# EDGAR Filing Document

**Accession Number:** 0000845877
**File Stem:** 0000845877-25-000261
**Filing Date:** 2025-12
**Character Count:** 15418
**Document Hash:** cbd54c9243e23412373139b8cd7cd79a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000845877-25-000261.hdr.sgml**: 20251208

**ACCESSION NUMBER**: 0000845877-25-000261

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251208

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251208

**DATE AS OF CHANGE**: 20251208

**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:** 251556765

**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-20251208

**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): December 8, 2025

**FEDERAL AGRICULTURAL MORTGAGE CORPORATION** 

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **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 Avenue, N.W., Suite 450N,** | &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 Avenue, N.W., Suite 450N,** | **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))

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

***(b), (c) Departure of Certain Officers; Appointment of Certain Officers***

On December 8, 2025, the Federal Agricultural Mortgage Corporation ("<u>Farmer Mac</u>") announced that Farmer Mac's Board of Directors has appointed Matthew M. Pullins ("<u>Mr. Pullins</u>"), age 47, to serve as Farmer Mac's Executive Vice President – Chief Financial Officer and Treasurer effective December 11, 2025 ("<u>Commencement Date</u>"), at which time Mr. Pullins will replace Farmer Mac's interim principal financial officer Gregory N. Ramsey ("<u>Mr. Ramsey</u>") as Farmer Mac's principal financial officer. Mr. Ramsey will continue to serve as Farmer Mac's Vice President – Chief Accounting Officer once Mr. Pullins assumes his new role.

There are no arrangements or understandings between Mr. Pullins and any other persons pursuant to which he was selected to serve as Farmer Mac's Executive Vice President – Chief Financial Officer and Treasurer. There are also no family relationships between Mr. Pullins and any director or executive officer of Farmer Mac. A description of Mr. Pullins' compensation arrangement with Farmer Mac is set forth under Item 5.02(e) of this report.

Before being appointed as an executive officer of Farmer Mac, Mr. Pullins had been employed by PNC Financial Services Group, Inc. ("<u>PNC</u>") in various capacities since 2008 – most recently as Senior Vice President, Chief Financial Officer – Capital Markets since 2022. In that role, Mr. Pullins led strategic planning, budgeting, accounting and financial reporting and oversaw financial operations for the Capital Markets business unit and led funding optimization and systems modernization initiatives. In his other roles at PNC, Mr. Pullins served as Chief Financial Officer of PNC's institutional asset management division and led the regulatory reporting and loan accounting function.

On December 8, 2025, Farmer Mac issued a press release to announce the appointment of Mr. Pullins as the Executive Vice President – Chief Financial Officer and Treasurer of Farmer Mac. A copy of the press release is attached to this report as <u>Exhibit 99</u>. All references to www.farmermac.com in <u>Exhibit 99</u> are inactive textual references only, and the information contained on Farmer Mac's website is not incorporated by reference into this report.

***(e) Compensatory Arrangements of Certain Officers***

As Farmer Mac's Executive Vice President – Chief Financial Officer and Treasurer, Mr. Pullins' starting base salary will be $550,000 per year. Mr. Pullins' short-term incentive compensation for 2025, payable in 2026, will be $275,000 and his target short-term incentive compensation for 2026, payable in 2027, is 50% of base salary.

Mr. Pullins will also be considered for grants of equity-based, long-term incentive compensation in 2026, at the same time that those grants are considered for Farmer Mac's other executive officers. The target value for those grants to Mr. Pullins will be $450,000 under the methodology prescribed in Farmer Mac's policy related to grants of equity-based compensation, subject to similar terms and conditions as will apply to similar 2026 annual long-term incentive grants made to the other executive officers of Farmer Mac.

