FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Date of Report (Date of earliest event reported) May 14, 1997.
HIGH PLAINS CORPORATION
(Exact name of registrant as specified in its charter)
Kansas #1-8680
(State or other jurisdiction of (Commission File
incorporation)
Number)
200 W. Douglas #48-0901658
Suite #820 (IRS Employer
Wichita, Kansas 67202 Identification No.)
(Address of prinicipal
exeuctive offices)
(316) 269-4310
(Registrant's telephone number)
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Item 5 Other Information
Wichita, Kansas, May 14, 1997 -- High Plains Corporation (NASDAQ: HIPC) today
announced an expansion of its Board of Directors from six to nine members.
Three new directors have been appointed to fill two of the new positions, and
the position left vacant by the recent retirement of former President and
Board Chairman Stanley E. Larson.
Raymond G. Friend, the 44 year old newly elected President of the Company,
has been named to one of the new director positions.
Another new director is Arthur Greenberg, age 62, a commercial and
residential land developer from Grand Forks, North Dakota. Mr Greenberg has
extensive experience in the transportation industry, having previously owned
and operated an ICC regulated transportation company and a truck brokerage
company. In the farming industry, he was formerly president of World Seeds,
Inc., a group of farmers and agronomists committed to the development of
varieties of disease resistant wheat seed.
The third new director is Ronald D. Offutt, age 54, of Fargo, North Dakota.
Mr. Offutt is the founder and Chief Executive Officer of RDO Equipment
Company (NYSE: RDO), a public company which operates the largest network of
John Deere industrial and Agricultural dealerships in the United States.
According to a current Forbes profile, revenues from his companies are
expected to "swell to $700 million this year".
Dan Skolness, Chairman of the Board of Directors, said, "We are excited to
bring this additional expertise and diversity to the Board of Directors of
High Plains Corporation. We are confident they will help us guide the
Company to maximize shareholder value, and to take advantage of new
opportunities for growth as they may arise. The Board is also considering
several other well qualified candidates to fill the remaining Board position,
and expects to announce an appointment for this final vacancy soon."
Based in Wichita, Kansas, High Plains Corporation is the only publicly traded
company whose sole business is Ethanol. It is one of the largest producers
of Ethanol with 60 million gallons per year of current capacity. Clean
burning Ethanol reduces pollutants in automotive gasoline and increases
octane levels for better engine performance without increasing gas pump
prices.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant had duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date May 14, 1997 HIGH PLAINS CORPORATION
Raymond G. Friend
President
