{"url_path":"/sec/lnn/8-k/2026-07-17/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-17","source_url":"https://www.sec.gov/Archives/edgar/data/836157/0001193125-26-307817-index.html","accession_number":"0001193125-26-307817","cik":"0000836157","ticker":"LNN","issuer_name":"LINDSAY CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/836157/0001193125-26-307817-index.html","primary_entity_key":"0000836157","primary_entity_name":"LINDSAY CORP"},"word_count":403,"has_tables":true,"body_markdown":"## Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\nOn July 17, 2026, Lindsay Corporation (the “Company”) announced that Sam Hinrichsen notified the Board of Directors of the Company of his intent to resign from his position as the Company’s Senior Vice President and Chief Financial Officer effective August 31, 2026 (the “Effective Date”). Mr. Hinrichsen is resigning for personal reasons and there were no disagreements between Mr. Hinrichsen and the Company. His departure is not related to the operations, policies or practices of the Company or any issues regarding accounting policies or practices. The Company is commencing a search for a new Chief Financial Officer with the assistance of an executive recruiting firm. “We would like to thank Sam for his service and wish him the best of luck in his future endeavors,” said Randy Wood, President and Chief Executive Officer.\n\nFrom 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”). In consideration of Mr. Hinrichsen’s provision of transition services, release of claims, and compliance with certain obligations, including non-competition, non-solicitation, and non-disparagement covenants:\n\n•\nMr. Hinrichsen will receive cash compensation in the amount of $100,000 for transition services, payable in a single lump sum following the end of the Transition Period;\n\n•\nMr. Hinrichsen shall receive his annual bonus under the Company’s Management Incentive Plan for the 2026 Plan Year;\n\n•\nMr. Hinrichsen will receive cash compensation in the amount of $110,000, payable in a single lump sum following the Effective Date, with such amount approximating the value he would have received under outstanding equity awards had he remained an employee through the November 1, 2026 vesting date; and\n\n•\nthe Company shall pay Mr. Hinrichsen’s COBRA premium to maintain group health insurance for the four (4) month period following the Effective Date through the end of the Transition Period; and\n\n•\nthe Company waives any rights it may have to repayment of Hinrichsen’s cash signing bonus.\n\nA copy of the Transition Services Agreement is filed as Exhibit 10.1 hereto and is incorporated herein by reference into this Item 5.02. The foregoing description of the material terms of the Transition Services Agreement does not purport to be complete and is qualified by reference to such exhibit."}