Summary
Archer-Daniels-Midland Co (ADM) announced on August 12, 2026, that Lei Z. Schlitz will be resigning from her position as a director on the Board, effective December 31, 2026. This decision stems from a voluntary material change in her principal employment. Ms. Schlitz's departure is amicable and is not attributed to any disagreements regarding the Company's operations, policies, or practices. The Board has expressed gratitude for her contributions and service.
Key Highlights
- 1Director Lei Z. Schlitz to resign effective December 31, 2026.
- 2Resignation is due to a voluntary material change in Ms. Schlitz's principal employment.
- 3The departure is not related to any disagreements with the Company.
- 4Ms. Schlitz will remain on the Board until the end of the year.
- 5The Board of Directors has accepted the resignation.
- 6The Nominating and Corporate Governance Committee recommended the acceptance of the resignation.
Frequently Asked Questions
Ms. Schlitz is resigning due to a voluntary material change in her principal employment.
Her resignation will be effective on December 31, 2026.
No, the filing explicitly states that Ms. Schlitz's resignation is not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.
Yes, Ms. Schlitz has been asked to remain on the Board through the end of the year, with her resignation becoming effective on December 31, 2026.