Lindsay (LNN) appoints Brian J. Magnusson President, Irrigation

Lindsay Corporation announced leadership changes in its Irrigation segment.

Rhea-AI Filing Summary

Lindsay Corporation announced leadership changes in its Irrigation segment. The company and Gustavo E. Oberto mutually agreed that he will depart as President, Irrigation, effective November 30, 2025. Subject to his signing a general release, the company expects to provide compensation consistent with Section 4.4 of his employment agreement and continue health coverage under COBRA for up to twelve months.

Effective December 1, 2025, Lindsay appointed Brian J. Magnusson, 46, as President, Irrigation, succeeding Mr. Oberto. The filing incorporates Mr. Oberto’s August 17, 2020 employment agreement by reference for severance terms.

Insights

Corporate governance analyst

Orderly leadership transition in Irrigation; contractual severance applies.

Lindsay disclosed a planned handoff in its Irrigation unit: Gustavo E. Oberto will depart on November 30, 2025, and Brian J. Magnusson becomes President, Irrigation on December 1, 2025. The one‑day gap suggests continuity of operations.

Separation benefits are tied to the existing employment agreement (Section 4.4) and include COBRA continuation for up to 12% months upon a general release. Dollar amounts are not provided in the excerpt, but the structure indicates a standard, pre‑negotiated arrangement.

Investor impact appears limited and administrative. Subsequent filings may provide additional detail on Mr. Magnusson’s responsibilities and any compensation changes tied to the new role.

8-K Event Classification

2 items: 5.02, 9.01

2 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 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive change did Lindsay (LNN) announce?

The company disclosed that Gustavo E. Oberto will depart as President, Irrigation on November 30, 2025, and Brian J. Magnusson will succeed him on December 1, 2025.

Will Gustavo E. Oberto receive severance benefits?

Subject to signing a general release, the company expects to provide compensation consistent with Section 4.4 of his employment agreement and COBRA health coverage for up to 12 months.

Who is the new President, Irrigation at Lindsay (LNN)?

Brian J. Magnusson, age 46, was appointed President, Irrigation effective December 1, 2025.

Is the separation characterized as mutual?

Yes. The company and Gustavo E. Oberto mutually agreed on his departure.

Where can I find the terms of Oberto’s employment agreement?

It is incorporated by reference as Exhibit 10.17 to Lindsay’s Form 10‑K for the fiscal year ended August 31, 2020.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/07/2025 - 04:15 PM Learn about SEC filing dates

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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): November 03, 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.

Departure of Gustavo E. Oberto as President, Irrigation

On November 3, 2025, Lindsay Corporation (the "Company") and Gustavo E. Oberto mutually agreed that Mr. Oberto will depart from his employment as President, Irrigation, effective November 30, 2025.

Subject to Mr. Oberto's entry into an agreement with the Company that includes a general release of claims in favor of the Company, the Company expects to provide Mr. Oberto with compensation consistent with Section 4.4 of his employment agreement, as well as continuation of health coverage under COBRA for up to twelve (12) months.

A copy of Mr. Oberto’s employment agreement was attached as Exhibit 10.17 to the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2020.

Appointment of Brian J. Magnusson as President, Irrigation

On November 3, 2025, the Company appointed Brian J. Magnusson, 46, to succeed Mr. Oberto as President, Irrigation, effective December 1, 2025.

Item 9.01 Financial Statements and Exhibits.

10.1 Employment Agreement, dated August 17, 2020, between the Company and Gustavo E. Oberto, incorporated by reference to Exhibit 10.17 to the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2020.

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:	November 7, 2025	By:	/s/ Brian L. Ketcham
			Brian L. Ketcham, Senior Vice President and Chief Financial Officer