Investing.com - Financial Markets Worldwide

Farmer Mac reports loss of board member Roy H. Tiarks

Published 07/02/2025, 15:50
Farmer Mac reports loss of board member Roy H. Tiarks
AGM
1.25%

WASHINGTON, D.C. – The Federal Agricultural (NYSE:AGM) Mortgage Corporation, commonly known as Farmer Mac, disclosed today the passing of board member Roy H. Tiarks, who died on Monday at the age of 74. Tiarks, who had been elected to Farmer Mac’s Board in May 2021 by Class B voting stockholders, was serving as the chair of the Enterprise Risk Committee, and as a member of both the Business Development and Business Strategy Committee and the Credit Committee at the time of his death.

The organization, a federally chartered instrumentality of the United States that provides a secondary market for a range of loans made to borrowers in rural America, announced the news through a regulatory filing with the Securities and Exchange Commission. The Board is considering filling the vacancy left by Tiarks before the next annual stockholders’ meeting scheduled for May. The decision on whether to appoint a new member to serve the remainder of Tiarks’ term, which ends in May 2025, will be discussed in an upcoming meeting.

Farmer Mac’s statutory charter allows but does not require the Board to appoint a successor for the unexpired term. The seat will ultimately be filled by a vote of the holders of Class B voting common stock during the annual meeting.

The company has paid tribute to Tiarks’ contributions on its public website, highlighting his role and influence on the board. However, the information on Farmer Mac’s website is not incorporated by reference into the SEC filing.

The details provided in the SEC filing serve as a factual account of the company’s announcement and do not imply any assessment of Tiarks’ impact on Farmer Mac or its future operations. The filing is available for public viewing and is not considered "filed" for purposes of the Securities Exchange Act, nor is it subject to the liabilities of that section.

This report is based on statements from a press release.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.