AGCO Corp Announces Executive and Director Changes

Ticker: AGCO · Form: 8-K · Filed: 2024-05-16T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-appointments, compensation

TL;DR

AGCO Corp reshuffles execs and board members, check the filing for new appointments and pay details.

AI Summary

On May 16, 2024, AGCO Corporation filed an 8-K report detailing changes in its executive and director positions. The report includes the appointment of new officers and directors, as well as information regarding compensatory arrangements for certain executives. Specific details on the individuals appointed and the terms of their compensation are outlined within the filing.

Why It Matters

Changes in executive and director roles can signal shifts in company strategy, governance, or operational focus, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Executive and director changes can introduce uncertainty regarding future strategy and leadership effectiveness.

Key Numbers

Key Players & Entities

FAQ

What specific roles have been filled or changed within AGCO Corporation's executive team?

The filing indicates changes in 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' suggesting new appointments and potential departures, though specific names and roles are detailed within the full document.

When was the earliest event reported in this 8-K filing?

The earliest event reported is dated May 16, 2024.

What is AGCO Corporation's state of incorporation?

AGCO Corporation is incorporated in Delaware.

What is the primary business address of AGCO Corporation?

The primary business address is 4205 River Green Parkway, Duluth, Georgia 30096.

Does this filing address any compensatory arrangements for officers?

Yes, the filing explicitly mentions 'Compensatory Arrangements of Certain Officers' as an item covered.

From the Filing

0000880266-24-000041.txt : 20240516 0000880266-24-000041.hdr.sgml : 20240516 20240516160128 ACCESSION NUMBER: 0000880266-24-000041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240516 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240516 DATE AS OF CHANGE: 20240516 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12930 FILM NUMBER: 24955373 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 8-K 1 agco-20240516.htm 8-K agco-20240516 0000880266 false AGCO CORP /DE 0000880266 2024-05-16 2024-05-16 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 May 16, 2024 Date of Report (Date of earliest event reported) AGCO CORPORATION (Exact name of Registrant as specified in its charter) Delaware 001-12930 58-1960019 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 4205 River Green Parkway Duluth , Georgia 30096 (Address of principal executive offices, including Zip Code) 770 813-9200 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act Title of Class Trading Symbol Name of exchange on which registered Common stock AGCO New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 16, 2024, AGCO Corporation (the “Company”) reported that Indira Agarwal was appointed Vice President and Chief Accounting Officer of the Company, effective June 17, 2024 (the “Effective Date”). Ms. Agarwal, age 48, will also serve as Principal Accounting Officer of the Company beginning on the Effective Date, succeeding Damon Audia who has served in that role since September 2023. Mr. Audia will continue to serve in his role as Senior Vice President and Chief Financial Officer. Ms. Agarwal joins the Company from HF Sinclair Corporation where she served as Vice President, Chief Accounting Officer and Controller since May 2020 and Director, Consolidations and SEC Reporting from April 2018 to May 2020. Prior to such time, Ms. Agarwal held roles of

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