8-K
filed October 7, 2026, 5:21 PM ET
ticker VYLR
CIK 0002128626
other material
confidence high
sentiment neutral
materiality 0.72
Corteva completes seed-unit spin-off; Vylor (VYLR) starts with $4.5B revolvers, $761M cash paid to EIDP
Vylor Inc.
- Corteva completed separation of its seed business into Vylor Inc. at 12:03 a.m. ET Oct 1, 2026; 667,302,930 Vylor shares distributed pro rata to Corteva holders of record Sept 24, 2026.
- Vylor issued 667.3M shares to EIDP for 100% of Pioneer Hi-Bred International; EIDP also got ~$761M cash and Vylor assumed EIDP notes: $500M 2.300% 2030, $500M 5.125% 2032, $600M 4.800% 2033.
- New $3,000M five-year and $1,500M 364-day revolvers funded Oct 1; PHI drew $1,578M and $1,500M to repay $3,078M under its $3,500M BBVA bilateral facility, which then ceased to be effective.
- Charles V. Magro named CEO of Vylor; David P. Johnson remains CFO; Colleen Hopper is VP Corporate Finance and Principal Accounting Officer. Board has seven members, chaired by Karen H. Grimes.
- Board adopted 2026 Omnibus Incentive Plan, ESPP effective Jan 1, 2027, and a Change in Control Severance Plan giving the CEO 3x pay in a covered period; PwC named auditor for FY2026.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David P. Johnson resigned as Director at Vylor Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with the Separation, Mr. Johnson and Ms. Johnson resigned from their respective positions as members of the Board effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Marcos M. Lutz was appointed as Director at Vylor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of Karen H. Grimes (Chair), Victor J. Aguilar, Rajesh Kalathur, Marcos M. Lutz, Charles V. Magro, Johannes J. Oosthuizen and Kerry J. Preete as a member of the Board, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.92
Jennifer A. Johnson was appointed as Chief Legal Officer and Corporate Secretary at Vylor Inc..
- Action
- appointed
- Role
- Chief Legal Officer and Corporate Secretary
Exact text from the filing
Name Age Office(s) Charles V. Magro 56 Chief Executive Officer David P. Johnson 59 Chief Financial Officer Dr. Samuel R. Eathington 57 Chief Technology Officer Judd M. O’Connor 55 Chief Commercial & Operations Officer Jennifer A. Johnson 51 Chief Legal Officer and Corporate Secretary Audrey Grimm 45 Chief People Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Charles V. Magro was appointed as Director at Vylor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of Karen H. Grimes (Chair), Victor J. Aguilar, Rajesh Kalathur, Marcos M. Lutz, Charles V. Magro, Johannes J. Oosthuizen and Kerry J. Preete as a member of the Board, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles V. Magro was appointed as Chief Executive Officer at Vylor Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
In connection with the Separation, the Board appointed each person set forth in the table below as executive officers of the Company in the positions set forth beside such person’s name, in each case, effective as of the Effective Time, except that Mr. Johnson continued to serve as Chief Financial Officer of the Company. Name Age Office(s) Charles V. Magro 56 Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.92
Audrey Grimm was appointed as Chief People Officer at Vylor Inc..
- Action
- appointed
- Role
- Chief People Officer
Exact text from the filing
Name Age Office(s) Charles V. Magro 56 Chief Executive Officer David P. Johnson 59 Chief Financial Officer Dr. Samuel R. Eathington 57 Chief Technology Officer Judd M. O’Connor 55 Chief Commercial & Operations Officer Jennifer A. Johnson 51 Chief Legal Officer and Corporate Secretary Audrey Grimm 45 Chief People Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Johannes J. Oosthuizen was appointed as Director at Vylor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of Karen H. Grimes (Chair), Victor J. Aguilar, Rajesh Kalathur, Marcos M. Lutz, Charles V. Magro, Johannes J. Oosthuizen and Kerry J. Preete as a member of the Board, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Rajesh Kalathur was appointed as Director at Vylor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of Karen H. Grimes (Chair), Victor J. Aguilar, Rajesh Kalathur, Marcos M. Lutz, Charles V. Magro, Johannes J. Oosthuizen and Kerry J. Preete as a member of the Board, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Colleen Hopper was named as Vice President, Corporate Finance and Principal Accounting Officer at Vylor Inc..
- Action
- named
- Role
- Vice President, Corporate Finance and Principal Accounting Officer
Exact text from the filing
Effective as of the Effective Time, Colleen Hopper, age 47, was named Vice President, Corporate Finance and Principal Accounting Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Kerry J. Preete was appointed as Director at Vylor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of Karen H. Grimes (Chair), Victor J. Aguilar, Rajesh Kalathur, Marcos M. Lutz, Charles V. Magro, Johannes J. Oosthuizen and Kerry J. Preete as a member of the Board, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Karen H. Grimes was appointed as Chair of the Board at Vylor Inc..
- Action
- appointed
- Role
- Chair of the Board
Exact text from the filing
In connection with the Separation, to fill the vacancies created by the foregoing director resignations and the expansion of the size of the Board, the Board appointed each of Karen H. Grimes (Chair), Victor J. Aguilar, Rajesh Kalathur, Marcos M. Lutz, Charles V. Magro, Johannes J. Oosthuizen and Kerry J. Preete as a member of the Board, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jennifer A. Johnson resigned as Director at Vylor Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with the Separation, Mr. Johnson and Ms. Johnson resigned from their respective positions as members of the Board effective as of the Effective Time. Effective as of the Effective Time, the Board increased its size from two members to seven members.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.8
Judd M. O’Connor was appointed as Chief Commercial & Operations Officer at Vylor Inc..
- Action
- ceased serving as President; appointed Chief Commercial & Operations Officer
- Role
- Chief Commercial & Operations Officer
Exact text from the filing
In connection with the Separation, Mr. O’Connor ceased serving as President of the Company, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.93
Victor J. Aguilar was appointed as Director at Vylor Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed each of Karen H. Grimes (Chair), Victor J. Aguilar, Rajesh Kalathur, Marcos M. Lutz, Charles V. Magro, Johannes J. Oosthuizen and Kerry J. Preete as a member of the Board, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.92
Samuel R. Eathington was appointed as Chief Technology Officer at Vylor Inc..
- Action
- appointed
- Role
- Chief Technology Officer
Exact text from the filing
Name Age Office(s) Charles V. Magro 56 Chief Executive Officer David P. Johnson 59 Chief Financial Officer Dr. Samuel R. Eathington 57 Chief Technology Officer Judd M. O’Connor 55 Chief Commercial & Operations Officer Jennifer A. Johnson 51 Chief Legal Officer and Corporate Secretary Audrey Grimm 45 Chief People Officer
View on SEC.gov
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