Archer Daniels Midland 8-K

Summary

Resolution of SEC and DOJ investigations into ADM’s prior reporting of intersegment sales. ADM settled with the SEC without admitting or denying wrongdoing, and the DOJ closed its investigation with no further action, ending both investigations. The historical reporting corrections affected segment-level reporting but not consolidated balance sheets, earnings or cash flows; ADM says the settlement is not expected to materially adversely affect results of operations or financial position.

Key Figures

• SEC civil penalty: $40M; ADM also agreed to cease and desist from the specified securities-law violations.
• ADM said it corrected certain prior-period errors in 3/2024 and restated its 2023 Form 10-K and Q1 and Q2 2024 Forms 10-Q in 11/2024 to address historical segment-reporting errors.