8-K
Archer-Daniels-Midland Co (ADM)
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): April 1, 2021
ARCHER-DANIELS-MIDLAND COMPANY
(Exact name of registrant as specified in its charter)
| Delaware | 1-44 | 41-0129150 |
|---|---|---|
| (State or other jurisdiction<br> <br>of incorporation) | (Commission<br> <br>File Number) | (IRS Employer<br> <br>Identification No.) |
| 77 West Wacker Drive, Suite 4600<br>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<br>Symbol(s) | Name of each exchange<br> <br>on which registered |
|---|---|---|
| Common Stock, no par value | ADM | New York Stock Exchange |
| 1.000% Notes due 2025 | New York Stock Exchange |
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 7.01 | Regulation FD Disclosure. |
|---|
On April 1, 2021, Archer-Daniels-Midland Company released a statement on its website regarding the resumption of ethanol production at its dry mills in Cedar Rapids, Iowa, and Columbus, Nebraska.
| Item 9.01 | Financial Statements and Exhibits. |
|---|
(d) Exhibits
| Exhibit<br> <br>No. | Description |
|---|---|
| 99.1 | Statement on Resumption of Dry Mill Ethanol Production, dated April 1, 2021 |
| 104 | Cover page Interactive Data File (embedded within the Inline XBRL document) |
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: April 1, 2021 | By | /s/ D. Cameron Findlay |
| D. Cameron Findlay<br> <br>Senior Vice President, General Counsel, and Secretary |
EX-99.1
Exhibit 99.1
| ADM Statement on Resumption of Dry Mill Ethanol Production |
|---|
| CHICAGO, April 1,<br>2021—ADM (NYSE: ADM) today released the following statement:<br> <br><br> <br>“We’ve<br>been carefully monitoring a wide variety of industry ethanol conditions, and in recent weeks, we’ve seen consistent signs pointing to accelerating demand for domestic ethanol. Inventories across the industry are steadily coming down, China is<br>importing volumes, we continue to expect driving miles to increase as the pace of vaccinations accelerates, and the EPA’s support of a strong Renewable Fuel Standard is helping drive great blending economics. Based on these multiple factors, we<br>are confident in increasing demand for ethanol, and in order to meet that demand, we are planning to restart production at our Vantage Corn Processors dry mills in Cedar Rapids, Iowa, and Columbus, Nebraska.<br><br><br><br> <br>“We plan to begin corn grind immediately, with initial ethanol deliveries for<br>customers by mid-April and ramping up to full rates by late spring, to meet the demands of the spring and summer driving season. We’re pleased to welcome back our Cedar Rapids and Columbus colleagues, and<br>we’re excited about the prospects for these facilities as ethanol demand increases and as we continue to expand the range of innovative, alternative products we make from corn.<br><br><br><br> <br>“In addition, with the restart of our dry mills, we will continue with the<br>discussions with the interested parties regarding these assets.”<br> <br><br> <br>AboutADM<br> <br><br> <br>At ADM, we unlock the power of nature to provide access to nutrition<br>worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow.<br>We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs<br>for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.<br><br><br><br> <br>ADM Media Relations<br><br><br><br> <br>Jackie Anderson<br><br><br>media@adm.com<br> <br>312-634-8484<br> <br><br> <br>CorporateRelease |