Mr. Pullins will also be granted on the Commencement Date a one-time award of time-vested restricted stock units of Farmer Mac's Class C non-voting common stock with a target value of $250,000 under the methodology prescribed in Farmer Mac's policy related to grants of equity-based compensation, which will vest in three equal annual installments on each of December 11, 2026, December 11, 2027 and December 11, 2028, subject to Mr. Pullins' continued employment at Farmer Mac and the terms and conditions of the award. Mr. Pullins will also receive a one-time, sign-on cash bonus of a gross amount that will result in a net-of-tax payment of $150,000, which will be payable on the next available payroll 30 days following the Commencement Date and subject to a "clawback" of the full gross amount of the bonus if Mr. Pullins' employment with Farmer Mac ends voluntarily or for cause during his first 12 months of employment. Mr. Pullins will also be eligible to participate in Farmer Mac's benefit plans and programs, incentive, savings and retirement compensation programs, and other employee benefits generally available to other executive officers of Farmer Mac, including paid parking in the parking garage associated with Farmer Mac's headquarters building and participation in Farmer Mac's nonqualified deferred compensation plan and Farmer Mac's amended and restated executive severance plan.

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

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

<u>[99](a20251208farmermacpressrel.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>[Press Release dated](a20251208farmermacpressrel.htm)[December](a20251208farmermacpressrel.htm)[8](a20251208farmermacpressrel.htm)[, 2025](a20251208farmermacpressrel.htm)</u>

104&nbsp;&nbsp;&nbsp;&nbsp;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 included as Exhibit 101

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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;

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;Name: Geraldine I. Hayhurst

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

Dated: December 8, 2025

## Ex-99

![image_0a.jpg](image_0a.jpg)

**Farmer Mac Names Matthew M. Pullins<br>as EVP – Chief Financial Officer and Treasurer** 

<br> **WASHINGTON, D.C., December 8, 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, today announced the appointment of Matthew M. Pullins as its Executive Vice President – Chief Financial Officer and Treasurer, starting December 11, 2025.

Mr. Pullins brings more than two decades of experience in corporate finance, accounting, strategic planning, capital markets, and regulatory reporting, most recently serving as Senior Vice President, Chief Financial Officer – Capital Markets at PNC Financial Services Group, Inc. His career reflects a deep understanding of financial strategy, risk management, and enterprise reporting functions, developed through progressively senior leadership roles. At PNC, he oversaw the financial operations of a $1 billion revenue business unit and led strategic planning, funding optimization, and systems modernization initiatives for PNC's Capital Markets business. Earlier in his career, Mr. Pullins served as Chief Financial Officer of PNC's institutional asset management division and subsequently oversaw PNC's regulatory reporting and loan accounting activities supporting a $290 billion loan portfolio during his tenure.

Raised on a family farm in western Ohio, Mr. Pullins holds a lifelong personal connection to American agriculture. He earned his bachelor's degree in agribusiness and applied economics from The Ohio State University, where he later returned to complete his Master of Business Administration in corporate financial management. His background pairs firsthand knowledge of production agriculture and the rural communities that Farmer Mac serves with decades of experience in managing complex financial institutions.

"Matt was selected following a wide and thoughtful search. His combination of financial expertise, operational leadership, and personal connection to rural America makes him a natural fit for our company and our mission," said Bradford T. Nordholm, Chief Executive Officer of Farmer Mac. "Matt brings a strategic mindset, a proven track record of strong execution, and a values-driven leadership style that reflects who we are as an organization. We're excited to welcome him to the team as we continue building on our momentum and growing in a safe and sound way."

"Matt's extensive experience in financial services and his leadership in capital markets are a strong match for Farmer Mac's future," said Zachary N. Carpenter, Farmer Mac's President and Chief Operating Officer. "His ability to translate complex financial insights into actionable

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strategies will help us grow and innovate while staying true to our roots and our mission. I look forward to working with Matt to build on our momentum and support the evolving needs of rural America."

"I've always believed in the power of finance to support communities and strengthen the backbone of our economy—and few sectors demonstrate that more clearly than American agriculture," said Mr. Pullins. "As someone who grew up on a farm and built a career in finance, I'm honored and excited to join an institution like Farmer Mac that brings those two worlds together. I look forward to working alongside the team to deliver on our important mission supporting the people, communities, and institutions that drive the rural American economy."

Mr. Pullins is a Certified Public Accountant. He received both his M.B.A. and B.S. from The Ohio State University.

**<u>About Farmer Mac</u>**

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 www.farmermac.com.

CONTACT:

Jalpa Nazareth, Investor Relations

Lisa Meyer, Media Inquiries

(202) 872-7700

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

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