Chester J. Culver (former Iowa governor) joins Farmer Mac Board on May 23, replacing Watts

FEDERAL AGRICULTURAL MORTGAGE CORP

Chester J. Culver appointed by President Biden, confirmed by Senate, effective May 23, 2022, replacing Myles J. Watts.
Culver will serve on Enterprise Risk, Public Policy & CSR, and Credit Risk Committees.
Annual meeting: all 10 director nominees elected; PwC ratified as auditor; say-on-pay approved.
Culver receives pro-rata equity grant and pro-rated annual retainer as director compensation.

item 5.02 item 5.07

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Chester J. Culver

Director

AGM · FEDERAL AGRICULTURAL MORTGAGE CORP

Effective: 2022-05-23
Filed: May 24, 2022, 7:59 PM ET

Chester J. Culver of West Des Moines, Iowa became a member of the Board of Directors (“Board”) of the Federal Agricultural Mortgage Corporation (“Farmer Mac”) on May 23, 2022.

Departed

Myles J. Watts

Director

AGM · FEDERAL AGRICULTURAL MORTGAGE CORP

Effective: 2022-05-23
Successor: Chester J. Culver
Filed: May 24, 2022, 7:59 PM ET

Mr. Culver replaces Myles J. Watts on Farmer Mac’s Board, who had served since September 2010.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Chester J. Culver was appointed as Director at FEDERAL AGRICULTURAL MORTGAGE CORP.

Action: appointed
Role: Director

Exact text from the filing

Chester J. Culver of West Des Moines, Iowa became a member of the Board of Directors (“Board”) of the Federal Agricultural Mortgage Corporation (“Farmer Mac”) on May 23, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Myles J. Watts departed as Director at FEDERAL AGRICULTURAL MORTGAGE CORP.

Action: replaced
Role: Director

Exact text from the filing

Mr. Culver replaces Myles J. Watts on Farmer Mac’s Board, who had served since September 2010.

View on SEC.gov

FEDERAL AGRICULTURAL MORTGAGE CORP filing history →

Source: SEC EDGAR

accession 0000845877-22-000132

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