27 unchanged sentences
In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2022, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.
−Removed: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2021 and 2020, the related consolidated statements of operations, comprehensive income (loss), stockholders’ equity, and cash flows for each of the years in the three-year period ended December 31, 2021, and the related notes and financial statement schedule II — Valuation and Qualifying Accounts (collectively, the consolidated financial statements), and our report dated February 25, 2022 expressed an unqualified opinion on those consolidated financial statements.
+Added: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2022 and 2021, the related consolidated statements of operations, comprehensive income, stockholders’ equity, and cash flows for each of the years in the three-year period ended December 31, 2022, and the related notes and financial statement Schedule II — Valuation and Qualifying Accounts (collectively, the consolidated financial statements), and our report dated March 1, 2023 expressed an unqualified opinion on those consolidated financial statements.
Basis for Opinion
16 unchanged sentences
Atlanta, Georgia
−Removed: February 25, 2022
+Added: March 1, 2023
Other Information
50 unchanged sentences
June 30, 2002, Form 10-Q, Exhibit 3.1
−Removed: Amended and Restated By-Laws
−Removed: January 27, 2021, Form 8-K, Exhibit 3.1
+Added: October 31, 2022, Form 8-K, Exhibit 3.1
Description of Securities
8 unchanged sentences
January 22, 2019, Form 8-K, Exhibit 10.2
+Added: 2023 Form of Stock Appreciation Rights Agreement*
+Added: January 13, 2023, Form 8-K, Exhibit 10.3
2019 Form of Restricted Stock Units Agreement*
−Removed: June 30, 2018, Form 10-Q, Exhibit 10.1
+Added: January 22, 2019, Form 8-K, Exhibit 10.1
2023 Form of Restricted Stock Units Agreement*
2 unchanged sentences
January 27, 2021, Form 8-K, Exhibit 10.1
−Removed: Amended and Restated Management Incentive Program*
−Removed: June 30, 2019, Form 10-Q, Exhibit 10.3
+Added: 2023 Form of Performance Share Agreement*
+Added: January 13, 2023, Form 8-K, Exhibit 10.1
Amended and Restated Executive Nonqualified Pension Plan*
April 12, 2021, Form 8-K, Exhibit 10.1
+Added: Annual Incentive Plan*
+Added: August 9, 2022, Form 10-Q, Exhibit 10.2
Executive Nonqualified Defined Contribution Plan*
1 unchanged sentence
Amended and Restated Employment and Severance Agreement with Eric P.
−Removed: Filed herewith
−Removed: Employment and Severance Agreement with Andrew H.
−Removed: March 31, 2010, Form 10-Q, Exhibit 10.2
+Added: February 25, 2022, Form 10-K, Exhibit 10.10
+Added: Employment and Severance Agreement with Damon J.
+Added: June 15, 2022, Form 8-K, Exhibit 10.1
Employment and Severance Agreement with Robert B.
December 31, 2017, Form 10-K, Exhibit 10.13
−Removed: Employment and Severance Agreement with Torsten Dehner *
−Removed: Filed herewith
−Removed: Employment and Severance Agreement with Hans-Bernd Veltmaat*
−Removed: December 31, 2009, Form 10-K, Exhibit 10.17
Number Description of Exhibit The Filings Referenced for
1 unchanged sentence
AGCO Corporation
−Removed: Debt Agreement dated December 18, 2014
+Added: Employment and Severance Agreement with Torsten Dehner*
+Added: February 25, 2022, Form 10-K, Exhibit 10.13
+Added: Credit Agreement dated as of June 27, 2022
+Added: August 9, 2022, Form 10-Q, Exhibit 10.1
+Added: Credit Agreement dated as of December 19, 2022
December 21, 2022, Form 8-K, Exhibit 10.1
−Removed: Credit Agreement dated as of October 17, 2018
−Removed: September 30, 2018, Form 10-Q, Exhibit 10.1
−Removed: Amendment, dated as of April 9, 2020, to the Credit Agreement dated as of October 17, 2018
−Removed: April 13, 2020, Form 8-K, Exhibit 10.1
Letter Agreement, dated November 5, 2015, between AGCO International GmbH and TAFE International LLC, Turkey and Tractors and Farm Equipment Limited
15 unchanged sentences
Current Director Compensation*
−Removed: Filed herewith
+Added: February 25, 2022, Form 10-K, Exhibit 10.26
Subsidiaries of the Registrant
6 unchanged sentences
Filed herewith
−Removed: Certification of Andrew H.
