secwatch / observer

FEDERAL AGRICULTURAL MORTGAGE CORP — fact timeline

Source-grounded facts extracted from FEDERAL AGRICULTURAL MORTGAGE CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

AGM FEDERAL AGRICULTURAL MORTGAGE CORP JSON

Robert J. Maines was appointed as Executive Vice President – Chief Operations Officer at FEDERAL AGRICULTURAL MORTGAGE CORP.

“On August 12, 2026, the Board of Directors (“Board”) of the Federal Agricultural Mortgage Corporation (“Farmer Mac”) appointed Robert J. Maines (“Mr. Maines”) to serve as Farmer Mac’s Executive Vice President – Chief Operations Officer, effective August 17, 2026 (the “Effective Date”).”

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

“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.”

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

“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.”
Shareholder Votes

FEDERAL AGRICULTURAL MORTGAGE CORP shareholders approved Advisory vote to approve compensation of named executive officers at the 2026-05-14 meeting.

“Listed below are the preliminary results for the stockholder Say-on-Pay advisory vote (Class A votes and Class B votes combined): Number of Votes For 918,463 Against 101,861 Abstain 75,960 Broker Non-Votes 108,522”
Shareholder Votes

FEDERAL AGRICULTURAL MORTGAGE CORP shareholders approved Ratification of selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-05-14 meeting.

“Listed below are the preliminary results for the stockholder vote on the ratification of that selection (Class A votes and Class B votes combined): Number of Votes For 1,132,859 Against 108,540 Abstain 63,680 Broker Non-Votes None”
Shareholder Votes

FEDERAL AGRICULTURAL MORTGAGE CORP shareholders approved Election of ten directors at the 2026-05-14 meeting.

“On May 14, 2026, Farmer Mac held its Annual Meeting of Stockholders. At that meeting, the holders of Farmer Mac’s voting common stock: (1) elected all ten of the nominees for director on the ballot and identified in Farmer Mac’s Proxy Statement previously filed on April 13, 2026 (“Proxy Statement”); (2) ratified the selection of PricewaterhouseCoopers LLP as Farmer Mac’s independent registered public accounting firm for the fiscal year ending December 31, 2026; and (3) approved an advisory proposal approving the compensation of Farmer Mac’s named executive officers as described in the Proxy Statement.”
Earnings Releases

FEDERAL AGRICULTURAL MORTGAGE CORP reported financial results for the fiscal quarter ended March 31, 2026.

“On May 5, 2026, the Federal Agricultural Mortgage Corporation (“ Farmer Mac ”) issued a press release to announce (1) its financial results for the quarterly period ended March 31, 2026”
Governance Changes

FEDERAL AGRICULTURAL MORTGAGE CORP: Amended and restated By-Laws to authorize Treasurer role, remote shareholder meetings, and other administrative updates (effective 2026-01-27).

“On January 27, 2026, the Board of Directors (“ Board ”) of the Federal Agricultural Mortgage Corporation (“ Farmer Mac ”) amended and restated Farmer Mac’s by-laws (“ By-Laws ”).”
Governance Changes

FEDERAL AGRICULTURAL MORTGAGE CORP: On May 15, 2025, the Board adopted amendments to Farmer Mac's by-laws, including updating executive officer definitions, changing Controller to Chief Accounting Officer, and clarifying committee responsibilities across eight standing committees including new oversight of AI risks (effective 2025-05-15).

“On May 15, 2025, the Board of Directors (“ Board ”) of the Federal Agricultural Mortgage Corporation (“ Farmer Mac ”) adopted amendments to Farmer Mac’s by-laws, as amended and restated (“ By-Laws ”).”

Daniel L. Shaw was appointed as Director at FEDERAL AGRICULTURAL MORTGAGE CORP.

“Daniel L. Shaw of Edgar, Nebraska became a member of the Board of Directors (“Board”) of the Federal Agricultural Mortgage Corporation (“Farmer Mac”) on March 26, 2025.”

Roy H. Tiarks departed as Director at FEDERAL AGRICULTURAL MORTGAGE CORP.

“the vacancy created by the death of former Board member Roy H. Tiarks in February 2025.”
Earnings Releases

FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended March 31, 2024 results: net income $47.0 million, EPS $4.28.

“Net income attributable to common stockholders grew 17% year-over-year to $47.0 million”
Earnings Releases

FEDERAL AGRICULTURAL MORTGAGE CORP reported financial results for the fiscal quarter and year ended December 31, 2023.

“On February 23, 2024, the Federal Agricultural Mortgage Corporation (“ Farmer Mac ”) issued a press release to announce (1) its financial results for the fiscal quarter and year ended December 31, 2023 and (2) a conference call to discuss those results and Farmer Mac’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023.”
Earnings Releases

FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended September 30, 2023 results: net income $51.3 million, EPS $4.69 per diluted share.

“Farmer Mac Reports Third Quarter 2023 Results - Outstanding Business Volume of $27.7 Billion”
Earnings Releases

FEDERAL AGRICULTURAL MORTGAGE CORP reported fiscal quarter ended June 30, 2023 results: net income $40.4 million, EPS $3.70.

