TAFE keeps 16.3 % AGCO stake; Letter Agreement extended to Nov 2025

Q: How many AGCO (AGCO) shares does TAFE currently own?

TAFE beneficially owns 12,150,152 shares, representing 16.3 % of AGCO鈥檚 outstanding common stock.

Q: What is the combined ownership percentage of Mallika Srinivasan in AGCO?

Including direct and indirect holdings, she controls 12,173,865 shares, also about 16.3 % of the company.

Q: What did TAFE pay for its AGCO stake?

The Reporting Persons invested a cumulative $585.8 million (excluding commissions) to acquire their position.

Q: What is the significance of Amendment No. 4 to the Letter Agreement?

It extends the termination date to the earlier of 28 Nov 2025 or an escrow trigger linked to a June 2025 buyback pact, ensuring continued cooperation.

Q: Were there any AGCO share transactions by the Reporting Persons in the last 60 days?

No. The filing states that no trades occurred during that period.

Q: Does this filing change voting control over AGCO?

No. Voting and dispositive powers remain shared; there is no increase in control relative to prior filings.

[SCHEDULE 13D/A] AGCO Corporation SEC Filing

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

SCHEDULE 13D/A

Rhea-AI Filing Summary

Schedule 13D/A Amendment No. 26 shows that India-based Tractors & Farm Equipment Ltd. (TAFE), its subsidiary TAFE Motors & Tractors Ltd. and their chairperson Mallika Srinivasan continue to be the largest outside shareholders of AGCO Corporation (NYSE: AGCO).

Ownership levels unchanged: TAFE controls 12,150,152 shares (16.3 % of outstanding); TAFE Motors & Tractors controls 3,263,321 shares (4.4 %). Srinivasan鈥檚 direct/indirect ownership totals 12,173,865 shares (16.3 %). Percentages are based on 74,586,793 shares outstanding as of 30 Jun 2025.
Total investment: The group paid $585.8 million in aggregate (ex-fees) to acquire its position; 23,713 shares held personally by Srinivasan were director equity awards and required no cash outlay.
Key new agreement: On 7 Jul 2025 TAFE and AGCO executed Amendment No. 4 to their 2019 Letter Agreement, extending its termination date to the earlier of 28 Nov 2025 or the 鈥淓scrow Deposit Date鈥� defined in a 30 Jun 2025 Buyback Agreement between TAFE and AGCO Holding B.V.
Voting & disposition rights: All shares are held with shared voting and dispositive power; none of the reporting persons engaged in AGCO stock transactions during the past 60 days.

The filing signals continued strategic alignment between AGCO and its longstanding partner-shareholder while maintaining the status quo on ownership. The extended Letter Agreement鈥攄etails filed as Exhibit 99.1鈥攌eeps previously negotiated protections and potential share buyback mechanics in force for up to another five months, offering clarity on the relationship鈥檚 time horizon.

Schedule 13D/A 靾橃爼鞎� 26順�鞐� 霐半ゴ氅� 鞚鸽弰鞐� 旮半皹鞚� 霊� Tractors & Farm Equipment Ltd. (TAFE), 攴� 鞛愴殞靷� TAFE Motors & Tractors Ltd. 氚� 攴� 須岇灔 Mallika Srinivasan鞚� AGCO Corporation (NYSE: AGCO)鞚� 斓滊寑鞕鸽秬欤检＜鞛勳澊瓿勳啀頇曥澑霅╇媹雼�.

