Class B Shares Vote

The Lakewinds board of directors has made a motion to amend our articles of incorporation to increase the allowed amount of Class B shares from 1,100,000 to 5,000,000. The vote, which was announced in early December 2025 and held in January 2026, is complete, and the motion has passed.

Thanks to all of the owners who voted and participated in the co-op’s democratic structure in this way! We appreciate you taking the time to vote!

What are B shares?

Lakewinds Class B shares are a type of ownership interest in the cooperative that are issued to member-owners based on how much they purchase from the cooperative.  Cooperative members “earn” shares through participation — that is, by purchasing groceries and goods. These Class B shares represent the equity portion of the patronage dividend that is retained by Lakewinds. These retained dollars are reinvested back into the co-op to ensure the future financial success of Lakewinds.

Why is this vote taking place now?

The last time this kind of vote was held was in 2013. Since then, thanks to our sales growth and number of new owners, our financial situation has outgrown the limits set in the articles of incorporation as they currently stand. A “yes” vote to increase Class B shares will allow the co-op to grow, invest in stores, and have a strong foundation for the future.

Read the amended bylaws and articles of incorporation.