ST.
PAUL, Minn., Dec. 11,
2023 /PRNewswire/ -- CHS owners elected seven board
members to three-year terms during the cooperative's 2023 annual
meeting held Dec. 7-8 in Minneapolis.
Reelected to the CHS Board of Directors were:
- Scott Cordes, who raises corn and soybeans with his family
near Wanamingo, Minn.,
representing Region 1 (Minnesota)
- Cortney Wagner, a
first-generation cattle and hay producer based near Hardin, Mont., representing Region 2
(Montana and Wyoming)
- Jon Erickson, who raises small grains and oilseeds and has
a cow-calf operation with his family near Minot, N.D., representing Region 3
(North Dakota)
- Tracy Jones, who raises corn,
soybeans, wheat and cattle with his family near Kirkland, Ill., representing Region 5
(Connecticut, Delaware, Illinois, Indiana, Kentucky, Ohio, Maine,
Maryland, Massachusetts, Michigan, New
Hampshire, New Jersey,
New York, Pennsylvania, Rhode
Island, Vermont,
Virginia, West Virginia and Wisconsin)
- Dan Schurr, who raises corn and soybeans with his family
near LeClaire, Iowa, representing
Region 7 (Iowa, Missouri, Arkansas, Louisiana, Mississippi, Alabama, Florida, Georgia, North
Carolina, South Carolina,
Tennessee)
- C.J. Blew, who farms and ranches in a family partnership in
south-central Kansas, representing
Region 8 (Nebraska, Kansas, Colorado, New
Mexico, Oklahoma,
Texas)
Newly elected CHS Board member
Anthony Rossman was elected to
the CHS Board to represent CHS members in Region 1 (Minnesota), succeeding Perry Meyer, who retired from the Board at the
conclusion of the annual meeting. Rossman operates a diversified
crop and livestock operation near Rochester, Minn., and manages genetic
alliances in the beef industry.
CHS Board officer elections
The following CHS Board members were elected to one-year officer
terms:
- Dan Schurr, LeClaire, Iowa, reelected chair
- C.J. Blew, Castleton, Kan.,
elected first vice chair
- Scott Cordes, Wanamingo,
Minn., elected second vice chair
- Russell Kehl, Quincy,
Wash., reelected secretary treasurer
- Al Holm, reelected assistant secretary-treasurer
Bylaws amendments
At the Annual Meeting, CHS members also approved two amendments
to the organization's bylaws. The first amendment decreases the
number of representative directors in Region 1 from four to three
directors and increases the number of representative directors in
Region 7 from one to two directors. The second amendment modifies
how dividends are treated when calculating the net income or net
loss of an allocation unit from patronage business and provides the
Board with increased authority to add an additional amount of
patronage income, not to exceed 35%, to the capital reserve.
About CHS Inc.
CHS Inc. (www.chsinc.com) creates connections to empower
agriculture. As a leading global agribusiness and the largest
farmer-owned cooperative in the United
States, CHS serves customers in 65 countries and employs
nearly 10,000 people worldwide. We provide critical crop inputs,
market access and risk management services that help farmers feed
the world. Our diversified agronomy, grains, foods and energy
businesses recorded revenues of $45.6
billion in fiscal year 2023. We advance sustainability
through our commitment to being stewards of the environment,
building economic viability and strengthening community and
employee well-being.
This document and other CHS Inc. publicly available documents
contain, and CHS officers and representatives may from time to time
make, "forward-looking statements" within the meaning of the safe
harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements can be identified by words
such as "anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "will" and similar references to future periods.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
CHS current beliefs, expectations and assumptions regarding the
future of its businesses, financial condition and results of
operations, future plans and strategies, projections, anticipated
events and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of CHS
control. CHS actual results and financial condition may differ
materially from those indicated in the forward-looking statements.
Therefore, you should not place undue reliance on any of these
forward-looking statements. Important factors that could cause CHS
actual results and financial condition to differ materially from
those indicated in the forward-looking statements are discussed or
identified in CHS filings made with the U.S. Securities and
Exchange Commission, including in the "Risk Factors" discussion in
Item 1A of CHS Annual Report on Form 10-K for the fiscal year ended
August 31, 2023. These factors may
include: changes in commodity prices; the impact of government
policies, mandates, regulations and trade agreements; global and
regional political, economic, legal and other risks of doing
business globally; the ongoing war between Russia and Ukraine; the escalation of conflict in the
Middle East; the impact of
inflation; the impact of epidemics, pandemics, outbreaks of disease
and other adverse public health developments, including COVID-19;
the impact of market acceptance of alternatives to refined
petroleum products; consolidation among our suppliers and
customers; nonperformance by contractual counterparties; changes in
federal income tax laws or our tax status; the impact of compliance
or noncompliance with applicable laws and regulations; the impact
of any governmental investigations; the impact of environmental
liabilities and litigation; actual or perceived quality, safety or
health risks associated with our products; the impact of
seasonality; the effectiveness of our risk management strategies;
business interruptions, casualty losses and supply chain issues;
the impact of workforce factors; our funding needs and financing
sources; financial institutions' and other capital sources'
policies concerning energy-related businesses; technological
improvements that decrease the demand for our agronomy and energy
products; our ability to complete, integrate and benefit from
acquisitions, strategic alliances, joint ventures, divestitures and
other nonordinary course-of-business events; security breaches or
other disruptions to our information technology systems or assets;
the impact of our environmental, social and governance practices,
including failures or delays in achieving our strategies or
expectations related to climate change or other environmental
matters; the impairment of long-lived assets; the impact of bank
failures; and other factors affecting our businesses generally. Any
forward-looking statements made by CHS in this document are based
only on information currently available to CHS and speak only as of
the date on which the statement is made. CHS undertakes no
obligation to update any forward-looking statement, whether written
or oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise except as
required by applicable law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/chs-owners-elect-seven-board-members-pass-bylaws-amendments-302011877.html
SOURCE CHS Inc.