Highwater Ethanol, LLC filed a Form 8-K on September 23, 2026, announcing amendments to its executive bonus plan for the fiscal year ending October 31, 2026. The amendments, approved by the Board of Directors, modify the eligibility criteria for the Chief Executive Officer and Chief Financial Officer.
The updated plan establishes new bonus targets tied to specific company performance goals. Eligibility for the maximum bonus is contingent upon the Company meeting a net income threshold of more than $10,000,000 and receiving incentives under the U.S. federal clean fuel production incentives tax credits, specifically Section 45Z of the Internal Revenue Code.
Under the amended terms, the Chief Executive Officer is eligible to receive an annual bonus of up to 59% of their base salary. The Chief Financial Officer is eligible for a bonus of up to 56% of their base salary. All other material terms and conditions of the 2026 Bonus Plan remain in effect. The performance goals will be assessed as of the close of the fiscal year on October 31, 2026.
