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[8-K] Federal Agricultural Mortgage Corporation Class A Voting Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Federal Agricultural Mortgage Corporation (Farmer Mac) filed a Form 8-K disclosing a leadership change in its finance organization. On 8 July 2025, Executive Vice President & Chief Financial Officer (CFO) Aparna Ramesh notified the company she will resign effective 31 July 2025 to pursue another opportunity. The company states the departure is not related to any disagreement over accounting, reporting, internal controls or operations.

The Board has engaged an executive search firm to conduct a nationwide search for a permanent successor. In the interim, beginning 1 August 2025, Gregory N. Ramsey—currently Vice President & Chief Accounting Officer—will assume the role of principal financial officer. Ramsey, 61, has served as Farmer Mac’s principal accounting officer since 2013 and previously filled the interim CFO role from July 2019 to January 2020. No new compensatory arrangements were announced, and the filing reports no related-party transactions.

While a senior-level departure can introduce short-term uncertainty, the appointment of an experienced internal executive and the absence of accounting disputes help contain governance risk. There is no immediate financial impact disclosed, and all other terms of the company’s securities remain unchanged.

La Federal Agricultural Mortgage Corporation (Farmer Mac) ha presentato un modulo 8-K comunicando un cambio nella leadership della sua organizzazione finanziaria. L'8 luglio 2025, Aparna Ramesh, Vicepresidente Esecutivo e Chief Financial Officer (CFO), ha informato la società che si dimetterà con effetto dal 31 luglio 2025 per intraprendere un'altra opportunità. La società precisa che la sua partenza non è collegata a disaccordi riguardanti contabilità, rendicontazione, controlli interni o operazioni.

Il Consiglio ha incaricato una società di ricerca dirigenziale di condurre una ricerca a livello nazionale per un successore permanente. Nel frattempo, a partire dal 1° agosto 2025, Gregory N. Ramsey — attualmente Vicepresidente e Chief Accounting Officer — assumerà il ruolo di principale responsabile finanziario. Ramsey, 61 anni, ricopre il ruolo di principale responsabile contabile di Farmer Mac dal 2013 e aveva già svolto il ruolo di CFO ad interim da luglio 2019 a gennaio 2020. Non sono stati annunciati nuovi accordi compensativi e la documentazione non riporta transazioni con parti correlate.

Nonostante una partenza a livello senior possa generare incertezza a breve termine, la nomina di un dirigente interno esperto e l’assenza di controversie contabili contribuiscono a contenere il rischio di governance. Non è stato comunicato alcun impatto finanziario immediato e tutte le altre condizioni relative ai titoli della società restano invariate.

Federal Agricultural Mortgage Corporation (Farmer Mac) presentó un Formulario 8-K anunciando un cambio en el liderazgo de su organización financiera. El 8 de julio de 2025, Aparna Ramesh, Vicepresidenta Ejecutiva y Directora Financiera (CFO), notificó a la empresa que renunciará con efecto el 31 de julio de 2025 para perseguir otra oportunidad. La empresa afirma que la salida no está relacionada con ningún desacuerdo sobre contabilidad, informes, controles internos u operaciones.

La Junta ha contratado una firma de búsqueda ejecutiva para realizar una búsqueda nacional de un sucesor permanente. Mientras tanto, a partir del 1 de agosto de 2025, Gregory N. Ramsey, actualmente Vicepresidente y Director de Contabilidad, asumirá el cargo de principal oficial financiero. Ramsey, de 61 años, ha sido el principal oficial de contabilidad de Farmer Mac desde 2013 y anteriormente desempeñó el rol de CFO interino desde julio de 2019 hasta enero de 2020. No se anunciaron nuevos acuerdos compensatorios y el informe no menciona transacciones con partes relacionadas.

Aunque la salida de un alto ejecutivo puede generar incertidumbre a corto plazo, el nombramiento de un ejecutivo interno experimentado y la ausencia de disputas contables ayudan a contener el riesgo de gobernanza. No se ha divulgado un impacto financiero inmediato y todos los demás términos de los valores de la empresa permanecen sin cambios.

