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[8-K] LINDSAY CORP Reports Material Event

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Lindsay Corporation adopted its fiscal 2026 Management Incentive Plan, setting target bonuses for participating senior officers at 40% to 100% of base salary. Actual payouts can range from 0% to 200% of target based on performance.

Performance is weighted 80% on Company results and 20% on individual goals. Company metrics include fiscal 2026 revenue, operating margin percentage, and free cash flow, with targets tied to the operating budget. The Company also noted CFO Brian Ketcham will retire at year-end, with Sam Hinrichsen joining November 3, 2025 and succeeding as CFO upon Mr. Ketcham’s retirement.

Lindsay Corporation ha adottato il Management Incentive Plan per l'esercizio 2026, fissando bonus target per i dirigenti partecipanti dal 40% al 100% dello stipendio base. Le erogazioni effettive possono variare dal 0% al 200% del target in base alla performance. La performance è ponderata per l'80% sui risultati dell'azienda e per il 20% sugli obiettivi individuali. Le metriche aziendali includono i ricavi dell'esercizio 2026, la percentuale di margine operativo e il free cash flow, con obiettivi legati al budget operativo. L'azienda ha inoltre comunicato che il CFO Brian Ketcham si ritirerà entro la fine dell'anno, con Sam Hinrichsen che entrerà il 3 novembre 2025 e lo sostituirà come CFO al momento del pensionamento del signor Ketcham.

Lindsay Corporation adoptó su Plan de Incentivos de Gestión para el año fiscal 2026, estableciendo bonificaciones objetivo para los ejecutivos participantes entre el 40% y el 100% del salario base. Los pagos reales pueden oscilar entre el 0% y el 200% del objetivo según el rendimiento. El rendimiento se pondera 80% en los resultados de la empresa y 20% en las metas individuales. Las métricas de la empresa incluyen los ingresos del año fiscal 2026, el margen operativo y el flujo de efectivo disponible, con objetivos vinculados al presupuesto operativo. La empresa también informó que el director financiero CFO Brian Ketcham se retirará a fin de año, con Sam Hinrichsen incorporándose el 3 de noviembre de 2025 y sucediéndolo como CFO tras la retirada del Sr. Ketcham.

Lindsay Corporation은 2026 회계연도 관리인센티브 계획을 채택하여 참가하는 고위 임원의 목표 보너스를 기본급의 40%에서 100%로 설정했습니다. 실제 지급액은 성과에 따라 목표의 0%에서 200%까지 될 수 있습니다. 성과는 회사 실적에 80%, 개인 목표에 20%로 가중치가 부여됩니다. 회사 지표에는 2026 회계연도 매출, 영업이익률, 자유현금흐름이 포함되며, 운영 예산에 연결된 목표가 설정됩니다. 또한 CFO인 Brian Ketcham이 연말에 은퇴하고, Sam Hinrichsen이 2025년 11월 3일에 입사해 Ketcham 씨의 은퇴 시 CFO로 취임한다고 회사는 밝혔습니다.

Lindsay Corporation a adopté son Plan d'incitation à la gestion pour l'exercice 2026, fixant des primes cibles pour les cadres participants entre 40% et 100% du salaire de base. Les paiements réels peuvent varier de 0% à 200% du cible en fonction des performances. La performance est pondérée à 80% sur les résultats de l'entreprise et à 20% sur les objectifs individuels. Les métriques de l'entreprise incluent le chiffre d'affaires de l'exercice 2026, la marge opérationnelle et le flux de trésorerie disponible, les objectifs étant liés au budget opérationnel. L'entreprise a également indiqué que le directeur financier Brian Ketcham prendra sa retraite en fin d'année, Sam Hinrichsen rejoindra le 3 novembre 2025 et succédera au poste de directeur financier à la retraite de M. Ketcham.

Lindsay Corporation hat ihren Management Incentive Plan für das Geschäftsjahr 2026 eingeführt und Zielboni für teilnehmende Führungskräfte auf 40% bis 100% des Grundgehalts festgelegt. Die tatsächlichen Auszahlungen können je nach Leistung von 0% bis 200% des Ziels reichen. Die Leistung wird zu 80% auf die Unternehmensresultate und zu 20% auf individuelle Ziele gewichtet. Zu den Unternehmenskennzahlen gehören Umsatz des Geschäftsjahres 2026, operative Gewinnmarge und freier Cashflow, mit Zielen, die am operativen Budget ausgerichtet sind. Das Unternehmen meldete zudem, dass CFO Brian Ketcham am Jahresende in den Ruhestand geht, Sam Hinrichsen am 3. November 2025 dazukommt und nach dem Ruhestand von Herrn Ketcham als CFO nachfolgen wird.

