DE 8-K
Deere & Co (DE)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM |
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Item 5.02 | Departure of Directors or Certain Officers, Election of Directors, Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 1, 2024, the Board of Directors (the “Board”) of Deere & Company (the “Company”) increased the size of the Board from 11 to 12 directors and appointed R. Preston Feight to the Board effective immediately. Mr. Feight is the chief executive officer of PACCAR Inc, a Bellevue, Washington-based public company that manufactures commercial trucks and diesel engines, distributes aftermarket parts for trucks and related commercial vehicles, and provides financing and leasing services to customers and dealers.
There are no arrangements or understandings between Mr. Feight and any other persons pursuant to which Mr. Feight was selected as a director. The Company is not aware of any related party transactions or relationships between Mr. Feight and the Company that would require disclosure under Item 404(a) of Regulation S-K.
Item 7.01Regulation FD Disclosure.
On November 1, 2024, the Company issued a press release relating to Mr. Feight’s appointment, a copy of which is attached hereto and incorporated by reference as Exhibit 99.1.
The information in this Item 7.01 is not filed for purposes of the Securities Exchange Act of 1934 and is not deemed incorporated by reference by any general statements incorporating by reference this report or future filings into any filings under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent the Company specifically incorporates the information by reference.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
Number | Description of Exhibit |
99.1 | |
104 | Cover Page Interactive Data File (the cover page XBRL tags are imbedded in the Inline XBRL document) |
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Signature
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.
DEERE & COMPANY | ||
By: | /s/ Edward R. Berk | |
Edward R. Berk | ||
Secretary | ||
Dated: November 1, 2024 | ||
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Exhibit 99.1
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News Release |
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PACCAR CEO R. Preston Feight Appointed to Deere Board of Directors
MOLINE, Illinois (Nov. 1, 2024) – Deere & Company (NYSE: DE) today announced the appointment of R. Preston Feight to the company's board of directors. He currently serves as chief executive officer of PACCAR Inc (Nasdaq: PCAR), a Fortune 500 company and a global technology leader in the design, manufacture, and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates.
Feight’s leadership at PACCAR has been characterized by pioneering advancements in engineering, manufacturing, aftermarket, and financial services capabilities. His strong emphasis on technology has positioned PACCAR as a leader in advanced powertrains—including diesel, electric, and hydrogen fuel cells—as well as in sophisticated driver assistance systems and truck connectivity.
“We’re pleased to welcome Preston to the Deere board—an accomplished leader whose experience as CEO of another innovative industrial company aligns perfectly with our own transformation journey,” said John C. May, Deere’s chairman and CEO. “His leadership at PACCAR, which has a strong history of collaboration with Deere, along with his extensive business strategy and technology background, will be invaluable as we advance our Smart Industrial Operating Model.”
In his 26 years with PACCAR, Feight has held positions as director of product planning, chief engineer, assistant general manager of sales and marketing, and general manager of Kenworth Truck Company, as well as president of DAF Trucks. In 2018, he was appointed PACCAR executive vice president and became CEO in July 2019. Earlier in his career, Feight held engineering roles at AlliedSignal and Ford.
He holds a Bachelor of Science degree in Mechanical Engineering from Northern Arizona University and a Master of Science in Engineering Management from the University of Colorado. He is a licensed professional engineer and commercial truck driver.
With Feight’s appointment, the size of Deere’s board has increased to 12 members, 11 of whom are independent, or non-employee, directors.
About Deere & Company
Deere & Company (www.JohnDeere.com) is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. We help our customers push the boundaries of what's possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world's increasing need for
food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial.
For more information on Deere & Company, visit us at www.deere.com/en/news/.
Contact:
Jen Hartmann
Director, Public Relations
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