December 10, 20240000821026false00008210262024-12-102024-12-10

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________
FORM 8-K
______________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):December 10, 2024
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blackandwhiteandelogoa02.jpg
The Andersons, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Ohio000-2055734-1562374
(State of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification No.)
1947 Briarfield Boulevard
Maumee, Ohio 43537
(Address of principal executive offices) (Zip Code)

(419) 893-5050
(Registrant’s telephone number, including area code)
__________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[☐] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[☐] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[☐] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[☐] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
__________________________________________
Securities registered pursuant to Section 12(b) of the Act:
Title of each class: Trading Symbol Name of each exchange on which registered:
Common stock, $0.00 par value, $0.01 stated value ANDE The NASDAQ Stock Market LLC
__________________________________________
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
[☐] Emerging growth company
[☐] If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 8.01 Other Events

On December 10, 2024, The Andersons, Inc. (the "Company") announced the appointment of Weston Heide and Mark Simmons as Executive Vice Presidents to lead the Agribusiness and Renewables segments effective January 1, 2025. The former Nutrient and Industrial and Trade segments will form the Agribusiness segment. The Renewables segment will substantially continue to operate as currently reported.

A copy of the press release issued by the Company on December 10, 2024 is included as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit No.Description
99.1
104Inline XBRL for the cover page of this Current Report on Form 8-K



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
The Andersons, Inc.
December 11, 2024By:/s/ Brian A. Valentine
Brian A. Valentine
Executive Vice President
and Chief Financial Officer


Exhibit 99.1
image_0.jpg         NEWS RELEASE

Contact:     
Mike Hoelter
Vice President, Corporate Controller and Investor Relations
Phone: 419-897-6715
Email: investorrelations@andersonsinc.com

The Andersons, Inc. Appoints Executive Vice Presidents to Lead
Agribusiness and Renewables Segments

MAUMEE, Ohio, December 10, 2024 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces the appointments of Weston Heide and Mark Simmons as Executive Vice President to lead the Agribusiness and Renewables segments effective January 1, 2025.
The shift to a two-segment operating and reporting structure is designed to streamline operational efficiency, enhance cross-functional collaboration, and drive growth. This structure will support the company’s focus on unlocking value across the former Nutrient & Industrial and Trade segments to form the Agribusiness segment. The Renewables segment will continue to substantially operate as currently reported with an enhanced focus on growth. Financial reporting for 2024 will remain under the current structure, with the transition to the new structure beginning Q1 2025.
“We are excited to simplify our organization to enhance our ability to meet the evolving needs of our customers and stakeholders,” said President and CEO Bill Krueger. “With the experience and leadership of Weston and Mark, we are confident that this change will improve efficiency, foster innovation, and enable us to deliver a seamless, ‘one-company’ experience.”
Weston Heide joined The Andersons in 2019 as part of its acquisition of Lansing Trade Group. He most recently served as senior vice president of trade and processing where he led business units across commodity merchandising, grain handling assets, specialty ingredients, and facility operations and safety. Heide brings over 15 years of experience in the agribusiness sector covering various corporate and commercial roles.
Mark Simmons also joined The Andersons in 2019 as part of the Lansing acquisition and currently serves the role of vice president for the renewables business where he is responsible for ethanol marketing, trading, and plant originations. He began his career trading feed ingredients and transitioned to renewable fuels in 2006, where he was integral in the success of the ethanol trading business. Simmons has more than 25 years’ experience in agriculture and the renewables industry and throughout his career has held various trading roles in crude oil, biodiesel, and refined products.



The two EVPs bring extensive expertise and a commitment to operational excellence. Initially, they will oversee day-to-day operations under the current framework as they transition to their new roles. Their focus will be on partnering across the organization to unify efforts, drive productivity, and position The Andersons for long-term success.

About The Andersons, Inc.
The Andersons, Inc., named for 2024 to Forbes list of America's Most Successful Small Companies, Newsweek's list of America's Most Responsible Companies, and one of The Americas' Fastest Growing Companies by the Financial Times, is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and nutrient & industrial sectors. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.


v3.24.3
Cover page
Dec. 10, 2024
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Dec. 10, 2024
Entity Registrant Name Andersons, Inc.
Entity Incorporation, State or Country Code OH
Entity File Number 000-20557
Entity Tax Identification Number 34-1562374
Entity Address, Address Line One 1947 Briarfield Boulevard
Entity Address, City or Town Maumee
Entity Address, State or Province OH
Entity Address, Postal Zip Code 43537
City Area Code 419
Local Phone Number 893-5050
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock, $0.00 par value, $0.01 stated value
Trading Symbol ANDE
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0000821026
Amendment Flag false
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