靻岇湢歆€攵� 氤€霃� 鞐嗢潓: TAFE電� 12,150,152欤�(氚滍枆欤检嫕鞚� 16.3%)毳� 氤挫湢頃橁碃鞛堨溂氅�, TAFE Motors & Tractors電� 3,263,321欤�(4.4%)毳� 氤挫湢頃橁碃鞛堨姷雼堧嫟. Srinivasan鞚� 歆侅爲氚� 臧勳爲靻岇湢電� 齑� 12,173,865欤�(16.3%)鞛呺媹雼�. 牍勳湪鞚€ 2025雲� 6鞗� 30鞚� 旮办 氚滍枆欤检嫕 74,586,793欤茧ゼ旮办鞙茧 頃╇媹雼�.
齑� 韴瀽鞎�: 攴鸽９鞚€ 齑� 5鞏� 8,580毵� 雼煬 (靾橃垬耄� 鞝滌櫢)毳� 歆€攵堩晿鞐� 歆€攵勳潉旆摑頄堨溂氅�, Srinivasan鞚� 臧滌澑鞝侅溂搿� 氤挫湢頃� 23,713欤茧姅鞚挫偓欤检嫕氤挫儊鞙茧 順勱笀歆€於滌澊鞐嗢棃鞀惦媹雼�.
欤检殧鞁犼窚瓿勳暯: 2025雲� 7鞗� 7鞚� TAFE鞕€ AGCO電� 2019雲� 靹滍暅瓿勳暯鞐� 雽€頃� 靾橃爼鞎� 4順�毳� 觳搓舶頃橃棳膦呺鞚检潉 2025雲� 11鞗� 28鞚� 霕愲姅 2025雲� 6鞗� 30鞚� TAFE鞕€ AGCO Holding B.V. 臧勳潣鞛愳偓欤� 毵れ瀰瓿勳暯鞐愳劀鞝曥潣霅� 鈥滌棎鞀ろ伂搿� 鞓堨箻鞚尖€� 欷� 牍犽ジ雮犾搿� 鞐办灔頄堨姷雼堧嫟.
韴憸氚� 觳橂秳甓岉暅: 氇摖欤检嫕鞚€ 瓿惦彊韴憸氚� 觳橂秳甓岉暅鞙茧 氤挫湢霅橁碃鞛堨溂氅�, 氤搓碃雽€靸侅瀽電� 歆€雮� 60鞚� 霃欖晥 AGCO 欤检嫕瓯半灅毳� 頃橃 鞎婌晿鞀惦媹雼�.

鞚措矆鞝滌稖鞚€ AGCO鞕€ 鞓る灉旮瓣皠韺岉姼雱堨澊鞛� 欤检＜鞚� TAFE 臧勳潣 歆€靻嶌爜鞚� 鞝勲灥鞝� 順戨牓鞚� 鞚橂頃橂┌, 靻岇湢甓� 順勴櫓鞚� 鞙犾頃╇媹雼�. 鞐办灔霅� 靹滍暅瓿勳暯鈥旍劯攵€ 靷暛鞚€ Exhibit 99.1搿� 鞝滌稖霅ㄢ€旍潃旮办〈鞐� 順戩潣霅� 氤错樃臁办箻鞕€ 鞛犾灛鞝� 鞛愳偓欤� 毵れ瀰氅旍护雼堨鞚� 斓滊寑 5臧滌洈雿� 鞙犾頃橃棳甏€瓿勳潣鞁滉皠鞝� 氩旍渼鞐� 雽€頃� 氇呿檿靹膘潉鞝滉车頃╇媹雼�.

Positive

Ownership stability: TAFE maintains a large 16.3 % stake without additional purchases, reducing speculation about near-term dilution or control shifts.
Extended Letter Agreement: The new November 2025 deadline provides investors visibility into the shareholder partnership and potential buyback timing.

Negative

Overhang risk persists: A 16 % block could pressure the share price if TAFE elects to exit after the agreement expires.
Short extension: The Letter Agreement鈥檚 five-month horizon leaves limited time before renegotiation, sustaining uncertainty about long-term capital structure.

Insights

TL;DR: Stake unchanged at 16.3%; Letter Agreement extended to Nov-2025; neutral for valuation, mildly positive for governance clarity.

