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)
April 27, 2006
ARCHER-DANIELS-MIDLAND
COMPANY
(Exact
name of registrant as specified in its charter)
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Delaware
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1-44
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41-0129150
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(State
or other jurisdiction
of
incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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4666
Faries Parkway
Decatur,
Illinois
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62526
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (217)
424-5200
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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 (see
General
Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
1.01
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Entry
into a Material Definitive Agreement
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On
April 27, 2006, the Board of Directors (the “Board”) of
Archer-Daniels-Midland Company (“ADM”) approved an agreement (the
“Agreement”) covering the terms of employment for Patricia A. Woertz in
connection with her election as President and Chief Executive Officer
of
ADM as described below in Item 5.02. The Agreement is attached as
Exhibit
10.1 to this Current Report on Form 8-K and the terms thereof are
incorporated by reference into this Item
1.01.
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Item
5.02
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Departure
of Directors or Principal Officers; Election of Directors; Appointment
of
Principal Officers
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On
April 28, 2006, ADM announced the resignation of G. Allen Andreas
as
President and Chief Executive Officer of ADM, effective as of May
1, 2006
(the “Effective Date”). Mr. Andreas will continue to serve as the Chairman
of the Board of Directors of ADM. A copy of the press release announcing
his resignation as President and Chief Executive Officer is attached
as
Exhibit 99.1 to this Current Report on Form 8-K.
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On
April 28, 2006, ADM announced the election of Patricia A. Woertz
as the
Company’s President and Chief Executive Officer and a member of the
Company’s Board of Directors effective as of the Effective Date. A copy of
the press release announcing her election is attached as Exhibit
99.1 to
this Current Report on Form 8-K. Biographical information for Ms.
Woertz
is included in the press release and incorporated by reference into
this
Item 5.02. Ms. Woertz’s election to any committees of the Board of
Directors will occur at a later date and will be disclosed at that
time.
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Ms.
Woertz will be employed as President and Chief Executive Officer
under the
terms of the Agreement, which is described in Item 1.01 above and
attached
as Exhibit 10.1 to this Current Report on Form 8-K. Item 1.01 is
incorporated by reference into this Item 5.02(c)(3).
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits
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The
following exhibits are filed herewith:
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10.1
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Agreement
Regarding Terms of Employment dated April 27, 2006 with Patricia
A.
Woertz
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99.1
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Press
Release dated April 28, 2006
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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.
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ARCHER-DANIELS-MIDLAND
COMPANY
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Date:
May 1, 2006
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By
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/s/
David J. Smith
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David
J. Smith
Executive
Vice President, Secretary and
General
Counsel
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EXHIBIT
INDEX
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Exhibit
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Description
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Method
of Filing
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10.1
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Agreement
Regarding Terms of Employment
dated
April 27, 2006 with
Patricia
A. Woertz
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Filed
Electronically
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99.1
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Press
Release dated April 28, 2006
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Filed
Electronically
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