Corteva directors Grimes, Lutz, Magro and Preete to resign ahead of Vylor seed spin-off
Four Corteva directors, Karen Grimes, Marcos Lutz, Charles Magro and Kerry Preete, agreed to resign from the Corteva board effective immediately before the planned spin-off of the seed business into Vylor, Inc. The filing says each is expected to join the Vylor board, and the resignations are not tied to any disagreement with the company. The companies also announced their post-separation boards, and the separation remains on track for the fourth quarter of 2026.
Key points
- Resignations agreed June 26, 2026, and take effect only if the spin-off is completed
- Greg Page to chair a nine-person Corteva board; Luke Kissam to join at separation
- Karen Grimes to chair a seven-director Vylor board; a search is ongoing for at least one more member
- Vylor filed its first Form 10 registration statement with the SEC; separation on track for 4Q 2026
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.