UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 17, 2021



HERON LAKE BIOENERGY, LLC
(Exact name of small business issuer as specified in its charter)

Minnesota	000-51825	41-2002393
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

91246 390th Avenue, Heron Lake, MN	56137-1375
(Address of principal executive offices)	(Zip Code)

(507) 793-0077
(Issuer’s telephone number)

~~Date~~Securities ofregistered ~~Report~~pursuant ~~(Date~~to ofSection ~~earliest event reported~~12(b): ~~December~~of ~~17,~~the ~~2020~~Act:

Title of each class:		Trading Symbol		Name of each exchange on which registered:
None		NA		NA

HERON LAKE BIOENERGY, LLC
(Exact name of small business issuer as specified in its charter)

Minnesota	000-51825		41-2002393
(State or other jurisdiction of incorporation or organization)	(Commission File Number)		(I.R.S. Employer Identification No.)

91246 390th Avenue, Heron Lake, MN		56137-1375
(Address of principal executive offices)		(Zip Code)

(507) 793-0077
(Issuer's telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

◻Indicate ~~Written~~by ~~communications~~check ~~pursuant~~mark towhether ~~Rule 425 under~~ the ~~Securities~~registrant ~~Act~~is ~~(17~~an ~~CFR~~emerging ~~230.425)~~growth ◻company ~~Soliciting~~as ~~material~~defined ~~pursuant~~in to Rule ~~14a-12~~405 ~~under~~of the ~~Exchange~~Securities Act ~~(17~~of ~~CFR~~1933 ~~240~~(§230.~~14a-12)~~405 ◻of ~~Pre-commencement~~this ~~communications~~chapter) ~~pursuant~~or to Rule ~~14d~~12b-2~~(b)~~ ~~under~~of the Securities Exchange Act ~~(17~~of ~~CFR~~1934 (§240.~~14d~~12b-2~~(b))~~ ◻of ~~Pre-commencement~~this ~~communications pursuant to Rule 13e-4(c~~chapter) ~~under the Exchange Act (17 CFR 240~~.~~13e-4(c))~~

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

~~ITEM 7~~Item 5.0102. DEPARTURE -OF ~~REGULATION~~DIRECTORS FDOR ~~DISCLOSURE~~PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

Heron Lake BioEnergy, LLC (“Heron Lake”) is party to a 2013 Management Services Agreement (the “Management Agreement”) with Granite Falls Energy, LLC (“GFE”), pursuant to which GFE provides Heron Lake with the services of a Chief Executive Officer and other managers. Steve Christensen serves as CEO and General Manager of Heron Lake and GFE pursuant to a 2014 employment agreement. Because Christensen intends to retire at or before the end of 2021, GFE executed a separation agreement (the “Separation Agreement”) with Christensen on or about February 17, 2021. The Separation Agreement provides that Christensen’s services to GFE will terminate at the earlier of December 31, 2021, or the hiring of a new General Manager and the completion of a transition period. Christensen’s services to Heron Lake will terminate at the same time his services to GFE terminate, pursuant to the terms of the Management Agreement. Christensen will be paid in full pursuant to the terms of his employment agreement through December 31, 2021, even if his services terminate earlier due to the hiring of his replacement. In any event, Christensen’s services to Heron Lake and GFE is expected to terminate no later than December 31, 2021. These descriptions of the Separation Agreement and the Management Agreement are qualified in their entirety by reference to the actual agreements, copies of which are attached hereto as exhibits and incorporated herein by reference.

On or about December 17, 2020, Heron Lake BioEnergy, LLC (the “Company”) sent a letter to its members announcing its estimate of the income tax liability of members for its tax year ended December 31, 2020ITEM 9.01 - AFinancial ~~copy~~Statements ofand ~~this letter is furnished as Exhibit 99.1 to this report.~~Exhibits

(a)None.

~~The information in Items 2~~(b)None.02 and 7.01 of this Current Report, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, regardless of any general incorporation language contained in such filing.

(c)None.

~~ITEM 9.01 - Financial Statements and~~ (d)Exhibits.


Exhibit No.		Description
10.1		Separation Agreement dated February 17, 2021
10.2		Management Services Agreement dated July 31, 2013

~~(a)None.~~

SIGNATURES

~~(b)None~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	HERON LAKE BIOENERGY, LLC

Date: February 19, 2021	/s/ Stacie Schuler
	Stacie Schuler, Chief Financial Officer

~~(c)None.~~

(d)Exhibits.

Exhibit No.Description

99.1Letter to the Members of the Company dated December 17, 2020

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	HERON LAKE BIOENERGY, LLC

Date: December 21, 2020	/s/ Stacie Schuler
	Stacie Schuler, Chief Financial Officer

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