The Amendment maintains TAFE鈥檚 sizable 16 % holding without triggering further accumulation or divestiture. Because economic ownership and control metrics are flat, the update is valuation-neutral. However, the extension of the Letter Agreement鈥攁nd its link to the June 2025 buyback arrangement鈥攔educes uncertainty around a potential block sale and preserves an orderly exit route. Investors gain visibility into TAFE鈥檚 intentions, which may temper overhang concerns. The absence of recent market activity confirms no imminent trading pressure. Overall impact: low but directionally constructive.

TL;DR: Standstill terms prolonged; significant minority shareholder continues oversight; governance risk unchanged.

TAFE remains AGCO鈥檚 key strategic shareholder, holding shared voting rights on 12.15 million shares. By extending the Letter Agreement, both parties reaffirm collaboration mechanisms such as voting alignment and buyback contingencies, avoiding hostile dynamics. The limited duration (to 28 Nov 2025) suggests negotiations on longer-term capital structure are ongoing. From a governance perspective the filing neither increases influence nor introduces new restrictions, so board independence and minority protections remain intact. Impact rated neutral.

靻岇湢歆€攵� 氤€霃� 鞐嗢潓: TAFE電� 12,150,152欤�(氚滍枆欤检嫕鞚� 16.3%)毳� 氤挫湢頃橁碃鞛堨溂氅�, TAFE Motors & Tractors電� 3,263,321欤�(4.4%)毳� 氤挫湢頃橁碃鞛堨姷雼堧嫟. Srinivasan鞚� 歆侅爲氚� 臧勳爲靻岇湢電� 齑� 12,173,865欤�(16.3%)鞛呺媹雼�. 牍勳湪鞚€ 2025雲� 6鞗� 30鞚� 旮办 氚滍枆欤检嫕 74,586,793欤茧ゼ旮办鞙茧 頃╇媹雼�.
齑� 韴瀽鞎�: 攴鸽９鞚€ 齑� 5鞏� 8,580毵� 雼煬 (靾橃垬耄� 鞝滌櫢)毳� 歆€攵堩晿鞐� 歆€攵勳潉旆摑頄堨溂氅�, Srinivasan鞚� 臧滌澑鞝侅溂搿� 氤挫湢頃� 23,713欤茧姅鞚挫偓欤检嫕氤挫儊鞙茧 順勱笀歆€於滌澊鞐嗢棃鞀惦媹雼�.
欤检殧鞁犼窚瓿勳暯: 2025雲� 7鞗� 7鞚� TAFE鞕€ AGCO電� 2019雲� 靹滍暅瓿勳暯鞐� 雽€頃� 靾橃爼鞎� 4順�毳� 觳搓舶頃橃棳膦呺鞚检潉 2025雲� 11鞗� 28鞚� 霕愲姅 2025雲� 6鞗� 30鞚� TAFE鞕€ AGCO Holding B.V. 臧勳潣鞛愳偓欤� 毵れ瀰瓿勳暯鞐愳劀鞝曥潣霅� 鈥滌棎鞀ろ伂搿� 鞓堨箻鞚尖€� 欷� 牍犽ジ雮犾搿� 鞐办灔頄堨姷雼堧嫟.
韴憸氚� 觳橂秳甓岉暅: 氇摖欤检嫕鞚€ 瓿惦彊韴憸氚� 觳橂秳甓岉暅鞙茧 氤挫湢霅橁碃鞛堨溂氅�, 氤搓碃雽€靸侅瀽電� 歆€雮� 60鞚� 霃欖晥 AGCO 欤检嫕瓯半灅毳� 頃橃 鞎婌晿鞀惦媹雼�.

