STOCK TITAN

Farmer Mac (NYSE: AGM) modernizes by-laws for remote meetings and governance

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Federal Agricultural Mortgage Corporation updated its by-laws after Board approval on January 27, 2026. The revisions mainly modernize governance and administrative procedures rather than changing the core business.

Key changes include allowing the Board to approve a person to act as Treasurer, permitting shareholder and Board meetings by remote communication with electronic notices, and clarifying quorum standards. The by-laws also address uncertificated, book-entry shares maintained by the transfer agent, refine language around loans and other indebtedness, and update provisions for Board standing committees and committee chairs. Overall, the amendments focus on remote-meeting flexibility, clearer voting procedures, and technical clean-up of existing rules.

Positive

  • None.

Negative

  • None.
0000845877falseX112/3100008458772026-01-272026-01-270000845877us-gaap:CommonClassAMember2026-01-272026-01-270000845877us-gaap:CommonClassCMember2026-01-272026-01-270000845877us-gaap:SeriesDPreferredStockMember2026-01-272026-01-270000845877us-gaap:SeriesEPreferredStockMember2026-01-272026-01-270000845877us-gaap:SeriesFPreferredStockMember2026-01-272026-01-270000845877us-gaap:SeriesGPreferredStockMember2026-01-272026-01-270000845877us-gaap:SeriesHPreferredStockMember2026-01-272026-01-27

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

Date of Report (Date of earliest event reported): January 27, 2026

FEDERAL AGRICULTURAL MORTGAGE CORPORATION
(Exact name of registrant as specified in its charter)
Federally chartered instrumentality
of the United States
001-1495152-1578738
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer Identification No.)
2100 Pennsylvania Avenue, N.W., Suite 450N, 20037
Washington,DC
(Address of Principal Executive Offices)(Zip Code)
Registrant’s telephone number, including area code (202) 872-7700
No change
(Former name or former address, if changed since last report) 

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 (see General Instruction A.2. below):
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 each classTrading symbol Exchange on which registered
Class A voting common stockAGM.A New York Stock Exchange
Class C non-voting common stockAGM New York Stock Exchange
5.700% Non-Cumulative Preferred Stock, Series DAGM.PRDNew York Stock Exchange
5.750% Non-Cumulative Preferred Stock, Series EAGM.PRENew York Stock Exchange
5.250% Non-Cumulative Preferred Stock, Series FAGM.PRFNew York Stock Exchange
4.875% Non-Cumulative Preferred Stock, Series GAGM.PRGNew York Stock Exchange
6.500% Non-Cumulative Preferred Stock, Series HAGM.PRHNew 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On January 27, 2026, the Board of Directors (“Board”) of the Federal Agricultural Mortgage Corporation (“Farmer Mac”) amended and restated Farmer Mac’s by-laws (“By-Laws”). The By-Laws amend Farmer Mac's prior by-laws, dated May 15, 2025, as described below:

Article III (Officers and Employees): Article III of the By-Laws was amended to authorize the Board to approve a person to act as Treasurer.

Article IV (Meetings of Shareholders): Article IV of the By-Laws was amended to authorize shareholder meetings to be held by means of remote communication, electronic notices to shareholders, remote availability of voting lists, and to require an Inspector of Votes affirmation of impartiality.

Article V (Board of Directors): Article V of the By-Laws was amended to authorize Board meetings to be held by means of remote communication and electronic notice of meetings, to clarify the standard for determining a quorum; to update the language regarding the Board’s authority to stand committees and the appointment of chairs for standing committees.

Article VII (Certificates for Shares and Their Shares): Article VII of the By-Laws was amended to clarify language relating to uncertificated shares evidenced by a book-entry maintained by the transfer agent.

Article IX (Contracts, Loans Checks, Deposits and Statements): Article IX of the By-Laws was amended to clarify language related to loans and other indebtedness and to add authorizing language for a person approved by the Board to act as Treasurer.

Additionally, the By-Laws modernize various administrative provisions, as well as make clarifying, conforming, or technical revisions. The foregoing summary of the amendments to the By-Laws does not purport to be complete and is qualified in its entirety by reference to the complete text of the By-Laws, which is filed as Exhibit 3.1 to this report and incorporated by reference into this report in its entirety.


Item 9.01    Financial Statements and Exhibits.

(d)    Exhibits

3.1    By-Laws of the Federal Agricultural Mortgage Corporation, as amended and restated by the Board                             
of Directors through January 27, 2026.

104    Cover Page Inline Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document included as Exhibit 101



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 thereunto duly authorized.



FEDERAL AGRICULTURAL MORTGAGE CORPORATION                    


By: /s/ Geraldine I. Hayhurst            
Name: Geraldine I. Hayhurst
Title: Executive Vice President – Chief Legal Officer

Dated: February 2, 2026


FAQ

What did Federal Agricultural Mortgage Corporation (AGM) change in its by-laws?

Federal Agricultural Mortgage Corporation amended and restated its by-laws to modernize governance procedures. Changes include remote shareholder and Board meetings, electronic notices, clarified quorum standards, updated committee authorities, and refined rules on uncertificated shares, loans, and indebtedness, mainly improving clarity and administrative flexibility.

When did AGMs Board approve the new by-laws?

AGMs Board of Directors approved the amended and restated by-laws on January 27, 2026. This date marks when the updated governance provisions, including remote meeting capabilities and clarified officer roles, were formally adopted by the Board for the corporation.

How do the amended by-laws affect AGM shareholder meetings?

The amended by-laws allow AGM shareholder meetings to be held by remote communication, with electronic notices and remote availability of voting lists. They also require an Inspector of Votes to affirm impartiality, strengthening procedural integrity for shareholder voting and meeting administration.

What governance changes did AGM make for its Board of Directors?

AGM updated by-law Article V to permit Board meetings by remote communication, allow electronic notice of meetings, clarify the standard for determining a quorum, and update language on creating standing committees and appointing their chairs, refining how the Board organizes and conducts its business.

How did AGMs by-laws change regarding officers and the Treasurer role?

The by-laws now authorize the Board to approve a person to act as Treasurer, explicitly adding this role to the officer framework. Article IX also adds authorizing language for a Board-approved Treasurer related to loans and other indebtedness management within the corporation.

What did AGM clarify about its shares and book-entry records?

Article VII was amended to clarify language about uncertificated shares evidenced by book-entry records maintained by the transfer agent. This confirms how ownership is recorded without paper certificates, aligning corporate records with modern electronic share registration practices.
Federal Agric Mtg Corp

NYSE:AGM

AGM Rankings

AGM Latest News

AGM Latest SEC Filings

AGM Stock Data

1.85B
10.19M
1.21%
84.18%
1.99%
Credit Services
Federal & Federally-sponsored Credit Agencies
Link
United States
WASHINGTON