Lindsay Corporation filed a Form 8-K on November 2, 2026, disclosing the appointment of Michael Koch as Senior Vice President and Chief Financial Officer, effective November 9, 2026.

Key Highlights

  • New CFO named: Michael Koch, age 51, was appointed Senior Vice President and Chief Financial Officer by Lindsay Corporation's Board of Directors, with an effective start date of November 9, 2026.
  • Interim CFOs stepping down: Brett Coburn and Alicia Pfeifer will cease serving as interim co-Chief Financial Officers on November 9, 2026; both will remain in their existing vice president roles.
  • Base salary: Koch will receive an annual base salary of $465,000.
  • Bonus structure: Koch is eligible for a target bonus equal to 65% of base salary, with a maximum bonus of up to 200% of that target, prorated for fiscal 2027.
  • Equity award: Koch will receive an annual equity or long-term incentive award on his start date with an expected aggregate grant-date accounting value of $650,000.
  • Signing bonus: Koch will receive a $150,000 cash signing bonus on his start date, subject to repayment under certain circumstances.
  • Prior role: Koch most recently served as Senior Vice President, Finance and Divisional Chief Financial Officer, Commercial Engine Services at StandardAero, Inc. (NYSE: SARO), a position he held since March 2026.

Michael Koch's Appointment as Lindsay Corporation's CFO: Terms and Background

According to the filing, Lindsay Corporation (NYSE:LNN) announced that its Board of Directors appointed Michael Koch as Senior Vice President and Chief Financial Officer, effective November 9, 2026, on which date he will also commence employment and serve as the company's principal financial officer. The filing states that Brett Coburn, who had been serving as interim principal financial officer, will revert to his role as Vice President and Chief Accounting Officer and will continue as principal accounting officer. Alicia Pfeifer will return to her role as Vice President, Business Finance.

The filing describes Koch's professional background in detail. Before joining Lindsay, Koch served at StandardAero, Inc. in two successive senior finance roles beginning in May 2025. From 2019 to 2025, the filing states, Koch served as Senior Vice President, Finance at Universal Electronics Inc. (Nasdaq: UEIC), where he had held various finance positions since 2004. The filing also notes that Koch served as Chief Financial Officer of Nortek Security & Control from 2018 to 2019 and as Chief Financial Officer of Ryan Herco Flow Solutions from 2011 to 2013. Earlier positions cited include finance roles at Applied Graphics Technologies, Inc., Kraft Foods, Inc., and W.W. Grainger, Inc. Koch holds a Master of Business Administration from the University of Michigan and a Bachelor of Business Administration in Finance, Investment and Banking from the University of Wisconsin, according to the filing.

The employment agreement, dated October 27, 2026, provides for a one-year term with automatic daily extensions unless the company provides notice of non-extension, the filing discloses. Severance compensation is described as equal to one times annual base salary, or base salary plus target bonus if termination follows a "change in control" as defined in the agreement, provided termination occurs without "cause" or Koch resigns for "good reason" within one year of such an event. The filing states there are no family relationships between Koch and any director or executive officer of the company.

What Was Disclosed

Lindsay Corporation disclosed the appointment of Michael Koch as its new Senior Vice President and CFO effective November 9, 2026, along with the full terms of his compensation package, his employment agreement, and his professional background, filed as an 8-K on November 2, 2026.