secwatch.observer — SEC 8-K summary
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Issuer:     Andersons, Inc. (ANDE)
CIK:        0000821026
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0000821026-24-000202
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Andersons names COO Bill Krueger as CEO effective Oct 1, 2024; Bowe remains Chairman
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- William Krueger, current COO, appointed President and CEO effective October 1, 2024; also joins board.
- Patrick Bowe, CEO since 2015, will become Executive Chair through Sep 2025, then non-executive Chair.
- Krueger receives $1M base salary, 100% target bonus pro-rated for 2024, and $3M equity grants starting 2025.
- Bowe receives $500k base salary and 100% target bonus pro-rated for 2024 as Executive Chair.
- Krueger joined Andersons in 2019 via Lansing Trade Group acquisition; previously served as Trade & Processing President.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821026/000082102624000202/0000821026-24-000202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821026/000082102624000202/ande-20240815.htm
  HTML page:      https://secwatch.observer/filing/0000821026-24-000202

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer