Every material Form 8-K Lindsay has filed with the SEC since April 03, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
Lindsay Corporation's board appointed Alicia Pfeifer and Brett Coburn as interim co-Chief Financial Officers, effective September 1, 2026, with Coburn also serving as interim principal financial officer for SEC reporting. The filing describes a change in the company's finance leadership, and a $10,000 monthly stipend for each co-CFO while they hold the added responsibilities.
Alicia Pfeifer, 41, Vice President, Business Finance, and Brett Coburn, 35, Vice President and Chief Accounting Officer, named interim co-CFOs effective September 1, 2026
Coburn also serves as interim principal financial officer for SEC reporting purposes
Each receives an incremental $10,000 per month stipend while holding the co-CFO responsibilities
Pfeifer has been with the company since October 2014; Coburn since April 2019
Lindsay Corporation's Chief Financial Officer, Sam Hinrichsen, plans to resign effective August 31, 2026, citing personal reasons and stating there were no disagreements with the company. The company says the departure is unrelated to its operations, policies, or accounting practices, and it has started a search for a new CFO with an executive recruiting firm.
Sam Hinrichsen resigns as Senior Vice President and Chief Financial Officer effective August 31, 2026
He will provide transition services from the effective date through December 31, 2026, under a written agreement filed as Exhibit 10.1
Transition payments include $100,000 for services and $110,000 tied to outstanding equity awards, plus his 2026 annual bonus under the Management Incentive Plan
The company is paying his COBRA premiums for four months and waived repayment of his cash signing bonus
Lindsay reported fiscal third-quarter 2026 results for the quarter ended May 31, 2026, with revenue, operating income, and earnings all lower than a year earlier. Irrigation revenue fell 7% while infrastructure revenue rose 8%, and management said it expects about $70 million of revenue from the Middle East and North Africa irrigation project in the current fiscal year. Shareholders face lower quarterly profit, though the company repurchased $25.2 million of shares in the quarter and $80.7 million for the fiscal year to date.
Total revenue was $160.8 million, down $8.7 million or 5% from $169.5 million; operating income was $18.5 million, down 22%
Net earnings were $15.8 million, or $1.53 per diluted share, versus $19.5 million, or $1.78 per diluted share, a year earlier
Irrigation revenue fell 7% to $133.0 million, while infrastructure revenue rose 8% to $27.7 million
Management expects about $70 million of revenue from the MENA irrigation project this fiscal year and does not expect a large Road Zipper System project in fiscal 2026
Lindsay Corporation reported fiscal 2026 second-quarter results for the quarter ended February 28, 2026, with revenue of $157.7 million, down 16% from $187.1 million a year earlier. Operating income fell 59% to $13.0 million and net earnings fell 55% to $12.0 million, weighed down by a sharp drop in infrastructure sales after a prior-year $20 million Road Zipper System project that did not repeat. Management said it expects about $70 million of revenue from the Middle East and North Africa irrigation project in fiscal 2026 and does not expect a large infrastructure project this year.
Revenue $157.7 million, down $29.3 million or 16%; irrigation revenue $141.2 million, down 5%; infrastructure revenue $16.5 million, down 58%
Operating income $13.0 million, down 59%; operating margin 8.3% versus 17.2% a year earlier
Diluted EPS $1.15 versus $2.44 a year earlier; repurchased $25.2 million of shares in the quarter and $55.5 million for the fiscal year to date
Expects approximately $70 million of revenue from the MENA irrigation project in fiscal 2026; backlog $151.8 million at February 28, 2026, versus $127.0 million a year earlier
Lindsay Corporation appointed Brett R. Coburn as Vice President and Chief Accounting Officer effective January 6, 2026, and stockholders at the same day's annual meeting elected three directors, ratified KPMG LLP as auditor, and approved executive pay on an advisory basis. The filing reports routine governance outcomes and does not disclose financial results.
Brett R. Coburn, 34, was appointed Vice President and Chief Accounting Officer by the Board on January 6, 2026; he previously served as Senior Director, Corporate Controller since February 2024.
