Oahe Electric Cooperative Inc

“For the purpose of election and qualification of directors, the area comprising oahe cooperative, inc.'s territory was divided into two zones from which three directors are to be elected, thereby increasing the number of directors to six. The change in number of directors will take effect with the september 13, 2025 annual meeting.”

“All customers are members of the cooperative. All members have one vote.”

“Members vote at the annual meeting to elect directors (governing body).”

“Bylaw changes must be approved by members.”

“The cooperative has no committees with authority to act on behalf of the governing body.”

“Form 990 will be reviewed by the ceo and cfo. After their review, it will be delivered to each board member via email or paper copy. Board members will be given sufficient time to review the 990. The ceo or cfo will present the 990 at a board meeting if any board member so requests. This process will take place prior to the filing of the form 990.”

“The conflict of interest policy covers the board of directors, ceo, and management. Each official must annually complete and sign the conflict of interest certification and disclosure form attached to the policy. If an official discovers any information or fact that could impact another official's compliance with this policy then the official must disclose the information or fact to the president or manager immediately. If a person is determined to have a conflict of interest, the board member is given 30 days to correct the situation. If the situation is not rectified, then as allowed by law the board must sanction, qualify, and/or remove the director. If the ceo or another member of management has a conflict of interest, they must report the conflict and are subject to rules similar to those of board members.”

“The chief executive officer's compensation is reviewed and approval is given by the board of directors. In addition, comparability data is taken into consideration every few years. The directors' compensation is set via board policy. Compensation for the chief financial officer is determined by the chief executive officer. An annual survey is conducted and a salary survey is used to determine an appropriate salary range. The compensation process is completed annually.”

“The documents are made available upon public request.”

“Included in other compensation is the estimated current year increase or decrease in the actuarial value of the defined benefit plan. The current year increase or decrease does not represent current year contributions to the plan. Rather, it is an estimate of the increase or decrease in the actuarial value of the plan as calculated by the plan administrator.”

“Allocation of 2024 margins to members in 2025 2,225,308. Retirement of capital credits -527,632.”

“Allocated and other expense: the labor, pension and payroll taxes reported on lines 5-10 are included in distribution expense, administrative & general expense and customer expense. Therefore, labor, pension and payroll taxes are shown as a reduction to other expenses on line 24e.”

“The cooperative has interpreted the instructions to part ix, line 4, to mean patronage capital allocated for the year, rather than patronage capital retired. This is consistent with the by-laws of the cooperative.”