شركة ليندسي اعتمدت خطة الحوافز الإدارية للسنة المالية 2026، وحددت حوافز هدف للمديرين التنفيذيين المشاركين بين 40% إلى 100% من الراتب الأساسي. يمكن أن تتراوح المدفوعات الفعلية من 0% إلى 200% من الهدف بناءً على الأداء. يتم وزن الأداء بنسبة 80% على نتائج الشركة و20% على الأهداف الفردية. تشمل مقاييس الشركة الإيرادات للسنة المالية 2026 وهوامش التشغيل والتدفق النقدي الحر، مع أهداف مرتبطة بالميزانية التشغيلية. كما أشارت الشركة أيضاً إلى أن المدير المالي Brian Ketcham سيعتزل في نهاية العام، وسينضم Sam Hinrichsen في 3 نوفمبر 2025 ليحل محل السيد كي تشام كمدير مالي عقب تقاعده.

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Lindsay Corporation ha adottato il Management Incentive Plan per l'esercizio 2026, fissando bonus target per i dirigenti partecipanti dal 40% al 100% dello stipendio base. Le erogazioni effettive possono variare dal 0% al 200% del target in base alla performance. La performance è ponderata per l'80% sui risultati dell'azienda e per il 20% sugli obiettivi individuali. Le metriche aziendali includono i ricavi dell'esercizio 2026, la percentuale di margine operativo e il free cash flow, con obiettivi legati al budget operativo. L'azienda ha inoltre comunicato che il CFO Brian Ketcham si ritirerà entro la fine dell'anno, con Sam Hinrichsen che entrerà il 3 novembre 2025 e lo sostituirà come CFO al momento del pensionamento del signor Ketcham.

Lindsay Corporation adoptó su Plan de Incentivos de Gestión para el año fiscal 2026, estableciendo bonificaciones objetivo para los ejecutivos participantes entre el 40% y el 100% del salario base. Los pagos reales pueden oscilar entre el 0% y el 200% del objetivo según el rendimiento. El rendimiento se pondera 80% en los resultados de la empresa y 20% en las metas individuales. Las métricas de la empresa incluyen los ingresos del año fiscal 2026, el margen operativo y el flujo de efectivo disponible, con objetivos vinculados al presupuesto operativo. La empresa también informó que el director financiero CFO Brian Ketcham se retirará a fin de año, con Sam Hinrichsen incorporándose el 3 de noviembre de 2025 y sucediéndolo como CFO tras la retirada del Sr. Ketcham.

Lindsay Corporation은 2026 회계연도 관리인센티브 계획을 채택하여 참가하는 고위 임원의 목표 보너스를 기본급의 40%에서 100%로 설정했습니다. 실제 지급액은 성과에 따라 목표의 0%에서 200%까지 될 수 있습니다. 성과는 회사 실적에 80%, 개인 목표에 20%로 가중치가 부여됩니다. 회사 지표에는 2026 회계연도 매출, 영업이익률, 자유현금흐름이 포함되며, 운영 예산에 연결된 목표가 설정됩니다. 또한 CFO인 Brian Ketcham이 연말에 은퇴하고, Sam Hinrichsen이 2025년 11월 3일에 입사해 Ketcham 씨의 은퇴 시 CFO로 취임한다고 회사는 밝혔습니다.

Lindsay Corporation a adopté son Plan d'incitation à la gestion pour l'exercice 2026, fixant des primes cibles pour les cadres participants entre 40% et 100% du salaire de base. Les paiements réels peuvent varier de 0% à 200% du cible en fonction des performances. La performance est pondérée à 80% sur les résultats de l'entreprise et à 20% sur les objectifs individuels. Les métriques de l'entreprise incluent le chiffre d'affaires de l'exercice 2026, la marge opérationnelle et le flux de trésorerie disponible, les objectifs étant liés au budget opérationnel. L'entreprise a également indiqué que le directeur financier Brian Ketcham prendra sa retraite en fin d'année, Sam Hinrichsen rejoindra le 3 novembre 2025 et succédera au poste de directeur financier à la retraite de M. Ketcham.

Lindsay Corporation hat ihren Management Incentive Plan für das Geschäftsjahr 2026 eingeführt und Zielboni für teilnehmende Führungskräfte auf 40% bis 100% des Grundgehalts festgelegt. Die tatsächlichen Auszahlungen können je nach Leistung von 0% bis 200% des Ziels reichen. Die Leistung wird zu 80% auf die Unternehmensresultate und zu 20% auf individuelle Ziele gewichtet. Zu den Unternehmenskennzahlen gehören Umsatz des Geschäftsjahres 2026, operative Gewinnmarge und freier Cashflow, mit Zielen, die am operativen Budget ausgerichtet sind. Das Unternehmen meldete zudem, dass CFO Brian Ketcham am Jahresende in den Ruhestand geht, Sam Hinrichsen am 3. November 2025 dazukommt und nach dem Ruhestand von Herrn Ketcham als CFO nachfolgen wird.

