GROWMARK Holds First Virtual Annual Meeting in History
GROWMARK CEO Jim Spradlin (far right) answers shareholder questions in a virtual format with vice presidents of key divisions.
For the first time in its history, GROWMARK, Inc. held its annual meeting in a virtual online event today. Hundreds of people from across North America, including shareholders, boards of directors, and friends of the GROWMARK System all participated in the interactive live broadcast.
Normally the GROWMARK Annual Meeting happens every August at the Hilton Chicago, but in an effort to keep everyone safe and comply with Illinois mitigation measures, the decision was made to hold it virtually after the fiscal year closed on August 31.
“With mitigation measures evolving every week in Illinois, we had to continually adapt to keep our team members safe while also delivering an informative and interactive meeting for GROWMARK System stakeholders,” said Cliff Dolbeare, manager of corporate programming. “The feedback we have received has been overwhelmingly positive and allowed a broader audience to participate that may not have been able to travel to Chicago in past years.”
Holding the meeting in December allowed for audited financial results to be presented in full, and also bring an update after the acquisition of certain Southern States Cooperative agronomy and energy assets.
“We grow not just to get bigger but to get better,” said GROWMARK Chairman of the Board and President John Reifsteck. “The recent partnership with Southern States is an opportunity for us to do both. GROWMARK pursues expansion opportunities if they allow us to serve more farmers and benefit the current farmer-owners of the GROWMARK System. We are especially open to partnerships with farmers who value the cooperative business model. That’s why the Southern States agreement is such a good fit. I’m very excited about this partnership and want to welcome Southern States and 46 local cooperatives to the System.”
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