Andersons, Inc. 8-K

What Happened
Andersons, Inc. (ANDE) announced on June 18, 2026 that its Board of Directors elected David R. Heppner as a new director, effective the same day. Mr. Heppner's initial term runs until the Company’s 2027 Annual Meeting of Stockholders (or earlier if he resigns or is removed). The appointment was reported on Form 8-K under Item 5.02.

Key Details

• Appointment date: June 18, 2026; initial term ends at the 2027 Annual Meeting.
• Compensation: Mr. Heppner will be paid the same as the Company’s other non-employee directors as disclosed in the Company’s definitive proxy filed March 11, 2026.
• No relationships or arrangements: There is no arrangement or understanding with others regarding his selection, and he has no material interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K.
• Indemnification: Mr. Heppner and the Company will enter the Company’s standard director indemnification agreement.

Why It Matters
Board composition affects governance and oversight. This filing formally notifies investors of the new independent board member, the term timeline, and that his pay and legal protections (indemnification) match existing non-employee directors. The disclosure included confirms there are no related-party issues disclosed and points investors to the Company’s proxy for details on director compensation.