연방농업모기지공사(Farmer Mac)는 재무 조직의 리더십 변동을 공개하는 8-K 양식을 제출했습니다. 2025년 7월 8일, 부사장 겸 최고재무책임자(CFO) 아파르나 라메시가 2025년 7월 31일부로 사임하여 다른 기회를 추구할 것임을 회사에 통보했습니다. 회사는 이번 퇴임이 회계, 보고, 내부 통제 또는 운영과 관련된 어떠한 불일치와도 무관함을 명시했습니다.

이사회는 정규 후임자를 찾기 위해 전국적인 임원 검색 회사를 고용했습니다. 그동안 2025년 8월 1일부터 그레고리 N. 램지 — 현재 부사장 겸 최고회계책임자 — 가 주요 재무 책임자 역할을 맡게 됩니다. 램지(61세)는 2013년부터 Farmer Mac의 최고 회계 책임자로 근무했으며, 2019년 7월부터 2020년 1월까지 임시 CFO 역할을 수행한 바 있습니다. 새로운 보상 계약은 발표되지 않았으며, 관련 당사자 거래도 보고되지 않았습니다.

고위직 이탈은 단기적인 불확실성을 초래할 수 있지만, 경험 많은 내부 임원의 임명과 회계 분쟁 부재는 거버넌스 리스크를 줄이는 데 도움이 됩니다. 즉각적인 재무 영향은 공개되지 않았으며, 회사 증권의 다른 모든 조건은 변경되지 않았습니다.

La Federal Agricultural Mortgage Corporation (Farmer Mac) a déposé un formulaire 8-K révélant un changement de direction au sein de son organisation financière. Le 8 juillet 2025, Aparna Ramesh, vice-présidente exécutive et directrice financière (CFO), a informé la société qu'elle démissionnerait à compter du 31 juillet 2025 pour saisir une autre opportunité. La société précise que ce départ n'est pas lié à un désaccord concernant la comptabilité, les rapports, les contrôles internes ou les opérations.

Le conseil d'administration a mandaté un cabinet de recherche de cadres pour mener une recherche nationale d'un successeur permanent. En attendant, à partir du 1er août 2025, Gregory N. Ramsey — actuellement vice-président et directeur comptable — assumera le rôle de principal responsable financier. Ramsey, 61 ans, est le principal responsable comptable de Farmer Mac depuis 2013 et a déjà assuré le rôle de CFO par intérim de juillet 2019 à janvier 2020. Aucun nouvel accord de rémunération n'a été annoncé et le dépôt ne signale aucune transaction avec des parties liées.

Bien qu'un départ à un poste de haut niveau puisse engendrer une incertitude à court terme, la nomination d'un cadre interne expérimenté et l'absence de litiges comptables contribuent à limiter le risque de gouvernance. Aucun impact financier immédiat n'a été divulgué et toutes les autres conditions des titres de la société restent inchangées.

Die Federal Agricultural Mortgage Corporation (Farmer Mac) hat ein Formular 8-K eingereicht, in dem eine Führungsänderung in ihrer Finanzabteilung bekanntgegeben wird. Am 8. Juli 2025 informierte Aparna Ramesh, Executive Vice President und Chief Financial Officer (CFO), das Unternehmen, dass sie mit Wirkung zum 31. Juli 2025 zurücktreten wird, um eine andere Gelegenheit wahrzunehmen. Das Unternehmen erklärt, dass der Abschied nicht im Zusammenhang mit Meinungsverschiedenheiten über Buchhaltung, Berichterstattung, interne Kontrollen oder Abläufe steht.

