Every material Form 8-K Lindsay filed with the SEC in 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 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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Lindsay filing is on SEC EDGAR ↗. 8-K briefs of other companies →