Sturgis Valley Cider Co LLC — Annual Meeting of the Board of Managers
1. Attendance & quorum
Present:
- Robert Nguyen — Manager (recording)
- Steven Kohl — Chief Financial Officer of the parent, Wrenfield Holdings LLC
- Margaret Ashfield — Cidery General Manager
Also present: None required.
Quorum confirmed — the Board of Managers was duly constituted for the annual meeting.
2. Call to order
The annual meeting was called to order at 2:00 p.m. MT. Robert Nguyen, Manager, recorded the minutes.
3. Approval of prior minutes
The minutes of the prior annual meeting of the Board of Managers were reviewed and approved without amendment.
4. Business items
1. Operating results for the year
Margaret Ashfield, General Manager, presented operating results for the tax year. The company's ordinary business income for the tax year was $1,240,000. This figure ties to the company's K-1 Box 1 ordinary business income of $1,240,000 and is reported through to the sole member on the parent return.
RESOLVED: that the operating results as presented, reflecting ordinary business income of $1,240,000 for the tax year, be received and entered into the record.
2. Distribution to the sole member
The Board considered a distribution of available cash to the sole member, Wrenfield Holdings LLC. Any wire or banking coordinates for the distribution render as [REDACTED — SPECIMEN]; the distribution is drawn from the company's operating account ••••2240 at Tri-Valley Community Bank.
RESOLVED: that a distribution be made to the sole member, Wrenfield Holdings LLC, from the company's operating account ••••2240; and that the Manager and the CFO of the parent be authorized to effect the transfer, with all wire and banking coordinates handled as [REDACTED — SPECIMEN].
3. Confirmation of tax status
The Board confirmed that Sturgis Valley Cider Co LLC remains a disregarded / pass-through entity, wholly owned by Wrenfield Holdings LLC as sole member, and is reported on the parent return by the office's tax preparer, Barrow Kessler & Co. No change to the company's tax classification was proposed or made.
RESOLVED: that the company's status as a disregarded / pass-through entity reported on the parent return via Barrow Kessler & Co. be confirmed and continued.
5. Reports received
- Operating results — received (Item 1); ordinary business income $1,240,000.
- Sole-member distribution — authorized (Item 2); operating account ••••2240, coordinates [REDACTED — SPECIMEN].
- Tax status — confirmed (Item 3); disregarded / pass-through, reported on the parent return via Barrow Kessler & Co.
6. Actions & owners
| Action | Owner | Due |
|---|---|---|
| Effect the authorized distribution to Wrenfield Holdings LLC from account ••••2240 | Robert Nguyen (Manager) / Steven Kohl (CFO) | 2026-06-30 |
| Deliver operating figures ($1,240,000 ordinary business income) to Barrow Kessler & Co. for the parent return | Robert Nguyen (Manager) | Per CPA package schedule |
| Confirm continuation of pass-through classification on next filing | Steven Kohl (CFO) | Next filing cycle |
7. Adjournment
There being no further business, the meeting was adjourned at 3:10 p.m. MT.
Figures reconciled to office spine as of 2026-07-21.