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Archer-Daniels-Midland (ADM) director Lei Z. Schlitz to step down at year-end

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

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.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Board acceptance date August 6, 2026 Date the Board accepted the resignation of director Lei Z. Schlitz
Effective resignation date December 31, 2026 Date Lei Z. Schlitz’s resignation from the Board becomes effective
Principal executive offices ZIP code 60601 ZIP code for ADM’s principal executive offices in Chicago, Illinois
Corporate Governance Guidelines regulatory
"in accordance with the Company’s Corporate Governance Guidelines as a result of a voluntary"
A company’s corporate governance guidelines are a set of written rules and practices that explain how its board and executives make decisions, oversee risks, and hold themselves accountable—think of them as the organization’s playbook for fair and responsible leadership. Investors care because these guidelines shape how transparent decision-making is, reduce the chance of surprises or conflicts, and influence long‑term stability and trust, much like house rules keep a household running smoothly.
Nominating and Corporate Governance Committee regulatory
"upon the recommendation of its Nominating and Corporate Governance Committee, accepted the"
A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of the chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

What Board change did Archer-Daniels-Midland (ADM) disclose?
Archer-Daniels-Midland disclosed that director Lei Z. Schlitz has resigned from the Board. The Board accepted her resignation on August 6, 2026 and asked her to remain in her role through year-end.

When is Lei Z. Schlitz’s resignation from ADM’s Board effective?
Lei Z. Schlitz’s resignation from ADM’s Board will be effective on December 31, 2026. Until that date, she will continue to serve as a director at the Board’s request to support a smooth transition.

Why did Lei Z. Schlitz resign from Archer-Daniels-Midland’s Board?
Lei Z. Schlitz resigned from ADM’s Board due to a voluntary material change in her principal employment. The Company stated she acted under its Corporate Governance Guidelines, which address director status changes such as significant job transitions.

Which ADM Board committee was involved in this director resignation process?
ADM’s Nominating and Corporate Governance Committee recommended that the Board accept Lei Z. Schlitz’s resignation. The full Board then formally accepted the resignation and requested that she remain on the Board through December 31, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →
Archer-Daniels-Midland Co false 0000007084 0000007084 2026-08-06 2026-08-06
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 6, 2026

 

 

 

LOGO

ARCHER-DANIELS-MIDLAND COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-44   41-0129150
(State or other jurisdiction
of incorporation)		  

(Commission

File Number)

   (IRS Employer
Identification No.)

 

77 West Wacker Drive, Suite 4600  
Chicago, Illinois   60601
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (312) 634-8100

 

 

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:

 

  ☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange
on which registered

Common Stock, no par value   ADM   NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

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. ☐

 

 
 

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 6, 2026, the Board of Directors (the “Board”) of Archer-Daniels-Midland Company (the “Company”), upon the recommendation of its Nominating and Corporate Governance Committee, accepted the resignation of Lei Z. Schlitz from her position as a director of the Company, and asked her to remain on the Board through the end of the year. As such, Ms. Schlitz’s resignation will be effective on December 31, 2026. Ms. Schlitz had tendered her offer to resign from the Board in accordance with the Company’s Corporate Governance Guidelines as a result of a voluntary material change in her principal employment. Ms. Schlitz’s resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

The Board greatly appreciates Ms. Schlitz’s contributions to the Company and her dedicated service to the Board. The Company wishes her the best in her future endeavors.

 

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: August 12, 2026     By   

/s/ Regina B. Jones

      Regina B. Jones
      Senior Vice President, Chief Legal Officer, and Secretary

Source: View Original Filing on SEC EDGAR

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