Federal Agricultural Mortgage Corporation filings document Farmer Mac’s status as a federally chartered instrumentality with NYSE-listed Class A voting common stock, Class C non-voting common stock and multiple series of non-cumulative preferred stock. Recent 8-K filings cover quarterly results, conference-call notices, Regulation FD investor materials and other material events tied to its agricultural and rural infrastructure finance business.
Governance records include definitive proxy materials, officer appointments, principal accounting officer changes and executive compensation arrangements. The filings also identify registered securities, disclosure controls around furnished earnings materials, and recurring corporate governance matters for the Farmer Mac capital structure.
Zachary Carpenter, Executive Vice President and Chief Business Officer of Federal Agricultural Mortgage Corporation (AGM), reported transactions on 08/26/2025 showing net activity from the exercise and settlement of stock appreciation rights (SARs) and related dispositions to cover taxes. The SAR exercise had a grant price of $120.38 and produced 353 underlying shares; Mr. Carpenter received 182 shares while 171 shares were withheld for tax withholding. The report shows a sequence of non-derivative Class C Non-Voting Common Stock transactions and a final reported beneficial ownership of 10,714 shares following the transactions. The filing also notes 4,408 unvested restricted stock units included in the reported beneficial ownership totals. No derivative securities remain beneficially owned following the reported SAR settlement.
Stephen P. Mullery, EVP and General Counsel of Federal Agricultural Mortgage Corporation (AGM), received 1,137 restricted stock units (RSUs) of Class C Non-Voting Common Stock on 08/21/2025 under the company’s Amended and Restated 2008 Omnibus Incentive Plan for no consideration, pursuant to a Transition Agreement dated August 14, 2025. The RSUs are scheduled to vest on May 2, 2026 subject to continued employment through April 3, 2026 and the effectiveness of a Separation Agreement and General Release of All Claims. After the grant, the reporting person beneficially owns 19,442 shares (this total includes 3,072 unvested RSUs from prior grants). The award is non-voting Class C stock and was granted in accordance with the Plan.
Federal Agricultural Mortgage Corporation, known as Farmer Mac, completed the issuance of 4,000,000 shares of its 6.500% Non-Cumulative Preferred Stock, Series H, on August 25, 2025. This new preferred stock was sold in an exempt public offering conducted under an offering circular, following the terms of an underwriting agreement dated August 20, 2025, with RBC Capital Markets, LLC. The new Series H joins Farmer Mac’s existing preferred stock series already listed on the New York Stock Exchange.
The Federal Agricultural Mortgage Corporation (Farmer Mac) priced an offering of $100 million of 6.500% Non-Cumulative Preferred Stock, Series H, consisting of 4,000,000 shares with a $25.00 liquidation preference per share. Net proceeds to Farmer Mac before expenses are expected to be approximately $97.1 million, with settlement expected on August 25, 2025. The Preferred Stock is non-convertible and was offered under an exemption from registration pursuant to Section 3(a)(2) of the Securities Act due to Farmer Mac's status as a Congressionally chartered corporation acting as an instrumentality of the United States. Farmer Mac intends to use the net proceeds for general corporate purposes. A press release announcing the pricing was issued and is filed as Exhibit 99.
Federal Agricultural Mortgage Corporation (AGM) disclosed a Form 8-K reporting a corporate transition and a related press release. The filing lists a Transition Agreement dated August 14, 2025 between the registrant and Stephen P. Mullery and an accompanying Press Release dated August 18, 2025. The document indicates the cover page Inline XBRL is included as Exhibit 101 and is signed by Bradford T. Nordholm, President and Chief Executive Officer, with a signature date of August 18, 2025. The filing does not include additional narrative, financial tables, earnings data, or detail about the terms or purpose of the transition agreement within the provided excerpt.