Federal Agricultural Mortgage (AGM) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for May 15, 2025, with voting on directors, auditor selection, and executive compensation.

• The company reported record 2024 performance, with a 17% return on equity and a 7% year-over-year dividend increase.

• The mission focuses on increasing financing accessibility for agriculture and rural infrastructure, supporting a broad range of customers and markets.

Voting matters and shareholder proposals

• Shareholders will vote to elect ten directors (five by Class A, five by Class B), ratify PricewaterhouseCoopers LLP as auditor, and approve executive compensation on an advisory basis.

• No other shareholder proposals are scheduled; future proposals must meet advance notice requirements.

Board of directors and corporate governance

• The board consists of 15 members: five elected by Class A, five by Class B, and five appointed by the U.S. President.

• Directors possess diverse skills in finance, agriculture, risk management, and public policy.

• Board committees include Audit, Business Development, Corporate Governance, Credit, Enterprise Risk, Finance, Human Capital & Compensation, and Public Policy & Corporate Social Responsibility.

• Annual self-evaluations and a focus on director independence and diversity of experience.

• Board and committee compensation increased for 2025, with a targeted total compensation of $144,000 per director.