Federal Agricultural Mortgage Corp Appoints COO; Names Chief Business Officer

What Happened

• Federal Agricultural Mortgage Corporation (Farmer Mac) filed an 8‑K reporting that on August 12, 2026 its Board appointed Robert J. Maines to serve as Executive Vice President – Chief Operations Officer, effective August 17, 2026. Mr. Maines (age 58) has been Senior Vice President – Operations since March 2021 and joined Farmer Mac in December 2018 as Vice President – Enterprise Risk Officer.
• Separately, Farmer Mac issued a press release on August 13, 2026 announcing the appointment of Nader Pasdar as Executive Vice President – Chief Business Officer, also effective August 17, 2026.

Key Details

• Mr. Maines’ new annual salary: $440,000, effective August 17, 2026.
• Target long-term equity award: not less than $225,000 (to be considered with 2027 executive grants).
• Mr. Maines is eligible to participate in Farmer Mac’s amended and restated executive severance plan.
• No related-party or disclosure-reportable transactions or family relationships were reported in connection with Mr. Maines’ appointment.

Why It Matters

• This filing reports an executive leadership change in operations at Farmer Mac that may affect execution of the company’s operational and risk processes. The salary and stated long-term incentive target give investors concrete figures about the cost and alignment of the new role.
• The press release naming a new Chief Business Officer signals additional senior management changes effective the same date, which investors may watch for impacts on strategy, business development, and disclosures in future filings.