ADM CFO Vikram Luthar to resign Sept 30; receives $743K bonus, equity retirement treatment

Archer-Daniels-Midland Co

CFO Vikram Luthar will resign as executive effective Sept 30, 2024, serve as non-executive employee during transition.
Receives 2023 cash performance award of $743,419 and 2021 PSU shares; eligible for prorated 2024 cash incentive.
Will continue base salary and benefits through transition; no new equity awards.
Agreement includes non-disparagement, cooperation, return of property, and standard release of claims.
Company may accelerate termination and forfeit benefits if Luthar violates agreement or commits misconduct.

item 5.02 item 9.01

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Departed

Vikram Luthar

Chief Financial Officer

ADM · Archer-Daniels-Midland Co

Effective: 2024-09-30
Filed: April 22, 2024, 7:59 PM ET

On April 19, 2024, Archer-Daniels-Midland Company (the “Company”) and Vikram Luthar entered into a Transition Agreement (the “Agreement”) under which Mr. Luthar will resign effective September 30, 2024

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Vikram Luthar resigned as Chief Financial Officer at Archer-Daniels-Midland Co.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On April 19, 2024, Archer-Daniels-Midland Company (the “Company”) and Vikram Luthar entered into a Transition Agreement (the “Agreement”) under which Mr. Luthar will resign effective September 30, 2024

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Archer-Daniels-Midland Co filing history →

Source: SEC EDGAR

accession 0001193125-24-104863

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