People: Federal Agricultural Mortgage Corp (AGMa.N)

AGMa.N on New York Stock Exchange

26.55USD
1 Jul 2013
Price Change (% chg)

$4.05 (+18.00%)
Prev Close
$22.50
Open
$24.01
Day's High
$26.95
Day's Low
$24.00
Volume
800
Avg. Vol
173
52-wk High
$29.28
52-wk Low
$17.34

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Summary

Name Age Since Current Position

Lowell Junkins

 68 2010 Independent Chairman of the Board

Timothy Buzby

 43 2013 President, Chief Executive Officer

Myles Watts

 60 2012 Vice Chairman of the Board

R. Dale Lynch

 46 2013 Chief Financial Officer, Senior Vice President, Treasurer

Tom Stenson

 61 2007 Chief Operating Officer, Executive Vice President

Stephen Mullery

 2012 Senior Vice President, General Counsel, Secretary

Dennis Everson

 61 2004 Director

Dennis Brack

 59 2001 Independent Director

Chester Culver

 46 2012 Independent Director

Richard Davidson

 67 2010 Independent Director

James Engebretsen

 56 2008 Independent Director

Sara Faivre-Davis

 47 2010 Independent Director

Mitchell Johnson

 70 1997 Independent Director

Clark Maxwell

 40 2008 Independent Director

John Raines

 68 1992 Independent Director

Bruce Sherrick

 49 2012 Independent Director
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Biographies

Name Description

Lowell Junkins

 Mr. Lowell L. Junkins is an Independent Chairman of the Board of Federal Agricultural Mortgage Corporation. He has been a member of the Board of Directors of the Corporation since June 13, 1996, and Chairman of the Board since September 30, 2010. He previously served as Vice Chairman of the Board from December 5, 2002 to September 30, 2010 and Acting Chairman of the Board from September 15, 2008 to September 30, 2010. Mr. Junkins serves as chairman of the Corporate Governance Committee and is a member of the Compensation Committee and the Public Policy Committee. He was appointed to the Board of Directors by President Clinton in April 1996 while the Senate was in recess and was confirmed by the Senate on May 23, 1997 and was reconfirmed by the Senate on June 3, 2003 and on September 30, 2010. Mr. Junkins works as a public affairs consultant for Lowell Junkins & Associates in Des Moines, Iowa. He owns and operates Hillcrest Farms in Montrose, Iowa, where he served as Mayor from 1971 to 1972. From 1974 through 1986, Mr. Junkins served as an Iowa State Senator, including as majority leader from 1981 to 1986.

Timothy Buzby

 Mr. Timothy L. Buzby is President, Chief Executive Officer of Federal Agricultural Mortgage Corp. He is no longer Chief Financial Officer, Treasurer, effective Feb 15, 2013. He has been appointed as President, Chief Executive Officer of the Company, effective October 03, 2012. Mr. Buzby has served as the Chief Financial Officer of Farmer Mac since April 2, 2009 and as the Treasurer of Farmer Mac since October 8, 2009. Mr. Buzby previously served as Farmer Mac’s Controller from December 2000 through June 2003, Vice President – Controller from June 2003 through April 2009, and Acting Treasurer from October 2008 through April 2009. Prior to joining Farmer Mac, Mr. Buzby served as Chief Financial Officer for George Mason Mortgage Corporation from March 2000 to December 2000. From July 1997 to February 2000, he was the Chief Financial Officer for Mortgage Edge Corporation. 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.

Myles Watts

 Dr. Myles J. Watts is Vice Chairman of the Board of Federal Agricultural Mortgage Corporation. He has been a member of the Board of Directors of the Corporation since September 30, 2010 and serves as Vice Chairman of the Board, Chairman of the Public Policy Committee and as a member of the Credit Committee and the Finance Committee. Dr. Watts is a professor in the Department of Agricultural Economics and Economics at Montana State University, where he has been a member of the faculty since 1978 and previously served as Department Head for 17 years, and currently also serves as an actuary for Watts and Associates, Inc. He has also served in various editorial capacities for the Journal of Agricultural and Resource Economics and has advised many governments and private organizations, including international reinsurance companies, on an array of financial issues, mostly focusing on agricultural insurance. He was one of the primary organizers of the International Institute for Agricultural Risk Management, and currently serves as a board member or in other leadership positions for a variety of nonprofit economic education groups. He has substantial experience with reinsurance companies in various capacities. Dr. Watts received his Ph.D. from the University of Nebraska in 1978.

