AGCO Corp

NYSE:AGCOUnited States

Nov 25, 2024

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• DJ Agco Calls Director's Question for Shareholders 'Misguided' -- Market Talk, from 6:16PM ET on Monday Nov 25, 2024 by Dow Jones

  6:16PM ET on Monday Nov 25, 2024 by Dow Jones
  Companies Mentioned: AGCO
  
  1816 ET - Agco says director Mallika Srinivasan's plan to ask shareholders to vote next spring on separating the chairman and chief executive's jobs is "another misguided reaction" to Agco's decision to cancel its contract with Srinivasan's company, Tractor and Farm Equipment, or TAFE, to build and distribute Agco's Massey Ferguson-brand tractors in India, Turkey and the Middle East. Agco says in a regulatory filing that "TAFE's own interests are fundamentally misaligned with other Agco's shareholders." Srinivasan, who is Agco's largest shareholder, has been critical of Agco Chairman and CEO Eric Hansotia's management of the farm-equipment company. Agco flat in after hours trading, at $101.04. (robert.tita@wsj.com)
  

• DJ Director Wants Separate Chairman, CEO at Agco -- Market Talk, from 12:27PM ET on Monday Nov 25, 2024 by Dow Jones

  12:27PM ET on Monday Nov 25, 2024 by Dow Jones
  Companies Mentioned: AGCO
  
  1227 ET - Disgruntled Agco director Mallika Srinivasan is proposing shareholders separate the board chairman and chief executive's positions, opening a new front in a dispute with Chairman and CEO Eric Hansotia. Srinivasan's company, Tractors and Farm Equipment, or TAFE, is offering the proposal for shareholders to vote on at next year's annual meeting. Srinivasan is an Agco director and chairperson of TAFE, Agco's largest shareholder at about 16%. TAFE manufactured and distributed Massey Ferguson-brand tractors for Agco in India, Turkey and the Middle East for decades, but Agco canceled its contract with TAFE earlier this year. Srinivasan has been highly critical of Hansotia's management of the company and has lobbied for the chairman's job in the past. Shares up 5% at 103.38. (robert.tita@wsj.com)
  

• AGCO's Shareholder TAFE Proposes Independent Chair for AGCO Board, from 7:12AM ET on Monday Nov 25, 2024 by MT Newswires

  7:12AM ET on Monday Nov 25, 2024 by MT Newswires
  Companies Mentioned: AGCO
  07:12 AM EST, 11/25/2024 (MT Newswires) -- AGCO's (AGCO) largest shareholder, Tractors and Farm Equipment Limited said Monday it submitted a proposal for AGCO's 2025 Annual Meeting to require the board chair to be an independent director. TAFE said ...

• *DJ Agco's Largest Shareholder TAFE Submits Proposal to Separate Board Chair, CEO Roles, from 6:01AM ET on Monday Nov 25, 2024 by Dow Jones

  6:01AM ET on Monday Nov 25, 2024 by Dow Jones
  Companies Mentioned: AGCO

• TAFE Submits Proposal to Separate Board Chair and CEO Roles at AGCO's 2025 Annual Meeting, from 6:00AM ET on Monday Nov 25, 2024 by Dow Jones

  6:00AM ET on Monday Nov 25, 2024 by Dow Jones
  Companies Mentioned: AGCO
  
  TAFE Submits Proposal to Separate Board Chair and CEO Roles at AGCO's 2025 Annual Meeting
  
  Believes That Requiring an Independent Chair Will Enhance Board Oversight, Increase Accountability and Improve Performance at AGCO