# EDGAR Filing Document

**Accession Number:** 0000845877
**File Stem:** 0000845877-25-000240
**Filing Date:** 2025-9
**Character Count:** 13324
**Document Hash:** 4d9cff54162752135f031d539606d67e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000845877-25-000240.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0000845877-25-000240

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250925

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERAL AGRICULTURAL MORTGAGE CORP
- **CENTRAL INDEX KEY:** 0000845877
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 521578738
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14951
- **FILM NUMBER:** 251344018

**BUSINESS ADDRESS:**
- **STREET 1:** 2100 PENNSYLVANIA AVE NW
- **STREET 2:** SUITE 450N
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20037
- **BUSINESS PHONE:** 2028727700

**MAIL ADDRESS:**
- **STREET 1:** 2100 PENNSYLVANIA AVE NW
- **STREET 2:** SUITE 450N
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20037

?xml version='1.0' encoding='ASCII'? agm-20250925

**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): September 25, 2025

**FEDERAL AGRICULTURAL MORTGAGE CORPORATION** 

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Federally chartered instrumentality** <br>**of the United States** | **001-14951** | **52-1578738** |
| (State or Other Jurisdiction<br>of Incorporation) | (Commission<br>File Number) | (IRS Employer Identification No.) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2100 Pennsylvania Ave., NW, Suite 450 N** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2100 Pennsylvania Ave., NW, Suite 450 N** | **20037** |
| **Washington,** | **DC** |  |
| (Address of Principal Executive Offices) | (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:

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| | | |
|:---|:---|:---|
| 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 |
| 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 |
| 6.500% Non-Cumulative Preferred Stock, Series H | AGM.PRH | 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. ☐

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**Item 7.01 Regulation FD Disclosure.**

On September 25, 2025, the Federal Agricultural Mortgage Corporation ("Farmer Mac") issued a press release to announce the planned retirement of its Chief Executive Officer Bradford T. Nordholm on March 31, 2027. Farmer Mac also announced that its Board of Directors has appointed Zachary N. Carpenter as the company's President and Chief Operating Officer effective immediately and has named Mr. Carpenter as the successor to Mr. Nordholm upon his retirement. 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 ("Exchange Act"), or otherwise subject to the liabilities of that Section, nor will any of such information or portion of Exhibit 99 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 that filing.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| <u>[99](a20250925farmermacannounce.htm)</u> | <u>[Press Release dated September 25, 2025.](a20250925farmermacannounce.htm)</u> |
| 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. |

---

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**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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: <u>/s/ Geraldine I. Hayhurst&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: Geraldine I. Hayhurst

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: Executive Vice President – Chief Legal Officer

Dated: September 25, 2025

## Ex-99

![image_0.jpg](image_0.jpg)

**Farmer Mac Announces Retirement of Chief Executive Officer Bradford T. Nordholm and Appoints Zachary N. Carpenter President and Chief Operating Officer, Who Will Become CEO Upon Current CEO's Retirement**

**WASHINGTON, D.C., September 25, 2025 –** The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, announced today the planned retirement of its Chief Executive Officer Bradford T. Nordholm on March 31, 2027. Farmer Mac also announced that its Board of Directors has appointed Zachary N. Carpenter, currently Executive Vice President – Chief Business Officer, as President and Chief Operating Officer, effective immediately, and has named Mr. Carpenter as the successor to Mr. Nordholm upon his retirement. In this role, Mr. Carpenter will take on expanded responsibility while continuing to work with the executive team and Mr. Nordholm.

Mr. Nordholm was appointed as Farmer Mac's President and Chief Executive Officer in October 2018. Under his leadership, Farmer Mac has deepened and refined its mission, ultimately for the economic prosperity of rural America. Notably, Farmer Mac doubled its annual earnings, grew outstanding business volume to over $30 billion, and delivered top-tier total shareholder returns among S&P Financials, reflecting consistent earnings growth and operational momentum.

The Board's decision to select Mr. Carpenter as the next Chief Executive Officer follows a thorough, year-long process of collaboration by the Board to define the appropriate successor profile and to conduct an internal and external search that included the evaluation of numerous qualified candidates.

Mr. Carpenter joined Farmer Mac in May 2019 after roles with increasing responsibility and diversity of experience at Johnson & Johnson, Goldman Sachs, and CoBank. By playing a key leadership role in Farmer Mac's strategic decision to diversify its loan portfolio into newer lines of business, such as Renewable Energy, Broadband Infrastructure, and Corporate Agribusiness, as well as helping to grow our Farm & Ranch and Power & Utilities businesses, he has deepened the company's mission-focused impact that is benefiting both Farmer Mac and rural America through changing market cycles. That expansion of Farmer Mac's secondary market to support the agribusiness and critical rural infrastructure sectors—from the agriculture supply chain

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supporting food, fiber and fuel production to broadband that connects historically underserved communities to reliable power systems essential for modern life—has helped more people across rural America access food, education, healthcare, economic opportunity, and stability, even in uncertain economic times. Mr. Carpenter has also been instrumental in strengthening Farmer Mac's stakeholder relationships, a core company value, by building new connections with financial institutions and strategic partners in sectors that were new to the company.

"The Board undertook a deliberate and thorough process to identify the right leader for Farmer Mac's next chapter of mission-focused growth," said Lowell L. Junkins, Board Chair. "Zack's track record, strategic vision, and deep commitment to our mission make him a great choice to step into the role of President and Chief Operating Officer. By naming Zack as Chief Executive Officer upon Brad's retirement, the Board expresses our confidence in his ability to build on Farmer Mac's strong financial momentum, commitment to mission, and culture, and guide the company to even greater impact for rural America."

"When we recruited Zack to Farmer Mac in 2019, it was with a clear vision of fully exercising the authorities Congress has provided us in service of our mission," said Mr. Nordholm. "He has delivered on that vision with exceptional skill, building entirely new business lines, extending our reach to more corners of rural America, developing strong customer relationships, and forging enduring strategic partnerships. I am proud of Zack and confident in the Board's decision to name Zack as the next CEO. His passion for rural America and his ability to turn that passion into tangible results make him exceptionally well-suited to lead Farmer Mac into the future."

"I am honored to be selected to be the President and Chief Operating Officer of Farmer Mac and grateful for the trust placed in me by the Board," said Mr. Carpenter. "Brad has played a pivotal role in strengthening and growing Farmer Mac, and as I transition into the CEO role, I look forward to continuing that progress during our next chapter of growth alongside the talented Farmer Mac team. Together, we will continue to accelerate opportunities for rural America, strengthen our relationships, and deliver on our mission that provides vital liquidity to the agricultural and rural infrastructure sectors, while continuing to build shareholder value for the long-term."

**<u>About Farmer Mac</u>**<br> Farmer Mac is driven by its mission to increase the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure. Our secondary market provides liquidity to our nation's agricultural and infrastructure businesses, supporting a vibrant and strong rural America. We offer a wide range of solutions to help meet financial institutions' growth, liquidity, risk management, and capital relief needs across diverse markets, including agriculture, agribusiness, broadband infrastructure, power and utilities, and renewable energy. We are uniquely positioned to facilitate competitive access to financing that fuels growth, innovation, and prosperity in America's rural and agricultural communities. Additional information about Farmer Mac is available on our website at <u>www.farmermac.com</u>.

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CONTACT: Jalpa Nazareth, Investor Relations<br>Lisa Meyer, Media Inquiries<br>(202) 872-7700

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