Farmer Mac (AGM) names new COO Robert Maines and EVP Chief Business Officer Nader Pasdar
Rhea-AI Filing Summary
Federal Agricultural Mortgage Corporation (Farmer Mac) reported leadership changes and related compensation updates. The Board appointed Robert J. Maines as Executive Vice President – Chief Operations Officer, effective August 17, 2026. Maines has served in senior operations and risk roles at Farmer Mac since 2018 and has over 30 years of financial services experience. His annual salary will increase to $440,000 as of the effective date, and he will be considered in 2027 for equity-based long-term incentive awards with a target value of at least $225,000, and will be eligible under Farmer Mac’s executive severance plan.
Farmer Mac also announced the appointment of Nader Pasdar as Executive Vice President – Chief Business Officer, starting August 17, 2026, reporting to President and CEO Zachary N. Carpenter. Pasdar brings more than 25 years of experience in agricultural finance and capital markets, including senior leadership roles at Rabobank and Rabo Securities, and a background in loan syndications and agribusiness capital markets.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Effective date of appointments: August 17, 2026
Annual base salary for COO: $440,000
Target long-term incentive value: $225,000
+2 more
5 metrics
Effective date of appointments
August 17, 2026
Start date for Robert J. Maines as COO and Nader Pasdar as Chief Business Officer
Annual base salary for COO
$440,000
Annual salary for Robert J. Maines as Executive Vice President – Chief Operations Officer from the Effective Date
Target long-term incentive value
$225,000
Minimum target value of 2027 equity-based long-term incentive award for Robert J. Maines
Experience of Nader Pasdar
More than 25 years
Experience in agricultural finance, lending, capital markets, and business leadership
Experience of Robert J. Maines
Over 30 years
Experience in financial services in executive positions
Key Terms
Executive Vice President – Chief Operations Officer, Executive Vice President – Chief Business Officer, Regulation FD Disclosure, executive severance plan, +1 more
5 terms
Executive Vice President – Chief Operations Officer financial
"appointed Robert J. Maines to serve as Farmer Mac’s Executive Vice President – Chief Operations Officer"
Executive Vice President – Chief Business Officer financial
"announced the appointment of Nader Pasdar as its Executive Vice President – Chief Business Officer"
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
executive severance plan financial
"Mr. Maines will be eligible to participate in Farmer Mac’s amended and restated executive severance plan."
Non-Cumulative Preferred Stock financial
"5.700% Non-Cumulative Preferred Stock, Series D"
Preferred stock that pays a fixed dividend but does not require the company to make up missed payments later; if a dividend is skipped, shareholders lose that income permanently rather than accumulating a balance the company must repay. Investors care because this structure offers higher priority than common shares for payouts but less protection for dividend income, so it’s a trade-off between steady yield and the risk of permanent missed payments.
FAQ
What leadership changes did Farmer Mac (AGM) disclose in this 8-K?
Farmer Mac disclosed two leadership appointments: Robert J. Maines as Executive Vice President – Chief Operations Officer and Nader Pasdar as Executive Vice President – Chief Business Officer, both effective August 17, 2026. Pasdar will report directly to President and CEO Zachary N. Carpenter.
What is the new salary for Robert J. Maines at Farmer Mac (AGM)?
Robert J. Maines will receive an annual salary of $440,000 as Executive Vice President – Chief Operations Officer, effective August 17, 2026. This increase was approved by the Board in connection with his promotion from Senior Vice President – Operations.
What long-term incentive compensation will Robert J. Maines be eligible for at AGM?
Robert J. Maines will be considered in 2027 for equity-based, long-term incentive compensation with a target value of not less than $225,000. Consideration will occur at the same time such grants are reviewed for Farmer Mac’s other executive officers.
Who is Nader Pasdar and what role will he hold at Farmer Mac (AGM)?
Nader Pasdar will serve as Executive Vice President – Chief Business Officer starting August 17, 2026. He brings over 25 years of experience in agricultural finance, capital markets, and leadership roles at Rabobank and Rabo Securities in North America.
What securities of Farmer Mac (AGM) are listed on the NYSE?
Farmer Mac lists multiple classes on the NYSE, including Class A voting common stock (AGM.A), Class C non-voting common stock (AGM), and several series of non-cumulative preferred stock, such as Series D, E, F, G, H, and I.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): August 12, 2026
(Exact name of registrant as specified in its charter)
Federally chartered instrumentality of the United States | ||||||||||||||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (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):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol | Exchange on which registered | ||||||||||||
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 12, 2026, the Board of Directors (“Board”) of the Federal Agricultural Mortgage Corporation (“Farmer Mac”) appointed Robert J. Maines (“Mr. Maines”) to serve as Farmer Mac’s Executive Vice President – Chief Operations Officer, effective August 17, 2026 (the “Effective Date”).
