Archer Daniels Midland Company (ADM) Proxy filing summary

Executive summary

• Achieved $200M in cost savings in 2025, progressing toward a 3–5 year target of $500–750M in savings; restored Decatur East operations and advanced portfolio optimization with over 20 projects completed.

• Delivered strong cash flows, improved plant efficiency, and achieved the lowest injury rate in company history; increased annual dividend for the 53rd consecutive year.

• Advanced decarbonization by connecting the Columbus, NE corn plant to a major CO2 pipeline, making it the world’s largest bioethanol carbon capture and storage project.

• Nutrition segment recovery continued, with improved execution and revenue growth.

• Formed a joint venture in animal nutrition and continued investment in growth platforms: enhanced nutrition, biotics, biosolutions, precision fermentation, and decarbonization.

Voting matters and shareholder proposals

• Election of 13 directors for a one-year term, all recommended by the Board.

• Advisory vote on executive compensation (say-on-pay), with Board recommendation to vote FOR.

• Ratification of Ernst & Young LLP as independent auditors for 2026, with Board recommendation to vote FOR.

• Approval of an amendment to the 2020 Incentive Compensation Plan to add 9 million shares, with Board recommendation to vote FOR.

• Shareholder proposal requesting a report on pesticide use data reporting in regenerative agriculture program disclosures, with Board recommendation to vote AGAINST.

Board of directors and corporate governance

• Board consists of 13 members, 92% independent, with 54% overall diversity and 31% women.

• Five new independent directors added since 2021; two new committee chairs appointed effective May 2026.

• Annual board and committee evaluations, third-party facilitated; robust succession planning and director orientation.

• Lead Independent Director provides strong independent oversight; regular executive sessions held.

• Stockholder rights include proxy access, special meeting rights, and robust stock ownership guidelines.