UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 1, 2024, Archer-Daniels-Midland Company (the “Company”) increased the size of the Board of Directors (the “Board”) of the Company from 11 directors to 12 directors and elected David R. McAtee II as an independent director, effective immediately, to fill the vacancy created by the increase in the size of the Board. Mr. McAtee will serve until the Company’s next annual meeting of stockholders or until his successor is duly elected and qualified. Mr. McAtee was appointed to serve on each of the Nominating and Corporate Governance Committee and the Compensation and Succession Committee of the Board.
There are no arrangements or understandings between Mr. McAtee and any other persons pursuant to which Mr. McAtee was elected as a director of the Company. Mr. McAtee has not engaged in any related person transactions (as defined in Item 404(a) of Regulation S-K) with the Company. Mr. McAtee’s compensation as a director will be consistent with the compensation policies applicable to the Company’s other non-employee directors, as disclosed in the definitive proxy statement relating to the Company’s 2024 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on April 10, 2024.
| Item 7.01. | Regulation FD Disclosure. |
On November 6, 2024, the Company issued a press release announcing the election of Mr. McAtee. A copy of the press release is furnished herewith as Exhibit 99.1.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits. The following exhibits are furnished or filed, as applicable, herewith:
| 99.1 | Press Release dated November 6, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
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.
| ARCHER-DANIELS-MIDLAND COMPANY | ||||||
| Date: November 6, 2024 | By | /s/ R. B. Jones | ||||
| R. B. Jones | ||||||
| Senior Vice President, General Counsel and Corporate Secretary | ||||||
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