Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 15, 2022, Homeland Energy Solutions, LLC (the "Company") held an annual meeting of the members of the Company (the “Annual Meeting”). Pursuant to the proxy statement filed by the Company, the following five proposals were presented at the Annual Meeting for a vote by the members: (1) Amend and restate the Amended and Restated Operating Agreement of the Company; (2) reclassification of the Company’s units into Class A, Class B, Class C, and Class D Units for the purpose of suspending the Company’s reporting obligations under the Securities Exchange Act of 1934; (3) Amend and restate the Existing Operating Agreement to allow the Board to make certain outside investments; (4) to adjourn or postpone the meeting, if necessary or appropriate, for the purpose, among others, of soliciting additional proxies if there are not sufficient votes at the time of the Annual Meeting to approve the matters under consideration; and (5) Elect three directors to the Board. Due to the passage of Proposals 1, 2, and 3 the outcome of voting of Proposal 4 was irrelevant.
Of the 64,560 Homeland Energy Solutions, LLC units that were outstanding as of May 6, 2022 record date, 32,134 units were represented in person or by proxy at the Annual Meeting. The result of the voting on each proposal was as follows:
Proposal One (1): Approve the Second Amended and Restated Operating Agreement
To amend the Amended and Restated Operating Agreement, as amended, by adopting the Second Amended and Restated Operating Agreement, which provides for four separate and distinct classes of units: Class A, Class B, Class C and Class D Units.
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| For | | Against | | Abstentions | | Broker Non Votes |
| 24,687 | | | 6,639 | | | 808 | | 0 |
Proposal Two (2): Reclassification of the Company’s Units
To reclassify our Units for the purpose of discontinuing the registration of our units under the Securities Exchange Act of 1934, as follows: Units held by holders of 60 or more of our Units will remain in the existing class of Units (renamed as Class A Units); Units held by holders of at least 26 Units but less than 60 Units into Class B Units; Units held by holders of 25 Units into Class C Units; and Units held by holders of less than 25 Units into Class D Units. If Proposal one (1) is not approved, the Board will not implement Proposal two (2), even if it is approved by the Members.
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| For | | Against | | Abstentions | | Broker Non Votes |
| 24,401 | | | 6,965 | | | 793 | | 0 |
Proposal Three (3): To amend and restate the Amended and Restated Operating Agreement to allow for certain outside investments.
To amend the Amended and Restated Operating Agreement, to allow the Company to make outside investments in companies in which a member of the Board has an interest. This Proposal is not conditioned on the approval of any other proposal at the Annual Meeting and the Board of Directors can implement this even if Proposal one (1) or two (2) are not approved.
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| For | | Against | | Abstentions | | Broker Non Votes |
| 22,018 | | | 8,874 | | | 1,192 | | | 0 |
Proposal Four (4): Adjournment or Postponement
| | | | | | | | | | | | | | | | | | | | |
| For | | Against | | Abstentions | | Broker Non Votes |
| 24,093 | | | 6,638 | | | 1,218 | | | 0 |
To adjourn or postpone the Member Meeting, if necessary or appropriate, for the purpose of soliciting additional proxies if there are not sufficient votes at the time of the Member Meeting to approve the matters under consideration. This proposal is not conditioned on any other proposal at the Annual Meeting.
Proposal Five (5): Election of Three Directors
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| Nominee Directors | | For | | Withhold |
| Nick Bowdish, Incumbent | | 18,635 | | | 1,238 | |
| Patrick Boyle, Incumbent | | 17,583 | | | 3,379 | |
| Jared Calease | | 6,769 | | | 3,630 | |
| Chad Kuhlers, Incumbent | | 20,875 | | | 859 |
| Steve Markham | | 6,133 | | | 1,163 | |