8-K - AGCO - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

October 21, 2021

Date of Report

(Date of earliest event reported)

AGCO CORPORATION

(Exact name of Registrant as specified in its charter)

Delaware	001-12930	58-1960019
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

4205 River Green Parkway

Duluth, Georgia 30096

(Address of principal executive offices, including Zip Code)

770 813-9200

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act
Title of Class	Trading Symbol	Name of exchange on which registered
Common stock	AGCO	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 5.02	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 21, 2021, AGCO Corporation (“the Company”) announced the election of Niels Pörksen to its Board of Directors effective the same day. Mr. Pörksen has been appointed to serve on the Governance Committee and the Talent and Compensation Committee. Mr. Pörksen is Chairman and Chief Executive Officer at Südzucker AG (XTRA-SZU), which is headquartered in Mannheim, Germany and is the largest sugar producer in the world.

The Company also announced that Mr. Roy Armes is retiring from the Board of Directors effective October 21, 2021.

A copy of the Company’s press release dated October 21, 2021, announcing the appointment of Mr. Pörksen and Mr. Armes’ retirement, is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01.	Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press release dated October 21, 2021.
104	Cover Page Interactive Data File - the cover page from this Current Report on Form 8-K is formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AGCO Corporation
By:	/s/ Andrew H. Beck
	Andrew H. Beck<br>Senior Vice President and<br>Chief Financial Officer

Dated: October 21, 2021

Document

NEWS RELEASE

www.agcocorp.com

For Immediate Release

CONTACT: Greg Peterson

Vice President, Investor Relations

(770) 232-8229

greg.peterson@agcocorp.com

AGCO APPOINTS NIELS PÖRKSEN TO ITS BOARD OF DIRECTORS

DULUTH, GA – October 21, 2021 – AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural machinery and precision ag technology, announced today the election of Niels Pörksen to its Board of Directors effective October 21, 2021. “We are delighted to have Niels join our Board,” said Eric Hansotia, Chairman, President and CEO of AGCO Corporation. “His European experience and wealth of knowledge in the global agricultural industry will be invaluable as we continue to evolve AGCO’s smart solutions for our farmer customers. He will provide an important perspective and contribution to our Board.”

Roy Armes is retiring from the Board of Directors effective October 21, 2021. “Roy has made an extraordinary contribution to AGCO and its Board and we are extremely grateful for Roy’s guidance and leadership over the years,” Mr. Hansotia added.

Mr. Pörksen, who is 58, is Chairman and Chief Executive Officer at Südzucker AG (XTRA- SZU), the largest global sugar producer which is headquartered in Mannheim, Germany. Mr. Pörksen joined Südzucker in 2020. Previously, he served as Group Executive of Portfolio Solutions at Nufarm, a leading agricultural chemical company in Australia. Prior to Nufarm, he held various leadership positions with BASF in Germany. Mr. Pörksen earned a master’s degree and a PhD, in Agricultural Sciences from the University of Kiel, Christian-Albrechts-Universität Kiel, Germany.

About AGCO:

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger, Fendt, GSI, Massey

Ferguson and Valtra. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $9.1 billion in 2020. For more information, visit www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

Please visit our website at www.agcocorp.com

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