Lindsay Corp CFO Departs; Interim Appointed, New Directors Elected
Ticker: LNN · Form: 8-K · Filed: Oct 25, 2024 · CIK: 836157
Sentiment: neutral
Topics: management-change, board-election, cfo-departure
TL;DR
Lindsay Corp CFO out, interim in. Two new board members added.
AI Summary
Lindsay Corporation announced on October 23, 2024, the departure of its Chief Financial Officer, Scott D. Frederick, effective October 25, 2024. The company has appointed Randy L. Petersen as interim CFO. Additionally, the company elected two new directors, David R. Geren and Mark J. Thimm, to its Board of Directors.
Why It Matters
Changes in key financial and leadership roles can signal shifts in company strategy or financial oversight, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in CFO and board composition can introduce uncertainty regarding future financial strategy and governance.
Key Players & Entities
- Lindsay Corporation (company) — Registrant
- Scott D. Frederick (person) — Departing Chief Financial Officer
- October 25, 2024 (date) — Effective date of CFO departure
- Randy L. Petersen (person) — Appointed Interim Chief Financial Officer
- David R. Geren (person) — Elected Director
- Mark J. Thimm (person) — Elected Director
- October 23, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the interim Chief Financial Officer of Lindsay Corporation?
Randy L. Petersen has been appointed as the interim Chief Financial Officer.
When is Scott D. Frederick's departure as CFO effective?
Scott D. Frederick's departure is effective October 25, 2024.
How many new directors were elected to Lindsay Corporation's Board?
Two new directors, David R. Geren and Mark J. Thimm, were elected.
What is Lindsay Corporation's principal executive office address?
The principal executive offices are located at 18135 Burke Street, Suite 100, Omaha, Nebraska, 68022.
What is the Commission File Number for Lindsay Corporation?
The Commission File Number for Lindsay Corporation is 001-13419.
Filing Stats: 606 words · 2 min read · ~2 pages · Grade level 14.4 · Accepted 2024-10-25 06:45:09
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 par value LNN New York Stock Exchan
Filing Documents
- lnn-20241023.htm (8-K) — 38KB
- 0000950170-24-117203.txt ( ) — 148KB
- lnn-20241023.xsd (EX-101.SCH) — 24KB
- lnn-20241023_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. 104 Cover Page Interactive Data File (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 hereunto duly authorized. LINDSAY CORPORATION Date: October 25, 2024 By: /s/ Brian L. Ketcham Brian L. Ketcham, Senior Vice President and Chief Financial Officer