# EDGAR Filing Document

**Accession Number:** 0001371451
**File Stem:** 0001371451-25-000023
**Filing Date:** 2025-12
**Character Count:** 4550
**Document Hash:** 2475e30f19f0599faef9234942d0a709
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001371451-25-000023.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0001371451-25-000023

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20251217

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**FILED AS OF DATE**: 20251217

**DATE AS OF CHANGE**: 20251217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HIGHWATER ETHANOL LLC
- **CENTRAL INDEX KEY:** 0001371451
- **STANDARD INDUSTRIAL CLASSIFICATION:** INDUSTRIAL ORGANIC CHEMICALS [2860]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 204798531

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-53588
- **FILM NUMBER:** 251579120

**BUSINESS ADDRESS:**
- **STREET 1:** 24500 US HIGHWAY 14
- **CITY:** LAMBERTON
- **STATE:** MN
- **ZIP:** 56152
- **BUSINESS PHONE:** 507-752-6160

**MAIL ADDRESS:**
- **STREET 1:** 24500 US HIGHWAY 14
- **CITY:** LAMBERTON
- **STATE:** MN
- **ZIP:** 56152

?xml version='1.0' encoding='ASCII'? highwater-20251217

**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): **December 17, 2025**

---

| | | |
|:---|:---|:---|
| **HIGHWATER ETHANOL, LLC** | **HIGHWATER ETHANOL, LLC** | **HIGHWATER ETHANOL, LLC** |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
| **Minnesota** | **333-137482** | **20-4798531** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

**24500 US HWY 14, PO Box 96, Lamberton, MN, 56152**

(Address of principal executive offices)

**(507) 752-6160**

(Registrant's telephone number, including area code)

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))

Securities registered pursuant to Section 12(b) of the Act: **None**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |

---

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 ☐

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. □

------

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

On December 17, 2025, the board of governors of Highwater Ethanol, LLC (the "Board") accepted the resignation of Gerald Forsythe from his position on the Board to be effective January 2, 2026. Mr. Forsythe did not resign his position because of a disagreement with Highwater Ethanol, LLC.

On December 17, 2025, the Board appointed William Garth to fill the vacancy on the Board following the resignation of Mr. Forsythe. Mr. Garth's service on the Board will begin on January 2, 2026. Mr. Garth is expected to be named to serve on the fixed assets and risk management committees.

**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.

---

| | |
|:---|:---|
| | **HIGHWATER ETHANOL, LLC** |
| Date: December 17, 2025 | */s/ Brian Kletscher* |
| | Brian Kletscher, Chief Executive Officer |

---