secwatch.observer — SEC 8-K summary
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Issuer:     Archer-Daniels-Midland Co (ADM)
CIK:        0000007084
Form:       8-K
Filed at:   2024-07-10T23:59:59+00:00
Accession:  0001193125-24-177070
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADM appoints Monish Patolawala as CFO, effective Aug 1, 2024
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- Monish Patolawala succeeds Ismael Roig, who served as interim CFO since Jan 2024; Roig remains President of EMEA and Animal Nutrition.
- Patolawala joins from 3M where he was President and CFO; previously CFO of GE Healthcare (2015-2020).
- Initial base salary $1.425M; target annual bonus $1.924M; annual equity grant valued at $6.95M.
- One-time make-whole awards: $1.4M cash and ~$10M in RSUs vesting over 18 months.
- Patolawala also serves on Biogen Inc. board of directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7084/000119312524177070/0001193125-24-177070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7084/000119312524177070/d826908d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-177070

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