Effective January 8, 2019, David Dersch, Jr. resigned from his position on the board of directors of Cardinal Ethanol, LLC (the Company). Col. Dersch had been appointed as a director by Dersch Energy, LLC pursuant to a special right of appointment in Section 5.3(c) of the Company’s Second Amended and Restated Operating Agreement dated February 1, 2006 (as amended). Col. Dersch did not resign his position because of a disagreement with the Company. Effective January 8, 2019, Dersch Energy, LLC appointed David Dersch, Sr. to fill the vacancy in its appointed director position on the Company’s board of directors. Dr. Dersch is expected to be named to the finance and risk management committees of the board of directors.
Cardinal Ethanol, LLC and its subsidiaries is engaged in producing fuel-grade ethanol, distillers grains, corn oil and carbon dioxide near Union City, Indiana and sells these products throughout the continental United States. In addition, the Company procures, transports, and sells grain commodities through grain operations. Its divisions include ethanol and trading. Its ethanol division markets and sells ethanol and its co-products primarily in the continental United States using third party marketers. Its ethanol products are marketed by Murex, LLC and distillers grains are marketed by CHS, Inc. It markets and distributes all the corn oil it produces directly to end users and third-party brokers. The Company's trading division has a grain loading facility within its single site to buy, hold and sell inventories of agricultural grains, primarily soybeans. It performs no additional processing of these grains, unlike the corn inventory the Company holds and uses in ethanol production.
CARDINAL ETHANOL, LLC 
