Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 21, 2026, the Andersons, Inc. (the "Company") notified Sarah J. Zibbel, Executive Vice President, Chief Human Resources Officer, that a decision had been made to eliminate her position as part of a restructuring of the human resources department.…
Filed Oct 23, 2026Accepted Oct 23, 2026, 5:28 PM EDTCIK 821026Accession 0000821026-26-000134
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 21, 2026, the Andersons, Inc. (the "Company") notified Sarah J. Zibbel, Executive Vice President, Chief Human Resources Officer, that a decision had been made to eliminate her position as part of a restructuring of the human resources department. As a result, Ms. Zibbel’s employment will terminate October 31, 2026. Ms. Zibbel will be entitled to benefits payable in the event of a qualifying termination under the Company's Change in Control & Severance policy. In addition, Ms. Zibbel will retain her outstanding restricted stock units and be eligible to receive a pro-rated portion of the performance shares units (“PSUs”) granted in 2024 that are earned based on actual performance through the three-year performance period ending in 2026. Ms. Zibbel’s PSUs granted in 2025 and 2026 will be forfeited.