0000880266falseAGCO CORP /DE00008802662024-04-262024-04-26
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
April 26, 2024
Date of Report
(Date of earliest event reported)
AGCO CORPORATION
(Exact name of Registrant as specified in its charter)
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| Delaware | | 001-12930 | | 58-1960019 |
| (State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
4205 River Green Parkway
Duluth, Georgia 30096
(Address of principal executive offices, including Zip Code)
770 813-9200
(Registrant’s telephone number, including area code)
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:
☐ 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 |
| Title of Class | Trading Symbol | Name of exchange on which registered |
| Common stock | AGCO | 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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Item 1.02. Termination of a Material Definitive Agreement.
On April 26, 2024, the Company gave notice to Tractors and Farm Equipment Limited (“TAFE”) that the Company is terminating its commercial relationships with TAFE. During 2023, the Company purchased approximately $171.6 million of tractors and components from TAFE and sold approximately $3.6 million of parts to TAFE. In addition, the Company licenses the right to use the Massey Ferguson tradename to TAFE for use in India and certain other countries. The Company also owns approximately 21% of the outstanding shares of TAFE, and TAFE and its affiliates own approximately 16% of the outstanding shares of the Company, which ownership interests and related agreements will not be impacted by the termination notices.
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 hereunto duly authorized.
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| AGCO Corporation |
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| By: | /s/ Damon Audia |
| Damon Audia
Senior Vice President and
Chief Financial Officer |
Dated: May 1, 2024