Business Context and Reporting Period
Company: Archer-Daniels-Midland Company (ADM)
Filing Type: Form 8-K (Current Report)
Date of Report: February 13, 2013
Subject: Temporary Suspension of Trading Under Registrant's Employee Benefit Plans (Item 5.04).
Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity data. The report is strictly administrative regarding employee benefit plan operations.
Material Changes
No material financial changes are reported. The filing discloses a temporary administrative change affecting the ADM 401(k) and Employee Stock Ownership Plans (ESOP) for both salaried and hourly employees.
Guidance, Outlook, and Management Commentary
- Reason for Action: The blackout period is required due to the transition of the Plans to a new administrator.
- Blackout Period Dates: Scheduled to begin after 3:00 p.m. Central Time on March 19, 2013, and last through April 5, 2013. The period may end prior to April 5, 2013.
- Restrictions: During the blackout, participants cannot change contribution percentages, enroll in plans, submit withdrawal or loan requests, process loan payoffs, exchange balances, or change ESOP dividend elections.
- Executive Trading Restrictions: A notice was sent to directors and executive officers on February 19, 2013, informing them of the blackout and applicable common stock trading restrictions (including derivatives) under Section 306 of the Sarbanes-Oxley Act and Regulation BTR.
Key Facts for Investor Verification
- Verify the actual start and end dates of the blackout period by contacting Investor Relations at 217-424-5200, as the end date is subject to change.
- Confirm that no trading or plan changes can occur for employees between March 19, 2013, and April 5, 2013.
- Note that directors and executive officers are subject to specific trading restrictions during this window.