AGCO Corp: senior VP Torsten Dehner to step down

What happened

• The filing says that on Oct 5, 2026 AGCO Corporation announced a restructuring of its executive leadership that "simplifies the organization, strengthens accountability and reduces the team by 1 member."
• As part of that consolidation, Torsten Dehner, Senior Vice President and General Manager, Global Fendt/Valtra and Product Management, will step down from his role effective Oct 5, 2026 and will remain with the company based in Switzerland to support the transition.

Key details

• The company attached a press release announcing the changes (filed as Exhibit 99.1).
• Following cessation of employment, Mr. Dehner will be entitled to severance benefits described in his Employment Agreement with AGCO International GmbH dated Jan 1, 2020 (filed as Exhibit 10.21 to the Company’s Annual Report on Form 10-K for the year ended Dec 31, 2025), subject to his continued compliance with the restrictive covenants contained therein.

Why it may matter

• This item was reported under Item 5.02 (Departure of directors or certain officers; election of directors), which covers officer departures and related employment terms.
• This filing does not show why the insider traded or why the company acted.