UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure. |
On July 30, 2020, Archer-Daniels-Midland Company (ADM) held a conference call announcing its financial results for the quarter ended June 30, 2020. Notice of the call was provided to interested persons by press release dated July 8, 2020, and access was provided by webcast. The following correction clarifies the Company’s response to a question from Eric Jon Larson of Seaport Global Securities LLC during the earnings call.
Clarification: During the call, ADM provided perspectives to investors regarding certain aspects of its anticipated results for the rest of the fiscal year 2020. In response to a question during the question and answer portion of the call related to export demand from the U.S. in the fourth quarter, ADM’s Chairman and Chief Executive Officer, Juan Luciano, commented on the potential export demand from the U.S. and made comments that could have been interpreted to mean that ADM could have record overall profits in the fourth quarter of fiscal 2020. To clarify, Mr. Luciano meant that ADM could have record exports, when taking into consideration volumes and prices, in the fourth quarter of fiscal 2020, and was not offering any perspectives on ADM’s overall fourth quarter profits. As corrected, the transcript of the relevant sentence reads as follows: “So potentially, we could have record exports in Q4 when you look at the volumes, plus the attractive prices, because we’re going to have a big harvest in the U.S.”
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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: July 31, 2020 | By | /s/ D. Cameron Findlay | ||||
| D. Cameron Findlay Senior Vice President, General Counsel, and Secretary | ||||||