UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 30, 2002
Federal Agricultural Mortgage Corporation
----------------------------------------------
(Exact name of registrant as specified in its charter)
Federally chartered
instrumentality of
the United States 0-17440 52-1578738
------------------------------- ------------ --------------
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
1133 Twenty-First Street, N.W., Suite 600, Washington, D.C. 20036
----------------------------------------------------------- ------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (202) 872-7700
No change
--------------------
(Former name or former address, if changed since last report)
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99 Press release dated May 30, 2002.
Item 9. Regulation FD Disclosure.
On May 30, 2002, the Registrant issued a press release to announce a
conference call on May 31, 2002 for investors in its stock. The press release is
filed as Exhibit 99 hereto and incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FEDERAL AGRICULTURAL MORTGAGE CORPORATION
By: /s/ Jerome G. Oslick
---------------------------------
Name: Jerome G. Oslick
Title: Vice President - General Counsel
Dated: May 30, 2002
EXHIBIT INDEX
Exhibit No. Description Page No.
----------- ----------- --------
99 Press Release Dated May 30, 2002 5
Exhibit 99
NEWS
FOR IMMEDIATE RELEASE CONTACT
--------------------- -------
May 30, 2002 Jerome Oslick
202-872-7700
Farmer Mac Announces Investor Conference Call
Washington, D.C. -- The Federal Agricultural Mortgage Corporation (Farmer
Mac, NYSE: AGM and AGMA), the stockholder-owned instrumentality of the United
States chartered by Congress to establish a secondary market for agricultural
real estate and rural housing mortgage loans, announced today that it will hold
a conference call beginning at 9:00 a.m. Eastern time, Friday, May 31, 2002 for
Farmer Mac investors.
The company said that while there are no developments within the company
that could account for the recent loss in value of its Class C Common Stock, it
is holding the call in order to reconfirm its strong financial condition and
outlook to the financial community. Farmer Mac also reaffirmed its prior
guidance that it is on track to meet or exceed analysts' expectations for both
the second quarter and the full year.
Additional information about Farmer Mac is available on Farmer Mac's
website at www.farmermac.com. The conference call will be webcast on Farmer
Mac's website, and an audio recording of that call will be available on Farmer
Mac's website after the call is concluded.
Forward-Looking Statements
This release includes forward-looking statements that reflect management's
current expectations for Farmer Mac's future financial results. Management's
expectations for Farmer Mac's future necessarily involve assumptions, estimates
and the evaluation of risks and uncertainties. Various factors could cause
actual events or results to differ materially from those expectations. Some of
the important factors that could cause Farmer Mac's actual results to differ
materially from management's expectations include uncertainties regarding: (1)
the rate and direction of the development of the secondary market for
agricultural mortgage loans; (2) the agricultural economy resulting from low
commodity prices, weak demand for U.S. agricultural products and crop damage
from natural disasters; (3) the effect on the agricultural economy of federal
assistance to farmers provided for in the recently-passed farm bill; and (4) the
possible establishment of additional statutory or regulatory restrictions on
Farmer Mac, such as restrictions on Farmer Mac's investment authority. These and
other factors are discussed in Farmer Mac's Annual Report on Form 10-K for the
year ended December 31, 2001, as filed with the Securities and Exchange
Commission on March 27, 2002, and in Farmer Mac's Quarterly Report on Form 10-Q
for the quarter ended March 31, 2002, as filed with the SEC on May 15, 2002. The
forward-looking statements contained herein represent management's expectations
as of the date of this release. Farmer Mac undertakes no obligation to release
publicly the results of any revisions to the forward-looking statements included
herein to reflect events or circumstances after today, or to reflect the
occurrence of unanticipated events.
* * * *