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Lindsay Corporation (NYSE: LNN) names new CAO, details 2026 shareholder voting

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(Moderate)
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Form Type
8-K

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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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): January 06, 2026

 

 

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.

(c) On January 6, 2026, the Board of Directors of Lindsay Corporation (the "Company") appointed Brett R. Coburn as Vice President and Chief Accounting Officer.

 

Mr. Coburn, 34, has been employed by the Company since April 2019. From February 2024 until his appointment as Vice President and Chief Accounting Officer, Mr. Coburn served as Senior Director, Corporate Controller. Between September 2020 and January 2024, Mr. Coburn served as Director, Assistant Corporate Controller. Between April 2019 and August 2020, Mr. Coburn served as Senior Manager, Financial Reporting. Prior to joining the Company, Mr. Coburn served in finance roles at Ballantyne Strong Inc. and as an Audit Senior Associate at KPMG LLP. Mr. Coburn is a licensed and active Certified Public Accountant in the State of Nebraska.

 

Following his appointment as Vice President and Chief Accounting Officer, Mr. Coburn will be entitled to receive base salary, annual bonus opportunities, and long-term equity incentive awards in the discretion of the Human Resources and Compensation Committee, in each case consistent with his role and seniority. He will also remain eligible to participate in other insurance and benefit plans generally available to employees of the Company.

 

There are no family relationships between Mr. Coburn and any director or executive officer of the Company, and Mr. Coburn has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On January 6, 2026, the Company held its annual meeting of stockholders (the “Fiscal 2026 Annual Meeting”). A total of 9,325,331 shares of the Company’s common stock, or 88.0% of the 10,591,980 shares entitled to vote, were represented in person or by proxy at the Fiscal 2026 Annual Meeting.

The final results for each of the matters submitted to a stockholder vote at the Fiscal 2026 Annual Meeting are set forth below.

1.
The stockholders elected three directors with terms expiring at the fiscal 2029 annual meeting of stockholders, based on the following voting results:

Votes For

Votes Withheld

Broker Non-Votes

Election of Directors

Michael N. Christodolou

7,692,367

1,200,426

432,538

Jahidul H. Khandaker

8,644,185

248,608

432,538

David B. Rayburn

8,260,227

632,566

432,538

2.
The stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2026, based on the following voting results:

Votes For

Votes Against

Abstentions

Ratification of Independent Registered Public Accounting Firm

8,720,296

597,510

7,525

3.
The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, based on the following voting results:

Votes For

Votes Against

Abstentions

Broker Non‑Votes

Advisory Vote on Executive Compensation

8,193,803

681,543

17,447

432,538

 

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:

January 12, 2026

By:

/s/ Samuel S. Hinrichsen

 

 

 

Samuel S. Hinrichsen, Senior Vice President and Chief Financial Officer

 


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.

Lindsay

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