Der Vorstand hat eine Personalberatungsfirma beauftragt, landesweit nach einem dauerhaften Nachfolger zu suchen. Bis dahin wird ab dem 1. August 2025 Gregory N. Ramsey — derzeit Vice President und Chief Accounting Officer — die Rolle des leitenden Finanzverantwortlichen übernehmen. Ramsey, 61 Jahre alt, ist seit 2013 Hauptbuchhalter von Farmer Mac und hatte bereits von Juli 2019 bis Januar 2020 die interimistische CFO-Position inne. Es wurden keine neuen Vergütungsvereinbarungen bekanntgegeben und im Bericht werden keine Transaktionen mit verbundenen Parteien erwähnt.

Obwohl ein Abgang auf Führungsebene kurzfristige Unsicherheiten mit sich bringen kann, trägt die Ernennung eines erfahrenen internen Managers und das Fehlen von Buchhaltungsstreitigkeiten zur Begrenzung des Governance-Risikos bei. Es wurden keine unmittelbaren finanziellen Auswirkungen bekanntgegeben, und alle anderen Bedingungen der Wertpapiere des Unternehmens bleiben unverändert.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: CFO exit poses governance risk but orderly transition and experienced interim limit impact; search for permanent CFO underway.

The sudden loss of a sitting CFO is typically viewed as an elevated governance concern because it creates potential gaps in strategic financial oversight and investor communication. However, Farmer Mac mitigates this risk by (1) clarifying that the resignation is voluntary and unrelated to accounting disagreements, (2) appointing a seasoned, internally-groomed executive with prior interim CFO experience, and (3) launching an immediate nationwide search. The absence of new compensation packages or related-party issues keeps cost and compliance exposure low. Overall, I view the development as neutral: investors should monitor the duration of the search and assess whether the next CFO brings strategic value.

TL;DR: Minimal near-term financial impact; watch for guidance changes once permanent CFO is named.

This 8-K is operational rather than financial. There is no guidance revision or balance-sheet implication. Mr. Ramsey’s continuity as chief accounting officer reduces risk to reporting timelines and audit readiness, suggesting Q3 filings remain on schedule. Any material impact will hinge on the profile of the eventual permanent CFO and strategic shifts they might introduce. For now, I classify the disclosure as neutral from a valuation standpoint.

La Federal Agricultural Mortgage Corporation (Farmer Mac) ha presentato un modulo 8-K comunicando un cambio nella leadership della sua organizzazione finanziaria. L'8 luglio 2025, Aparna Ramesh, Vicepresidente Esecutivo e Chief Financial Officer (CFO), ha informato la società che si dimetterà con effetto dal 31 luglio 2025 per intraprendere un'altra opportunità. La società precisa che la sua partenza non è collegata a disaccordi riguardanti contabilità, rendicontazione, controlli interni o operazioni.

Il Consiglio ha incaricato una società di ricerca dirigenziale di condurre una ricerca a livello nazionale per un successore permanente. Nel frattempo, a partire dal 1° agosto 2025, Gregory N. Ramsey — attualmente Vicepresidente e Chief Accounting Officer — assumerà il ruolo di principale responsabile finanziario. Ramsey, 61 anni, ricopre il ruolo di principale responsabile contabile di Farmer Mac dal 2013 e aveva già svolto il ruolo di CFO ad interim da luglio 2019 a gennaio 2020. Non sono stati annunciati nuovi accordi compensativi e la documentazione non riporta transazioni con parti correlate.

Nonostante una partenza a livello senior possa generare incertezza a breve termine, la nomina di un dirigente interno esperto e l’assenza di controversie contabili contribuiscono a contenere il rischio di governance. Non è stato comunicato alcun impatto finanziario immediato e tutte le altre condizioni relative ai titoli della società restano invariate.

Federal Agricultural Mortgage Corporation (Farmer Mac) presentó un Formulario 8-K anunciando un cambio en el liderazgo de su organización financiera. El 8 de julio de 2025, Aparna Ramesh, Vicepresidenta Ejecutiva y Directora Financiera (CFO), notificó a la empresa que renunciará con efecto el 31 de julio de 2025 para perseguir otra oportunidad. La empresa afirma que la salida no está relacionada con ningún desacuerdo sobre contabilidad, informes, controles internos u operaciones.

