Corteva, Inc. reported a board-transition plan tied to its planned separation of its seed business into a new independent public company, Vylor, Inc. On June 26, 2026, four Corteva directors—Karen Grimes, Marcos Lutz, Charles Magro, and Kerry Preete—mutually agreed with Corteva’s board that they will resign from Corteva’s board immediately before, and only if, the spin-off of Vylor is completed. The resignations are not immediate and are expressly conditioned on the consummation of the planned spin-off. Corteva said the departures are connected to its expectation that Grimes, Lutz, Magro, and Preete will join the board of directors of Vylor, which is currently a wholly owned Corteva subsidiary. The company also stated that the directors’ decisions to step down from Corteva’s board are not due to any disagreement with Corteva’s operations, policies, or practices. The filing was made under Item 5.02, covering departures of directors or certain officers and related governance changes. It does not report any insider stock transactions, option exercises, equity grants, share sales, purchase prices, transaction codes, or changes in beneficial ownership. Instead, the action concerns board composition and governance planning as Corteva prepares to separate its seed business. Corteva also reported under Item 7.01 that it issued two news releases on June 29, 2026, announcing the expected post-separation boards of directors for both Corteva and Vylor. In addition, Vylor filed its first public Form 10 registration statement in connection with the planned separation, providing information about Vylor’s business, strategy, and historical financial results. The company emphasized that the spin-off remains subject to risks and uncertainties, including whether the transaction will be completed, its timing and structure, the anticipated benefits and costs, potential effects on employees and business relationships, management distraction, unexpected expenses, and possible litigation. Corteva said it does not undertake to update forward-looking statements except as required by law.