting, 14,037,774 units were entitled to vote in the election of governors.

There was one nominee for the governor position, incumbent Robert Ferguson. The votes were as follows:

Name Votes For Votes Withheld/Abstaining Michael Kunerth 11,162,867 39,968,824

As a result, Mr. Kunerth was re-elected as a governor of the Company to serve a three-year term expiring at the 2023 Annual Meeting or until a successor has been elected and qualified or such governor's 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 the Company determined that it is in the best interest of the Company to idle its ethanol production operations, commencing on or about March 30, 2020 and continuing until the completion of the Company'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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