Michael N. Christodolou received 7,692,367 votes for and 1,200,426 withheld; Jahidul H. Khandaker received 8,644,185 for; David B. Rayburn received 8,260,227 for.
Stockholders ratified KPMG LLP as auditor for the fiscal year ending August 31, 2026, with 8,720,296 votes for and 597,510 against.
Advisory say-on-pay vote passed with 8,193,803 votes for and 681,543 against; 9,325,331 shares, or 88.0% of 10,591,980 eligible shares, were represented.
Lindsay Corporation reported first-quarter fiscal 2026 results for the period ended November 30, 2025, with revenue down 6% and net earnings down 4% from a year earlier. Irrigation sales fell 9% on weaker North America and international demand, while Infrastructure revenue rose 17%. The company also disclosed a $80 million supply agreement in the Middle East and North Africa region signed after quarter-end and a new share repurchase authorization of up to $150 million.
Total revenues were $155.8 million, down $10.5 million, or 6%, from $166.3 million; operating income was $19.6 million, down 6%.
Diluted EPS was $1.54 versus $1.57; net earnings were $16.5 million versus $17.2 million.
Irrigation revenue fell 9% to $133.4 million, while Infrastructure revenue rose 17% to $22.4 million.
The board authorized a new share repurchase program of up to $150 million; the company repurchased $30.3 million of shares in the quarter.
Lindsay Corporation said its President, Irrigation, Gustavo E. Oberto, will leave the company effective November 30, 2025, by mutual agreement. Brian J. Magnusson, 46, was appointed to succeed him as President, Irrigation, effective December 1, 2025. The filing describes a leadership change in one business unit and does not report any financial results.
Gustavo E. Oberto departs as President, Irrigation, effective November 30, 2025, by mutual agreement dated November 3, 2025.
Severance is subject to Mr. Oberto signing a general release of claims; the company expects compensation consistent with Section 4.4 of his employment agreement and up to twelve months of COBRA health coverage.
Brian J. Magnusson, 46, succeeds Mr. Oberto as President, Irrigation, effective December 1, 2025.
Lindsay Corporation disclosed that Chief Financial Officer Brian Ketcham is retiring at the end of the calendar year, and that Sam Hinrichsen will start as Senior Vice President on November 3, 2025 and succeed him as CFO upon his retirement. The filing also reports that the Committee adopted the fiscal 2026 Management Incentive Plan, which sets bonus targets and ties awards largely to company financial goals.
Brian Ketcham, Senior Vice President and CFO, is retiring at the end of the calendar year and is not a 2026 MIP participant.
Sam Hinrichsen joins as Senior Vice President on November 3, 2025 and will succeed Ketcham as CFO upon his retirement.
2026 MIP covers fiscal year ending August 31, 2026; awards range from 0% to 200% of target bonus, weighted 80% company financial performance and 20% individual performance.
Financial performance goals are fiscal 2026 revenue, operating margin percentage, and free cash flow, keyed to the fiscal 2026 operating budget.
Lindsay Corporation reported fiscal 2025 revenue of $676.4 million, up 11%, and record net earnings of $74.1 million, or $6.78 per diluted share, up 13%. Fourth-quarter revenue slipped 1% to $153.6 million and diluted EPS fell 15% to $0.99, as North America irrigation and infrastructure sales declined. Management said North American irrigation demand will stay tempered and does not expect a large Road Zipper project in fiscal 2026.
Fiscal 2025 revenue rose 11% to $676.4 million; operating income rose 15% to $88.1 million
Fourth-quarter revenue fell 1% to $153.6 million; operating income fell 16% to $11.3 million
Fourth-quarter diluted EPS was $0.99, down from $1.17; full-year diluted EPS was $6.78, up from $6.01
Backlog was $110.7 million on August 31, 2025, versus $180.9 million a year earlier
Lindsay Corporation appointed Sam Hinrichsen as Senior Vice President and Chief Financial Officer, succeeding Brian Ketcham, who is retiring at the end of the calendar year. Hinrichsen starts employment on November 3, 2025 and takes the CFO role effective January 1, 2026, so the change in finance leadership is planned and phased in. The filing does not report any financial results or guidance.
