Zhanna Golodryga
appointed Zhanna Golodryga to the Board, effective as of April 1, 2025
Highest-materiality recent filing
AGCO amends bylaws to allow 25% stockholders to call special meetings
Board approved bylaw amendments on July 8, 2026, effective immediately.
AGCO Q1 net sales up 14.3% to $2.3B; adjusted EPS $0.94 vs $0.41; raises FY26 EPS outlook to ~$6.00
Net sales $2.3B +14.3% YoY; reported EPS $0.76, adjusted EPS $0.94 (vs $0.41 prior year).
All nine director nominees elected with strong support; Eric Hansotia received 63.8M for (85.7% of votes cast).
AGCO amends 2026 Annual Incentive Plan; updates metrics, targets, and adds clawback provision
CEO target set at 160% of salary; CFO at 100%; SVPs 70-90%; other participants 3-40%.
AGCO appoints James C. Collins Jr. to board; Matthew Tsien not standing for re-election
Board expanded to 10 directors; Collins appointed effective April 1, 2026, term expiring at 2026 annual meeting.
AGCO 2025 net sales down 13.5%; Q4 adjusted EPS beats; guides 2026 above 2025
Full year net sales $10.1B, down 13.5%; reported EPS $9.75 includes gain on TAFE sale.
AGCO files 2026 forms for restricted stock and performance share awards
Filed new Form of Restricted Stock Units Agreement for 2026 grants under 2006 Long-Term Incentive Plan.
AGCO Q3 adj EPS $1.35 vs $0.68 YoY; raises FY adj EPS outlook to ~$5.00
Net sales $2.5B, down 4.7% YoY; ex-currency and divestitures, down 8.4%.
AGCO completes sale of TAFE interest for $260M, after-tax proceeds ~$230M
Completed sale of ownership interest in TAFE to TAFE for $260 million aggregate consideration.
AGCO Q2 net sales down 18.8% to $2.6B; adjusted EPS $1.35 vs $2.53 a year ago
Reported EPS of $4.22 includes items from G&P divestiture; adjusted EPS $1.35.
AGCO announces $1B share repurchase program after TAFE resolution
Board authorized up to $1 billion of common stock repurchases.
AGCO and TAFE extend letter agreement expiration to Nov 28, 2025
Extends Letter Agreement expiration from July 15, 2025 to Nov 28, 2025 or upon escrow deposit for buyback.
TAFE will repurchase AGCO's remaining shareholdings in TAFE for an aggregate $260 million.
Net sales $2.1B, down 30.0% YoY; reported EPS $0.14 vs $2.25 prior year.
AGCO recasts segment data to isolate divested Grain & Protein business for 2023-2024
Divested G&P business (GSI, AP, Cumberland, Cimbria, Tecno) sold to A-AG Holdco Ltd on Nov 1, 2024.
AGCO extends TAFE letter agreement to June 30, 2025; parties in advanced settlement talks
Amendment No. 2 extends expiration of Letter Agreement from April 24, 2025 to June 30, 2025.
AGCO annual meeting approves all proposals; director Pörksen faces notable opposition
All nine director nominees elected, with Niels Pörksen receiving 59.8M for and 9.2M against.
AGCO appoints Zhanna Golodryga to Board of Directors effective April 1, 2025
Zhanna Golodryga appointed to AGCO Board, effective April 1, 2025.
AGCO 2024 adjusted EPS $7.50, sales down 19.1%; guides 2025 EPS $4.00-$4.50
Net sales $11.7B in 2024, down 19.1% YoY; reported EPS $(5.69) (includes impairment, restructuring, loss on Grain & Protein sale).
AGCO files 2025 forms of RSU and Performance Share Agreements
Form RSU agreement covers installment vesting; Retirement defined as age 65 or age 55 with 10 years' service for Senior VPs.
AGCO targets 14-15% op margin by 2029; 2025 outlook: sales ~$9.6B, EPS $4-$4.50
By 2029, targets: adjusted operating margins 14%-15%, outgrow industry by 4-5% annually, FCF conversion 75-100%.
AGCO SVP Bob Crain to retire Dec 31 after 19 years; oversaw Grain & Protein divestiture
Robert B. Crain, SVP and GM of Grain & Protein, will retire effective December 31, 2024.
Amendment effective Jan 1, 2025; expands eligibility to US-based VP, SVP+ roles.
AGCO Q3 net sales fall 24.8% to $2.6B, adjusted EPS $0.68; reaffirms 9% margin target
Q3 net sales $2.6B, down 24.8% YoY; reported EPS $0.40 vs $3.74; adjusted EPS $0.68 vs $3.97.
AGCO completes $700M divestiture of Grain & Protein business to American Industrial Partners
All-cash transaction valued at ~$700M closed November 1, 2024.
AGCO reports Q2 adjusted EPS $2.53 vs $4.29 YoY; lowers 2024 guidance to ~$8.00
Net sales $3.2B, down 15.1% YoY; reported EPS $(4.92) includes estimated loss on Grain & Protein held for sale.
AGCO sells Grain & Protein business to AIP for $700M; expects $450-$475M loss
Purchase price $700M in cash; 8.3x adjusted EBITDA multiple (TTM as of March 31, 2024).
AGCO initiates restructuring; $150-200M termination costs, up to 6% workforce cut
One-time termination benefits of $150M-$200M, mostly cash severance and benefits.
AGCO appoints Indira Agarwal as VP and Chief Accounting Officer, effective June 17, 2024
Indira Agarwal, age 48, to become VP & Chief Accounting Officer and Principal Accounting Officer on June 17, 2024.
