AGM Elects New Director
Ticker: AGM-PH · Form: 8-K · Filed: Sep 30, 2025 · CIK: 845877
| Field | Detail |
|---|---|
| Company | Federal Agricultural Mortgage Corp (AGM-PH) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2025 |
| Risk Level | low |
| Pages | 11 |
| Reading Time | 13 min |
| Key Dollar Amounts | $200,000, $400,000, $1,500,000, $575,000, $475,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, governance, appointment
Related Tickers: AGM
TL;DR
AGM adds Robert L. Dixon to its board, effective 9/25/25.
AI Summary
Federal Agricultural Mortgage Corporation (AGM) reported on September 25, 2025, that its Board of Directors elected a new Class B Director, Mr. Robert L. Dixon, effective immediately. Mr. Dixon's appointment fills a vacancy and is part of the company's ongoing governance.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing is a routine corporate governance update regarding a director appointment, with no immediate financial implications.
Key Players & Entities
- FEDERAL AGRICULTURAL MORTGAGE CORP (company) — Registrant
- Robert L. Dixon (person) — Newly elected Class B Director
- September 25, 2025 (date) — Effective date of director election
FAQ
Who was elected to the Board of Directors?
Mr. Robert L. Dixon was elected to the Board of Directors.
What class of director was Mr. Dixon elected as?
Mr. Dixon was elected as a Class B Director.
When was the election of Mr. Dixon effective?
The election of Mr. Dixon was effective immediately as of September 25, 2025.
Why was a new director elected?
Mr. Dixon's election was to fill a vacancy on the Board of Directors.
What is the company's ticker symbol?
The filing does not explicitly state the ticker symbol, but the company name is FEDERAL AGRICULTURAL MORTGAGE CORP.
Filing Stats: 3,303 words · 13 min read · ~11 pages · Grade level 11.4 · Accepted 2025-09-30 16:18:04
Key Financial Figures
- $200,000 — paid a fixed incentive salary equal to $200,000. The New Amendment also provides that,
- $400,000 — applicable) will be the greater of: (a) $400,000; and (b) his incentive salary target
- $1,500,000 — ng common stock valued at approximately $1,500,000 under the terms of Farmer Mac's Amended
- $575,000 — n increase in his annual base salary to $575,000, effective September 25, 2025. Mr. Carp
- $475,000 — ue of that award shall not be less than $475,000. Except as set forth above, the terms a
- $650,000 — base salary will be the greater of: (1) $650,000; and (2) Mr. Carpenter's then-current a
- $75,000 — ediately before the Effective Date plus $75,000. Mr. Carpenter's base salary will be re
Filing Documents
- agm-20250925.htm (8-K) — 65KB
- farmermac-secondamendmentt.htm (EX-10.1) — 36KB
- exhibit102carpenterceoempl.htm (EX-10.2) — 119KB
- 0000845877-25-000244.txt ( ) — 441KB
- agm-20250925.xsd (EX-101.SCH) — 2KB
- agm-20250925_def.xml (EX-101.DEF) — 18KB
- agm-20250925_lab.xml (EX-101.LAB) — 31KB
- agm-20250925_pre.xml (EX-101.PRE) — 19KB
- agm-20250925_htm.xml (XML) — 8KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 Second Amendment to Amended Employment Agreement between Farmer Mac and Bradford T. Nordholm dated September 25, 2025 10.2 Employment Agreement between Farmer Mac and Zachary N. Carpenter dated September 30, 2025 104 Cover Page Inline Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
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 thereunto duly authorized. FEDERAL AGRICULTURAL MORTGAGE CORPORATION By: /s/ Geraldine I. Hayhurst Name: Geraldine I. Hayhurst Title: Executive Vice President – Chief Legal Officer Dated: September 30, 2025