Andersons to eliminate HR chief Sarah J. Zibbel's role
Her outstanding restricted stock units remain in place, while performance share units granted in 2025 and 2026 will be forfeited.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Andersons, Inc. (ANDE) notified Sarah J. Zibbel, Executive Vice President and Chief Human Resources Officer, on October 21, 2026, that her position would be eliminated as part of a restructuring of the human resources department; her employment will terminate October 31, 2026. Under the company's Change in Control & Severance policy, she will be entitled to benefits payable for a qualifying termination. She will retain her outstanding restricted stock units and be eligible for a pro-rated portion of the 2024 performance share units earned based on actual performance through the three-year performance period ending in 2026. Her 2025 and 2026 performance share units will be forfeited.
8-K Event Classification
2 items: 5.02, 9.01
2 items
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.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Notice to Sarah J. Zibbel: October 21, 2026
Employment termination: October 31, 2026
2024 PSU performance period: Three-year period ending in 2026
+1 more
4 metrics
Notice to Sarah J. Zibbel
October 21, 2026
She was notified that her position would be eliminated.
Employment termination
October 31, 2026
Sarah J. Zibbel's employment will terminate.
2024 PSU performance period
Three-year period ending in 2026
Her eligible pro-rated portion is based on actual performance.
Forfeited PSU grants
2025 and 2026 grants
Performance share units granted in these years will be forfeited.
Key Terms
Change in Control & Severance policy, restricted stock units, performance share units, pro-rated portion
4 terms
Change in Control & Severance policy financial
"benefits payable in the event of a qualifying termination under the Company's Change in Control & Severance policy"
restricted stock units financial
"retain her outstanding restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pro-rated portion financial
"eligible to receive a pro-rated portion"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will Sarah J. Zibbel leave ANDE?
Sarah J. Zibbel, Executive Vice President and Chief Human Resources Officer, will have her employment with ANDE terminate on October 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): | |||||
__________________________________________
The Andersons, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| (State of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
(419 ) 893-5050
(Registrant’s telephone number, including area code)
__________________________________________
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 | Name of each exchange on which registered: | ||||||||||||
__________________________________________
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 October 21, 2026, the Andersons, Inc. (the "Company") notified Sarah J. Zibbel, Executive Vice President, Chief Human Resources Officer, that a decision had been made to eliminate her position as part of a restructuring of the human resources department. As a result, Ms. Zibbel’s employment will terminate October 31, 2026. Ms. Zibbel will be entitled to benefits payable in the event of a qualifying termination under the Company's Change in Control & Severance policy. In addition, Ms. Zibbel will retain her outstanding restricted stock units and be eligible to receive a pro-rated portion of the performance shares units (“PSUs”) granted in 2024 that are earned based on actual performance through the three-year performance period ending in 2026. Ms. Zibbel’s PSUs granted in 2025 and 2026 will be forfeited.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
| Exhibit No. | Description | |||||||
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K | |||||||
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.
| The Andersons, Inc. | |||||||||||
| October 23, 2026 | By: | /s/ Emmanuel N. Ayuk | |||||||||
| Emmanuel N. Ayuk | |||||||||||
| Executive Vice President, General Counsel, and Corporate Secretary | |||||||||||