01—Abstract
Summary
Summary of the 10-K/A filed August 22, 1995. Cited figures are marked; the original filing is the authoritative source.
This is Amendment No. 1 to Archer-Daniels-Midland's Form 10-K for the fiscal year ended June 30, 1995.
The amendment was filed to correct the attached document. The excerpt provided contains only the cover page, so it does not include the financial statements, MD&A, or business discussion. Those are incorporated by reference from the annual shareholders' report, which is not included here, and Part III items are incorporated from the proxy statement.
The cover page reports an aggregate market value of about $7.5 billiona for common stock held by non-affiliates, based on the NYSE closing price on August 9, 1995. ADM had 505,466,902 common shares outstanding on that date. Because non-affiliate shares cannot exceed total shares outstanding, the non-affiliate value implies a per-share price of at least about $14.84.
The company's shares are listed on the New York Stock Exchange and Chicago Stock Exchange, and also on the Swiss (Basle, Zurich, Geneva), Tokyo, and Frankfurt exchanges. Investors seeking operating results, segment performance, debt levels, or cash flow should consult the original annual report to shareholders, which is not part of this excerpt.
02—Key points
Key Highlights
- Fiscal year ended June 30, 1995; this is Amendment No. 1 correcting the attached 10-K filing.
- Non-affiliate market value of common stock was approximately $7.5 billion as of August 9, 1995.
- 505,466,902 common shares were outstanding as of August 9, 1995.
- Implied minimum share price of about $14.84 (non-affiliate value divided by total shares outstanding).
- Common stock is listed on the NYSE and Chicago Stock Exchange, plus Basle, Zurich, Geneva, Tokyo, and Frankfurt exchanges, indicating a broad international shareholder base.
- Financial statements and MD&A are incorporated by reference from the annual shareholders' report, which is not included in this excerpt.
- Part III disclosures (such as executive compensation and governance) are incorporated by reference from the proxy statement, also not included.
03—Questions
Frequently Asked Questions
Why was this 10-K filed as an amendment?
The filing states that Amendment No. 1 was made to correct the document as attached. The excerpt does not specify which section was corrected, so the nature of the correction cannot be determined from the text provided.
How large is ADM's equity value according to this filing?
The cover page reports about $7.5 billion in market value held by non-affiliates, based on the August 9, 1995 NYSE closing price. Total market capitalization would be higher because it includes shares held by affiliates, which the excerpt does not quantify.
Where can I find ADM's revenue, earnings, and balance sheet for fiscal 1995?
These are not in the excerpt. The filing incorporates them by reference from the annual report to shareholders for the year ended June 30, 1995, which should be consulted directly.
Where are ADM's shares traded?
The common stock is registered on the New York Stock Exchange and Chicago Stock Exchange, and on the Stock Exchanges of Basle, Zurich, and Geneva (Switzerland), Tokyo, and Frankfurt.
Where can I find executive compensation and board information?
Part III information is incorporated by reference from the annual proxy statement for the year ended June 30, 1995. That document is not included in this excerpt.
04—Continue