8-K
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
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
Date of Report (Date of earliest event reported): February 8, 2023
FEDERAL AGRICULTURAL MORTGAGE CORPORATION
(Exact name of registrant as specified in its charter)
| Federally chartered instrumentality<br><br>of the United States | 001-14951 | 52-1578738 | |
|---|---|---|---|
| (State or Other Jurisdiction<br><br>of Incorporation) | (Commission<br><br>File Number) | (IRS Employer Identification No.) | |
| 1999 K Street, N.W., 4th Floor, | 20006 | ||
| Washington, | DC | ||
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code (202) 872-7700
No change
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
☐ 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 each class | Trading symbol | Exchange on which registered |
|---|---|---|
| Class A voting common stock | AGM.A | New York Stock Exchange |
| Class C non-voting common stock | AGM | New York Stock Exchange |
| 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C | AGM.PRC | New York Stock Exchange |
| 5.700% Non-Cumulative Preferred Stock, Series D | AGM.PRD | New York Stock Exchange |
| 5.750% Non-Cumulative Preferred Stock, Series E | AGM.PRE | New York Stock Exchange |
| 5.250% Non-Cumulative Preferred Stock, Series F | AGM.PRF | New York Stock Exchange |
| 4.875% Non-Cumulative Preferred Stock, Series G | AGM.PRG | 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 7.01. Regulation FD Disclosure.
On February 8, 2023, the Federal Agricultural Mortgage Corporation (“Farmer Mac”) issued a press release to announce that Farmer Mac has received a 2023 Top Workplaces USA national award. A copy of the press release is attached to this report as Exhibit 99. All references to www.farmermac.com in Exhibit 99 are inactive textual references only, and the information contained on Farmer Mac’s website is not incorporated by reference into this report.
The information furnished in this Item 7.01, including Exhibit 99, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor will any of such information or portion of the Exhibit be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 99 | Press Release dated February 8, 2023 |
|---|---|
| 104 | Cover Page Inline Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document |
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 thereunto duly authorized.
FEDERAL AGRICULTURAL MORTGAGE CORPORATION
By: /s/ Stephen P. Mullery
Name: Stephen P. Mullery
Title: Executive Vice President – General Counsel
Dated: February 8, 2023
Document
Farmer Mac Wins Top Workplaces USA Award
WASHINGTON, D.C., February 8, 2023 — Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation’s secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it has won a 2023 Top Workplaces USA national award, the respected employer recognition program that celebrates organizations across the country that have built exceptional workplace cultures.
Top Workplaces USA award recipients are determined by the results of an anonymous, research-based employee survey conducted by an independent firm. The survey measures and benchmarks employee engagement and sentiment against other organizations across the United States, and the winners are among the country’s best employers with high-performing, people-first cultures. The 2023 Top Workplaces national award marks Farmer Mac’s fifth Top Workplaces award. In 2022, the company was recognized in four Top Workplaces Culture Excellence award categories: Innovation, Employee Appreciation, Compensation & Benefits, and Leadership.
“We are honored to be recognized as one of the top workplaces in the United States, and I sincerely thank our employees for their honest participation in this survey,” said Bradford T. Nordholm, Farmer Mac’s President and CEO. “The drive and determination we see in our employees are paramount in our efforts to fuel growth, innovation, and prosperity in rural America. This award, along with the four Culture Excellence awards we achieved last year, is a gratifying reminder of the importance of supporting and cultivating a team that is passionate about fulfilling our mission and the positive impact their work has on American rural and agricultural communities.”
“At Farmer Mac, we are committed to building a workplace where everyone can be proud of their work and feel motivated every day to deliver exceptional results,” said Kerry Willie, Farmer Mac’s Chief Human Resources Officer. “Cultivating a strong and supportive culture and offering industry-leading benefits is pivotal in attracting and retaining the best and brightest workers. We will continue to focus on supporting our innovative and talented team as we deliver the capital and commitment that rural America deserves.”
About Farmer Mac
Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of credit for the benefit of American agricultural and rural communities. As the nation’s secondary market for agricultural credit, we provide financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer Mac’s customers benefit from our low cost of funds, low overhead costs, and high operational efficiency. More information about Farmer Mac is available on Farmer Mac’s website at www.farmermac.com.
CONTACT: Jalpa Nazareth, Investor Relations
Megan Murray-Pelaez, Media Inquiries
(202) 872-7700
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