Pioneer Electric Cooperative Inc

“All trustees, officers, and key employees have a business relationship with other trustees, officers and key employees due to their position either as a director, officer or key employee for southern pioneer company, a related organization.”

“At the 2024 annual meeting, the following bylaws were voted on and approved by the members: (1) updating members voting options - allowing for electronic voting in addition to in person and mail-in ballots. (2) removal of the nominating committee - any person, incumbent, or potential nominee interested in running for a board of trustees seat would need to acquire 25 signatures of members. (3) board seat vacancies - to provide clarity for the process of filling a board vacancy. The remaining member of the board may appoint and vote for by affirmative vote a qualified candidate to fill the vacancy.”

“Pioneer electric cooperative, inc. Is a member owned cooperative. At the annual meeting held in september 2024, members voted in favor of updating the process to be nominated. The change to the approved bylaws eliminates the nominating committee. To be nominated, a qualified member can petition to on the ballot for the district in which they reside. The member owners cast their ballots to elect the board of trustees for a three-year term at the annual membership meeting.”

“Pioneer electric cooperative, inc. Is a member owned cooperative. At the annual meeting held in september 2024, members voted in favor of updating the process to be nominated. The change to the approved bylaws eliminates the nominating committee. To be nominated, a qualified member can petition to on the ballot for the district in which they reside. The member owners cast their ballots to elect the board of trustees for a three-year term at the annual membership meeting. If there is a vacancy during a board members term, the remaining board will elect a replacement trustee from the vacant district. This trustee will hold the position until the next annual meeting, in which the trustee will be nominated for election to serve the remainder of the term.”

“The following decisions must be approved by the members: 1) changes to the bylaws 2) sale of a significant portion of assets and/or liquidation 3) changes to the articles of incorporation”

“The form 990 is provided to the board of trustees and staff for any discussion or comment prior to the filing of the form 990.”

“Pioneer electric cooperative requests that each trustee, officer, and key employee complete a form 990 questionnaire annually. As part of this questionnaire review, conflicts of interest can be identified. If a conflict arises concerning an employee, the conflict is reported to the ceo. If pioneer electric cooperative requests that each trustee, officer, and key employee complete a form 990 questionnaire annually. As part of this questionnaire review, conflicts of interest can be identified. If a conflict arises concerning an employee, the conflict is reported to the ceo. If a conflict arises concerning the ceo, the conflict is reported to the board president. When there is a conflict, the person is excused from the meeting. If there is a bigger violation, the individual may be removed from their respective position. Conflicts of interest are reported to the board president or general counsel.”

“The board of trustees, in its entirety, approves the ceo (officer), executive vp-assistant ceo (key employee), and executive vp / general counsel's (key employee) salary. The nreca compensation survey is used to provide comparable data. The board discusses the salaries, as proposed, without the employees present. The board's approval of the employee's compensation is recorded in the minutes of the meeting. The wages of all other employees, including the cfo, is based upon a review of the nreca compensation survey with approval by the ceo. The board of trustees approves the overall wage increase.”

“The governing documents and financial statements of pioneer electric cooperative, inc. Are available upon request at the company headquarters at 1850 west oklahoma, ulysses, kansas, 67880, during normal business hours.”

“Capital credit retirement -5,669,252. Refunds to estates -42,850. Oci - change in defined pension plan 1,025,180. Discounts on estate capital credits 3,484. Unclaimed patronage 1,093,690. Amount of benefits paid to members per 990 instructions, interpreted to equal net margins as that is the equivalent of the benefits members receive in the current year 5,385,828.”