شركة ليندسي اعتمدت خطة الحوافز الإدارية للسنة المالية 2026، وحددت حوافز هدف للمديرين التنفيذيين المشاركين بين 40% إلى 100% من الراتب الأساسي. يمكن أن تتراوح المدفوعات الفعلية من 0% إلى 200% من الهدف بناءً على الأداء. يتم وزن الأداء بنسبة 80% على نتائج الشركة و20% على الأهداف الفردية. تشمل مقاييس الشركة الإيرادات للسنة المالية 2026 وهوامش التشغيل والتدفق النقدي الحر، مع أهداف مرتبطة بالميزانية التشغيلية. كما أشارت الشركة أيضاً إلى أن المدير المالي Brian Ketcham سيعتزل في نهاية العام، وسينضم Sam Hinrichsen في 3 نوفمبر 2025 ليحل محل السيد كي تشام كمدير مالي عقب تقاعده.

Lindsay Corporation 已通过2026财年管理激励计划,设定参与的高级管理人员的目标奖金为基本工资的40%至100%。实际发放可能基于业绩从目标的0%至200%不等。业绩权重为公司业绩80%、个人目标20%。公司指标包括2026财年的收入、经营利润率和自由现金流,目标与经营预算相关联。公司还指出首席财务官Brian Ketcham将于年末退休,Sam Hinrichsen将于2025年11月3日入职,年后接任 CFO。

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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): October 22, 2025

 

 

Lindsay Corporation

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

1-13419

47-0554096

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

18135 Burke Street

Suite 100

 

Omaha, Nebraska

 

68022

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (402) 829-6800

 

 

(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:

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 class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $1.00 par value

 

LNN

 

New 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 (§ 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.

On October 22, 2025, the Human Resources and Compensation Committee of the Board of Directors (the “Committee”) of Lindsay Corporation (the “Company”) adopted the Management Incentive Plan for the Company’s fiscal year ending August 31, 2026 (the “2026 MIP”) under which the Company’s senior officers can earn annual cash incentive awards. With the exception of Brian Ketcham, the Company's Senior Vice President and Chief Financial Officer who is retiring at the end of the calendar year, each current senior officer who will be a named executive officer in the Company’s proxy statement for its fiscal 2026 annual meeting is a participant in the 2026 MIP. Sam Hinrichsen, who will commence employment with the Company as Senior Vice President on November 3, 2025 and will officially succeed Mr. Ketcham as Senior Vice President and Chief Financial Officer upon Mr. Ketcham's retirement, will also be a participant in the 2026 MIP.

The 2026 MIP establishes target bonus amounts for each participating officer ranging from 40% to 100% of such officer’s base salary. Participants are eligible for awards of between 0% and 200% of their target bonus depending on the achievement of certain Company financial performance criteria and individual performance criteria. The Company financial performance component and individual performance component are weighted as 80% and 20% of the overall performance criteria for each participant, respectively. The Company financial performance component is based on achieving stated goals for fiscal 2026 revenue, operating margin percentage, and free cash flow, with target bonuses for these subcomponents keyed to the Company’s fiscal 2026 operating budget. The amount of bonus awarded under the individual performance component is dependent upon an officer’s personal performance as evaluated using individual or team performance objectives established by the Committee for each participating officer.

Item 9.01 Financial Statements and Exhibits.

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.

 

 

 

LINDSAY CORPORATION

 

 

 

 

Date:

October 24, 2025

By:

/s/ Brian L. Ketcham

 

 

 

Brian L. Ketcham, Senior Vice President and Chief Financial Officer

 


FAQ

What did Lindsay (LNN) announce in its 8-K?

The Company adopted its fiscal 2026 Management Incentive Plan and outlined a planned CFO transition from Brian Ketcham to Sam Hinrichsen.

How are bonuses structured under LNN’s 2026 MIP?

Target bonuses range from 40% to 100% of base salary, with payouts between 0% and 200% of target based on performance.

What performance metrics determine the Company component?

Fiscal 2026 revenue, operating margin percentage, and free cash flow, tied to the fiscal 2026 operating budget.

How are the performance components weighted in LNN’s 2026 MIP?

The plan is weighted 80% Company financial performance and 20% individual performance.

Who is included in the 2026 MIP participation?

Current senior officers who will be named executive officers for fiscal 2026, excluding retiring CFO Brian Ketcham; Sam Hinrichsen will participate.

When does the CFO transition occur at LNN?

Brian Ketcham retires at year-end, and Sam Hinrichsen joins on November 3, 2025 and will succeed as CFO upon the retirement.
Lindsay

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