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 2, 2009
FEDERAL
AGRICULTURAL MORTGAGE CORPORATION
(Exact
Name of Registrant as Specified in Charter)
Federally
chartered instrumentality
of
the United States
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001-14951
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52-1578738
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer Identification No.)
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1133
Twenty-First Street, N.W., Suite 600, Washington D.C.
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20036
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
telephone number, including area code (202) 872-7700
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General
Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Section
5 – Corporate Governance and Management
Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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(c) The
Board of Directors of the Federal Agricultural Mortgage Corporation
(“Farmer Mac”) has appointed Timothy L. Buzby to the position of Chief
Financial Officer of the Corporation effective April 2,
2009. Mr. Buzby succeeds William T. Sandalls, Jr., who had been
the Acting Chief Financial Officer of Farmer Mac since October 20, 2008 pursuant
to an agreement that terminated according to its terms on March 31,
2009. Mr. Sandalls will continue to serve Farmer Mac as a
consultant.
Mr.
Buzby, age 40, had served as Vice President – Controller of Farmer Mac since
June 5, 2003 and as Acting Treasurer of Farmer Mac since October 1,
2008. Prior to joining Farmer Mac as Controller, Mr. Buzby served as
Chief Financial Officer for George Mason Mortgage Corporation, a regional
residential mortgage lender, from March 2000 to December 2000. From
July 1997 to February 2000, he was the Chief Financial Officer for Mortgage Edge
Corporation, a national mortgage lender. Prior to July 1997, Mr.
Buzby was a Manager on the Mortgage Consulting Staff of KPMG Peat Marwick,
LLP. Mr. Buzby has been a certified public accountant since
1992.
Mr. Buzby
has no family relationship with any current director or executive officer of
Farmer Mac, and Farmer Mac has not previously engaged in any transactions with
Mr. Buzby other than under his employment agreement with Farmer
Mac. That agreement was previously filed as Exhibit 10.5 to Farmer
Mac’s Quarterly Report on Form 10-Q filed with the SEC on August 12, 2008 and
has been amended as described in Item 5.02(e) below.
(e) In
connection with the Corporation’s appointment of Timothy L. Buzby as Vice
President – Chief Financial Officer, his employment contract was amended as
follows:
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Mr.
Buzby’s title was changed from Vice President – Controller to Vice
President – Chief Financial Officer;
and
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·
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Mr.
Buzby’s base salary was increased from $256,311 per year to $300,000 per
year, effective April 2, 2009.
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Section
7 – Regulation FD
Item
7.01.
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Regulation
FD Disclosure.
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On
April 13, 2009, Farmer Mac issued a press release to announce the
appointment of Timothy L. Buzby as Chief Financial Officer of Farmer
Mac. A copy of the press release is attached to this report as
Exhibit 99.
Section
9 – Financial Statements and Exhibits
Item
9.01.
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Financial
Statements and Exhibits.
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99. Press
Release dated April 13, 2009.
SIGNATURE
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.
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FEDERAL
AGRICULTURAL MORTGAGE CORPORATION
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Date:
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April
13, 2009
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/s/
Jerome G. Oslick
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Name:
Jerome G. Oslick
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Title:
Vice President – General Counsel
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