---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-26-000116"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2026-06-08T20:24:52+00:00"
generated_at: "2026-06-08T20:26:58.888402+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000845877-26-000116
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2026-06-08T20:24:52+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587726000116/0000845877-26-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587726000116/agm-20260603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-26-000116
- JSON: https://secwatch.observer/filing/0000845877-26-000116.json
- Plain text: https://secwatch.observer/filing/0000845877-26-000116.txt

## Key facts
- Executive change
  Zachary N. Carpenter was appointed as Chief Executive Officer at FEDERAL AGRICULTURAL MORTGAGE CORP.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/845877/000084587726000116/0000845877-26-000116-index.htm
- Executive change
  Bradford T. Nordholm retired as Chief Executive Officer at FEDERAL AGRICULTURAL MORTGAGE CORP.
  - Action: retired
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/845877/000084587726000116/0000845877-26-000116-index.htm

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