Lindsay names Michael Koch CFO effective November 9
Brett Coburn and Alicia Pfeifer leave the interim co-CFO posts on November 9, 2026, while continuing in their existing finance roles.
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Rhea-AI Filing Summary
Lindsay Corporation (LNN) appointed Michael Koch Senior Vice President and Chief Financial Officer, effective November 9, 2026; he will serve as principal financial officer. On that date, Brett Coburn and Alicia Pfeifer will cease serving as interim co-CFOs but remain, respectively, Vice President and Chief Accounting Officer and Vice President, Business Finance; Coburn will continue as principal accounting officer.
Koch’s annual base salary is $465,000. He is eligible for a target bonus equal to 65% of base salary, with a maximum of up to 200% of target bonus, prorated for the portion of fiscal 2027 he is employed. He will receive an annual equity or long-term incentive award on his start date with an expected aggregate grant-date accounting value of $650,000, plus a $150,000 cash signing bonus subject to repayment in certain circumstances. His agreement has a one-year term that automatically extends by one day for each day of employment unless Lindsay gives notice it will not extend further. It provides severance of one times annual base salary, or base salary plus target bonus if termination occurs within one year following a change in control, for termination without cause or a resignation for good reason within that period.
8-K Event Classification
Key Figures
Key Terms
principal financial officer financial
target bonus financial
grant-date accounting value financial
change in control technical
good reason technical
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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
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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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) Appointment of Michael Koch as Senior Vice President and Chief Financial Officer
On November 2, 2026, Lindsay Corporation (the “Company”) announced that its Board of Directors appointed Michael Koch as Senior Vice President and Chief Financial Officer of the Company, effective November 9, 2026. Mr. Koch will commence employment with the Company on that date and will serve as the Company’s principal financial officer.
In connection with Mr. Koch’s appointment, Brett Coburn and Alicia Pfeifer will cease serving as interim co-Chief Financial Officers of the Company effective November 9, 2026, and Mr. Coburn will cease serving as the Company’s interim principal financial officer as of that date. Mr. Coburn and Ms. Pfeifer will continue to serve in their respective roles as Vice President and Chief Accounting Officer and Vice President, Business Finance, and Mr. Coburn will continue to serve as the Company’s principal accounting officer.
Mr. Koch, 51, currently serves as Senior Vice President, Finance and Divisional Chief Financial Officer, Commercial Engine Services at StandardAero, Inc. (NYSE: SARO), a provider of aerospace engine aftermarket services, a position he has held since March 2026. Mr. Koch joined StandardAero in May 2025 as Senior Vice President, Finance, Corporate Financial Planning and Analysis. From 2019 to 2025, Mr. Koch served as Senior Vice President, Finance at Universal Electronics Inc. (Nasdaq: UEIC). Mr. Koch held various finance positions at Universal Electronics Inc. beginning in 2004, including Vice President, Finance and Vice President, Finance and Treasurer. Mr. Koch also served as Chief Financial Officer of Nortek Security & Control from 2018 to 2019 and as Chief Financial Officer of Ryan Herco Flow Solutions from 2011 to 2013. Earlier in his career, Mr. Koch held finance positions with Applied Graphics Technologies, Inc., Kraft Foods, Inc. and W.W. Grainger, Inc. Mr. Koch holds a Master of Business Administration from the University of Michigan and a Bachelor of Business Administration in Finance, Investment and Banking from the University of Wisconsin.
Mr. Koch (i) will receive an annual base salary of $465,000; (ii) is eligible to receive a target bonus equal to 65% of his base salary and a maximum bonus of up to 200% of his target bonus (to be prorated for the portion of fiscal 2027 during which he is employed by the Company); and (iii) will receive an annual equity or long-term incentive award on his start date, the aggregate grant-date accounting value of which is expected to be $650,000. In addition, on his start date, Mr. Koch will receive a $150,000 cash signing bonus, which is subject to repayment under certain circumstances pursuant to the Company’s bonus repayment agreement.
The Company and Mr. Koch have entered into a written agreement concerning his employment as Senior Vice President and Chief Financial Officer which provides for a term of one year and the automatic extension of that term by one day for each day of employment unless the Company notifies Mr. Koch that it does not wish to further extend the term. Accordingly, the agreement will have a remaining term of one year from the date the Company notifies Mr. Koch that it does not wish to further extend the term. In addition to the compensation discussed above, the agreement also provides that Mr. Koch will be eligible to receive annual long-term equity incentives in the discretion of the Human Resources and Compensation Committee and will be eligible to participate in insurance, relocation and other benefit plans generally available to senior executives of the Company. The agreement also provides for severance compensation equal to one times annual base salary (or base salary plus target bonus if termination occurs within one year following a “change in control” (as that term is defined in the agreement)) if Mr. Koch’s employment is terminated without “cause” (as that term is defined in the agreement) or if he terminates his employment for “good reason” (as that term is defined in the agreement) within one year following a change in control.
