[8-K] AGCO CORP /DE Reports Material Event

Rhea-AI Filing Summary

AGCO Corporation completed the previously disclosed sale of its ownership interest in TAFE on September 30, 2025 under a Buyback Agreement dated June 30, 2025. The aggregate sale price was $260 million, producing approximately $230 million in after-tax proceeds. As part of the sale process, several substantive provisions of agreements entered on June 30, 2025 became effective and AGCO's Letter Agreement with TAFE dated April 24, 2019 (most recently amended July 7, 2025) expired.

The Buyback Agreement description is qualified by the complete agreement, which was filed as Exhibit 10.5 to AGCO's Current Report filed July 1, 2025, and a press release announcing completion was attached as Exhibit 99.1 to this filing.

Positive

• $260 million aggregate sale price realized
• Approximately $230 million in after-tax proceeds, increasing company liquidity
• Transaction closed and related agreements became effective, providing contractual certainty

Negative

• Filing does not disclose use of proceeds or detailed financial statement impact
• No information provided on gain or loss recognized from the sale
• Limited detail on any ongoing commercial or strategic relationship post-sale

Insights

Financial Analyst

TL;DR: AGCO monetized its TAFE stake for $260M, netting ~$230M after tax, converting an ownership position into cash.

The transaction is a clear liquidity event: AGCO received $260 million in gross proceeds and ~$230 million after tax. The filing confirms contractual transitions tied to agreements dated June 30, 2025 became effective and a prior Letter Agreement expired. The company incorporated the Buyback Agreement filed as Exhibit 10.5 and a press release as Exhibit 99.1 by reference, enabling investors to review full terms. The disclosure is factual and limited to the sale mechanics and exhibits; no additional financial statement detail or uses of proceeds are provided in this text.

M&A Specialist

TL;DR: The buyback closed under a June 30, 2025 agreement, returning ownership to TAFE and terminating prior letter terms.

The filing documents the contractual close of a negotiated buyback: substantive provisions of agreements signed June 30, 2025 took effect at closing and a previously amended Letter Agreement expired as of the transaction. The company points readers to the full Buyback Agreement (Exhibit 10.5) and the announcing press release (Exhibit 99.1) for detailed terms. The disclosure is concise and focuses on execution and exhibit incorporation rather than strategic rationale or accounting effects.

0000880266falseAGCO CORP /DE00008802662025-09-302025-09-30

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

September 30, 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 8.01.    Other Events.

On September 30, 2025, AGCO Corporation (“AGCO”) completed the previously disclosed sale to Tractors and Farm Equipment Limited (“TAFE”) of AGCO’s ownership interest in TAFE, pursuant to a Buyback Agreement (the “Buyback Agreement”) entered into on June 30, 2025, for an aggregate amount of $260 million, with after-tax proceeds from the sale totaling approximately $230 million.

As part of the sale process, the substantive provisions of several previously disclosed agreements AGCO entered into with TAFE on June 30, 2025 became effective, and the Letter Agreement between AGCO and TAFE dated April 24, 2019, as most recently amended on July 7, 2025, expired.

The foregoing description of the Buyback Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Buyback Agreement. A copy of the Buyback Agreement was filed as Exhibit 10.5 to the Current Report on Form 8-K filed by AGCO on July 1, 2025 and is, along with the description of the same contained in Item 1.01 of such 8-K, incorporated herein by reference.

A copy of the press release announcing the completion of the sale is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
99.1						Press Release issued September 30, 2025 by AGCO Corporation
104						Cover Page Interactive Data File - the cover page from this current report on Form 8-K is formatted in Inline XBRL.

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.

AGCO Corporation
By:			/s/ Damon Audia
			Damon Audia Senior Vice President and Chief Financial Officer

Dated: September 30, 2025

FAQ

What did AGCO (AGCO) sell to TAFE?

AGCO sold its ownership interest in TAFE pursuant to a Buyback Agreement dated June 30, 2025 and the sale closed on September 30, 2025.

How much did AGCO receive from the TAFE sale?

The aggregate sale price was $260 million, with after-tax proceeds of approximately $230 million.

Where can I find the full Buyback Agreement terms?

The Buyback Agreement was filed as Exhibit 10.5 to AGCO's Current Report filed July 1, 2025 and is incorporated by reference in this filing.

Did any prior agreement between AGCO and TAFE change because of the sale?

Yes; several substantive provisions of agreements dated June 30, 2025 became effective at closing and the Letter Agreement dated April 24, 2019 (most recently amended July 7, 2025) expired.

Is there a press release about the transaction?

Yes; AGCO attached a press release announcing the completion of the sale as Exhibit 99.1, which is incorporated by reference.