Form 8-K
8-K — MOSAIC CO
Accession: 0001285785-26-000058
Filed: 2026-04-08
Period: 2026-04-08
CIK: 0001285785
SIC: 2870 (AGRICULTURE CHEMICALS)
Item: Material Impairments
Documents
8-K — mos-20260408.htm (Primary)
EX-99.1 (pressrelease-exhibit991.htm)
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8-K
8-K (Primary)
Filename: mos-20260408.htm · Sequence: 1
mos-20260408
MOSAIC CO0001285785false00012857852024-06-062024-06-06
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 8, 2026
THE MOSAIC COMPANY
(Exact name of registrant as specified in its charter)
DE 001-32327 20-1026454
(State or other jurisdiction
of incorporation) (Commission
File Number) (IRS Employer
Identification No.)
101 East Kennedy Blvd.
33602
Suite 2500
Tampa,
FL
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (800) 918-8270
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
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):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per share MOS NYSE
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.06. Material Impairments.
On April 8, 2026, The Mosaic Company (the "Company") announced that it will begin the process of idling and demobilizing its Araxá Mining and Chemical Complex and idling related mining activities at the Patrocínio Complex in Brazil. (the "Araxá Idling"). The Company currently anticipates recording a pre-tax book impact of $350 to $400 million in the first quarter of 2026 with $275 to $300 million for the impairment on assets held for sale and other asset writeoffs and the balance related to severance, contract termination costs, and other idling costs, subject to final accounting determinations.
Furnished herewith as Exhibit 99.1 and incorporated by reference herein is the text of Mosaic's announcement regarding the Araxá Idling, as presented in a press release issue on April 8, 2026.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1
Press release, dated April 8, 2026 of The Mosaic Company
104 Cover Page Interactive Data File, formatted in Inline XBRL
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.
THE MOSAIC COMPANY
Date: April 8, 2026 By: /s/ Philip E. Bauer
Name: Philip E. Bauer
Title: Senior Vice President, General Counsel
and Corporate Secretary
EX-99.1
EX-99.1
Filename: pressrelease-exhibit991.htm · Sequence: 5
Document
Exhibit 99.1
The Mosaic Company
101 E. Kennedy Blvd., Suite 2500
Tampa, FL 33602
www.mosaicco.com
MOSAIC ANNOUNCES IDLING OF ARAXÁ AND PATROCÍNIO FACILITIES AND PURSUIT OF SALE OF ARAXÁ ASSETS
Tampa, FL – April 8, 2026 – As part of its efforts to reduce costs and redeploy capital, the Mosaic company today announced it will begin the process of idling and demobilizing its Araxá Mining and Chemical Complex and idling related mining activities at the Patrocínio Complex in Brazil. These actions will result in workforce reductions at both sites. All activities during the idling period will be conducted in full compliance with applicable safety, environmental, and tailings dam regulations.
In addition, Mosaic plans to pursue the sale of Araxá assets, while at the same time continuing development of the Niobium opportunity at Patrocínio. The company is nearing the completion of technical assessment work related to Niobium at Patrocínio, including sampling and analysis.
Mosaic expects idling of the facilities to reduce annual phosphate production at Mosaic Fertilizantes by approximately 1 million tonnes. The impact on adjusted EBITDA is expected to be limited amid elevated sulfur prices, excluding one-time closure costs. Following completion of a potential transaction, annual capital expenditure and operating expenses are expected to decline by approximately $20 to $30 million and $70 to $80 million, respectively. The company anticipates recording a pre-tax book impact of $350 to $400 million in the first quarter of 2026, with $275 to $300 million for the impairment on assets held for sale and other asset write-offs, and the balance related to severance, contract termination costs, and other idling costs, subject to final accounting determinations.
“We believe idling the facilities and pursing a potential sale is the right path forward.” said Bruce Bodine, President and Chief Executive Officer of Mosaic. “This decision reflects Mosaic’s continued focus on discipline around capital allocation and returns. We are grateful for our employees at both locations — their years of dedication to safety and contributions to helping the world grow the food it needs have been critical to our success.”
About The Mosaic Company
The Mosaic Company (NYSE: MOS) helps the world grow the food it needs. Headquartered in Tampa, Florida, Mosaic is a leading producer and marketer of potash and phosphate fertilizer which are essential inputs for the world’s farmers. Through the Mosaic Biosciences platform, the company is advancing the next generation of biological solutions designed to improve nutrient use efficiency, strengthen crop performance, and support more sustainable agricultural systems. As a Fortune 500 company with 13,000 employees serving customers in more than 40 countries, Mosaic is helping build resilient and productive food systems for the future. More information on the company is available at www.mosaicco.com.
Contacts:
Investors:
Jason Tremblay, 813-775-4282 jason.tremblay@mosaicco.com
Joan Tong, CFA, 863-640-0826
joan.tong@mosaicco.com
Media:
Ben Pratt, 813-775-4206
benjamin.pratt@mosaicco.com
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements regarding the idling and demobilization of Araxá Mining and Chemical Complex and related mining activities at the Patrocínio Complex in Brazil, workforce impacts, technical assessments related to identifying new minerals, potential asset sales, expected production levels, financial impacts, capital and operating cost reductions and anticipated non-cash charges. Forward-looking statements are based on the views and assumptions of management as of the date of this release. They are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to: market conditions, regulatory and environmental requirements, operational risks, commodity price volatility, labor matters, completion and timing of potential transactions, accounting determinations, and other risks and uncertainties described in the Mosaic Company’s reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements. The Mosaic Company assumes no obligation to update any forward-looking statements.
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