Lindsay Corporation (LNN) files S-8 for 2025 long-term incentive equity plan
Filing Impact
Filing Sentiment
Form Type
S-8
Rhea-AI Filing Summary
Lindsay Corporation filed a Form S-8 registration statement to register shares issuable under the Lindsay Corporation 2025 Long-Term Incentive Plan. This plan is intended for equity-based compensation awards to employees and other eligible participants.
The filing incorporates by reference Lindsay’s prior reports, including its Form 10-K for the year ended August 31, 2024, its Form 10-Q filings for the quarters ended November 30, 2024, February 28, 2025, and May 31, 2025, and certain Form 8-Ks. The company also outlines director and officer indemnification provisions under Delaware law, its certificate of incorporation, bylaws, indemnification agreements, and insurance coverage.
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FAQ
What is Lindsay Corporation (LNN) registering in this Form S-8?
Lindsay Corporation is registering securities issuable under the Lindsay Corporation 2025 Long-Term Incentive Plan, which is used for equity-based compensation.
Who is eligible to receive awards under Lindsay Corporation’s 2025 Long-Term Incentive Plan?
The plan is described as a long-term incentive plan for employees and other eligible participants, intended to deliver equity-based compensation, as is typical for Form S-8 plans.
Which prior filings does Lindsay Corporation (LNN) incorporate by reference into this S-8?
The S-8 incorporates by reference the Form 10-K for the year ended August 31, 2024, Form 10-Q filings for the quarters ended November 30, 2024, February 28, 2025, and May 31, 2025, and Form 8-K reports filed on October 25, 2024, January 13, 2025, and July 23, 2025.
How does Lindsay Corporation (LNN) handle indemnification of directors and officers?
The company relies on Section 145 of the Delaware General Corporation Law, its restated certificate of incorporation, bylaws, and separate indemnification agreements to indemnify directors and officers, and it maintains insurance on their behalf.
Does Lindsay Corporation limit director liability under its charter?
Yes. Under Article Ninth of its Restated Certificate of Incorporation, directors are generally not personally liable for monetary damages for breaches of fiduciary duty, subject to exceptions such as breaches of loyalty, bad faith conduct, certain unlawful payments, or improper personal benefits.
Which law governs Lindsay Corporation’s S-8 registration statement?
The registration statement is filed under the Securities Act of 1933, and the company’s indemnification framework references the Delaware General Corporation Law.