Farmer Mac amends bylaws, reports annual meeting results

FEDERAL AGRICULTURAL MORTGAGE CORP

Bylaws amended: executive officer defined as EVP or higher (previously SVP+); CEO may appoint SVP and below.
Audit Committee oversight clarified to include internal audit leader; Enterprise Risk Committee gains AI oversight.
Annual meeting: all 10 director nominees elected, PwC ratified as auditor, say-on-pay advisory approved.
Five directors appointed by U.S. President continue to serve until pleasure.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.99

FEDERAL AGRICULTURAL MORTGAGE CORP: On May 15, 2025, the Board adopted amendments to Farmer Mac's by-laws, including updating executive officer definitions, changing Controller to Chief Accounting Officer, and clarifying committee responsibilities across eight standing committees including new oversight of AI risks (effective 2025-05-15).

Change: bylaw amendment
Effective: 2025-05-15

Exact text from the filing

On May 15, 2025, the Board of Directors (“ Board ”) of the Federal Agricultural Mortgage Corporation (“ Farmer Mac ”) adopted amendments to Farmer Mac’s by-laws, as amended and restated (“ By-Laws ”).

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Source: SEC EDGAR

accession 0000845877-25-000164

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