Nov 5, 4:15 PM ET
Lindsay Corporation entered into a cooperation agreement with activist investor Vision One Fund, LP, under which it will nominate Marvin E. Washington as an independent director at its fiscal 2027 annual meeting and seek stockholder approval to declassify the board. Vision One withdrew its October 5, 2026 stockholder proposals and director nominations and agreed to standstill provisions, which would limit its actions in the company's governance.
- Marvin E. Washington to be nominated as independent director at the fiscal 2027 annual meeting, with a term expiring at the fiscal 2030 annual meeting
- Washington expected to join the Audit Committee; board size capped at nine directors until the termination date
- Board declassification proposals to be voted on at the fiscal 2027 annual meeting, with annual elections fully in place by the fiscal 2030 annual meeting
- Vision One withdrew its October 5, 2026 notice of proposals and nominations and agreed to a standstill, including a 4.9% ownership cap
Read the filing on SEC.gov ↗
Nov 2, 4:15 PM ET
Lindsay Corporation named Michael Koch as Senior Vice President and Chief Financial Officer, effective November 9, 2026, replacing interim co-CFOs Brett Coburn and Alicia Pfeifer in that role. Coburn and Pfeifer remain with the company in their existing finance roles, and Coburn stays as principal accounting officer. The filing discloses Koch's base salary of $465,000, a target bonus of 65% of base salary, and a $150,000 cash signing bonus.
- Michael Koch becomes CFO effective November 9, 2026; he is currently SVP, Finance and Divisional CFO at StandardAero.
- Annual base salary of $465,000, target bonus of 65% of base salary, and maximum bonus up to 200% of target.
- Expected annual equity award grant-date value of $650,000, plus a $150,000 cash signing bonus subject to repayment terms.
- Severance equal to one times annual base salary, or base plus target bonus if terminated without cause or for good reason within one year after a change in control.
Read the filing on SEC.gov ↗
Oct 22, 6:45 AM ET
Lindsay reported fourth-quarter revenue of $161.6 million, up 5%, and diluted EPS of $1.10, up 11%, with operating income up 39% to $15.8 million. For fiscal 2026, revenue fell 6% to $635.9 million and diluted EPS fell 21% to $5.33, as lower MENA project sales and the non-recurring $20.0 million Road Zipper project weighed on results.
- Q4 revenue $161.6 million (up 5%); diluted EPS $1.10 vs. $0.99 a year earlier
- Fiscal 2026 revenue $635.9 million (down 6%); net earnings $55.7 million (down 25%)
- Fiscal 2026 returned $96.1 million to shareholders through buybacks and dividends
- On October 20, 2026, the committee adopted a fiscal 2027 bonus plan with awards of 0% to 200% of target
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.