Company: AGM-PH
Filing Date: 2025-05-21
Form Type: 8-K
Source: 0000845877-25-000164
Chunk: 1

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-21
Form: 8-K
Item: Item 5.03
Chunk 1
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 Credit Committee’s oversight responsibilities include oversight of credit risk concentrations and review of agreed-upon key performance indicators to monitor current credit-related risks and identify emerging risks. This section was also amended to clarify that the Credit Committee’s oversight includes the responsibility to appoint, retain, evaluate, provide input on compensation, and oversee the work of the leader of Farmer Mac’s internal credit review function.

◦Section 10(e) (Standing Committees; Enterprise Risk Committee): This section was amended to extend the Enterprise Risk Committee’s oversight responsibilities to include primary oversight of risks related to Farmer Mac’s use of artificial intelligence (AI).

◦Section 10(f) (Standing Committees; Finance Committee): This section was amended to clarify that the Finance Committee’s oversight responsibilities include review of agreed-upon key performance indicators to monitor current finance-related risks and identify emerging risks.

◦Section 10(g) (Standing Committees; Human Capital and Compensation Committee): This section was amended to clarify that the Human Capital and Compensation Committee’s oversight responsibilities include oversight of Farmer Mac’s human resource policies, including those related to equal employment opportunity and the employee experience.

◦Section 10(h) (Standing Committees; Public Policy and Corporate Social Responsibility Committee): This section was amended to clarify that the Public Policy and Corporate Social Responsibility Committee’s oversight responsibilities include matters regarding the impact of Farmer Mac’s corporate social responsibility policies and practices on stakeholders and the development of Farmer Mac’s philanthropic strategy.

•Article IX (Contracts, Loans, Checks, Deposits and Statements): Section 1 (Contracts) of Article IX of the By-Laws was amended to update the reference to the role of Enterprise Risk Officer to Chief Risk Officer.

The foregoing summary of the amendments to the By-Laws does not purport to be complete and is qualified in its entirety by reference to the complete text of the By-Laws as amended by the Board through May 15, 2025, which is filed asExhibit 3.1 to this report and incorporated by reference into this report in its entirety.

Item 5.07 Submission of Matters to a Vote of Security Holders.