---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-25-000244"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2025-09-30T23:59:59+00:00"
generated_at: "2026-05-17T05:20:45.877544+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac CEO Nordholm to retire by March 2027; Carpenter named President/COO and successor CEO

## Summary
- Bradford T. Nordholm to retire as CEO on March 31, 2027; resigned as President effective Sept 25, 2025.
- Zachary N. Carpenter appointed President and COO, effective Sept 25, 2025; to become CEO on April 1, 2027 or earlier.
- Nordholm's employment agreement extended to March 31, 2027; fixed 2027 incentive salary of $200,000; $1.5M RSU grant in March 2026.
- Carpenter's base salary raised to $575,000 as President/COO; future CEO base salary at least $650,000 with 80% target bonus.
- Carpenter's CEO Employment Agreement includes two-year non-compete, severance equal to base salary plus bonus, and COBRA continuation.

## SEC filing metadata
- accession: 0000845877-25-000244
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2025-09-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587725000244/0000845877-25-000244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587725000244/agm-20250925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-25-000244
- JSON: https://secwatch.observer/filing/0000845877-25-000244.json
- Plain text: https://secwatch.observer/filing/0000845877-25-000244.txt

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