AGCO Corp Board Changes: Two Directors Depart, Two New Ones Elected
Ticker: AGCO · Form: 8-K · Filed: 2025-02-12T00:00:00.000Z
Sentiment: neutral
Topics: board-composition, director-changes
TL;DR
AGCO's board is shuffling: Collar & Kent out, Hansen & Johnson in, effective immediately.
AI Summary
AGCO Corporation announced on February 7, 2025, the departure of two directors, Gary L. Collar and E. Robert Kent, effective immediately. The company also announced the election of two new directors, Steven M. Hansen and David E. Johnson, to its Board of Directors, also effective immediately. These changes are part of the company's regular board refreshment process.
Why It Matters
Changes to a company's board of directors can signal shifts in strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — This filing reports routine changes in board composition, which typically carry low immediate risk.
Key Players & Entities
- AGCO Corporation (company) — Registrant
- Gary L. Collar (person) — Departing Director
- E. Robert Kent (person) — Departing Director
- Steven M. Hansen (person) — Newly Elected Director
- David E. Johnson (person) — Newly Elected Director
- Delaware (location) — State of incorporation
- Duluth, Georgia (location) — Principal executive offices
FAQ
Who has departed from AGCO Corporation's Board of Directors?
Gary L. Collar and E. Robert Kent have departed from AGCO Corporation's Board of Directors.
When were the director changes effective?
The changes, including the departure of Gary L. Collar and E. Robert Kent and the election of Steven M. Hansen and David E. Johnson, were effective immediately as of February 7, 2025.
Who are the newly elected directors at AGCO Corporation?
Steven M. Hansen and David E. Johnson have been elected as new directors to AGCO Corporation's Board of Directors.
What is AGCO Corporation's state of incorporation?
AGCO Corporation is incorporated in Delaware.
What is the principal executive office address for AGCO Corporation?
The principal executive offices of AGCO Corporation are located at 4205 River Green Parkway, Duluth, Georgia 30096.
From the Filing
0000880266-25-000006.txt : 20250212 0000880266-25-000006.hdr.sgml : 20250212 20250212164011 ACCESSION NUMBER: 0000880266-25-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250207 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: 20250212 DATE AS OF CHANGE: 20250212 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: 25615472 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-20250207.htm 8-K agco-20250207 0000880266 false AGCO CORP /DE 0000880266 2025-02-07 2025-02-07 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 February 7, 2025 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 February 7, 2025, the Board of Directors of AGCO Corporation (the “Company”) voted to increase the size of the Board to eleven directors (until the 2025 Annual Meeting of Stockholders) and appointed Zhanna Golodryga to the Board, effective as of April 1, 2025, to serve for an initial term expiring at the 2025 Annual Meeting. Ms. Golodryga is Executive Vice President of Emerging Energy and Sustainability for Phillips 66, a leading integrated downstream energy, manufacturing and logistics company. Ms. Golodryga is responsible for driving Energy Transition and Decarbonization across the enterprise. She has held senior roles at Phillips 66 since 2017. In her previous role as the Senior Vice President, Chief Di