ITEM 5.04. TEMPORARY SUSPENSION OF TRADING UNDER REGISTRANT'S EMPLOYEE BENEFIT PLANSFMC Corporation (the "Company") maintains the FMC Corporation Savings and Investment Plan (the "Plan"). One of the investment alternatives for participants in the Plan is theFMC Stock Fund , through which participants may invest a portion of their Plan account balance in FMC common stock. EffectiveMarch 1, 2017 , theFMC Stock Fund was closed to new contributions and participants' investment in theFMC Stock Fund was limited to no more than 20% of their total Plan account balance (subject to certain grandfathering rules). A significant number of former employees ("Inactive Participants") maintain Plan account balances with holdings in theFMC Stock Fund that exceed 20% of their total account balance. In order to promote diversification and help reduce risk for such Inactive Participants whose holdings in theFMC Stock Fund exceed 20% of their account balance as ofMarch 4, 2022 ("Affected Participants"), the Plan administrator will liquidate a portion of the Affected Participant'sFMC Stock Fund holdings so as to reduce such holdings to not more than 20% of the Affected Participant's total Plan account balance. The proceeds from such sale will be invested in the investment option designated by the Plan Administrator as the qualified default investment alternative. Affected Participants have the opportunity to reduce theirFMC Stock Fund holdings in their Plan accounts to below the 20% cap before the deadline through voluntary self-directed transactions under the Plan. As a result of the implementation of this risk reduction program, there will be a blackout period in which Affected Participants and their beneficiaries temporarily will be unable to obtain a loan or distribution or direct or diversify their Plan investments in theFMC Stock Fund under the Plan. This period of restriction is necessary in order to enable the Plan administrator to liquidate holdings in theFMC Stock Fund to not more than 20% of any Affected Participant's total Plan balance. The blackout period will begin at4:00 p.m. Eastern time onMarch 7, 2022 and is expected to end during the week ofMarch 13, 2022 (the "Blackout Period"). OnJanuary 31, 2022 , the Plan administrator distributed a notice to Inactive Participants and their beneficiaries (the "ERISA Blackout Period Notice") describing the Blackout Period restrictions, as required by Section 101(i)(2)(B) of the Employee Retirement Income Security Act of 1974, as amended. The foregoing description of the ERISA Blackout Period Notice does not purport to be complete and is qualified in its entirety by reference to the complete text of the ERISA Blackout Period Notice, which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. During the Blackout Period and for a period of two years after the ending date of the Blackout Period, security holders or other interested persons may obtain, without charge, information about the actual beginning and ending dates of the Blackout Period and other information regarding the Blackout Period by contacting FMC's Executive Vice President, General Counsel and Secretary, by telephone at (215) 299-6000, or in writing atFMC Corporation ,2929 Walnut Street ,Philadelphia, Pennsylvania 19104.
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