---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-25-000164"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T23:21:28.266828+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac amends bylaws, reports annual meeting results

## Summary
- 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.

## SEC filing metadata
- accession: 0000845877-25-000164
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587725000164/0000845877-25-000164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587725000164/agm-20250515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-25-000164
- JSON: https://secwatch.observer/filing/0000845877-25-000164.json
- Plain text: https://secwatch.observer/filing/0000845877-25-000164.txt

## Key facts
- Governance Changes
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/845877/000084587725000164/0000845877-25-000164-index.htm

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