Sam Hinrichsen, 46, currently Global Vice President of Finance and Investor Relations at Stepan Company, will join Lindsay as Senior Vice President on November 3, 2025.
Hinrichsen becomes CFO effective January 1, 2026, succeeding Brian Ketcham upon his previously announced retirement.
Hinrichsen's compensation includes a $450,000 base salary, a target bonus of 65% of base salary, and a $100,000 cash signing bonus plus $150,000 in restricted stock units.
Lindsay Corporation expanded its board from seven to eight members on September 15, 2025, and appointed Jahidul H. Khandaker as a director effective immediately. He will serve on the Audit Committee, and his term expires at the January 2026 annual meeting. The filing discloses no financial results, so the change is administrative and does not itself alter the company's financial outlook.
Board size increased from seven to eight members, effective September 15, 2025.
Mr. Khandaker, 54, is the GE HealthCare Chief Information Officer and previously held CIO roles at Western Digital.
He joins the Audit Committee; his director term expires at the January 2026 Annual Meeting.
He will receive director compensation as described in the November 20, 2024 proxy statement and has an indemnification agreement with the company.
Lindsay Corporation amended its $50 million unsecured revolving credit facility with Wells Fargo Bank on August 26, 2025, extending the termination date from August 26, 2026 to August 26, 2030. The amendment also gives the company the right to terminate or reduce the facility without premium or penalty, and a related line of credit note was extended to the same date.
Facility size remains $50 million unsecured revolving credit, with Wells Fargo Bank, National Association as lender
Termination date extended from August 26, 2026 to August 26, 2030
Company may terminate or reduce the facility without premium or penalty
Line of Credit Note maturity also extended from August 26, 2026 to August 26, 2030
Lindsay Corporation said Chief Financial Officer Brian Ketcham intends to retire effective December 31, 2025, and the company has begun searching for a successor with an executive recruiting firm. Ketcham will then serve as a consultant through December 31, 2026, for $300,000 in cash plus COBRA premiums and continued vesting of equity awards, which matters to shareholders because it means a CFO transition is underway.
Ketcham's retirement from the Senior Vice President and CFO role is effective December 31, 2025.
Consulting Period runs from the Retirement Date through December 31, 2026, with $300,000 paid in four $75,000 installments.
Company will pay COBRA premiums for twelve months after the Retirement Date; unvested equity awards forfeit at the end of the Consulting Period.
CEO Randy Wood said Ketcham's leadership was critical in strengthening the company's global capabilities.
Lindsay Corporation reported third quarter fiscal 2025 results for the period ended May 31, 2025. Revenue rose 22% to $169.5 million and operating income rose 19% to $23.8 million, driven mainly by International irrigation project revenue in the Middle East and North Africa. Diluted earnings per share fell 4% to $1.78 because the prior year included a one-time income tax credit of $0.44 per share, and backlog fell to $117.1 million from $205.9 million a year earlier.
Total revenues were $169.5 million, up $30.3 million or 22% from $139.2 million.
International irrigation revenues rose 60% to $74.7 million, mainly from the large MENA region project.
Diluted EPS was $1.78 versus $1.85, down 4%; the prior year included a one-time tax credit of $0.44 per share.
Operating income was $23.8 million, up 19%, with operating margin of 14.0% versus 14.3%. Backlog was $117.1 million at May 31, 2025, versus $205.9 million a year earlier.
Lindsay Corporation reported second quarter fiscal 2025 results for the period ended February 28, 2025. Revenue rose 23% to $187.1 million, operating income rose 45% to $32.1 million, and net earnings rose 47% to $26.6 million, which helped lift diluted EPS to $2.44 from $1.64. The company said international irrigation project work in the Middle East and North Africa offset softer North American irrigation demand, and it gave no numeric guidance for the full year.
Total revenues were $187.1 million, up $35.5 million or 23% from $151.5 million a year earlier.
Irrigation revenue rose 11% to $148.1 million, with international sales up 42% and North America down 7%.
Infrastructure revenue more than doubled to $38.9 million, driven by a Road Zipper System project valued at over $20 million.
Backlog of unfilled orders was $127.0 million at February 28, 2025, compared with $94.2 million a year earlier.
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