“On August 7, 2023, the Federal Agricultural Mortgage Corporation (“ Farmer Mac ”) issued a press release to announce (1) its financial results for the fiscal quarter ended June 30, 2023”
Shareholder Votes

FEDERAL AGRICULTURAL MORTGAGE CORP shareholders approved Advisory Vote to Approve Frequency of Future Advisory Votes on Compensation of Farmer Mac's Named Executive Officers (Say-on-Frequency) at the 2023-05-18 meeting.

“Listed below are the final results for the stockholder Say-on-Frequency advisory vote (Class A votes and Class B votes combined): Number of Votes One Year 790,364 Two Years 1,500 Three Years 220,453 Abstain 166,753 Broker Non-Votes 80,005”
Shareholder Votes

FEDERAL AGRICULTURAL MORTGAGE CORP shareholders approved Advisory Vote to Approve Compensation of Farmer Mac's Named Executive Officers (Say-on-Pay) at the 2023-05-18 meeting.

“Listed below are the final results for the stockholder Say-on-Pay advisory vote (Class A votes and Class B votes combined): Number of Votes For 1,012,521 Against 1,188 Abstain 165,361 Broker Non-Votes 80,005”
Shareholder Votes

FEDERAL AGRICULTURAL MORTGAGE CORP shareholders approved Ratification of Selection of PricewaterhouseCoopers LLP as Farmer Mac's Independent Registered Public Accounting Firm for 2023 at the 2023-05-18 meeting.

“Listed below are the final results for the stockholder vote on the ratification of that selection (Class A votes and Class B votes combined): Number of Votes For 1,225,591 Against 1,044 Abstain 2,440 Broker Non-Votes None”
Shareholder Votes

FEDERAL AGRICULTURAL MORTGAGE CORP shareholders approved Election of Directors at the 2023-05-18 meeting.

“Listed below are the final results for the election of directors (by class, with cumulative voting): Class A Stockholders Nominee Number of Votes For Broker Non-Votes Dennis L. Brack 604,825 80,005 James R. Engebretsen 607,711 80,005 Mitchell A. Johnson 606,035 80,005 Eric T. McKissack 527,165 80,005 Todd P. Ware 609,657 80,005 Class B Stockholders Nominee Number of Votes For Broker Non-Votes Richard H. Davidson 527,569 None Everett M. Dobrinski 628,897 None Amy H. Gales 436,282 None Robert G. Sexton 124,327 None Roy H. Tiarks 527,569 None”
Earnings Releases

FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended March 31, 2023 results: revenue $79.1 million, net income $40.2 million, EPS $3.69 per diluted share.

“cycles.” First Quarter 2023 Highlights • Added $1.7 billion of gross business volume, resulting in net growth of $0.6 billion • Net interest income grew 21% year-over-year to $79.1 million • Net effective spread 1 increased 33% from the prior-year period to a record $77.2 million • Net income attributable to common stockholders was $40.2 million, compared to $44.7”
Earnings Releases

FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal year ended December 31, 2022 results: revenue $270.9 million, net income $151.0 million, EPS $13.87.

“Full Year 2022 and Recent Highlights • Added $9.0 billion of gross business volume, resulting in net growth of $2.3 billion • Net interest income grew 22% year-over-year to $270.9 million • Net effective spread 1 increased 16% from the prior-year period to a record $255.5 million • Net income attributable to common stockholders increased 36% year-over-year to $151.0 million • Record core earnings 1 of $124.3 million, or $11.42 per diluted common share, reflecting 9% growth year-over-year • 90-day delinquencies were 0.17% across the entire $25.9 billion portfolio as of year-end • Maintained strong capital position with total core capital of $1.3 billion, exceeding statutory requirement by 64% and a Tier 1 Capital Ratio of 14.9% as of year-end • On February 22, 2023, Farmer Mac's Board of Directors raised the quarterly dividend on common stock by 16% to $1.10 per share, the twelfth consecutive annual increase $ in thousands, except per share amounts Quarter Ended Year Ended Dec. 31, 2022”
Earnings Releases

FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended December 31, 2022 results: revenue $73,635, EPS $3.36.

“$ in thousands, except per share amounts Quarter Ended Year Ended Dec. 31, 2022 Dec. 31, 2021 YoY % Change Dec. 31, 2022 Dec. 31, 2021 % Change Net Change in Business Volume $595,444 $495,672 N/A $2,307,619 $1,690,368 N/A Net Interest Income (GAAP) $73,635 $53,836 37% $270,940 $221,951 22% Net Effective Spread (Non-GAAP) $71,103 $54,333 31% $255,529 $220,668 16% Diluted EPS (GAAP) $3.36 $2.49 35% $13.87 $10.27 35% Core EPS (Non-GAAP) $3.16 $2.76 14% $11.42 $10.47 9%”
Earnings Releases

FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended September 30, 2022 results: net income $34.6 million, EPS $3.18 per diluted common share.

“Farmer Mac's net income attributable to common stockholders for third quarter 2022 was $34.6 million ($3.18 per diluted common share)”

Myles J. Watts departed as Director at FEDERAL AGRICULTURAL MORTGAGE CORP.

“Mr. Culver replaces Myles J. Watts on Farmer Mac’s Board, who had served since September 2010.”

Chester J. Culver was appointed as Director at FEDERAL AGRICULTURAL MORTGAGE CORP.

“Chester J. Culver of West Des Moines, Iowa became a member of the Board of Directors (“Board”) of the Federal Agricultural Mortgage Corporation (“Farmer Mac”) on May 23, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.