Farmer Mac sets July 1, 2026 effective date for CEO succession; Nordholm to retire, Carpenter takes over

FEDERAL AGRICULTURAL MORTGAGE CORP

CEO Bradford T. Nordholm to retire on July 1, 2026, earlier than planned March 31, 2027.
Zachary N. Carpenter, current President & COO, becomes CEO effective July 1, 2026.
Nordholm will serve as senior advisor and CEO Emeritus through September 30, 2026.
Board approved amended employment agreement for Nordholm with prorated bonus and RSU vesting.
Carpenter was named successor in September 2025; transition described as seamless.

item 5.02 item 7.01 item 9.01

Executive movements

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

Appointed

Zachary N. Carpenter

Chief Executive Officer

AGM · FEDERAL AGRICULTURAL MORTGAGE CORP

Effective: 2026-07-01
Filed: June 8, 2026, 4:24 PM ET

On June 3, 2026, the Board affirmed that Zachary N. Carpenter (“Mr. Carpenter”) would begin service as Farmer Mac’s Chief Executive Officer on July 1, 2026.

Departed

Bradford T. Nordholm

Chief Executive Officer

AGM · FEDERAL AGRICULTURAL MORTGAGE CORP

Effective: 2026-07-01
Successor: Zachary N. Carpenter
Filed: June 8, 2026, 4:24 PM ET

On June 3, 2026, the Board of Directors (the “Board”) and Mr. Nordholm agreed to terms for Mr. Nordholm’s earlier retirement as Chief Executive Officer of Farmer Mac effective as of July 1, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Zachary N. Carpenter was appointed as Chief Executive Officer at FEDERAL AGRICULTURAL MORTGAGE CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On June 3, 2026, the Board affirmed that Zachary N. Carpenter (“Mr. Carpenter”) would begin service as Farmer Mac’s Chief Executive Officer on July 1, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bradford T. Nordholm retired as Chief Executive Officer at FEDERAL AGRICULTURAL MORTGAGE CORP.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

On June 3, 2026, the Board of Directors (the “Board”) and Mr. Nordholm agreed to terms for Mr. Nordholm’s earlier retirement as Chief Executive Officer of Farmer Mac effective as of July 1, 2026.

View on SEC.gov

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Source: SEC EDGAR

accession 0000845877-26-000116

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