SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) January 12, 1999 THE ANDERSONS, INC. (Exact name of registrant as specified in its charter) OHIO 34-1562374 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 480 W. Dussel Drive, Maumee, Ohio 43537 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (419) 893-5050 Item 5: The following press release was issued on January 12, 1999: The Andersons, Inc. 480 W. Dussel Drive Maumee, Ohio 43537 AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD: Gary Smith Marilyn Windsor Lisa Fortuna 419-891-6417 312-640-6692 312-640-6779 FOR IMMEDIATE RELEASE JANUARY 12, 1999 THE ANDERSONS, INC. ANNOUNCES SETTLEMENT MAUMEE, Ohio, January 12, 1999-The Andersons, Inc. (Nasdaq: ANDE) today announced a settlement with the Commodity Futures Trading Commission (CFTC) related to its review of The Andersons' grain contracting activity. Under the settlement, The Andersons neither admitted nor denied the CFTC's findings. At issue were two types of grain contracts that have not been offered since late in 1995. According to Mike Anderson, president and chief executive officer of The Andersons, "The settlement was a business decision in which the time, money and distraction that would have been invested in defending our position had to be weighed against a settlement in which we neither confirm nor deny the CFTC's findings. We agreed to a settlement of $200,000. The payment will not have a material effect on our financial condition." Anderson added, "It is good to have this review behind us. The settlement does not affect our current grain marketing program. We look forward to providing continued leadership in grain marketing services to our customers as well as providing additional services to the agricultural community." The Andersons is a respected leader in grain merchandising. Building upon its basic business, the company has diversified into other agribusiness operations, several processing and manufacturing businesses, and general merchandise retailing. The company was founded in 1947. This release contains forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially, including, without limitation, risk factors set forth from time to time in the company's filings with the Securities and Exchange Commission. For further information regarding The Andersons free of charge via fax dial 1-800-PRO-INFO and enter company code "ANDE." The Andersons, Inc. can be reached on the Internet at www.andersonsinc.com 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 Andersons, Inc. Date: January 14, 1999 By: /s/Michael J. Anderson Michael J. Anderson President and Chief Executive Officer