LINDSAY CORP 8-K

What Happened

• Lindsay Corporation (LNN) filed an 8-K reporting two main items: the Board appointed Brett R. Coburn as Vice President and Chief Accounting Officer effective January 6, 2026, and the company disclosed the final voting results from its Fiscal 2026 Annual Meeting held on January 6, 2026. Mr. Coburn has worked at Lindsay since April 2019 and is a licensed Certified Public Accountant in Nebraska. The 8-K was signed January 12, 2026.

Key Details

• Appointment: Brett R. Coburn (age 34) promoted internally to VP & Chief Accounting Officer; previously Senior Director, Corporate Controller (Feb 2024–Jan 2026). Employed at Lindsay since April 2019.
• Compensation & benefits: Mr. Coburn will receive a base salary, annual bonus opportunities, and long-term equity awards at the discretion of the Human Resources and Compensation Committee, and remains eligible for standard employee benefits. No related-party transactions or family relationships to disclose.
• Meeting turnout: 9,325,331 shares represented (88.0% of 10,591,980 shares entitled to vote) at the Jan. 6, 2026 annual meeting.
• Vote results:
  • Directors elected for terms expiring fiscal 2029:
    • Michael N. Christodolou: 7,692,367 votes FOR, 1,200,426 WITHHELD (432,538 broker non-votes)
    • Jahidul H. Khandaker: 8,644,185 FOR, 248,608 WITHHELD (432,538 broker non-votes)
    • David B. Rayburn: 8,260,227 FOR, 632,566 WITHHELD (432,538 broker non-votes)
  • Ratification of auditor (KPMG LLP): 8,720,296 FOR, 597,510 AGAINST, 7,525 ABSTENTIONS.
  • Advisory (say-on-pay) vote: 8,193,803 FOR, 681,543 AGAINST, 17,447 ABSTENTIONS (432,538 broker non-votes).

Why It Matters

• Leadership continuity: Promoting an internal finance executive to Chief Accounting Officer signals continuity in financial leadership and preserves institutional knowledge—important for financial reporting and controls.
• Governance and shareholder support: Strong turnout (88%) and the voting results show shareholder approval for the board slate, the auditor (KPMG), and executive compensation on an advisory basis, which may reduce near-term governance risk.
• Investor takeaway: No immediate financial impact disclosed in the filing; investors should note the internal promotion and the clear shareholder endorsement of key governance items when assessing management stability and oversight.