Archer-Daniels-Midland Co (ADM) postpones executive bonuses, delays financial results due to ongoing accounting probe focusing on Nutrition reporting segment.

Archer-Daniels-Midland Co (ADM) has decided to postpone the payment of performance bonuses for some of its executives due to an ongoing investigation into its accounting practices. The investigation focuses on the Nutrition reporting segment and intersegment transactions. This decision comes after ADM's shares dropped by 24% due to the news of the probe, which was the largest fall since 1929. The company has also delayed the release of its full-year 2023 financial results until further notice.

January 29, 2024
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