AGCO Q1 EPS falls to $2.25; announces $2.50 special dividend; closes PTx Trimble JV
Net sales $2.9B (-12.1% YoY); reported EPS $2.25, adjusted EPS $2.32 (vs $3.10/$3.51 Q1 2023).
AGCO terminates commercial agreements with TAFE; 2023 purchases were $171.6M
AGCO gave notice to TAFE on April 26, 2024, ending commercial relationships.
AGCO shareholders elect all 10 director nominees, approve say-on-pay and KPMG ratification
All 10 board nominees elected with average support ~98% of votes cast.
AGCO extends cooperation agreement with TAFE through April 2025
AGCO and Tractors and Farm Equipment Limited (TAFE) amended their Letter Agreement on April 15, 2024.
AGCO completes $1.954B acquisition of 85% stake in PTx Trimble JV with Trimble
AGCO paid $1.954B cash for 85% interest in PTx Trimble, combining Trimble's precision ag business and AGCO's JCA Technologies.
AGCO issues $1.1B of senior notes to fund Trimble JV acquisition
Completed offering of $400M 5.450% notes due 2027 and $700M 5.800% notes due 2034; net proceeds ~$1.09B.
AGCO files OneAg financials: $515.6M revenue, $96.8M net income; $2B deal on track
OneAg generated $515.6M revenue and $96.8M net income for fiscal year ended Dec 29, 2023.
AGCO reports record full-year net sales of $14.4B; guides 2024 EPS ~$13.15
Full-year reported EPS $15.63, adjusted $15.55; operating margin 11.8% (reported), 12.0% (adjusted).
AGCO adopts standard RSU and performance share award forms under 2006 LTIP
Filed 2024 form of Restricted Stock Units Agreement (Ex-10.1) with three-year graded vesting and pro-rata acceleration for death/disability/retirement.
AGCO reports record Q3 net sales of $3.5B, raises FY adjusted EPS outlook to $15.75
Q3 net sales $3.5B (+10.7% YoY); reported EPS $3.74, adjusted EPS $3.97 (vs. $3.18 adj. Q3 2022).
AGCO to acquire 85% of Trimble Ag assets for $2B through joint venture; FY 2024 close expected
AGCO to own 85% of JV; $2B cash plus JCA Technologies contributed to Trimble.
CAO Lara Long begins leave; CFO Damon Audia assumes CAO duties without extra pay
Lara Long commenced a leave of absence on September 14, 2023.
AGCO Q2 EPS $4.26 ($4.29 adj) on record sales $3.8B (+30% YoY); raises FY outlook
Record Q2 net sales $3.8B, up ~30% YoY; operating margin 13% (record).
AGCO shareholders recommend annual say-on-pay; board adopts annual frequency
Shareholders conducted non-binding advisory vote on frequency of future executive compensation votes.
Record net sales of $3.3B (+24.1% YoY, +29.6% constant currency); record operating margin 11.6%.
All 10 director nominees elected; votes ranged from ~59.9M (Niels Pörksen) to ~63.2M (Mallika Srinivasan) in favor.
Q4 net sales $3.9B (+23.6% YoY); reported EPS $4.29, adjusted EPS $4.47.
AGCO amends retirement definition in equity awards for SVP+ to allow pro-rata vesting
Effective Jan 9, 2023, the Board amended the 'retirement' definition for equity award agreements covering Senior Vice Presidents and above.
AGCO enters $1.25B unsecured revolving credit facility, up from $800M, maturing 2027
New $1.25B unsecured revolving credit facility replaces prior $800M facility, adds $450M capacity.
AGCO holds investor day; strategy and financial outlook reaffirmed, no new numbers
Presentation covers Farmer First strategy, technology, and sustainability.
AGCO reports record Q3 net sales of $3.1B, EPS $3.18; reaffirms FY guidance
Net sales $3.1B, up 14.5% YoY (26.3% ex-currency); North America sales +42.6%, South America +49.0%.
appointed Zhanna Golodryga to the Board, effective as of April 1, 2025
succeeding Damon Audia who has served in that role since September 2023. Mr. Audia will continue to serve in his role as Senior Vice President and Chief Financial Officer.
On May 16, 2024, AGCO Corporation (the “Company”) reported that Indira Agarwal was appointed Vice President and Chief Accounting Officer of the Company, effective June 17, 2024 (the “Effective Date”).
At that time, Damon Audia assumed the responsibilities of Chief Accounting Officer of AGCO Corporation.
On July 21, 2022, AGCO Corporation (the “Company”) announced that effective December 31, 2022, Hans-Bernd Veltmaat would be retiring from the Company.
Mr. Veltmaat will be replaced by Tim Millwood.
On June 15, 2022, AGCO Corporation (the “Company”) announced that effective July 1, 2022, Andrew H. Beck would be stepping down as Chief Financial Officer and would be replaced by Damon J. Audia.
On June 15, 2022, AGCO Corporation (the “Company”) announced that effective July 1, 2022, Andrew H. Beck would be stepping down as Chief Financial Officer and would be replaced by Damon J. Audia.
announced the election of David Sagehorn to its Board of Directors effective March 15, 2022.
On October 21, 2021, AGCO Corporation (“the Company”) announced the election of Niels Pörksen to its Board of Directors effective the same day.
The Company also announced that Mr. Roy Armes is retiring from the Board of Directors effective October 21, 2021.
Max materiality 0.90 · Median 0.68 · Most common event earnings