CHS Inc. Files 8-K on Preferred Stock Actions

Ticker: CHSCO · Form: 8-K · Filed: Sep 11, 2024

Sentiment: neutral

Topics: preferred-stock, corporate-action

TL;DR

CHS Inc. filed an 8-K on 9/11/24 detailing preferred stock actions.

AI Summary

CHS Inc. filed an 8-K on September 11, 2024, to report on preferred stock matters. The filing details actions related to its A Preferred Stock, Class B Series 1 Preferred Stock, Class B Series 2 Preferred Stock, Class B Series 3 Preferred Stock, and Class B Series 4 Preferred Stock, all effective as of September 11, 2024.

Why It Matters

This filing indicates corporate actions and potential changes related to different classes of preferred stock, which could impact investors and the company's capital structure.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate actions related to preferred stock and does not appear to involve significant financial events or strategic shifts.

Key Players & Entities

FAQ

What specific actions were taken regarding the preferred stock?

The filing indicates actions related to A Preferred Stock, Class B Series 1 Preferred Stock, Class B Series 2 Preferred Stock, Class B Series 3 Preferred Stock, and Class B Series 4 Preferred Stock, effective September 11, 2024.

What is the filing date of this 8-K?

The filing date is September 11, 2024.

What is the company's commission file number?

The commission file number for CHS Inc. is 001-36079.

What is the state of incorporation for CHS Inc.?

CHS Inc. is incorporated in Minnesota.

What is the SIC code for CHS Inc.?

The Standard Industrial Classification (SIC) code for CHS Inc. is 5150 (Wholesale-Farm Product Raw Materials).

Filing Stats: 636 words · 3 min read · ~2 pages · Grade level 12.5 · Accepted 2024-09-11 09:30:31

Key Financial Figures

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. The CHS Inc. (" CHS ") Board of Directors recently made 2024 fiscal year patronage and equity redemption determinations. A summary of those determinations are as follows: (1) 10.0% of the earnings from patronage business for the fiscal year ended August 31, 2024 (" Fiscal 2024 ") will be added to CHS's capital reserves, (2) $300.0 million of CHS's Fiscal 2024 patronage-sourced earnings is intended to be paid in cash to its patrons during the fiscal year ending August 31, 2025 (" Fiscal 2025 ") and (3) $300.0 million in cash is intended to be distributed in Fiscal 2025 in the form of equity redemptions. Additional details will be available after Fiscal 2024 year-end results are filed on CHS's Annual Report on Form 10-K for Fiscal 2024, including the amount of Fiscal 2024 patronage equity certificates that will be distributed. Pursuant to General Instruction B.2. to Form 8-K, the information set forth in this Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Form 8-K shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall otherwise be expressly set forth by specific reference in such filing.

SIGNATURES

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. CHS Inc. Date: September 11, 2024 By: /s/ Olivia Nelligan Olivia Nelligan Executive Vice President, Chief Financial Officer and Chief Strategy Officer

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