<SEC-DOCUMENT>0001615774-18-005292.txt : 20180614
<SEC-HEADER>0001615774-18-005292.hdr.sgml : 20180614
<ACCEPTANCE-DATETIME>20180614161258
ACCESSION NUMBER:		0001615774-18-005292
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180614
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
FILED AS OF DATE:		20180614
DATE AS OF CHANGE:		20180614

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:		18899289

	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>s110841_8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UNITED
STATES</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES
AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FORM
8-K</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CURRENT
REPORT</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Pursuant
to Section 13 or 15(d) of the</B><BR>
<B>Securities Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date
of Report (Date of earliest event reported): <B><U>June 14, 2018</U></B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#9;<B>PACIFIC
ETHANOL, INC.&#9;</B></U></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; font-variant: normal">(Exact
Name of Registrant as Specified in Charter)</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; font-variant: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Delaware</U></B></FONT></TD>
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>000-21467</U></B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>41-2170618</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State or Other Jurisdiction
    <BR>
    of Incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Commission <BR>
    File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(IRS Employer <BR>
    Identification No.)</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>400 Capitol Mall, Suite 2060</U></B></FONT></P>
                                               <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Sacramento, California</U></B></FONT></P></TD>
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>95814</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address of Principal
    Executive Offices)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp; (Zip Code)</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal; font-variant: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registrant&rsquo;s
Telephone Number, Including Area Code:&nbsp;<B><U>(916) 403-2123</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Former
Name or Former Address, if Changed Since Last Report)</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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):</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
&sect;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &sect;240.12b-2). Emerging growth company &#9744;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
5.07 Submission of Matters to a Vote of Security Holders</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
2018 Annual Meeting of Stockholders (&#8220;Annual Meeting&#8221;) of Pacific Ethanol, Inc. (the &#8220;Company&#8221;) was held
on June 14, 2018. The following proposals were approved at the Annual Meeting by the votes indicated:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Proposal
One</U>: To elect seven directors to serve on the Company&#8217;s board of directors until the next annual meeting of stockholders
and/or until their successors are duly elected and qualified. The nominees for election were William L. Jones, Neil M. Koehler,
Michael D. Kandris, Terry L. Stone, John L. Prince, Douglas L. Kieta and Larry D. Layne.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following nominees were elected by the votes indicated to serve as directors until the next annual meeting of stockholders and/or
until their successors are duly elected and qualified:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-left: 17.8pt; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 130.2pt; padding-right: 4.3pt; padding-left: 4.3pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 88pt; padding-right: 4.3pt; padding-left: 4.3pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total
                                         Votes for Director</B></FONT></P></TD>
    <TD STYLE="width: 82.45pt; padding-right: 4.3pt; padding-left: 4.3pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.25in 0 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total
                                         Votes Withheld from Director</B></FONT></P></TD>
    <TD STYLE="width: 82.45pt; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.25in 0 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total
                                         Broker</B><BR>
                                         <B>Non-Votes</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 6pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">William
    L. Jones</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 23.6pt; text-align: right; text-indent: -0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27,835,833</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 24.6pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,697,843</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 24.6pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642,947</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Neil
    M. Koehler</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28,452,748</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,080,928</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642,947</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael
    D. Kandris</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28,411,398</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,122,278</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642,947</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Terry
    L. Stone</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28,218,676</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,315,000</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642,947</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John
    L. Prince</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,507,029</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,026,647</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642,947</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Douglas
    L. Kieta</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28,066,693</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,466,983</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642,947</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Larry
    D. Layne</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,375,425</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,158,251</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 24.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642,947</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Proposal
Two</U>: To cast a non-binding advisory vote to approve the Company&#8217;s executive compensation (&#8220;say-on-pay&#8221;).</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-left: 17.8pt; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 189pt; padding-top: 12pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 88pt; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 11.5pt; text-align: right; text-indent: 5.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total
    Votes</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 6pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28,730,253</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Against</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">749,192</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Abstain</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">54,231</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broker
    Non-Votes</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642,947</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 24pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Proposal
Three:</U> To approve an amendment to the Company&#8217;s 2016 Stock Incentive Plan to increase the number of shares of common
stock authorized for issuance under the plan from 1,150,000 shares to 3,650,000 shares.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-left: 17.8pt; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 189pt; padding-top: 12pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 88pt; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total
    Votes</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 6pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,782,279</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Against</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,730,667</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Abstain</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20,730</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broker
    Non-Votes</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642,947</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Proposal
Four</U>: To ratify the appointment of RSM US LLP as the Company&#8217;s independent registered public accounting firm for the
year ending December 31, 2018.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-left: 17.8pt; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 189pt; padding-top: 12pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 88pt; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 11.5pt; text-align: right; text-indent: 5.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total
    Votes</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 6pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 11.6pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">36,752,186</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Against</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">340,697</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2.9pt; padding-right: 4.3pt; padding-left: 4.3pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Abstain</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83,740</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broker
    Non-Votes</FONT></TD>
    <TD STYLE="padding-top: 2.9pt; padding-right: 11.6pt; padding-left: 4.3pt; text-align: right; text-indent: 4.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Date:
June 14, 2018</TD>
    <TD COLSPAN="2">PACIFIC ETHANOL, INC.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 56%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/S/ CHRISTOPHER W. WRIGHT&#9;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Christopher W. Wright</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Vice President, General Counsel &amp; Secretary</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
