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- Departure of CFO (new) — The Chief Financial Officer is resigning, though the company states it is for personal reasons with no disagreements or operational issues.
Lindsay CFO Sam Hinrichsen resigns effective August 31, cites personal reasons
Filed July 17, 2026 · Period ending July 16, 2026 · ~1 min read
Key Changes
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CFO Sam Hinrichsen resigns effective August 31, 2026 for personal reasons; company states no disagreements and departure unrelated to operations, policies, or accounting issues.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Hinrichsen will provide transition services through December 31, 2026 for $100,000 while company conducts executive search for replacement CFO.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Separation package includes $110,000 approximating forfeited equity value, 2026 annual bonus, four months COBRA coverage, and waiver of signing bonus repayment in exchange for release and restrictive covenants.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Lindsay Corp disclosed that CFO Sam Hinrichsen will resign effective August 31, 2026, citing personal reasons. The company explicitly stated there were no disagreements and the departure is unrelated to operations, policies, practices, or accounting issues. While the stated rationale is benign, any CFO departure warrants attention given the role's centrality to financial reporting and investor communications.
The company has structured a four-month transition period through year-end during which Hinrichsen will provide services for $100,000 while an executive search firm conducts a replacement search. The separation package totals approximately $210,000 in cash plus benefits, including compensation approximating forfeited equity and his 2026 bonus. The transition arrangement should provide continuity during the handover, though investors will want to monitor the search process and assess the incoming CFO's qualifications and strategic alignment when announced.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
From the Effective Date through December 31, 2026 (the “Transition Period”), Mr. Hinrichsen will provide transition services to the Company pursuant to the terms of a written transition services agreement (the “Transition Services Agreement”).
Hinrichsen will provide transition services from September 1 through December 31, 2026 under a formal agreement. This four-month transition period should help ensure continuity during the CFO search and handover process.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 20, 2026 · How we verify