NRUC names Brent McRae as President
National Rural Utilities Cooperative Finance Corporation reported a leadership change.
Accepted by SEC EDGAR
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Form Type
8-K
Rhea-AI Filing Summary
National Rural Utilities Cooperative Finance Corporation reported a leadership change. On June 15, 2026, its Board of Directors elected Brent McRae, age 66, as President. McRae brings long experience in the rural electric cooperative sector, including service as a director of McCone Electric Cooperative since 2009 and leadership roles in Montana cooperative associations.
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.
Key Figures
President age: 66 years
Election date: June 15, 2026
Collateral Trust Bonds coupon: 7.35%
+3 more
6 metrics
President age
66 years
Age of newly elected President Brent McRae
Election date
June 15, 2026
Date Board elected Brent McRae as President
Collateral Trust Bonds coupon
7.35%
Coupon on Collateral Trust Bonds due 2026 listed on NYSE
Subordinated Notes coupon
5.50%
Coupon on Subordinated Notes due 2064 listed on NYSE
Ranching since
1989
Year Brent McRae became a self-employed rancher
McCone Electric directorship
since 2009
Tenure of Brent McRae as director of McCone Electric Cooperative
Key Terms
Emerging growth company, Collateral Trust Bonds, Subordinated Notes, Inline XBRL, +1 more
5 terms
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Collateral Trust Bonds financial
"7.35% Collateral Trust Bonds, due 2026"
Subordinated Notes financial
"5.50% Subordinated Notes, due 2064"
Subordinated notes are loans companies issue that rank below other debts for repayment, meaning holders get paid only after higher-priority creditors if the issuer runs into trouble. Because they act like being farther back in line at a buffet, they usually offer higher interest to compensate for greater risk, so investors watch them for potential higher returns but also increased chance of loss and sensitivity to the issuer’s financial health.
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
Interactive Data File technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did NRUC report in this 8-K filing?
National Rural Utilities Cooperative Finance Corporation announced that its Board elected Brent McRae, age 66, as President on June 15, 2026. This change updates the company’s senior leadership and reflects McRae’s long involvement with rural electric cooperatives and related industry organizations.
What is Brent McRae’s background before becoming NRUC President?
Brent McRae has been a self-employed rancher since 1989 and a director of McCone Electric Cooperative, Inc. since 2009. He also served as an alternate director of Central Montana Electric Power Cooperative and held leadership roles at the Montana Electric Cooperatives’ Association.
When did NRUC’s Board elect Brent McRae as President?
The Board of National Rural Utilities Cooperative Finance Corporation elected Brent McRae as President on June 15, 2026. This date marks the formal Board action under Item 5.02 relating to the appointment of certain officers at the cooperative finance organization.
What industry roles has NRUC’s new President previously held?
Brent McRae has served as a director of McCone Electric Cooperative since 2009 and as a Director of the Montana Electric Cooperatives’ Association, Inc. since 2011. He also served as that association’s board president from October 2013 until October 2021, highlighting sector experience.
Which securities of NRUC are listed on the New York Stock Exchange?
NRUC lists its 7.35% Collateral Trust Bonds, due 2026 under symbol NRUC 26 and its 5.50% Subordinated Notes, due 2064 under symbol NRUC on the New York Stock Exchange, providing tradable fixed-income instruments to investors.
Who signed the NRUC 8-K reporting Brent McRae’s election?
The 8-K was signed on behalf of National Rural Utilities Cooperative Finance Corporation by Yu Ling Wang, Senior Vice President and Chief Financial Officer. This signature reflects the company’s authorization of the disclosed leadership information under Exchange Act requirements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
