Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Appointment of Chief Operating Officer

On November 10, 2022, The Andersons, Inc. (the "Company") appointed William E. Krueger, President of Trade and Processing, to the position of Chief Operating Officer effective December 1, 2022.

Under the terms of the agreement in connection with his appointment as Chief Operating Officer, Mr. Krueger is entitled to the following:



•$950,000 annual base salary;
•Upon the achievement of target-level performance, an annual bonus of one
hundred percent (100%) of his annual base salary;
•Beginning in 2023, eligible for annual equity incentive grants pursuant to the
Company's 2019 Long-Term Incentive Compensation Plan, with a target grant date
value of two hundred percent (200%) of his annual base salary, or $1,900,000;
and
•All of the Company's benefit plans or arrangements in effect from time to time
with respect generally to senior executives, including the Change in Control and
Severance Agreement;

The executive employment agreement is for an indefinite term, subject to termination at any time by the Company or Mr. Krueger.

A copy of the Company's press release related to Mr. Krueger's appointment is being furnished as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits



(d) Exhibits:

 Exhibit No.       Description

 99.1                Press Release, dated November 16, 2022

 104               Inline XBRL for the cover page of this Current Report on Form 8-K

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