Item 5.07 Submission of Matters to a Vote of Security Holders.

Results of 2020 Annual Members' Meeting

On June 24, 2020, Red Trail Energy, L.L.C. ("Red Trail") held its electronic 2020 annual members' meeting (the "Annual Meeting") to vote on the election of two governors and to conduct an advisory vote on executive compensation called "Say-on-Pay". The voting results from the meeting were as follows:

Proposal One: Election of Governors

Ronald Aberle and Ambrose Hoff were elected by a plurality vote of the members
to serve terms which will expire in 2023. The votes for the nominee governors
were as follows:
Governor Nominees    For       Against/Abstain
Ronald Aberle     18,752,289          -
Ambrose Hoff      16,151,373          -
Tony Aman         8,364,466           -

Proposal Two: Advisory Approval of Executive Compensation

The compensation of Red Trail's executives was endorsed by the members. The votes were as follows:


   For        Against    Abstentions
17,831,724   3,095,568    2,935,073

© Edgar Online, source Glimpses