CTVA · 8-K · 20260915PR391369

Strategic Business Separation

Corteva, Inc. · 2026-09-15 · Importance 65 · Surprise 60 · In source text

Corteva’s Board approved the separation of its seed operating segment into Vylor Inc., a separate publicly traded company. Corteva declared a pro rata distribution of Vylor shares to Corteva stockholders of record on September 24, 2026, with distribution expected before 9:30 a.m. New York City time on October 1, 2026; each eligible stockholder is to receive one Vylor share for each Corteva share held. Vylor is expected to begin regular-way trading on the NYSE under “VYLR” on October 1, following when-issued trading from September 25 through September 30; the distribution is intended to be tax-free for U.S. federal income tax purposes, except for cash paid in lieu of fractional shares, and remains subject to customary conditions.

Key facts

• On September 14, 2026, Corteva’s Board approved the previously announced separation of Corteva into two independent, publicly traded companies by separating its seed operating segment into Vylor Inc. source
• Corteva declared a pro rata dividend of all issued and outstanding Vylor common shares to Corteva stockholders of record as of the close of business on September 24, 2026. source
• Each Corteva stockholder of record on September 24, 2026, will receive one Vylor common share for every Corteva common share held. source
• From September 25 through September 30, 2026, Corteva common stock is expected to trade on the NYSE in a regular-way market under CTVA with entitlement to Vylor shares and an ex-distribution market under CTVA WI without that entitlement. source
• On September 15, 2026, Corteva planned to introduce Vylor as its advanced seed and genetics business and a future standalone public company during its 9:00 AM EDT Investor Day webcast. source
• Corteva planned to present its future vision after the intended Vylor separation at 1:00 PM EDT on September 15, 2026. source
• Corteva stockholders entitled to fractional Vylor shares will receive cash in lieu of those shares. source
• The distribution is intended to be tax-free to Corteva stockholders for U.S. federal income tax purposes, except for cash received in lieu of fractional shares. source

Impact estimates