form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): April 3, 2008
Federal Agricultural Mortgage
Corporation
|
(Exact
name of registrant as specified in its
charter)
|
Federally
chartered
instrumentality
of
the United
States
|
001-14951
|
52-1578738
|
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
File
Number)
|
(I.R.S.
Employer
Identification
No.)
|
1133
Twenty-First Street, N.W., Suite 600, Washington, D.C.
|
20036
|
(Address of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (202) 872-7700
No
change
|
(Former
name or former address, if changed since last
report)
|
Section
1 – Registrant’s Business and Operations
Item
1.01. Entry into a Material Definitive Agreement.
On April
3, 2008, the Board of Directors of the Registrant determined that it was in the
best interests of the Registrant to provide its current Directors with certain
indemnification rights and privileges in connection with their service as
Directors in order to attract and retain the most qualified individuals to serve
on the Board, and unanimously approved a form of indemnification agreement for
its Directors. The indemnification agreement supplements existing
indemnification provisions of the Registrant’s By-Laws, and in general
indemnifies each member of the Board of Directors for actions taken as a
Director in good faith to the extent permitted by law. The agreement
provides for the advancement of certain costs, expenses and amounts paid in
defense and in any settlement for actions that may be asserted against a
Director relating to his or her service on the Board, to the fullest extent
permitted by law, subject to the terms and conditions provided in the
agreement. The Registrant intends to provide an indemnification
agreement to each new Director that may be elected or appointed to the
Board.
The
foregoing description should be read in conjunction with, and is qualified in
its entirety by reference to, the form of the indemnification agreement, which
is attached hereto as Exhibit 10.1 and incorporated herein by
reference.
Section
9 – Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits.
10.1 Form
of Indemnification Agreement for Directors.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
FEDERAL
AGRICULTURAL MORTGAGE
CORPORATION
|
|
By: /s/
Jerome G.
Oslick
|
|
Name: Jerome
G. Oslick
|
|
Title: Vice
President – General Counsel
|
Dated: April
9, 2008