---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-22-000132"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2022-05-24T23:59:59+00:00"
generated_at: "2026-06-25T07:53:42.318991+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000845877-22-000132
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2022-05-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587722000132/0000845877-22-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587722000132/agm-20220519.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-22-000132
- JSON: https://secwatch.observer/filing/0000845877-22-000132.json
- Plain text: https://secwatch.observer/filing/0000845877-22-000132.txt

## Key facts
- Executive change
  Chester J. Culver was appointed as Director at FEDERAL AGRICULTURAL MORTGAGE CORP.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/845877/000084587722000132/0000845877-22-000132-index.htm
- Executive change
  Myles J. Watts departed as Director at FEDERAL AGRICULTURAL MORTGAGE CORP.
  - Action: replaced
  - Role: Director
  source text: Mr. Culver replaces Myles J. Watts on Farmer Mac’s Board, who had served since September 2010.
  evidence_url: https://www.sec.gov/Archives/edgar/data/845877/000084587722000132/0000845877-22-000132-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.