R. Dale Lynch

 Mr. R. Dale Lynch has been appointed as the Chief Financial Officer, Senior Vice President, Treasurer of Federal Agricultural Mortgage Corporation, effective Feb 15, 2013. Prior to being appointed as an executive officer of Farmer Mac, Mr. Lynch worked as Vice President of Finance at U.S. Silica Holdings, Inc., where he helped lead the company’s public company readiness and initial public offering. Prior to that, he served as Executive Vice President of Finance of Allied Capital Corporation from 2004 to 2010. From 1989 to 2004, Mr. Lynch held various investment banking and analyst positions with Lehman Brothers, Deutsche Bank, and Merrill Lynch. Mr. Lynch earned a B.S. in accounting from The Pennsylvania State University and an M.B.A. from the University of Chicago, Booth School of Business.

Tom Stenson

 Mr. Tom D. Stenson is Chief Operating Officer, Executive Vice President of Federal Agricultural Mortgage Corporation. Mr. Stenson was appointed Chief Operating Officer on June 7, 2007. Prior to that time, Mr. Stenson was Vice President – Agricultural Finance of the Corporation from August 7, 1997 until June 7, 2007 and Director – Agricultural Finance of the Corporation from November 1996 until August 7, 1997.

Stephen Mullery

 Mr. Stephen P. Mullery has been appointed as Senior Vice President, General Counsel, Secretary of Federal Agricultural Mortgage Corporation, effective June 8, 2012. Immediately prior to his appointment, Mr. Mullery served as Deputy General Counsel of Farmer Mac beginning in October 2009 and as Assistant General Counsel of Farmer Mac for the nine years before that. Mr. Mullery was an associate in the Washington, D.C. office of the law firm Cadwalader, Wickersham & Taft for five years before joining Farmer Mac in October 2000. He is a graduate of Harvard College and Notre Dame Law School.

Dennis Everson

 Mr. Dennis A. Everson is a Director of Federal Agricultural Mortgage Corporation. He serves as chairman of the Marketing Committee and as a member of the Credit Committee and the Public Policy Committee. Mr. Everson has served as Branch Administration Director of First Dakota National Bank since 2009, and prior to then served as President and Manager of the First Dakota National Bank Agri-business Division since 2002. From 1984 until 2002, he was Vice President and Manager of the First Dakota National Bank Agri-business Division. From 2000 until 2002, Mr. Everson was a member of the Federal Home Loan Bank Committee of the American Bankers Association. During 1998, he served as Chairman of the Agricultural & Rural Bankers Committee of the American Bankers Association.

Dennis Brack

 Mr. Dennis L. Brack is an Independent Director of Federal Agricultural Mortgage Corporation. He serves as chairman of the Compensation Committee and as a member of the Corporate Governance Committee, the Finance Committee and the Credit Committee. Mr. Brack served as President and Chief Executive Officer of Bath State Bank in Bath, Indiana from 1988 to 2007. He has remained as a director of Bath State Bank and is currently a director on the board of Bath State Bancorp, the holding company for the bank. He became a member of the board of directors of Franklin County Community Foundation, Brookville, Indiana in 2007 and served as a member of their Investment Committee from 1999 to 2009. Mr. Brack has recently worked on the steering committees for Comprehensive Plan Development in both Franklin and Union Counties, Indiana. He was also a director of the Indiana Bankers Association from 1994 to 1996 and previously served a three-year term on the Purdue University Dean’s Advisory Council.

Chester Culver

 Governor Chester J. Culver is Independent Director of The Federal Agricultural Mortgage Corporation. He serves as a member of the Credit Committee, the Marketing Committee and the Public Policy Committee. In 2006, Gov. Culver was elected and served as Governor of the State of Iowa from 2006 until 2010. Prior to that time, Gov. Culver served as Secretary of State for the State of Iowa from 1998 until 2006. A graduate of Virginia Polytechnic Institute and State University, Gov. Culver began his career as an environmental and consumer advocate in the Iowa Attorney General’s Office. After receiving his Master of Arts in Teaching at Drake University in 1994, he taught government and history in Des Moines, Iowa, where he also coached football and basketball. Gov. Culver has served the National Governors Association as Chairman of both the Governors Wind Energy Coalition and Governors Biofuels Coalition. He was elected as the Federal Liaison to the U.S. Congress by the Democratic Governors Association, and served as a member of the Democratic Governors Executive Committee. Gov. Culver is the Founder of the Chet Culver Group, a renewable energy and infrastructure consultancy firm.

