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Stock impact report

TAFE Submits Proposal to Separate Board Chair and CEO Roles at AGCO's 2025 Annual Meeting [Yahoo! Finance]

AGCO Corporation (AGCO) 
Last agco corporation earnings: 2/6 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.agcocorp.com
Company Research Source: Yahoo! Finance
CHENNAI, India, November 25, 2024 BUSINESS WIRE )--Tractors and Farm Equipment Limited (together with certain of its affiliates, "TAFE" or "we"), is the largest shareholder of AGCO Corporation (NYSE: AGCO) ("AGCO" or the "Company") with a 16.3% long-term strategic ownership interest in the Company. Today, TAFE announced that it has submitted a 14a-8 shareholder proposal for inclusion in the Company's proxy statement for its 2025 Annual Meeting of Shareholders to request that the Company adopt a policy requiring that AGCO's Chair of the Board of Directors (the "Board") be an independent director. TAFE believes separating the roles of Chair and CEO, both of which are currently held by Eric Hansotia, will enhance the Board's oversight and increase accountability within the leadership structure. At AGCO, the combined Chair and CEO position has failed to serve the best interests of shareholders and has led to suboptimal strategic and capital allocation decisions and underperformance, as Show less Read more
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