La Junta ha contratado una firma de búsqueda ejecutiva para realizar una búsqueda nacional de un sucesor permanente. Mientras tanto, a partir del 1 de agosto de 2025, Gregory N. Ramsey, actualmente Vicepresidente y Director de Contabilidad, asumirá el cargo de principal oficial financiero. Ramsey, de 61 años, ha sido el principal oficial de contabilidad de Farmer Mac desde 2013 y anteriormente desempeñó el rol de CFO interino desde julio de 2019 hasta enero de 2020. No se anunciaron nuevos acuerdos compensatorios y el informe no menciona transacciones con partes relacionadas.

Aunque la salida de un alto ejecutivo puede generar incertidumbre a corto plazo, el nombramiento de un ejecutivo interno experimentado y la ausencia de disputas contables ayudan a contener el riesgo de gobernanza. No se ha divulgado un impacto financiero inmediato y todos los demás términos de los valores de la empresa permanecen sin cambios.

연방농업모기지공사(Farmer Mac)는 재무 조직의 리더십 변동을 공개하는 8-K 양식을 제출했습니다. 2025년 7월 8일, 부사장 겸 최고재무책임자(CFO) 아파르나 라메시가 2025년 7월 31일부로 사임하여 다른 기회를 추구할 것임을 회사에 통보했습니다. 회사는 이번 퇴임이 회계, 보고, 내부 통제 또는 운영과 관련된 어떠한 불일치와도 무관함을 명시했습니다.

이사회는 정규 후임자를 찾기 위해 전국적인 임원 검색 회사를 고용했습니다. 그동안 2025년 8월 1일부터 그레고리 N. 램지 — 현재 부사장 겸 최고회계책임자 — 가 주요 재무 책임자 역할을 맡게 됩니다. 램지(61세)는 2013년부터 Farmer Mac의 최고 회계 책임자로 근무했으며, 2019년 7월부터 2020년 1월까지 임시 CFO 역할을 수행한 바 있습니다. 새로운 보상 계약은 발표되지 않았으며, 관련 당사자 거래도 보고되지 않았습니다.

고위직 이탈은 단기적인 불확실성을 초래할 수 있지만, 경험 많은 내부 임원의 임명과 회계 분쟁 부재는 거버넌스 리스크를 줄이는 데 도움이 됩니다. 즉각적인 재무 영향은 공개되지 않았으며, 회사 증권의 다른 모든 조건은 변경되지 않았습니다.

La Federal Agricultural Mortgage Corporation (Farmer Mac) a déposé un formulaire 8-K révélant un changement de direction au sein de son organisation financière. Le 8 juillet 2025, Aparna Ramesh, vice-présidente exécutive et directrice financière (CFO), a informé la société qu'elle démissionnerait à compter du 31 juillet 2025 pour saisir une autre opportunité. La société précise que ce départ n'est pas lié à un désaccord concernant la comptabilité, les rapports, les contrôles internes ou les opérations.

Le conseil d'administration a mandaté un cabinet de recherche de cadres pour mener une recherche nationale d'un successeur permanent. En attendant, à partir du 1er août 2025, Gregory N. Ramsey — actuellement vice-président et directeur comptable — assumera le rôle de principal responsable financier. Ramsey, 61 ans, est le principal responsable comptable de Farmer Mac depuis 2013 et a déjà assuré le rôle de CFO par intérim de juillet 2019 à janvier 2020. Aucun nouvel accord de rémunération n'a été annoncé et le dépôt ne signale aucune transaction avec des parties liées.

Bien qu'un départ à un poste de haut niveau puisse engendrer une incertitude à court terme, la nomination d'un cadre interne expérimenté et l'absence de litiges comptables contribuent à limiter le risque de gouvernance. Aucun impact financier immédiat n'a été divulgué et toutes les autres conditions des titres de la société restent inchangées.

