---
schema_version: "secwatch.filing_event.v1"
accession: "0000821026-23-000109"
form_type: "8-K"
ticker: "ANDE"
cik: "0000821026"
company_name: "Andersons, Inc."
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:57:07.198338+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Andersons: Ethanol JV ELEMENT placed into receivership; expects $85-95M impairment charge

## Summary
- ELEMENT, LLC (51%-owned JV) placed into receivership on Apr 18, 2023; plant in extended maintenance shutdown.
- Operational/market challenges including California LCFS credit shift and high western corn basis led to Feb 2023 debt default.
- ELEMENT's debt is non-recourse to Andersons; no impact on long-term EBITDA target.
- Expects preliminary non-cash pretax impairment of $85-95M, 51% attributable to company.

## SEC filing metadata
- accession: 0000821026-23-000109
- form_type: 8-K
- ticker: ANDE
- cik: 0000821026
- company_name: Andersons, Inc.
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821026/000082102623000109/0000821026-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821026/000082102623000109/ande-20230421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000821026-23-000109
- JSON: https://secwatch.observer/filing/0000821026-23-000109.json
- Plain text: https://secwatch.observer/filing/0000821026-23-000109.txt

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