Form 8-K
8-K — AGCO CORP /DE
Accession: 0001104659-26-113567
Filed: 2026-10-05
Period: 2026-09-30
CIK: 0000880266
SIC: 3523 (FARM MACHINERY & EQUIPMENT)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K — tm2627009d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2627009d1_ex99-1.htm)
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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
September 30, 2026
Date of Report
(Date of earliest event reported)
AGCO CORPORATION
(Exact name of Registrant as specified in its
charter)
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))
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On October 5, 2026, AGCO Corporation (the “Company”)
announced a restructuring of its executive leadership that simplifies the organization, strengthens accountability and reduces the team
by one member. A copy of the press release announcing the changes is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
As part of the consolidation of the executive leadership, Torsten Dehner,
Senior Vice President and General Manager, Global Fendt/Valtra and Product Management, will step down from his current role effective
October 5, 2026, and will remain with the company based in Switzerland to support the transition.
Following the cessation of his employment, Mr. Dehner will be
entitled to the severance benefits described in his Employment Agreement with AGCO International GmbH dated January 1, 2020 (filed as
Exhibit 10.21 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2025), subject to his continued
compliance with the restrictive covenants contained therein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press Release dated October 5, 2026.
104
Cover Page Interactive Data File - the cover page from this current report on Form 8-K is formatted in Inline XBRL.
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.
AGCO Corporation
By:
/s/ Indira Agarwal
Indira Agarwal
Senior Vice President and
Chief Financial Officer
Dated: October 5, 2026
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2627009d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
NEWS
RELEASE
www.AGCOcorp.com
AGCO Restructures Executive Leadership Team
Consolidation of key functions streamlines structure;
Stefan Caspari appointed to lead Fendt/Valtra & Product Management.
DULUTH, Ga. | Oct. 5, 2026 | AGCO
Corporation (NYSE: AGCO), today announced a restructuring of its executive leadership that simplifies the organization, strengthens accountability
and reduces the team by one member. Effective immediately, Stefan Caspari, previously Senior Vice President, Customer Success &
North America Ag, has been named Senior Vice President and General Manager, Fendt/Valtra & Product Management. Caspari will continue
to lead AGCO's North American ag business while taking on global leadership of two of AGCO's leading equipment brands.
As part of the consolidation of the executive
leadership, Torsten Dehner, Senior Vice President and General Manager, Global Fendt/Valtra and Product Management, will step down from
his current role effective October 5, 2026, and will remain with the company based in Switzerland to support the transition.
"Stefan is a proven commercial leader
with deep experience across farmers, dealers and regional execution," said Eric Hansotia, AGCO's Chairman, President &
CEO. "He has strengthened our North American ag business in one of AGCO's most important markets, and he brings the commercial
discipline, Farmer-First focus and market insight needed to lead Fendt™ and Valtra™ through their next phase of growth.
I also want to thank Torsten for his contributions over many years and his passionate leadership. He has played an important role
strengthening AGCO's Fendt and Valtra brands, building the teams and capabilities behind them, contributing valuably to their
position in the market and helping advance our AI transformation. We wish him well in the future." Caspari joined AGCO in 2014
and has held senior leadership roles spanning commercial operations, global strategy, smart farming technology and multi-brand
governance. Prior to leading Customer Success & North America Ag, he oversaw AGCO’s Grain & Protein business
through its transformation and divestiture. Caspari holds a degree in Agricultural Engineering from the University of Bonn and is a
graduate of Harvard Business School's Advanced Management Program.
FENDT • MASSEY FERGUSON • PTx •
VALTRA
AGCO News Release
Page 2
The broader restructuring brings related responsibilities
together under existing senior leaders and gives them accountability for business performance as well as company-wide functions. Luis
Felli will become Senior Vice President and General Manager, Massey Ferguson™, Parts & Customer Support, adding responsibility
for AGCO’s global Aftersales and Parts organization and Customer Support. Damon Audia will become President, PTx™, Corporate
Strategy & Distribution, adding responsibility for AGCO’s Global Distribution Management organization. These changes connect
enterprise functions more directly to brand execution, dealer performance and growth priorities.
###
Media Contacts
Greg Peterson, Vice
President, Investor Relations, (404) 403-6042, greg.peterson@agcocorp.com
Rachel Potts, Chief Communications
Officer, (678) 654-7719, rachel.potts@agcocorp.com
Fendt, Massey Ferguson, PTx and Valtra are trademarks
of the AGCO Group of Companies.
About AGCO
AGCO
(NYSE: AGCO) is a global leader in agricultural machinery and precision agriculture technologies. Driven by a Farmer-First strategy, AGCO
delivers value through its differentiated leading brands, Fendt™, Massey Ferguson™, PTx™ and Valtra™. AGCO’s
high-performance equipment and smart farming solutions, including brand-agnostic retrofit technologies and autonomous offerings, empower
farmers to drive productivity while sustainably feeding the world. For more information, visit www.agcocorp.com.
FENDT • MASSEY FERGUSON • PTx •
VALTRA
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