Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 34

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 34
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 time, the Corporate Governance Committee believes that it is important for the Board to have members with experience in strategic planning, risk management, and other relevant areas. Dr. Faivre, Ms. Gales, Ms. Wilcher, and Messrs. Culver, Davidson, Engebretsen, Junkins, Johnson, Plagge, Riel, Sexton, Shaw, Stones, and Ware have experience in strategic planning. Dr. Faivre, Ms. Gales, and Messrs. Culver, Davidson, Engebretsen, Johnson, Plagge, Riel, Sexton, and Shaw have experience in risk assessment, management, and control. Ms. Wilcher and Messrs. Culver, Engebretsen, Plagge, Riel, Sexton, and Ware bring to the Board relevant cybersecurity oversight or information technology experience. Dr. Faivre, Ms. Gales, Ms. Wilcher, and Messrs. Culver, Junkins, Plagge, Riel, Sexton, and Ware bring to the Board relevant experience in human capital management and talent development. Dr. Faivre and Messrs. Engebretsen, Junkins, Johnson, Plagge, Sexton, and Stones bring to the Board relevant marketing and public relations experience. Dr. Faivre, Ms. Gales, and Messrs. Culver, Davidson, Engebretsen, Johnson, McKissack, Plagge, Riel, Sexton, Shaw, and Ware bring to the Board relevant experience from current or previous service on other boards. Dr. Faivre, Ms. Wilcher, and Messrs. Culver, Engebretsen, Junkins, Johnson, McKissack, Plagge, Riel, Sexton, Stones, and Ware have relevant experience as an executive.

That a director is n ot named in the discussion of a particular attribute does not mean that the director does not possess that qualification or skill, but that it is not a specific area of focus or expertise on which the Board currently relies.

| 23 |

| PROPOSAL 1: ELECTION OF DIRECTORS |

| 2025 Board Qualifications and Skills |

| Compensation of Directors |

In November 2023, the Board approved an increase to the base annual cash retainer payable to each director from $66,500 to $69,000 for 2024. The Board also approved an increase to the targeted value for the annual equity award granted to each director from