---
schema_version: "secwatch.filing_event.v1"
accession: "0000007084-24-000034"
form_type: "8-K"
ticker: "ADM"
cik: "0000007084"
company_name: "Archer-Daniels-Midland Co"
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:37:49.253766+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ADM to restate segment disclosures in FY2023 10-K and Q1/Q2 2024 10-Qs; prior filings no longer reliable

## Summary
- Board concluded Nov 4, 2024 to amend FY2023 10-K and Q1/Q2 2024 10-Qs for intersegment sales errors.
- Additional misclassified intersegment transactions found in Q3 2024 during remediation testing.
- Restatements not expected to materially impact earnings, balance sheets, or cash flows.
- Material weakness in internal control over intersegment sales persists; remediation plan ongoing.
- Prior filings should no longer be relied upon due to errors in segment disclosure.

## SEC filing metadata
- accession: 0000007084-24-000034
- form_type: 8-K
- ticker: ADM
- cik: 0000007084
- company_name: Archer-Daniels-Midland Co
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/7084/000000708424000034/0000007084-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/7084/000000708424000034/adm-20241104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000007084-24-000034
- JSON: https://secwatch.observer/filing/0000007084-24-000034.json
- Plain text: https://secwatch.observer/filing/0000007084-24-000034.txt

## Key facts
- Auditor Changes
  Archer-Daniels-Midland Co reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: The Prior Filings should no longer be relied upon because of errors identified in such financial statements
  evidence_url: https://www.sec.gov/Archives/edgar/data/7084/000000708424000034/0000007084-24-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.