LAKE AREA CORN PROCESSORS LLC : Submission of Matters to a Vote of Security Holders (form 8-K)

Item 5.07 Submission of Matters to a Vote of Security Holders

Results of 2023 Annual Members' Meeting

On April 18, 2023, Lake Area Corn Processors, LLC ("LACP") held its 2023 annual members' meeting to vote on the election of three managers, executive compensation called Say-On-Pay, and the frequency of Say-On-Pay.

Proposal One: Election of Managers

Wayne Backus, Todd Brown and Marty Thompson were elected by a plurality vote of the members to serve terms which will expire in 2026. The votes for the nominee managers were as follows:

Nominee Managers          For       Withhold/Abstain
Wayne Backus              160              3
Todd Brown                164              4
Marty Thompson            160              5

Proposal Two: Advisory Approval of Executive Compensation

  The compensation of the Company's executives was approved by the members. The
votes were as follows:

                             For       Against       Abstentions
                             153          7               11

Proposal Three: Advisory Approval of the Frequency of Say-On-Pay

The members voted to hold votes on the compensation of the Company's executives every three years. The Company will include an advisory vote on the compensation of executives every three years until the next advisory vote on frequency is held. The votes were as follows:

Every Year Every Two Years Every Three Years Abstain

      11                 12                    131                 15

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