ADM settles SEC investigation for $40M; DOJ closes probe with no action

Archer-Daniels-Midland Co

ADM reaches settlement with SEC, agrees to pay $40M civil penalty without admitting or denying wrongdoing.
DOJ closes investigation of ADM with no further action, ending all government probes.
Settlement addresses prior reporting errors in intersegment sales; no impact on consolidated balance sheet or cash flows.
ADM previously restated 2023 Form 10-K and Q1/Q2 2024 10-Qs to correct segment reporting errors.
Company has implemented significant changes to financial leadership and internal controls since discovery.

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