Articles from Tractors and Farm Equipment Limited

Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”), the largest shareholder of AGCO Corporation (NYSEAGCO) (“AGCO” or the “Company”) with a 16.3% long-term, strategic equity stake in the Company, today issued the following statement regarding AGCO’s recently reported fourth quarter and 2024 full year results. TAFE also disclosed that it has withdrawn its 14a-8 shareholder proposal from the agenda for the 2025 Annual Meeting of Shareholders (the “Annual Meeting”) following AGCO’s ill-conceived efforts to exclude the proposal, reaffirming TAFE’s belief that more substantial action must be taken to enhance the Company’s governance and turn around its struggling operational performance.

Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”) is the largest shareholder of AGCO Corporation (NYSEAGCO) (“AGCO” or the “Company”) with a 16.3% long-term, strategic equity stake in the Company.

Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”), is the largest shareholder of AGCO Corporation (NYSEAGCO) (“AGCO” or the “Company”) with a 16.3% long-term strategic ownership interest in the Company. Today, TAFE announced that it has submitted a 14a-8 shareholder proposal for inclusion in the Company’s proxy statement for its 2025 Annual Meeting of Shareholders to request that the Company adopt a policy requiring that AGCO’s Chair of the Board of Directors (the “Board”) be an independent director.

Tractors and Farm Equipment Limited (“TAFE”), one of the largest tractor manufacturers in the world, established in 1960, and the second largest in India, has decided to open a subsidiary in Mexico to better support the large customer base. Business operations are expected to commence in January 2025, and TAFE is currently engaged in discussions with various agencies including interested parties for association.

Tractors and Farm Equipment Limited (“TAFE” or “we”) today announced that it has filed a contempt petition against AGCO Corporation (NYSEAGCO) (“AGCO” or the “Company”) for violating an interim status quo order from the Commercial Court in Chennai by attempting to terminate TAFE’s right to use the Massey Ferguson brand in India. TAFE’s case regarding its ownership of the Massey Ferguson brand is ongoing in the Madras High Court.

Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”), is the largest shareholder of AGCO Corporation (NYSEAGCO) (“AGCO” or the “Company”) with a 16.3% long-term strategic ownership interest in the Company. Today, TAFE issued the following open letter to its fellow shareholders.