Die Federal Agricultural Mortgage Corporation (Farmer Mac) hat ein Formular 8-K eingereicht, in dem eine Führungsänderung in ihrer Finanzabteilung bekanntgegeben wird. Am 8. Juli 2025 informierte Aparna Ramesh, Executive Vice President und Chief Financial Officer (CFO), das Unternehmen, dass sie mit Wirkung zum 31. Juli 2025 zurücktreten wird, um eine andere Gelegenheit wahrzunehmen. Das Unternehmen erklärt, dass der Abschied nicht im Zusammenhang mit Meinungsverschiedenheiten über Buchhaltung, Berichterstattung, interne Kontrollen oder Abläufe steht.

Der Vorstand hat eine Personalberatungsfirma beauftragt, landesweit nach einem dauerhaften Nachfolger zu suchen. Bis dahin wird ab dem 1. August 2025 Gregory N. Ramsey — derzeit Vice President und Chief Accounting Officer — die Rolle des leitenden Finanzverantwortlichen übernehmen. Ramsey, 61 Jahre alt, ist seit 2013 Hauptbuchhalter von Farmer Mac und hatte bereits von Juli 2019 bis Januar 2020 die interimistische CFO-Position inne. Es wurden keine neuen Vergütungsvereinbarungen bekanntgegeben und im Bericht werden keine Transaktionen mit verbundenen Parteien erwähnt.

Obwohl ein Abgang auf Führungsebene kurzfristige Unsicherheiten mit sich bringen kann, trägt die Ernennung eines erfahrenen internen Managers und das Fehlen von Buchhaltungsstreitigkeiten zur Begrenzung des Governance-Risikos bei. Es wurden keine unmittelbaren finanziellen Auswirkungen bekanntgegeben, und alle anderen Bedingungen der Wertpapiere des Unternehmens bleiben unverändert.

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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): July 8, 2025

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 Ave., NW, Suite 450N20037
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.ANew 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
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.

(b) Resignation of Principal Financial Officer
On July 8, 2025, Aparna Ramesh, Farmer Mac’s Executive Vice President – Chief Financial Officer and Treasurer, advised the company that she is resigning effective July 31, 2025 to pursue another opportunity. Ms. Ramesh’s resignation was not related to any disagreement about Farmer Mac’s accounting practices, financial reporting, internal controls, or operations. Farmer Mac plans to retain an executive search firm to conduct a nationwide search for its next Chief Financial Officer.

(c) Appointment of Interim Principal Financial Officer

On July 9, 2025, Farmer Mac’s Board of Directors appointed Gregory N. Ramsey, Farmer Mac’s Vice President – Chief Accounting Officer, to assume the duties of Farmer Mac’s principal financial officer on an interim basis starting August 1, 2025.

Mr. Ramsey, age 61, has served as Farmer Mac’s principal accounting officer since October 2013. He was promoted to Vice President – Controller in May 2018 and to Vice President – Chief Accounting Officer in April 2023. Mr. Ramsey previously served as Farmer Mac’s interim principal financial officer from July 2019 through January 2020. Prior to Mr. Ramsey’s employment with Farmer Mac, he was a Senior Manager at PricewaterhouseCoopers from 2010 to 2013, the Vice President of Accounting Policy at Fannie Mae from 2004 to 2010, and a Professional Accounting Fellow in the Chief Accountant’s Office of the Office of the Comptroller of the Currency from 2002 to 2004. Mr. Ramsey is a Certified Public Accountant.

There is no agreement or understanding between Mr. Ramsey and any other person pursuant to which Mr. Ramsey was appointed as interim principal financial officer, nor is there any family relationship between Mr. Ramsey and any of Farmer Mac’s directors or executive officers. There are no transactions in which Mr. Ramsey has an interest requiring disclosure under Item 404(a) of Regulation S-K. No new compensatory arrangement has been entered into in connection with the appointment of Mr. Ramsey as interim principal financial officer.


Item 9.01        Financial Statements and Exhibits.

(d)    Exhibits
 
    
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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/ Stephen P. Mullery            
                         Name: Stephen P. Mullery
                         Title: Executive Vice President – General Counsel

Dated: July 10, 2025


Federal Agric Mtg Corp

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