<SEC-DOCUMENT>0001019687-14-002468.txt : 20140625
<SEC-HEADER>0001019687-14-002468.hdr.sgml : 20140625
<ACCEPTANCE-DATETIME>20140618161352
ACCESSION NUMBER:		0001019687-14-002468
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140618
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
FILED AS OF DATE:		20140618
DATE AS OF CHANGE:		20140618

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pacific Ethanol, Inc.
		CENTRAL INDEX KEY:			0000778164
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				412170618
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21467
		FILM NUMBER:		14928234

	BUSINESS ADDRESS:	
		STREET 1:		400 CAPITOL MALL, SUITE 2060
		CITY:			SACRAMENTO
		STATE:			CA
		ZIP:			95814
		BUSINESS PHONE:		916-403-2123

	MAIL ADDRESS:	
		STREET 1:		400 CAPITOL MALL, SUITE 2060
		CITY:			SACRAMENTO
		STATE:			CA
		ZIP:			95814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACCESSITY CORP
		DATE OF NAME CHANGE:	20030627

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRIVERSSHIELD COM CORP
		DATE OF NAME CHANGE:	20001115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST PRIORITY GROUP INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>paceth_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF</B><BR>
<B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%; text-align: left; text-indent: 0in; font-size: 10pt">Date of Report (Date of earliest event reported)</TD>
    <TD STYLE="text-align: left; text-indent: 0in; font-size: 10pt; width: 16%">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt; width: 32%; border-bottom: Black 1pt solid"><B>June 18, 2014</B></TD></TR>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">PACIFIC ETHANOL, INC.</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-weight: normal">(Exact name
of registrant as specified in its charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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    <TD STYLE="width: 32%; padding-right: 10pt; text-align: center; border-bottom: Black 1pt solid"><B>Delaware</B></TD>
    <TD STYLE="padding-right: 10pt; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-right: 10pt; text-align: center; width: 32%; border-bottom: Black 1pt solid"><B>000-21467</B></TD>
    <TD STYLE="padding-right: 10pt; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-right: 10pt; text-align: center; width: 32%; border-bottom: Black 1pt solid"><B>41-2170618</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; text-align: center; border-bottom: Black 1pt solid"><B>400 Capitol Mall, Suite 2060, Sacramento, CA</B></TD>
    <TD STYLE="text-align: left; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 30%; border-bottom: Black 1pt solid"><B>95814</B></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD>
    </TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; text-align: center"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s telephone number, including area code:</FONT></TD>
    <TD STYLE="text-align: left; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 30%; border-bottom: Black 1pt solid"><B>(916) 403-2123</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Former name or former address, if changed
since last report)</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">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 (<I>see </I>General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">o</FONT>&#9;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">o</FONT>&#9;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">o</FONT>&#9;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">o</FONT>&#9;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 5.07 Submission of Matters to a
Vote of Security Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The 2014 Annual Meeting
of Stockholders (&ldquo;Annual Meeting&rdquo;) of Pacific Ethanol, Inc. (the &ldquo;Company&rdquo;) was held on June 18, 2014.
The following nominees were elected by the votes indicated to serve as directors for a one year term, or until their successors
are elected and qualified:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; border-bottom: Black 0.5pt solid"><B>Name</B></P></TD>
    <TD STYLE="width: 23%; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Total
        Votes for Director</B></P></TD>
    <TD STYLE="width: 21%; padding-right: 4.3pt; padding-left: 4.3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Total
        Votes Withheld from Director</B></P></TD>
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Total
        Broker</B><BR>
        <B>Non-Votes</B></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 6pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">William L. Jones</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt">7,226,385</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt">333,021</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt">6,496,047</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Neil M. Koehler</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">7,173,956</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">385,450</TD>
    <TD STYLE="padding-right: 11.6pt; padding-left: 5.4pt; text-align: right; text-indent: 4.8pt">6,496,047</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Terry L. Stone</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">7,238,550</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">320,856</TD>
    <TD STYLE="padding-right: 11.6pt; padding-left: 5.4pt; text-align: right; text-indent: 4.8pt">6,496,047</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">John L. Prince</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">7,238,704</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">320,702</TD>
    <TD STYLE="padding-right: 11.6pt; padding-left: 5.4pt; text-align: right; text-indent: 4.8pt">6,496,047</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Douglas L. Kieta</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">7,239,097</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">320,309</TD>
    <TD STYLE="padding-right: 11.6pt; padding-left: 5.4pt; text-align: right; text-indent: 4.8pt">6,496,047</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Larry D. Layne</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">7,196,433</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">362,973</TD>
    <TD STYLE="padding-right: 11.6pt; padding-left: 5.4pt; text-align: right; text-indent: 4.8pt">6,496,047</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Michael D. Kandris</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">7,252,194</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">307,212</TD>
    <TD STYLE="padding-right: 11.6pt; padding-left: 5.4pt; text-align: right; text-indent: 4.8pt">6,496,047</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The following proposals
were also approved at the Annual Meeting by the votes indicated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Proposal Two</U>: To approve the 2013
compensation of the Company&rsquo;s named executive officers, as disclosed in the proxy statement pursuant to the compensation
disclosure rules of the Securities and Exchange Commission (&ldquo;say-on-pay&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; padding-top: 12pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 11.6pt; text-align: right"><B>Total Votes</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 6pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">For</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt">6,274,514</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Against</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">1,201,924</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Abstain</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">82,968</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Broker Non-Votes</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">6,496,047</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Proposal Three</U>: To approve an amendment
to the Company&rsquo;s 2006 Stock Incentive Plan to increase the number of shares of common stock authorized for issuance under
the plan from 914,286 shares to 1,715,000 shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; padding-top: 12pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt"><B>Total Votes</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 6pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">For</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt">6,096,019</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Against</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">1,393,048</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Abstain</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">70,339</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Broker Non-Votes</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">6,496,047</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal"><U>Proposal
Four</U>: To ratify the appointment of Hein &amp; Associates LLP as the Company&rsquo;s independent registered public accounting
firm for the year ending December 31, 2014.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; padding-top: 12pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 11.5pt; text-align: right; text-indent: 5.05pt"><B>Total Votes</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 6pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">For</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt">13,634,081</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Against</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">384,835</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(238,238,238)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Abstain</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">36,537</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify">Broker Non-Votes</TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt">N/A</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top">Date: June 18, 2014</TD>
    <TD COLSPAN="2">PACIFIC ETHANOL, INC.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/S/ CHRISTOPHER W. WRIGHT</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Christopher W. Wright,<BR>Vice President, General Counsel
    &amp; Secretary</TD></TR>
</TABLE>

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