Lindsay Corporation (NYSE: LNN) names new CAO, details 2026 shareholder voting
Rhea-AI Filing Summary
Lindsay Corporation reported governance updates and leadership changes. The board appointed Brett R. Coburn, who has worked at the company since April 2019 and is a Certified Public Accountant in Nebraska, as Vice President and Chief Accounting Officer. His compensation will include salary, bonus opportunities, and long-term equity awards appropriate for his role, along with standard employee benefits.
The company also held its fiscal 2026 annual meeting of stockholders, where 9,325,331 shares of common stock, representing 88.0% of the 10,591,980 shares entitled to vote, were represented in person or by proxy. Stockholders elected three directors to terms expiring at the fiscal 2029 annual meeting, ratified the appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending August 31, 2026, and approved on an advisory basis the compensation of the named executive officers.
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FAQ
What leadership change did Lindsay Corporation (LNN) disclose in this 8-K?
The board of Lindsay Corporation appointed Brett R. Coburn as Vice President and Chief Accounting Officer effective January 6, 2026. Coburn has held several finance and accounting roles at the company since April 2019 and is a licensed and active Certified Public Accountant in Nebraska.
What compensation will Brett R. Coburn receive in his new role at Lindsay Corporation (LNN)?
Following his appointment as Vice President and Chief Accounting Officer, Brett R. Coburn will be eligible for base salary, annual bonus opportunities, and long-term equity incentive awards at the discretion of the Human Resources and Compensation Committee, consistent with his role and seniority. He will also remain eligible for other insurance and benefit plans generally available to company employees.
How many Lindsay Corporation (LNN) shares were represented at the 2026 annual meeting?
At the fiscal 2026 annual meeting of stockholders, 9,325,331 shares of Lindsay Corporation common stock were represented in person or by proxy. This represented 88.0% of the 10,591,980 shares entitled to vote at the meeting.
What were the director election results at Lindsay Corporation’s 2026 annual meeting?
Stockholders elected three directors with terms expiring at the fiscal 2029 annual meeting. Michael N. Christodolou received 7,692,367 votes for and 1,200,426 votes withheld, Jahidul H. Khandaker received 8,644,185 votes for and 248,608 votes withheld, and David B. Rayburn received 8,260,227 votes for and 632,566 votes withheld. Each proposal also reported 432,538 broker non-votes.
Did Lindsay Corporation (LNN) stockholders ratify the auditor for fiscal 2026?
Yes. Stockholders ratified the appointment of KPMG LLP as Lindsay Corporation’s independent registered public accounting firm for the fiscal year ending August 31, 2026, with 8,720,296 votes for, 597,510 votes against, and 7,525 abstentions.
How did Lindsay Corporation (LNN) stockholders vote on executive compensation?
On an advisory basis, stockholders approved the compensation of the company’s named executive officers. The advisory vote on executive compensation received 8,193,803 votes for, 681,543 votes against, 17,447 abstentions, and 432,538 broker non-votes.
Are there any related-party concerns involving Brett R. Coburn at Lindsay Corporation (LNN)?
The company stated there are no family relationships between Brett R. Coburn and any director or executive officer, and that he has no direct or indirect material interest in any transaction that would require disclosure under Item 404(a) of Regulation S-K.