Election Results
ELECTION RESULTS OF THE 2008 ANNUAL MEETING OF MEMBERS
The 2008 Annual Meeting of the members of Central Iowa Energy, LLC ("CIE") was held at 6:30 p.m. on Monday, March 10, 2008 at the DMACC Sodhexo Conference Center in Newton, Iowa. On or about January 30, 2008, and subsequently on or about February 9, 2008, CIE mailed the Notice of Annual Meeting of Members and Notice Regarding the Internet Availability of Proxy Materials for the Member Meeting to all members of record as of the close of business on January 30, 2008. All members were invited to attend the meeting in person. Those members who did not plan to attend the meeting were encouraged to vote by proxy. A proxy card was included in the February 9, 2008 mailing. The meeting was held for the following purposes:
- To approve an amendment to the Company's Operating Agreement authorizing the Company's board of directors to adjust the number of directors within the range of 7 to 13 directors without a vote of the members ("Proposal No. 1");
- To approve an amendment to the Company's Operating Agreement authorizing the offices of President/CEO and Chairman of the Board to be held by one individual ("Proposal No. 2"); and
- To elect twelve (12) directors to the board of directors;
There were 1,249 membership units represented in person at the meeting, and 9,028 membership units represented by proxy. A quorum, which is equal to 25% of the outstanding membership units, was found to be present at the meeting.
Each of the proposed amendments to the Operating Agreement was approved by the members. Votes cast by the members for the approval of the two amendments to the Operating Agreement were as follows:
For Against Abstain Proposal No. 1 8668 1259 350 Proposal No. 2 8881 1016 380 The twelve Director nominees elected to serve on the Board of Directors for their respective terms, and the votes cast for each such Director nominee, were as follows:
Votes Cast James Johnston 10,042 Craig Hamilton 10,162 Don Huyser 10,057 Tom Schroeder 9,687 Denny Mauser 9,987 Jeremie Parr 10,042 William Talsma 10,067 John Van Zee 10, 137 Warren Bush 9,762 William Horan 10,042 Dean Lane 10,032 Scot Farver 10,212
Below is a copy of the agenda for the 2008 Annual Meeting of the Members held on March 10, 2008:
2008 Annual Meeting
CENTRAL IOWA ENERGY, LLC
Monday, March 10, 2008
Agenda
Registration of Members
I. Call to Order; Determination of Quorum
II. Introduction of Directors and Officers
III. Statement of Order of Business; Opening of Polls
IV. Introduction of Proposals
V. Vote on Proposals One through Three; Closing of Polls
VI. Adjournment of Formal Business
VII. Management Report
VIII. Member Remarks and Questions
IX. Report of Election Results
X. Adjournment
Central Iowa Energy, LLC
3426 East 28th St N
Newton, IA 50208
Phone: 641-791-1010
cie@iowatelecom.net
This communication shall not constitute an offer to sell, or the
solicitation of an offer to buy, these securities. This offering is
open only to residents of Iowa. An offer is made by the prospectus
only, a copy of which may be obtained from Central Iowa Energy, LLC.