A copy of Mr. Koch’s employment agreement is filed as Exhibit 10.1 hereto and is incorporated herein by reference. The foregoing description of the material terms of Mr. Koch’s employment agreement does not purport to be complete and is qualified by reference to such exhibit.
Mr. Koch has entered into an Indemnification Agreement with the Company in the form attached as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on October 19, 2018.
There are no family relationships between Mr. Koch and any director or executive officer of the Company, and Mr. Koch has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
A copy of the press release announcing Mr. Koch’s appointment as Senior Vice President and Chief Financial Officer is furnished herewith as Exhibit 99.1 and incorporated by reference into this Item 7.01. In accordance with General Instruction B.2 of Form 8-K, the information contained in this Item 7.01 and the press release are being “furnished” and, as such, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities of that Section, nor shall such information and exhibit be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
10.1 |
Employment Agreement, dated October 27, 2026, between the Company and Michael Koch. |
10.2 |
Form of Indemnification Agreement between the Company and its Officers and Directors, previously filed as Exhibit 10.1 with the Company's Form 8-K filed on October 19, 2018 and incorporated herein by reference. |
99.1 |
Press Release, dated November 2, 2026, issued by the Company. |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
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LINDSAY CORPORATION |
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November 2, 2026 |
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/s/ Randy A. Wood |
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Randy A. Wood, President and Chief Executive Officer |
EX-99.1
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18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836 |
Michael Koch Joins Lindsay as Senior Vice President and Chief Financial Officer
OMAHA, Neb., November 2, 2026—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced that Michael Koch will join Lindsay Corporation as Senior Vice President and Chief Financial Officer, effective November 9, 2026. Koch succeeds Brett Coburn, Vice President and Chief Accounting Officer, and Alicia Pfeifer, Vice President, Business Finance, who have served as interim co-Chief Financial Officers since September 2026 and will continue in their current roles.
Koch brings nearly 30 years of finance experience with global public and private equity-backed companies. He currently serves as Senior Vice President, Finance and Divisional Chief Financial Officer of Commercial Engine Services at StandardAero (NYSE: SARO), the company’s largest division. Prior to joining StandardAero in 2025, Koch held various finance leadership roles at Universal Electronics (Nasdaq: UEIC) beginning in 2004, most recently as Senior Vice President, Finance. Koch has also served as Chief Financial Officer of Nortek Security & Control and Ryan Herco Flow Solutions, and held finance positions with Applied Graphics Technologies, Kraft Foods and W.W. Grainger.
Lindsay’s President and Chief Executive Officer, Randy Wood, commented, “We are pleased to welcome Mike to our senior leadership team. His experience as a CFO and in leading financial planning, treasury and acquisitions at global public companies aligns well with our strategic priorities, and we look forward to his leadership as we pursue our long-term growth initiatives.”
Wood continued, “I would also like to thank Brett and Alicia for their leadership as interim co-CFOs. Together with our finance team, they have ensured a smooth transition and continued strong execution, and I look forward to their continued contributions to Lindsay.”
About the Company
Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world’s rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic™ center pivot and lateral move agricultural irrigation systems, FieldNET™ and FieldWise™ remote irrigation management technology, FieldNET Advisor™ irrigation scheduling technology, and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels, through the Road Zipper™ and Snoline™ brands. For more information about Lindsay Corporation, visit www.lindsay.com.
Concerning Forward-looking Statements
This release contains forward-looking statements that are subject to risks and uncertainties, and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission. Forward-looking statements include information concerning possible or assumed future results of operations and planned financing of the Company and those statements preceded by, followed by or including the words “anticipate,” “estimate,” “believe,” “intend,” "expect," "outlook," "could," "may," "should," “will,” or similar expressions. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking information contained in this press release.
For further information, contact:
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LINDSAY CORPORATION: |
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Alicia Pfeifer |
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Joe Caminiti |
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Vice President, Business Finance |
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312-445-2870 |
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402-933-6429 |
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LNN@alpha-ir.com |
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Alicia.Pfeifer@lindsay.com |
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