AGCO Corp DEF 14A: Executive Compensation Details
Ticker: AGCO · Form: DEF 14A · Filed: 2024-03-25T00:00:00.000Z
Sentiment: neutral
Topics: executive-compensation, DEF 14A, equity-awards
TL;DR
AGCO's 2023 exec pay details are out - equity awards, pension changes, and more for PEOs and others.
AI Summary
AGCO Corporation filed a DEF 14A on March 25, 2024, detailing executive compensation for the fiscal year ending December 31, 2023. The filing includes information on equity awards granted and reported values for both PEO (Principal Executive Officer) and Non-PEO/Neo members, with specific data points for pension value changes and service costs.
Why It Matters
This filing provides transparency into how AGCO compensates its top executives, which can influence investor perception and executive decision-making.
Risk Assessment
Risk Level: low — This is a routine filing providing details on executive compensation and does not inherently signal new risks.
Key Players & Entities
- AGCO CORP /DE (company) — Filer
- 0000880266-24-000021 (filing_id) — Accession Number
- 20240325 (date) — Filing Date
- 2023-12-31 (date) — Fiscal Year End
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose of this DEF 14A filing is to provide detailed information regarding AGCO Corporation's executive compensation for the fiscal year ending December 31, 2023.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on March 25, 2024.
What specific compensation elements are detailed in the filing?
The filing details elements such as changes in pension value, pension adjustments for service cost, equity awards reported, and equity awards granted during the year (both vested and unvested) for PEO and Non-PEO/Neo members.
Who are the primary groups of individuals for whom compensation data is provided?
Compensation data is provided for PEO (Principal Executive Officer) members and Non-PEO/Neo members.
What is AGCO Corporation's Standard Industrial Classification (SIC) code?
AGCO Corporation's Standard Industrial Classification (SIC) code is 3523, which corresponds to FARM MACHINERY & EQUIPMENT.
From the Filing
0000880266-24-000021.txt : 20240325 0000880266-24-000021.hdr.sgml : 20240325 20240325083204 ACCESSION NUMBER: 0000880266-24-000021 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 68 CONFORMED PERIOD OF REPORT: 20240425 FILED AS OF DATE: 20240325 DATE AS OF CHANGE: 20240325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGCO CORP /DE CENTRAL INDEX KEY: 0000880266 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 581960019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-12930 FILM NUMBER: 24776980 BUSINESS ADDRESS: STREET 1: 4205 RIVER GREEN PKWAY CITY: DULUTH STATE: GA ZIP: 30096 BUSINESS PHONE: 7708139200 MAIL ADDRESS: STREET 1: 4205 RIVER GREEN PARKWAY CITY: DULUTH STATE: GA ZIP: 30096 DEF 14A 1 agco-20240319.htm DEF 14A agco-20240319 AGCO CORP /DE 0000880266 DEF 14A false 0000880266 2023-01-01 2023-12-31 iso4217:USD xbrli:pure 0000880266 2022-01-01 2022-12-31 0000880266 2021-01-01 2021-12-31 0000880266 2020-01-01 2020-12-31 0000880266 1 2023-01-01 2023-12-31 0000880266 agco:ChangeInPensionValueMember ecd:PeoMember 2023-01-01 2023-12-31 0000880266 agco:ChangeInPensionValueMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000880266 agco:PensionAdjustmentsServiceCostMember ecd:PeoMember 2023-01-01 2023-12-31 0000880266 agco:PensionAdjustmentsServiceCostMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000880266 ecd:PeoMember agco:EquityAwardsReportedValueMember 2023-01-01 2023-12-31 0000880266 agco:EquityAwardsReportedValueMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000880266 ecd:PeoMember agco:EquityAwardsGrantedDuringTheYearUnvestedMember 2023-01-01 2023-12-31 0000880266 ecd:NonPeoNeoMember agco:EquityAwardsGrantedDuringTheYearUnvestedMember 2023-01-01 2023-12-31 0000880266 ecd:PeoMember agco:EquityAwardsGrantedInPriorYearsUnvestedMember 2023-01-01 2023-12-31 0000880266 agco:EquityAwardsGrantedInPriorYearsUnvestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000880266 ecd:PeoMember agco:EquityAwardsGrantedDuringTheYearVestedMember 2023-01-01 2023-12-31 0000880266 agco:EquityAwardsGrantedDuringTheYearVestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000880266 ecd:PeoMember agco:EquityAwardsGrantedInPriorYearsVestedMember 2023-01-01 2023-12-31 0000880266 agco:EquityAwardsGrantedInPriorYearsVestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000880266 ecd:PeoMember agco:EquityAwardsThatFailedToMeetVestingConditionsMember 2023-01-01 2023-12-31 0000880266 agco:EquityAwardsThatFailedToMeetVestingConditionsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000880266 2 2023-01-01 2023-12-31 0000880266 3 2023-01-01 2023-12-31 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) ☑ Filed by the Registrant ☐ Filed by a party other than the Registrant CHECK THE APPROPRIATE BOX: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☑ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material under §240.14a-12 AGCO CORPORATION (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): ☑ No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Table of Contents Notice of Annual Meeting of Stockholders TIME AND DATE 9:00 a.m., Eastern Time, on Thursday, April 25, 2024 PLACE AGCO Corporation, 4205 River Green Parkway, Duluth, Georgia 30096 RECORD DATE Only stockholders of record as of the close of business on March 15, 2024 are entitled to notic