On August 6, 2024, Tractors and Farm Equipment Limited stated that it believes it is high time that the AGCO Corporation take measures to improve its operational performance, shareholder returns, and corporate governance, including by separating the roles of Chairman and CEO, adopting additional shareholder-friendly governance structures, and undertaking a meaningful Board refresh to restore a level of oversight and accountability to ensure that the Board is truly independent from management and is acting in the best interest of shareholders. In addition, Tractors and Farm Equipment Limited stated that it actively exploring all of their options, including a consent solicitation to remove and replace certain members of the Board and/or litigation, to protect not only their rights and investment as the Company?s shareholder, but the rights and investments of all of the Company?s shareholders, and also to ensure that the Board and its leadership are held accountable.