Archer-Daniels-Midland Co SEC Filings

Archer-Daniels-Midland Company reported a planned Board change. On August 6, 2026, the Board accepted the resignation of director Lei Z. Schlitz, following a voluntary material change in her principal employment, in line with the Company’s Corporate Governance Guidelines. At the Board’s request, she will continue serving as a director until December 31, 2026, when her resignation becomes effective. The Company stated that her resignation does not arise from any disagreement regarding operations, policies, or practices.

Archer-Daniels-Midland Company issued new senior notes under its existing shelf registration. The company completed an offering of $500,000,000 aggregate principal amount of 4.829% Notes due 2031 and $500,000,000 aggregate principal amount of 5.269% Notes due 2036. These two tranches, together referred to as the Notes, were issued on August 10, 2026 in connection with a Registration Statement on Form S-3, with related underwriting, note forms, and legal opinions filed as exhibits.

Archer-Daniels-Midland Company is issuing a total of $1,000,000,000 in senior unsecured notes, consisting of $500,000,000 4.829% notes due September 1, 2031 and $500,000,000 5.269% notes due September 1, 2036. The notes are priced at 99.996% of principal, with underwriting discounts of 0.350% for the 2031 notes and 0.450% for the 2036 notes, generating expected net proceeds of approximately $993 million before expenses.

The notes rank equally with ADM’s other senior unsecured debt and are effectively subordinated to liabilities of subsidiaries. ADM may redeem the notes early, including via a make-whole call before specified par call dates and at par thereafter. If a Change of Control Triggering Event occurs, holders can require ADM to repurchase notes at 101% of principal plus accrued interest.

Interest is payable semi-annually on March 1 and September 1, beginning March 1, 2027, in minimum denominations of $2,000. ADM expects to use the proceeds for general corporate purposes, which may include repaying all or part of its $1 billion 2026 notes maturing August 11, 2026 and up to $30 million of commercial paper. The offering includes standard investment, liquidity, leverage and rating-related risks typical for unsecured corporate notes.

Archer-Daniels-Midland Co reported that Executive Vice President & CFO Monish D. Patolawala had 6,720 shares of common stock withheld by the company on August 3, 2026 to satisfy withholding tax obligations upon vesting of a portion of restricted stock unit awards granted when he joined on August 1, 2024. After this tax-withholding disposition, he directly owns 218,253 shares of ADM common stock.

Archer-Daniels-Midland Company is offering two series of senior unsecured notes under its shelf registration, with interest payable semi-annually and maturities on specified future dates. The notes rank equally with ADM’s other senior unsecured debt, are not secured by assets, and are effectively subordinated to liabilities of subsidiaries.

Holders benefit from an optional redemption feature, including make-whole redemptions before specified par call dates and 100% redemption thereafter, and from a Change of Control Triggering Event put right at 101% of principal plus accrued interest. Net proceeds are expected to be used for general corporate purposes, which may include repaying part or all of ADM’s $1 billion 2026 notes and outstanding commercial paper. As of June 30, 2026 ADM had $7.6 billion of long-term debt and $30 million of commercial paper. The notes will be issued in minimum denominations of $2,000 and will clear through DTC, Clearstream and Euroclear.

Archer-Daniels-Midland Company filed an automatic shelf registration statement allowing it to offer, from time to time after effectiveness, various securities including debt securities, warrants, preferred stock, common stock, stock purchase contracts and stock purchase units. Specific terms, amounts and prices for each issuance will be set in accompanying prospectus supplements, which will also describe the applicable plan of distribution.

Net proceeds from future offerings, unless specified otherwise in a supplement, will be added to ADM’s general funds for general corporate purposes, potentially including working capital, investments, or debt repayment. As of July 30, 2026, 481,959,583 shares of common stock were outstanding, out of 1,000,000,000 authorized common shares; this is a baseline figure, not an amount being offered.

Archer-Daniels-Midland Company generated revenues of $22,681 million for the quarter ended June 30, 2026, versus $21,166 million a year earlier. Net earnings attributable to the company were $908 million, with diluted EPS of $1.87 compared with $0.45. Segment operating profit totaled $1,450 million, led by Ag Services and Oilseeds at $867 million, Carbohydrate Solutions at $411 million, and Nutrition at $172 million; earnings before income taxes were $1,088 million versus $279 million.

For the first six months of 2026, revenues were $43,171 million and net earnings attributable to the company were $1,206 million, or $2.49 per diluted share, compared with $41,341 million and $514 million, or $1.06 per share, in 2025. Net cash provided by operating activities was $1,299 million, with capital expenditures of $466 million. Cash, cash equivalents, restricted cash, and restricted cash equivalents were $5,457 million and total assets were $53,527 million at June 30, 2026. The effective tax rate was 16.2% for the quarter and 17.5% year-to-date, lower than in 2025, primarily reflecting non-taxable benefits from Section 45Z clean fuel production credits. The company paid dividends of $0.52 per share in the quarter and had 115 million shares remaining under its repurchase authorization through 2029.

Archer-Daniels-Midland reported strong results for the quarter ended June 30, 2026. Net earnings attributable to ADM were $908 million, and GAAP diluted EPS was $1.87, up $1.42 from the prior-year quarter. Adjusted EPS was $1.84. Total segment operating profit reached $1.5 billion, a 75% increase year-over-year, while revenues rose to $22.7 billion.

All three segments contributed to growth. Ag Services & Oilseeds operating profit was $867 million, up 129%, driven by margin expansion in Ag Services and Crushing supported by favorable biofuels economics, finalized renewable volume obligations and elevated energy prices. Carbohydrate Solutions profit increased 22% to $411 million on robust ethanol margins and policy incentives. Nutrition profit rose 51% to $172 million, led by Flavors and improved Animal Nutrition performance.

Year-to-date, earnings before income taxes were $1.47 billion versus $632 million a year ago, and adjusted EPS was $2.56. On this momentum, ADM raised its 2026 adjusted EPS outlook to $5.15–$5.60 from $4.15–$4.70 and reaffirmed projected 2026 capital expenditures of $1.3–$1.5 billion.

Archer-Daniels-Midland Company has appointed Jeff Rowe to the newly created role of Executive Vice President and Chief Operating Officer, effective August 17, 2026. In this position, he will oversee ADM’s commercial businesses, global manufacturing and R&D, reporting to Chair and Chief Executive Officer Juan Luciano.

Rowe is currently CEO of Syngenta Group and will step down from that role effective August 1, 2026, after more than 30 years in agriculture-industry leadership roles at Syngenta and DuPont Pioneer. ADM states there are no arrangements, family relationships or related-party transactions requiring disclosure. His compensation terms are set out in a written offer letter filed as Exhibit 10.1, and the company has furnished a press release announcing his appointment as Exhibit 99.1.