ADM Elects Directors at Annual Meeting, Declares Cash Dividend
CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) announced today at its 92nd Annual Stockholders’ Meeting that 13 incumbent directors were elected to its Board. The directors are: Alan L. Boeckmann, Mollie Hale Carter, Terrell K. Crews, Pierre Dufour, Donald E. Felsinger, Juan R. Luciano, Antonio Maciel Neto, Patrick J. Moore, Thomas F. O’Neill, Francisco Sanchez, Daniel Shih, Kelvin R. Westbrook and Patricia A. Woertz.
Cash Dividend Declared
ADM’s Board of Directors also declared a cash dividend of 28.0 cents per share on the company’s common stock payable June 11, 2015, to Stockholders of record May 21, 2015.
This is ADM’s 334th consecutive quarterly payment, a record of 83 years of uninterrupted dividends. As of March 31, 2015, there were 625,071,516 shares of ADM common stock outstanding.
No-Deforestation Policy Announced
Also at the meeting, ADM announced the adoption of its No-Deforestation Policy. The policy includes an overarching commitment to no deforestation, with specific actions related to ADM’s palm and soy supply chains. It includes commitments to work with respected third-party experts, including The Forest Trust, to begin mapping the company’s supply chains against high carbon stock forests, high conservation value areas and peatlands, and to expeditiously develop appropriate action plans to create more sustainable, traceable supply chains that protect these areas. These action plans will also incorporate information gathered through the implementation of ADM’s Commitment to Human Rights. ADM also committed to publish the action plans and provide regular updates on progress.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. With a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, chemical and energy uses. Learn more at www.adm.com.
Archer Daniels Midland Company