ADM Reaches Settlement with SEC and DOJ Regarding Intersegment Sales Reporting

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Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) to resolve investigations related to prior reporting regarding intersegment sales. Under the terms of the settlement with the SEC, ADM agreed to pay a civil penalty of $40 million and to cease and desist from committing or causing any violations of specified securities laws. The settlement amount is not expected to have a material adverse effect on ADM's results of operations or financial position. Additionally, the DOJ has closed its investigation with no further action. These outcomes end the investigations of ADM by the SEC and DOJ.

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About Archer-Daniels-Midland Co.

Archer-Daniels-Midland Co. is a global food processing and commodities trading corporation. Its primary function is to procure, transport, store, process, and merchandize a wide variety of agricultural products. Notably involved in the production of oilseeds, corn, wheat, and cocoa, the company plays a critical role in creating essentials like food and animal feed ingredients, renewable fuels, and other industrial products. Archer-Daniels-Midland impacts sectors such as agriculture, energy, and nutrition. Additionally, it emphasizes sustainable practices, focusing on responsible production and supply chain management. Established in 1902, the company has grown to become a significant player in the agricultural industry, with operations spanning over various continents, fortifying its market significance by ensuring food security and supporting energy alternatives like ethanol. Archer-Daniels-Midland serves a broad array of customers, including food manufacturers and industrial processors, by converting natural products into key ingredients and solutions, thus driving forward the global food supply chain.