07/09/2025 - 04:53 PM

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 26)

AGCO CORP /DE

(Name of Issuer)

Common Stock

(Title of Class of Securities)

001084102

(CUSIP Number)

Andrew M. Freedman
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

Dennis Hranitzky
Quinn Emanuel Urquhart & Sullivan LLP, 51 Madison Avenue, 22nd Floor
New York, NY, 10010
212-849-7000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/07/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 搂搂 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

Common Stock

(b)

Name of Issuer:

AGCO CORP /DE

(c)

Address of Issuer's Principal Executive Offices:

4205 RIVER GREEN PKWAY, DULUTH, GEORGIA , 30096.

Item 3.

Source and Amount of Funds or Other Consideration

Except for the 23,713 shares that Ms. Srinivasan (together with the Companies (as defined below), the "Reporting Persons") holds directly and that were awarded to her under the AGCO Corporation 2006 Long-Term Incentive Plan for her previous services as a director of the Issuer, the source of the funds used by the Reporting Persons to purchase the reported shares, pursuant to the Purchase Plans, was the working capital of Tractors and Farm Equipment Limited ("TAFE") or of TAFE Motors and Tractors Limited ("TAFE Motors and Tractors" and, together with TAFE, the "Companies"). The Reporting Persons paid a total of $585,803,125.51 (exclusive of brokers' commissions and other administrative costs) to purchase the reported shares. Ms. Srinivasan did not pay for the shares that were awarded to her under the AGCO Corporation 2006 Long-Term Incentive Plan.

Item 4.

Purpose of Transaction

Item 4 of the Schedule 13D is hereby further amended and supplemented by adding the following: Effective July 7, 2025, TAFE and the Issuer executed Amendment No. 4 to the Amended and Restated Letter Agreement, dated April 24, 2019 (the "Letter Agreement"), pursuant to which, the termination date of the Letter Agreement was extended until (i) November 28, 2025 or (ii) the Escrow Deposit Date (as defined in that certain Buyback Agreement, dated June 30, 2025, by and between TAFE and AGCO Holding B.V., which is attached as Exhibit 99.2 to Amendment No. 25 to the Schedule 13D filed by the Reporting Persons on July 1, 2025), whichever first occurs. The foregoing description of Amendment No. 4 to the Letter Agreement is qualified in its entirety by reference to the full text of Amendment No. 4 to the Letter Agreement, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 5.

Interest in Securities of the Issuer

(a)

The aggregate percentage of shares reported owned on this Schedule 13D is based on 74,586,793 shares of Common Stock outstanding as of June 30, 2025, which is the total number of shares of Common Stock outstanding as of June 30, 2025 as confirmed by the Issuer to the Reporting Persons. As of the date hereof (i) TAFE beneficially owned 12,150,152 shares of Common Stock, which constituted approximately 16.3% of the Common Stock outstanding; (ii) TAFE Motors and Tractors beneficially owned 3,263,321 shares of Common Stock, which constituted approximately 4.4% of the Common Stock outstanding; and (iii) Ms. Srinivasan beneficially owned 12,173,865 shares of Common Stock, which constituted approximately 16.3% of the Common Stock outstanding, including the 23,713 shares she holds in her individual capacity. Ms. Srinivasan disclaims beneficial ownership of the Common Stock beneficially owned by each of the Companies, and this report shall not be deemed an admission that Ms. Srinivasan is a beneficial owner of such shares for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or for any other purpose. Each of the Companies disclaims beneficial ownership of the 23,713 shares of Common Stock owned directly by Ms. Srinivasan in her individual capacity, and this report shall not be deemed an admission that either of the Companies is a beneficial owner of such shares for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or for any other purpose. TAFE Motors and Tractors disclaims beneficial ownership of the 8,886,831 shares of Common Stock purchased on behalf of TAFE under the Purchase Plans, and this report shall not be deemed an admission that TAFE Motors and Tractors is a beneficial owner of such shares for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or for any other purpose.

