AGCO : Termination of Material Agreement - Form 8-K

Item 1.02. Termination of a Material Definitive Agreement.

On April 26, 2024, the Company gave notice to Tractors and Farm Equipment Limited ("TAFE") that the Company is terminating its commercial relationships with TAFE. During 2023, the Company purchased approximately $171.6 million of tractors and components from TAFE and sold approximately $3.6 million of parts to TAFE. In addition, the Company licenses the right to use the Massey Ferguson tradename to TAFE for use in India and certain other countries. The Company also owns approximately 21% of the outstanding shares of TAFE, and TAFE and its affiliates own approximately 16% of the outstanding shares of the Company, which ownership interests and related agreements will not be impacted by the termination notices.