AGCO Corp Announces Board Changes and Executive Compensation Details

Ticker: AGCO · Form: 8-K · Filed: 2024-12-11T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

TL;DR

AGCO adds two directors to the board, effective Dec 10th.

AI Summary

AGCO Corporation announced on December 10, 2024, changes in its executive team and board of directors. Key appointments include the election of two new directors, Ms. Pamela J. Craig and Mr. David L. Johnson, to the Board, effective immediately. Additionally, the company reported on compensatory arrangements for its named executive officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.

Risk Assessment

Risk Level: low — The filing primarily concerns routine board and executive changes, with no immediate financial distress or significant operational shifts indicated.

Key Players & Entities

FAQ

Who were the new directors elected to AGCO Corporation's Board?

Ms. Pamela J. Craig and Mr. David L. Johnson were elected as new directors to AGCO Corporation's Board.

When were the new directors elected?

The new directors were elected effective December 10, 2024.

What other information is reported in this 8-K filing?

This filing also reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.

What is AGCO Corporation's principal executive office address?

AGCO Corporation's principal executive offices are located at 4205 River Green Parkway, Duluth, Georgia 30096.

What is AGCO Corporation's fiscal year end?

AGCO Corporation's fiscal year ends on December 31.

From the Filing

0000880266-24-000064.txt : 20241211 0000880266-24-000064.hdr.sgml : 20241211 20241210180158 ACCESSION NUMBER: 0000880266-24-000064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241210 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241211 DATE AS OF CHANGE: 20241210 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: 241539614 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-20241210.htm 8-K agco-20241210 0000880266 false AGCO CORP /DE 0000880266 2024-12-10 2024-12-10 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 December 10, 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 December 10, 2024, AGCO Corporation (the “Company”) announced that effective December 31, 2024, Robert B. Crain would be retiring from the Company. Mr. Crain serves as Senior Vice President and General Manager, Grain & Protein and has been with the Company since 2006. A copy of the Company’s press release dated December 10, 2024, announcing Mr. Crain’s retirement is included as Exhibit 99.1 to this Current Report on Form 8-K. Item 9.01.    Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated December 10, 2024 104 Cover Page Interactive Data File - the cover page from this current report on Form 8-K is formatted in Inline XBRL. SI

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