Richard Davidson

 Mr. Richard H. Davidson is Independent Director of Federal Agricultural Mortgage Corporation. He serves as Chairman of the Audit Committee and as a member of the Compensation Committee, the Corporate Governance Committee, and the Finance Committee. Mr. Davidson is presently serving as President of Davidson Farms, Inc. and Vice President of DSF, Inc., which consists of a grain farm, cow/calf herd, and beef cattle operation, located south of Columbus, Ohio. Mr. Davidson has been operating Davidson Farms, Inc. since 1970 and, operating DSF, Inc. since 2001. Mr. Davidson was elected to the AgriBank, FCB board of directors in March 2005 and currently serves as its vice chairman. He also serves on AgriBank’s Finance Committee and as chairman of its Enterprise Risk Management Committee. He also currently serves on the board of the Fayette County Charitable Foundation and was chairman of the Fayette County Planning Commission and the Fayette County Zoning Commission. Mr. Davidson has previously served on the board and as chairman of West Central Ohio Port Authority (railroad), Fayette Landmark, Inc. Co-op Supply Business and Fayette County Farm Bureau. He has also previously served on the board of the Columbus Production Credit Association, the Southern Ohio Farm Credit Association, Southern State Community College, Robinson Seed Company, Inc. Stock Company, Fayette County Chamber of Commerce and Royster Clark, Inc. Stock Company (fertilizer and agricultural supply). Mr. Davidson is a graduate of Ohio State University with a degree in Agricultural Economics.

James Engebretsen

 Mr. James R. Engebretsen is an Independent Director of Federal Agricultural Mortgage Corporation. He serves as a member of the Audit Committee, the Corporate Governance Committee, and the Finance Committee. Mr. Engebretsen is the Assistant Dean of the Marriott School of Management at Brigham Young University, where he also served as Professor of Finance. He formerly served as the Managing Director of the Peery Institute of Financial Services at the Marriott School from 2004 to 2006. He joined the Marriott School with nearly fifteen years of work experience at Lehman Brothers, JP Morgan and Goldman Sachs in New York and Philadelphia. Mr. Engebretsen left Goldman Sachs in 1995 to set up his own hedge fund, Associates Capital Management. He is a registered investment advisor and earned his MBA and BS in Economics from Brigham Young University.

Sara Faivre-Davis

 Dr. Sara L. Faivre-Davis, Ph.D., is an Independent Director of Federal Agricultural Mortgage Corporation. She serves as a member of the Audit Committee, the Marketing Committee, and the Public Policy Committee. Dr. Faivre-Davis is currently co-owner and managing partner of Wild Type Ranch, She has operated Wild Type Ranch since 2005. Dr. Faivre-Davis co-founded GenomicFX, a livestock genomics company, and served as Vice President of Bioinformatics and Vice President of Swine Business Development from 2000-2001. In 2001, she co-founded ViaGen, Inc., a livestock genetic improvement company, where she served in several capacities, including President, from 2001-2006. Dr. Faivre-Davis has held research positions as a staff scientist with the United States Department of Agriculture on the Bovine Genome Project and with the University of Iowa on the Human Genome Project. Her academic career also includes faculty appointments at the University of Illinois and Texas A&M University. Dr. Faivre-Davis graduated with honors from Iowa State University with a Bachelor of Science in Agricultural Business and Animal Science in 1986, and she earned her Ph.D. in Genetics from Texas A&M in 1991.

Mitchell Johnson

 Mr. Mitchell A. Johnson is an Independent Director of Federal Agricultural Mortgage Corporation. He member of the Compensation Committee and the Marketing Committee. Mr. Johnson is a financial consultant. He is also a trustee of, and during the past five years has served as director for, the Advisors’ Inner Circle Funds, the Advisors’ Inner Circle Funds II, The Bishop Street Funds and SEI Funds. Mr. Johnson formerly was President of MAJ Capital Management, Inc., an investment management firm that he founded in 1994 following his retirement from the Student Loan Marketing Association (“Sallie Mae”). During his 21 years with Sallie Mae, Mr. Johnson held numerous positions within that organization including, for the seven years preceding his retirement, Senior Vice President, Corporate Finance. He has been a trustee of Citizens Funds, Rushmore Funds and Diversified Funds. Mr. Johnson also served as a director of Eldorado Bankshares, Inc., Laguna Hills, California, the holding company for Eldorado and Antelope Valley Banks.