Mr. Maines, age 58, has served as Farmer Mac’s Senior Vice President – Operations since March 2021, after having served as Vice President – Enterprise Risk Officer since joining Farmer Mac in December, 2018. Mr. Maines has over 30 years of experience in financial services in a variety of executive positions. Mr. Maines graduated from the University of Delaware with a Bachelor of Science degree in Economics.
There are no arrangements or understandings between Mr. Maines and any other persons pursuant to which Mr. Maines was appointed as the Chief Operations Officer of Farmer Mac, nor are there any family relationships between Mr. Maines and any of Farmer Mac’s directors or executive officers. There are no transactions in which Mr. Maines has an interest requiring disclosure under Item 404(a) of Regulation S-K.
In connection with Mr. Maines appointment as Farmer Mac’s Executive Vice President – Chief Operations Officer, the Board approved an increase in his annual salary to $440,000, as of the Effective Date. Mr. Maines will be considered for grants of equity-based, long-term incentive compensation in 2027 at the same time that those grants are considered for Farmer Mac’s other executive officers. The target value of that award shall be not less than $225,000. Mr. Maines will be eligible to participate in Farmer Mac’s amended and restated executive severance plan.
Item 7.01 Regulation FD Disclosure.
On August 13, 2026, Farmer Mac issued a press release to announce the appointment of Nader Pasdar as its Executive Vice President – Chief Business Officer starting August 17, 2026. A copy of the press release is attached to this report as Exhibit 99. All references to www.farmermac.com in Exhibit 99 are inactive textual references only, and the information contained on Farmer Mac’s website is not incorporated by reference into this report.
The information furnished in this Item 7.01, including Exhibit 99, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor will any of such information or portion of the Exhibit be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99 Press Release dated August 13, 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: August 14, 2026
Farmer Mac Names Nader Pasdar as Executive Vice President – Chief Business Officer
WASHINGTON, D.C., August 13, 2026 – The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced the appointment of Nader Pasdar as its Executive Vice President – Chief Business Officer, starting August 17, 2026. Mr. Pasdar will report directly to Zachary N. Carpenter, who previously served as the company’s Executive Vice President – Chief Business Officer and assumed the role of President and Chief Executive Officer on July 1 of this year.
“Nader is a highly respected leader whose deep knowledge of agriculture, rural finance, and capital markets makes him an excellent fit for Farmer Mac and our mission,” said Mr. Carpenter. “His appointment marks an important milestone as we continue evolving to meet the needs of the crucial sectors we serve and position our organization for future growth and success. Nader’s strong relationships across the agricultural finance community, strategic perspective, and collaborative leadership style will help us build on our momentum, execute on our growth strategy, and continue creating value for the customers, communities, and industries we serve.”
Mr. Pasdar has more than 25 years of experience in agricultural finance, lending, capital markets, and business leadership. Prior to joining Farmer Mac, he served as Chief Executive Officer of Rabo Securities and Managing Director, Head of Markets North America for Rabobank, where he was responsible for capital markets, sales, trading, business development, and compliance activities across North America. Over his career at Rabobank, Mr. Pasdar progressed through increasingly senior leadership positions spanning relationship management, debt capital markets, syndications, and wholesale banking, playing a key role in developing the organization into a leading capital markets participant in the North American food and agribusiness sector.
Mr. Pasdar has extensive experience working with agricultural lenders, agribusinesses, and investors across rural America. As a founding member of Rabobank’s loan syndication team, he contributed to the execution of hundreds of lead-arranged financings and developed deep relationships throughout the agricultural finance sector and the Farm Credit System. His background combines strategic business development expertise, capital markets leadership, and a longstanding commitment to enhancing the agricultural economy.
“It’s an honor to join Farmer Mac and contribute to an organization with such a unique and important mission,” said Mr. Pasdar. “Throughout my career, I have been passionate about supporting the financial institutions, producers, agribusinesses, and rural businesses that help drive the rural economy. Farmer Mac plays a vital role in expanding access to capital and liquidity across these sectors, and I am excited to work alongside Zack, the leadership team, and
colleagues across the company to help advance that mission and support the next phase of Farmer Mac’s growth.”
Mr. Pasdar earned an M.B.A. in finance from Boston University’s Questrom School of Business and a B.S. degree in economics from Temple University.
About Farmer Mac
Farmer Mac is driven by its mission to increase the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure. Our secondary market provides liquidity to our nation’s agricultural and infrastructure businesses, supporting a vibrant and strong rural America. We offer a wide range of solutions to help meet financial institutions’ growth, liquidity, risk management, and capital relief needs across diverse markets, including agriculture, agribusiness, broadband infrastructure, power and utilities, and renewable energy. We are uniquely positioned to facilitate competitive access to financing that fuels growth, innovation, and prosperity in America’s rural and agricultural communities. Additional information about Farmer Mac is available on our website at www.farmermac.com.
CONTACT: Jalpa Nazareth, Investor Relations
Lisa Meyer, Media Inquiries
(202) 872-7700
Lisa Meyer, Media Inquiries
(202) 872-7700
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