Green Plains Renewable Energy, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Green Plains Renewable Energy, Inc. on December 21, 2007, reporting events that occurred on December 20, 2007. The filing addresses changes to the company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Resignation: Hershel C. Patton II resigned from the Board of Directors to focus on real estate development projects.
- Election: Gordon F. Glade was elected to the Board of Directors to fill the vacancy left by Mr. Patton.
- Term Details: Mr. Glade will serve the remainder of the term expiring in 2010 and will join the Nominating Committee.
Management Commentary and Background
Mr. Glade brings significant industry experience, serving as President and CEO of AXIS Capital, Inc., a commercial equipment leasing company. He is also President of Central Bio-Energy LLC, an ethanol production company with three sites under development, and an investor in other ethanol companies. Additionally, he serves as Vice-President and Director of the Edgar Reynolds Foundation and as a Director of the Brunswick State Bank.
Key Facts for Investor Verification
- Confirm the effective date of Mr. Glade's board membership and committee assignments.
- Verify Mr. Glade's current roles at Central Bio-Energy LLC and potential conflicts of interest with Green Plains.
- Review the attached press release (Exhibit 99.1) for additional details on the board transition.