FMC Corporation
06/23/2026 | Press release | Distributed by Public on 06/23/2026 05:36
Material Agreement (Form 8-K)
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On June 18, 2026, FMC Corporation ("FMC") entered into a framework agreement (the "Agreement") to sell its property in Newark, Delaware to Ercor Elkton, LLC for gross cash proceeds of approximately $114 million, subject to a due diligence period and other closing conditions and adjustments. The proposed transaction involves the sale of underutilized buildings and land on the Delaware portion of FMC's campus at the Stine Research Center. The parties intend to negotiate in good faith a form of lease agreement for FMC to leaseback the facilities we actively operate from Ercor Elkton, LLC.
The transaction is structured to minimize any disruption to our research operations and our Stine Research Center will continue to operate at the site following the transaction. Core research activities and scientific infrastructure remain fully in place, and we do not expect any impact to our research and development capabilities. We will retain ownership of the adjacent Maryland property. The transaction is expected to close in the fourth quarter, subject to a due diligence period and other closing conditions and adjustments, and the proceeds are expected to be used to pay down debt. As is customary for transactions of this kind, the parties may elect to renegotiate certain terms during the diligence period and to amend the framework agreement accordingly. The Agreement also contemplates that the form of the leaseback agreement and various other operational and economic terms are still to be agreed between the parties and are therefore at a preliminary stage. As a result, there can be no assurance that the Agreement will ultimately result in any transaction.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:
This Current Report on Form 8-K contains statements that are "forward-looking" and provide other than historical information, including statements regarding the Agreement, the ability to negotiate a leaseback agreement, any impact on FMC's research operations, and the expected timing of and proceeds from the transaction.
In some cases, FMC has identified these forward-looking statements by such words or phrases as "outlook," "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (the "2025 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2025 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the SEC. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.
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