Clark Maxwell

 Mr. Clark B. Maxwell is an Independent Director of Federal Agricultural Mortgage Corporation. He serves as a member of the Audit Committee, the Public Policy Committee, and the Finance Committee. Mr. Maxwell is a Managing Director and Head of Accounting Policy and Global Accounting Services at Chatham Financial Corp., where he has held various positions since 2002. Chatham provides comprehensive interest rate, commodity, and currency hedging to hundreds of financial institutions, real estate companies, and other institutional clients. From 1998 to 2002, Mr. Maxwell was a Manager at Ernst & Young LLP, where he specialized in audits of financial institutions and served as a derivatives and hedging subject matter. Mr. Maxwell was a Postgraduate Technical Assistant at the Financial Accounting Standards Board from 1997 to 1998, where he worked on the development of Statement of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and Hedging Activities. Mr. Maxwell is a Certified Public Accountant and a member of the AICPA. He received his BS, summa cum laude, and Masters in Accounting from Brigham Young University.

John Raines

 Mr. John Dan Raines, Jr., is an Independent Director of Federal Agricultural Mortgage Corporation. He serves as a member of the Audit Committee, the Corporate Governance Committee and the Public Policy Committee. He is the owner and operator of Raines Commercial Group, Inc., a general business corporation. Since 1981, Mr. Raines has served as a member of the board of directors of AgGeorgia Farm Credit, ACA, and its predecessor Farm Credit System institution. He also previously served as a member of the board of directors of AgFirst Farm Credit Bank (formerly the Farm Credit Bank of Columbia, South Carolina) from 1990 to 2009. From 1986 to 1990, Mr. Raines was a member of the board of directors of the South Atlantic Production Credit Association, and served as its chairman in 1989 and 1990. Mr. Raines holds a BBA degree from the University of Georgia.

Bruce Sherrick

 Dr. Bruce J. Sherrick is Independent Director of The Federal Agricultural Mortgage Corporation. He is the member of the Audit Committee and the Compensation Committee. Dr. Sherrick is a Professor of Agricultural and Applied Finance, and Director of the Center for Farm and Rural Business Finance, in the Department of Agricultural and Consumer Economics at the University of Illinois. Dr. Sherrick teaches undergraduate and graduate courses in applied finance and financial modeling, and has experience in credit risk assessment, credit evaluation, farmland valuation, capital modeling, crop insurance, and development of computerized decision aids. He has also taught banking seminars and Basel-related sessions to international banking audiences and has developed and supported risk-based capital stress tests. Dr. Sherrick earned his Ph.D. from The Ohio State University with subject matter fields in Finance and Marketing. Dr. Sherrick is also currently managing partner of integrated Financial Analytics & Research (iFAR), a consulting firm that specializes in credit risk assessment and modeling of agricultural finance institutions.

Insider Trading

Name Shares Traded Price

FAIVRE-DAVIS SARA LOUISE

 100 $28.98

BUZBY TIMOTHY L

 12,125 $30.11

BUZBY TIMOTHY L

 12,125 $22.40

HILL THOMAS WILLIAM

 1,000 $30.68

DAVIDSON RICHARD H

 2,500 $31.14

HILL THOMAS WILLIAM

 1,000 $31.23

EVERSON DENNIS A

 2,813 $31.10

BUZBY TIMOTHY L

 1,898 $22.40

BUZBY TIMOTHY L

 1,898 $32.00

FAIVRE-DAVIS SARA LOUISE

 100 $31.51

AGRIBANK FCB

 2,020 $0.00

AGRIBANK FCB

 2,020 $0.00

LEIBOLD CARLA A

 1,000 $0.00

MCELROY JAMES B

 2,020 $0.00

FAIVRE-DAVIS SARA LOUISE

 100 $30.12

DAVIDSON RICHARD H

 2,020 $0.00

MULLERY STEPHEN P

 1,242 $0.00

DAVIDSON RICHARD H

 2,020 $0.00

FAIVRE-DAVIS SARA LOUISE

 2,020 $0.00

SHERRICK BRUCE J

 2,020 $0.00

LYNCH ROBERT DALE

 1,932 $0.00

ENGEBRETSEN JAMES R

 2,020 $0.00

WATTS MYLES JAMES

 2,020 $0.00

CULVER CHESTER J

 2,020 $0.00

STENSON TOM DOUGLAS

 1,932 $0.00
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