+Added: Certification of Damon Audia
Filed herewith
Certification of Eric P.
−Removed: Hansotia and Andrew H.
+Added: Hansotia and Damon Audia
Furnished herewith
4 unchanged sentences
(i) Consolidated Statements of Operations;
−Removed: (ii) Consolidated Statements of Comprehensive Income (Loss);
+Added: (ii) Consolidated Statements of Comprehensive Income;
(iii) Consolidated Balance Sheets;
3 unchanged sentences
Filed herewith
−Removed: 104 Cover Page Interactive Data File - the cover page from this Annual Report on Form 10-K for the year ended December 31, 2021 is formatted in Inline XBRL Filed herewith
+Added: 104 Cover Page Interactive Data File - the cover page from this Annual Report on Form 10-K for the year ended December 31, 2022 is formatted in Inline XBRL
+Added: Filed herewith
Form 10-K Summary
1 unchanged sentence
AGCO Corporation
−Removed: February 25, 2022 Chairman of the Board, President
+Added: March 1, 2023 Chairman of the Board, President
and Chief Executive Officer
2 unchanged sentences
Hansotia Chairman of the Board, President and Chief
−Removed: Executive Officer February 25, 2022
−Removed: /s/ ANDREW H.
−Removed: BECK Senior Vice President and Chief Financial Officer
−Removed: (Principal Financial Officer) February 25, 2022
+Added: Executive Officer March 1, 2023
+Added: /s/ Damon Audia Senior Vice President and Chief Financial Officer
+Added: (Principal Financial Officer) March 1, 2023
Long Vice President, Chief Accounting Officer
−Removed: (Principal Accounting Officer) February 25, 2022
+Added: (Principal Accounting Officer) March 1, 2023
/s/ Michael C.
−Removed: ARNOLD * Director February 25, 2022
+Added: Arnold Director March 1, 2023
/s/ Sondra L.
−Removed: BARBOUR * Director February 25, 2022
−Removed: GEORGE BENSON * Director February 25, 2022
−Removed: George Benson
+Added: Barbour Director March 1, 2023
/s/ Suzanne P.
−Removed: CLARK * Director February 25, 2022
−Removed: /s/ BOB DE LANGE * Director February 25, 2022
+Added: Clark Director March 1, 2023
+Added: /s/ Bob De Lange Director March 1, 2023
/s/ George E.
−Removed: MINNICH * Director February 25, 2022
−Removed: /s/ NIELS PÖRKSEN * Director February 25, 2022
+Added: Minnich Director March 1, 2023
+Added: /s/ Niels P ö rksen
+Added: Director March 1, 2023
Niels P ö rksen
−Removed: /s/ MALLIKA SRINIVASAN * Director February 25, 2022
+Added: /s/ David Sagehorn Director March 1, 2023
+Added: David Sagehorn
+Added: /s/ Mallika Srinivasan Director March 1, 2023
Mallika Srinivasan
−Removed: /s/ MATTHEW TSIEN * Director February 25, 2022
+Added: /s/ Matthew Tsien Director March 1, 2023
Matthew Tsien
−Removed: /s/ ANDREW H.
−Removed: BECK February 25, 2022
+Added: /s/ Damon Audia March 1, 2023
Attorney-in-Fact
45 unchanged sentences
Deferred tax valuation allowance $ 169.1 $ 0.9 $ 28.7 $ — $ ( 17.7 ) $ 181.0
−Removed: (1) There were no amounts credited or charged through other comprehensive income during 2021.
−Removed: Amounts credited through other comprehensive income (loss) during the years ended December 31, 2020 and 2019 were approximately $ 12.4 million and approximately $ 2.5 million, respectively.
+Added: (1) There were no amounts credited or charged through other comprehensive income during 2022 and 2021.
+Added: Amounts credited through other comprehensive income (loss) during the year ended December 31, 2020 was approximately $ 12.4 million.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.