CHICAGO - Agricultural giant ADM (NYSE: ADM) has notified the U.S. Securities and Exchange Commission (SEC) of a delay in filing its annual report for the fiscal year 2023. The company submitted a Form 12b-25, citing the need for additional time to finalize its financial statements. ADM aims to complete and file its Form 10-K within the 15-day extension period, projecting a finalization date by March 15, 2024.
This information was disclosed in a recent press release available on the company's Investor Relations website. ADM also stated that it would announce the scheduling details of its fourth quarter and full-year 2023 earnings release and conference call once the filing date of the Form 10-K is confirmed.
The delay in filing has been communicated transparently to stakeholders, although the company has not specified the reasons for the postponement. The announcement also includes forward-looking statements, cautioning readers about the potential risks and uncertainties associated with such statements. These include possible changes to the scope of the anticipated material weaknesses or the identification of additional ones, as well as the impact of the delay on ADM's stock, employee relations, and customer and supplier interactions.
ADM, known for its role in the global food supply chain and agricultural processing, has emphasized its commitment to sustainability and innovation in its press release. The company's efforts extend to developing plant-based solutions and contributing to decarbonization within the industry.
The press release, which serves as the source of this information, contains forward-looking statements that inherently come with risks and uncertainties. ADM has expressed that these statements are not guarantees of future performance and has outlined the potential risks in its most recent Annual Report on Form 10-K and other SEC filings.
Investors and interested parties are encouraged to monitor ADM's Investor Relations website for updates on the filing status and forthcoming earnings information. This announcement is based on a press release statement from ADM.
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