ADM Elects Directors at Annual Meeting, Declares Dividend

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ADM announces election of new director and declares cash dividend

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• ADM announced the election of new director Dr. Ellen de Brabander, who brings deep R&D and innovation experience in human nutrition, life sciences, and animal health. The company also declared a cash dividend of 45.0 cents per share on its common stock, payable on June 7, 2023, to shareholders of record on May 17, 2023. This marks ADM's 366th consecutive quarterly payment, a record of over 91 years of uninterrupted dividends.

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CHICAGO--(BUSINESS WIRE)-- ADM (NYSE: ADM), a global leader in human and animal nutrition, today announced at its Annual Stockholders’ Meeting the election of its board of directors, including new director Dr. Ellen de Brabander.

De Brabander brings a broad scientific background and deep R&D and innovation experience in human nutrition, life sciences and animal health to the Board. She currently serves as executive vice president for Innovation and Regulatory Affairs at Elanco, where she is focused on driving early and late-stage pipeline execution across pet health and farm animals, including nutritional health solutions.

Ten incumbent directors were also re-elected, including: Michael S. Burke, Theodore Colbert, James C. Collins, Jr., Terrell K. Crews, Suzan F. Harrison, Juan R. Luciano, Patrick J. Moore, Debra A. Sandler, Lei Z. Schlitz and Kelvin R. Westbrook.

Cash Dividend Declared

In addition, ADM’s Board of Directors declared a cash dividend of 45.0 cents per share on the company’s common stock. The dividend is payable on June 7, 2023, to shareholders of record on May 17, 2023. This is ADM’s 366th consecutive quarterly payment, a record of more than 91 years of uninterrupted dividends. As of March 31, 2023, there were 544,833,854 shares of ADM common stock outstanding.

About ADM

ADM unlocks the power of nature to enrich the quality of life. We’re a premier global human and animal nutrition company, delivering solutions today with an eye to the future. We’re blazing new trails in health and well-being as our scientists develop groundbreaking products to support healthier living. We’re a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace petroleum-based products. We’re an unmatched agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. And we’re a leader in sustainability, scaling across entire value chains to help decarbonize our industry and safeguard our planet. From the seed of the idea to the outcome of the solution, we give customers an edge in solving the nutritional and sustainability challenges of today and tomorrow. Learn more at www.adm.com.

Source: Corporate Release

Source: ADM

View source version on businesswire.com: https://www.businesswire.com/news/home/20230504005767/en/

ADM Media Relations

Jackie Anderson

media@adm.com

312-634-8484

Source: ADM

FAQ

Who is the new director elected by ADM?

Dr. Ellen de Brabander is the new director elected by ADM.

What experience does Dr. Ellen de Brabander bring to the board?

Dr. Ellen de Brabander brings a broad scientific background and deep R&D and innovation experience in human nutrition, life sciences, and animal health to the board.

What is the cash dividend declared by ADM?

ADM has declared a cash dividend of 45.0 cents per share on its common stock.

When will the dividend be payable?

The dividend will be payable on June 7, 2023.

Who are the incumbent directors re-elected by ADM?

The incumbent directors re-elected by ADM are Michael S. Burke, Theodore Colbert, James C. Collins, Jr., Terrell K. Crews, Suzan F. Harrison, Juan R. Luciano, Patrick J. Moore, Debra A. Sandler, Lei Z. Schlitz, and Kelvin R. Westbrook.

How many shares of ADM common stock are outstanding?

As of March 31, 2023, there were 544,833,854 shares of ADM common stock outstanding.