AGCO (AGCO) Proxy Filing summary

Executive summary

• Annual meeting scheduled for April 23, 2026, with record date of February 25, 2026.

• Key items: election of nine directors, advisory vote on executive compensation, ratification of KPMG LLP as auditor, and a shareholder proposal on special meetings.

• Board recommends voting for all director nominees, for executive compensation, for auditor ratification, and against the shareholder proposal.

Voting matters and shareholder proposals

• Nine directors nominated for election, each to serve until the 2027 annual meeting.

• Advisory say-on-pay vote on executive compensation; Board recommends approval.

• Ratification of KPMG LLP as independent auditor for 2026; Board recommends approval.

• Shareholder proposal to allow holders of 10% of shares to call special meetings; Board recommends voting against, citing potential disruption and concentration of power.

Board of directors and corporate governance

• Board consists of nine nominees with diverse backgrounds in leadership, technology, agriculture, and finance.

• Majority voting standard in uncontested elections; directors must tender resignation if not elected by majority.

• Five new independent directors added since 2021 as part of ongoing board refreshment.

• All directors except the CEO are independent; robust Lead Director structure with five-year term limits for committee chairs.

• Six standing committees: Executive, Audit, Finance, Governance, Technology, and Talent and Compensation, each with defined responsibilities.

• Active stockholder outreach program, with regular engagement and feedback incorporated into governance practices.