Andersons, Inc.

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 18, 2026

ANDE$54.48-1.3%Stored close · as of Nov 10, 2026

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Contents

Item 15. Exhibits and Financial Statement Schedules

Part IV.

Item 15. Exhibits and Financial Statement Schedules

(a) Documents filed as a part of this report

The Consolidated Financial Statements of the Company are set forth under Item 8 of this report on Form 10-K.
1.	Financial Statements
2.	Financial Statement Schedules
Financial Statement Schedule II - Valuation and Qualifying Accounts included in this Form 10-K. All other schedules are not required under the related instructions or are not applicable.

(b) Exhibit Listing

Exhibit Number	Exhibit Description	Form	Exhibit	Filing Date/ Period End Date
3.1	Articles of Incorporation.	10-K	3.1	December 31, 2019
3.2	Code of Regulations of The Andersons, Inc.	S-4/A	Annex B	May 19, 1995
4.1	Specimen Common Share Certificate. (Incorporated by reference to Exhibit 4.1 to Registration Statement No. 033-58963).	S-4/A	4.1	May 19, 1995
4.2	Description of Securities of the Registrant	10-K	4.2	December 31, 2021
10.01*	2004 Employee Share Purchase Plan Restated and Amended January 2023	DEF 14A	Appendix A	March 9, 2023
10.02*	Amended and Restated 2019 Long-term Incentive Compensation Plan	DEF 14A	Appendix A	March 10, 2022
10.03*	Second Amended and Restated Employment Agreement, dated August 15, 2024, between The Andersons, Inc. and William E. Krueger	8-K	10.1	August 15, 2024
10.04*	Change in Control & Severance Policy	10-K	10.35	December 31, 2018
10.05** · Change in Control & Severance Policy
10.06*	Form of Restricted Share Unit Agreement	10-Q	10.01	March 31, 2023
10.07*	Form of Performance Share Unit Agreement - Earnings Per Share	10-Q	10.02	March 31, 2023
10.08*	Form of Performance Share Unit Agreement - Total Shareholder Return	10-Q	10.03	March 31, 2023
10.09*	Form of Restricted Share Award - Non-Employee Directors Agreement	10-Q	10.04	March 31, 2023
10.10*	Form of Performance Share Unit - Earnings Per Share & Total Shareholder Return	10-Q	10.1	March 31, 2024
10.11	Credit Agreement, dated January 11, 2019, between The Andersons, Inc., as borrower, and several banks with U.S. Bank National Association acting as Lead Agent.	8-K	10.1	January 14, 2019
10.12	Amendment No. 1 to Credit Agreement	10-Q	10.1	September 30, 2020
10.13	Amendment No. 2 to Credit Agreement	8-K	10.1	February 5, 2021

Exhibit Number	Exhibit Description	Form	Exhibit	Filing Date/ Period End Date
10.14	Amendment No. 3 to Credit Agreement	8-K	10.1	May 6, 2021
10.15	Amendment No. 4 to Credit Agreement	10-K	10.19	December 31, 2021
10.16	CREDIT AGREEMENT DATED AS OF JANUARY 11, 2019 AMONG THE ANDERSONS, INC., THE LENDERS, U.S. BANK NATIONAL ASSOCIATION, AS ADMINISTRATIVE AGENT (AMENDED AS OF MARCH 28, 2022)	8-K	10.1	April 1, 2022
10.17	CREDIT AGREEMENT DATED AS OF JANUARY 11, 2019 AMONG THE ANDERSONS, INC., THE LENDERS, U.S. BANK NATIONAL ASSOCIATION, AS ADMINISTRATIVE AGENT (AMENDED AS OF JUNE 15, 2023)	10-Q	10.2	June 30, 2023
10.18	TERM LOAN AGREEMENT Dated as of April 3, 2023 among THE ANDERSONS, INC., as the Borrower, FARM CREDIT MID-AMERICA, PCA, as Administrative Agent, and THE LENDERS PARTY HERETO FARM CREDIT MID-AMERICA, PCA, as Sole Lead Arranger and Sole Bookrunner	10-Q	10.1	June 30, 2023
10.19	LOAN AGREEMENT between METLIFE REAL ESTATE LENDING LLC, a Delaware limited liability company, as Lender and THE ANDERSONS, INC., an Ohio corporation, as Borrower, FIRST MORTGAGE LOAN in the amount of $105,000,000.00 dated as of November 14, 2019. (Schedules within the Loan Agreement have been omitted and can be furnished to the SEC upon request.)	8-K	10.1	November 18, 2019
10.20	First Amendment to Loan Agreement	10-Q	10.1	June 30, 2020
10.21	Second Amendment to Loan Agreement	10-K	10.31	December 31, 2024
10.22	Second Amended and Restated Loan Agreement (as amended) by and between SCOTIABANK ASSET FINANCE, a division of The Bank of Nova Scotia as Administrative Agent and THE LENDERS THAT ARE SIGNATORIES HERETO as Lenders and THE ANDERSONS CANADA LIMITED	10-Q	10.1	June 30, 2024
10.23	Third Amended and Restated Loan Agreement	10-Q	10.2	September 30, 2025
10.24	AMENDED AND RESTATED CREDIT AGREEMENT by and among SKYLAND GRAIN, L.L.C., THE GUARANTORS PARTY HERETO, THE LENDERS PARTY HERETO and COBANK, ACB, as Administrative Agent, Issuing Lender and Swing Line Lender COBANK, ACB and FARM CREDIT MID-AMERICA, PCA, as Joint Lead Arrangers and Joint Bookrunners	8-K	10.2	November 6, 2024
10.25	First Amendment to Amended and Restated Credit Agreement	10-Q	10.1	March 31, 2025
10.26	Unit Purchase Agreement	8-K	10.1	July 31, 2025
19.1	Insider Trading Policy	10-K	19.1	December 31, 2024
21.1** · Consolidated Subsidiaries of The Andersons, Inc.
23.1** · Consent of Independent Registered Public Accounting Firm - Deloitte & Touche LLP.

Exhibit Number	Exhibit Description	Form	Exhibit	Filing Date/ Period End Date
31.1** · Certification of the Chief Executive Officer under Rule 13(a)-14(a)/15d-14(a).
31.2** · Certification of the Chief Financial Officer under Rule 13(a)-14(a)/15d-14(a).
32.1*** · Certifications Pursuant to 18 U.S.C. Section 1350.
97.1	Recoupment Policy	10-K	97.1	December 31, 2023
101** · Inline XBRL Document Set for the consolidated financial statements and accompanying notes in Part II, Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K.
104** · Inline XBRL for the cover page of this Annual Report on Form 10-K, included in the Exhibit 101 Inline XBRL Document Set.
* Indicates management contract or compensatory plan or arrangement.
** Filed herewith.
*** Furnished herewith.

ContentsView on SEC.gov

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