Current Report Filing (8-k)
May 07 2019 - 4:28PM
Edgar (US Regulatory)
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): May 1, 2019
ARCHER-DANIELS-MIDLAND COMPANY
(Exact name of registrant as specified in its charter)
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Delaware
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1-44
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41-0129150
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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77 West Wacker Drive, Suite 4600
Chicago, Illinois
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60601
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(Address of principal executive offices)
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(Zip Code)
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Registrants 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 (
see
General Instruction A.2. below):
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17
CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule
12b-2
of the Exchange Act (17 CFR 240.12b-2).
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common Stock, no par value
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ADM
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New York Stock Exchange
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Item 5.03
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Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
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On May 1, 2019, the Board of Directors (the Board) of Archer-Daniels-Midland Company (the Company) approved certain amendments to
the Companys Bylaws effective as of that date (the Amendments). The Amendments (i) added a new Section 1.4(c)(2), which requires any stockholders notice of a proposal that seeks to nominate persons to stand for
election as directors to include, as to each person whom the stockholders propose to nominate for election as director, a written representation and agreement from such proposed nominee attesting to certain facts set forth in Section 1.4(c)(2);
(ii) amended Section 1.10 to allow for any meeting of stockholders to be adjourned, whether or not a quorum is present; (iii) amended Section 2.4 to allow special meetings of the Board to be called by a majority of the executive
committee or a majority of the Board and that notice of a special meeting of the Board may be given with less than twenty-four hours notice as the person or persons calling such meeting may deem necessary or appropriate under the
circumstances; (iv) amended Section 4.1 to provide that the Board may provide by resolution or resolutions that some or all of any or all classes or series of stock of the Company shall be uncertificated shares of stock; (v) amended
Section 5.5 to provide that any records maintained by the Company may be kept on, or by means of, or be in the form of, any information storage device, method, or one or more electronic networks or databases; and (vi) amended
Section 5.7 to add that the Court of Chancery of the State of Delaware is the exclusive forum for any action asserting a claim against the Company or any director, officer, stockholder, employee or agent of the Company governed by the internal
affairs doctrine of the State of Delaware; provided, however, in the event that the Court of Chancery of the State of Delaware lacks subject matter jurisdiction over any such action or proceeding, the sole and exclusive forum for such action or
proceeding shall be another state or federal court located within the State of Delaware.
The Bylaws, as amended through May 1, 2019, are attached to
this Current Report on Form
8-K
as Exhibit 3(ii).
Item 5.07.
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Submission of Matters to a Vote of Security Holders.
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On May 1, 2019, the Company held its 2019 Annual Meeting of Stockholders. The following proposals were voted on at the meeting with the following results:
Proposal No.
1
. All nominees for election to the Board of Directors listed in the proxy statement for the 2019 Annual Meeting
of Stockholders were elected as follows:
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Nominee
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For
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Against
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Abstain
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Broker Non-
Votes
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A. L. Boeckmann
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412,692,976
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20,686,674
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2,778,786
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56,352,125
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M. S. Burke
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430,971,330
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2,201,992
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2,985,114
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56,352,125
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T. K. Crews
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432,425,803
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2,055,235
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1,677,398
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56,352,125
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P. Dufour
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424,989,274
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8,184,781
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2,984,381
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56,352,125
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D. E. Felsinger
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420,064,325
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14,288,848
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1,805,263
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56,352,125
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S. F. Harrison
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423,810,137
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9,350,579
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2,997,720
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56,352,125
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J. R. Luciano
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421,167,624
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13,312,890
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1,677,922
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56,352,125
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P. J. Moore
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406,769,165
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27,530,937
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1,858,334
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56,352,125
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F. J. Sanchez
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432,133,199
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2,275,531
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1,749,706
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56,352,125
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D. A. Sandler
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432,258,118
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2,070,416
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1,829,902
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56,352,125
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L.Z. Schlitz
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431,754,850
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2,488,791
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1,914,795
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56,352,125
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K. R. Westbrook
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402,185,591
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32,067,893
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1,904,952
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56,352,125
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Proposal No.
2
. The appointment of Ernst & Young LLP as independent auditors for the year
ending December 31, 2019 was ratified at the meeting by the following votes:
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For
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Against
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Abstain
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472,332,487
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17,960,221
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2,217,853
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Proposal No.
3
. The compensation of the Companys named executive officers was approved, on an
advisory basis, by the following votes:
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For
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Against
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Abstain
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Broker Non-
Votes
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375,680,110
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56,562,261
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3,916,065
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56,352,125
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
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.
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ARCHER-DANIELS-MIDLAND COMPANY
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Date: May 7, 2019
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By
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/s/ D. Cameron Findlay
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D. Cameron Findlay
Senior Vice President,
General Counsel, and Secretary
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