(b)

A. TAFE 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 12,150,152 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 12,150,152 B. TAFE Motors and Tractors 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 3,263,321 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 3,263,321 C. Mallika Srinivasan 1. Sole power to vote or direct vote: 23,713 2. Shared power to vote or direct vote: 12,150,152 3. Sole power to dispose or direct the disposition: 23,713 4. Shared power to dispose or direct the disposition: 12,150,152

(c)

None of the Reporting Persons has entered into any transactions in the securities of the Issuer during the past sixty days.

(d)

Not applicable

(e)

Not applicable

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6 of the Schedule 13D is hereby further amended and supplemented by adding the following: The description of Amendment No. 4 to the Letter Agreement set forth in Item 4 above is incorporated herein by reference. The description of the Amendment No. 4 to the Letter Agreement is qualified in its entirety by reference to the full text of the Amendment No. 4 to the Letter Agreement, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 7.

Material to be Filed as Exhibits.

Item 7 is hereby amended to add the following exhibits: 99.1 - Amendment No. 4 to the Letter Agreement, dated July 7, 2025

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Tractors & Farm Equipment Ltd

Signature:	/s/ Andrew M. Freedman
Name/Title:	Andrew M. Freedman, attorney-in-fact*
Date:	07/09/2025

TAFE Motors & Tractors Ltd

Signature:	/s/ Andrew M. Freedman
Name/Title:	Andrew M. Freedman, attorney-in-fact*
Date:	07/09/2025

SRINIVASAN MALLIKA

Signature:	/s/ Andrew M. Freedman
Name/Title:	Andrew M. Freedman, attorney-in-fact*
Date:	07/09/2025

Comments accompanying signature:

* This Amendment No. 26 to Statement on Schedule 13D was executed by Andrew M. Freedman as Attorney-In-Fact for Tractors and Farm Equipment Limited, TAFE Motors and Tractors Limited and Mallika Srinivasan, pursuant to the Limited Power of Attorney granted by them, which is included as Exhibit E to Amendment No. 18 to Statement on Schedule 13D filed by the Reporting Persons on August 6, 2024.

Source:

FAQ

How many AGCO (AGCO) shares does TAFE currently own?

TAFE beneficially owns 12,150,152 shares, representing 16.3 % of AGCO鈥檚 outstanding common stock.

What is the combined ownership percentage of Mallika Srinivasan in AGCO?

Including direct and indirect holdings, she controls 12,173,865 shares, also about 16.3 % of the company.

What did TAFE pay for its AGCO stake?

The Reporting Persons invested a cumulative $585.8 million (excluding commissions) to acquire their position.

What is the significance of Amendment No. 4 to the Letter Agreement?

It extends the termination date to the earlier of 28 Nov 2025 or an escrow trigger linked to a June 2025 buyback pact, ensuring continued cooperation.

Were there any AGCO share transactions by the Reporting Persons in the last 60 days?

No. The filing states that no trades occurred during that period.

Does this filing change voting control over AGCO?

No. Voting and dispositive powers remain shared; there is no increase in control relative to prior filings.

AG真人官方

[SCHEDULE 13D/A] AGCO Corporation SEC Filing

Insights

FAQ

How many AGCO (AGCO) shares does TAFE currently own?

What is the combined ownership percentage of Mallika Srinivasan in AGCO?

What did TAFE pay for its AGCO stake?

What is the significance of Amendment No. 4 to the Letter Agreement?

Were there any AGCO share transactions by the Reporting Persons in the last 60 days?

Does this filing change voting control over AGCO?

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[SCHEDULE 13D/A] AGCO Corporation SEC Filing

Insights

Securities Analyst neutral

Corporate Governance Expert neutral

FAQ

How many AGCO (AGCO) shares does TAFE currently own?

What is the combined ownership percentage of Mallika Srinivasan in AGCO?

What did TAFE pay for its AGCO stake?

What is the significance of Amendment No. 4 to the Letter Agreement?

Were there any AGCO share transactions by the Reporting Persons in the last 60 days?

Does this filing change voting control over AGCO?

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AGCO Rankings

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