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FMC (NYSE: FMC) plans $114M Delaware campus sale to cut debt

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

Rhea-AI Filing Summary

FMC Corporation entered into a framework agreement to sell underutilized buildings and land at its Stine Research Center campus in Newark, Delaware to Ercor Elkton, LLC for gross cash proceeds of approximately $114 million, subject to a due diligence period and other closing conditions and adjustments.

FMC plans to negotiate a leaseback so it can continue using the facilities it actively operates, aiming to minimize disruption to research operations and maintain core research activities and scientific infrastructure on site. The adjacent Maryland property will be retained. The transaction is expected to close in the fourth quarter and the proceeds are expected to be used to pay down debt, but the agreement is preliminary and may not result in a completed transaction.

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Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Gross cash proceeds $114 million Proposed Delaware property sale to Ercor Elkton, LLC
Use of proceeds Debt paydown Proceeds from property sale expected to be used to pay down debt
Expected closing timing Fourth quarter Anticipated closing period for the Delaware property transaction
Agreement date June 18, 2026 Date FMC entered into the framework agreement
framework agreement financial
"FMC entered into a framework agreement (the "Agreement") to sell its property in Newark"
A framework agreement is a standing contract that lays out general rules, pricing ranges, and how the parties will work together when they later sign specific orders or projects — like an umbrella that covers future deals without fixing every detail up front. Investors watch these because they make future revenue more predictable, can speed up repeat business, and may signal the scale or stability of upcoming sales, reducing uncertainty about a company’s growth.
leaseback financial
"negotiate in good faith a form of lease agreement for FMC to leaseback the facilities"
A leaseback is a financial move where a company sells an asset it owns—often real estate or equipment—to raise cash, then immediately rents the same asset from the buyer so it can keep using it. Think of selling your house and signing a long-term rental agreement to stay living there; it boosts short-term cash but creates ongoing rent payments and changes the company’s balance sheet, so investors watch how the cash is used and how the new lease affects future costs and risk.
due diligence period financial
"for gross cash proceeds of approximately $114 million, subject to a due diligence period"
The due diligence period is a set window of time after a deal is announced when buyers, investors or lenders closely check financial records, contracts, operations and risks before finalizing the transaction. Like the inspection and paperwork stage before buying a house, it matters to investors because issues found during this time can change the price, the terms, or lead to walking away, directly affecting the investment’s value and risk.
forward-looking statements regulatory
"contains statements that are “forward-looking” and provide other than historical information"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"
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Understanding 8-K Material Events →
0000037785FALSE00000377852026-06-182026-06-18

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) June 18, 2026
__________________________________________________________________________
FMC CORPORATION
(Exact name of registrant as specified in its charter)
__________________________________________________________________________ 
Delaware1-237694-0479804
(State or other jurisdiction of
incorporation or organization)		(Commission File Number)(I.R.S. Employer
Identification No.)
2929 Walnut StreetPhiladelphiaPennsylvania19104
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: 215-299-6000
__________________________________________________________________________


Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, par value $0.10 per shareFMCNew York Stock Exchange

Check the appropriate box below if the Form 8-K 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
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act


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 1.01    ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On June 18, 2026, FMC Corporation ("FMC") entered into a framework agreement (the "Agreement") to sell its property in Newark, Delaware to Ercor Elkton, LLC for gross cash proceeds of approximately $114 million, subject to a due diligence period and other closing conditions and adjustments. The proposed transaction involves the sale of underutilized buildings and land on the Delaware portion of FMC's campus at the Stine Research Center. The parties intend to negotiate in good faith a form of lease agreement for FMC to leaseback the facilities we actively operate from Ercor Elkton, LLC.
The transaction is structured to minimize any disruption to our research operations and our Stine Research Center will continue to operate at the site following the transaction. Core research activities and scientific infrastructure remain fully in place, and we do not expect any impact to our research and development capabilities. We will retain ownership of the adjacent Maryland property. The transaction is expected to close in the fourth quarter, subject to a due diligence period and other closing conditions and adjustments, and the proceeds are expected to be used to pay down debt. As is customary for transactions of this kind, the parties may elect to renegotiate certain terms during the diligence period and to amend the framework agreement accordingly. The Agreement also contemplates that the form of the leaseback agreement and various other operational and economic terms are still to be agreed between the parties and are therefore at a preliminary stage. As a result, there can be no assurance that the Agreement will ultimately result in any transaction.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:
This Current Report on Form 8-K contains statements that are “forward-looking” and provide other than historical information, including statements regarding the Agreement, the ability to negotiate a leaseback agreement, any impact on FMC's research operations, and the expected timing of and proceeds from the transaction.
In some cases, FMC has identified these forward-looking statements by such words or phrases as “outlook,” “will likely result,” “is confident that,” “expect,” “expects,” “should,” “could,” “may,” “will continue to,” “believe,” “believes,” “anticipates,” “predicts,” “forecasts,” “estimates,” “projects,” “potential,” “intends” or similar expressions identifying “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”), the section captioned “Forward-Looking Information” in Part II of the 2025 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the SEC. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.
ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS
(d)     Exhibits
10.1    Real Estate Purchase and Sale Agreement Between FMC Corporation and Encor Elkton, LLC



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 thereunto duly authorized.
 
FMC CORPORATION
(Registrant)
By:/s/ ANDREW D. SANDIFER
Andrew D. Sandifer
Executive Vice President and Chief Financial Officer
Date: June 23, 2026


Source: View Original Filing on SEC EDGAR

FAQ

What transaction did FMC (FMC) announce in this 8-K filing?

FMC agreed to sell underutilized buildings and land at its Stine Research Center campus in Newark, Delaware to Ercor Elkton, LLC for approximately $114 million in gross cash proceeds, subject to due diligence and customary closing conditions.

How will FMC (FMC) use the approximately $114 million in proceeds?

FMC states that the gross cash proceeds of approximately $114 million from the proposed Delaware property sale are expected to be used to pay down debt, aligning the transaction with balance sheet-focused priorities rather than funding new operations or acquisitions.

Will FMC (FMC) continue research operations at the Stine Research Center?

FMC expects its Stine Research Center to continue operating at the site after the transaction. Core research activities and scientific infrastructure are expected to remain fully in place, with the transaction structured to minimize any disruption to research and development capabilities.

What is the planned leaseback arrangement for FMC (FMC) in this deal?

The parties intend to negotiate in good faith a lease agreement for FMC to lease back the facilities it actively operates from Ercor Elkton, LLC. Key leaseback and operational terms remain to be agreed and are described as being at a preliminary stage.

When is the FMC (FMC) property sale expected to close?

The proposed Delaware property transaction is expected to close in the fourth quarter, subject to a due diligence period and other closing conditions and adjustments. The filing cautions that there is no assurance the framework agreement will ultimately result in a completed transaction.

Does FMC (FMC) retain any property near the Stine Research Center?

Yes. FMC will retain ownership of the adjacent Maryland property near the Stine Research Center. Only the underutilized buildings and land on the Delaware portion of the campus are included in the proposed sale to Ercor Elkton, LLC.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents