8-K
Deere & Co (DE)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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| | FORM 8-K | |
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report: February 28, 2024
(Date of earliest event reported)
DEERE & COMPANY
(Exact name of registrant as specified in its charter)
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|---|---|---|---|---|
| Delaware | | 1-4121 | | 36-2382580 |
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
One John Deere Place
Moline, Illinois 61265
(Address of principal executive offices and zip code)
(309) 765-8000
(Registrant’s telephone number, including area code)
___________________________________________________
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
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|---|---|---|---|---|
| Title of each class | | Trading symbol | | Name of each exchange on which registered |
| Common stock, $1 par value | | DE | | New York Stock Exchange |
| 6.55% Debentures Due 2028 | | DE28 | | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07Submission of Matters to a Vote of Security Holders
Deere & Company (the “Company”) held its annual meeting of shareholders on February 28, 2024 (the “Annual Meeting”). The voting results for each matter submitted to a vote of shareholders at the Annual Meeting are as follows:
| 1. | Election of Directors |
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All director nominees were elected for terms expiring at the 2025 annual meeting of shareholders with the following votes:
| Shares Voted For | Shares Voted Against | Abstain | Broker Non-Votes | |
|---|---|---|---|---|
| Leanne G. Caret | 196,978,655 | 3,491,807 | 930,160 | 35,486,770 |
| Tamra A. Erwin | 196,721,242 | 4,282,371 | 397,009 | 35,486,770 |
| Alan C. Heuberger | 200,215,587 | 823,010 | 362,025 | 35,486,770 |
| L. Neil Hunn | 199,939,089 | 1,060,681 | 400,852 | 35,486,770 |
| Michael O. Johanns | 196,402,551 | 4,661,536 | 336,535 | 35,486,770 |
| Clayton M. Jones | 188,895,068 | 12,113,925 | 391,629 | 35,486,770 |
| John C. May | 187,199,172 | 13,281,373 | 920,077 | 35,486,770 |
| Gregory R. Page | 189,748,157 | 11,307,939 | 344,526 | 35,486,770 |
| Sherry M. Smith | 193,008,089 | 7,966,499 | 426,034 | 35,486,770 |
| Dmitri L. Stockton | 194,632,891 | 6,407,055 | 360,676 | 35,486,770 |
| Sheila G. Talton | 196,346,465 | 4,621,123 | 433,034 | 35,486,770 |
| 2. | Advisory Vote on Executive Compensation |
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The shareholders approved, on an advisory basis, the compensation paid to the Company’s named executive officers with the following vote:
| Shares Voted For Proposal | Shares Voted Against Proposal | Abstain | Broker Non-Votes |
|---|---|---|---|
| 186,037,110 | 14,543,702 | 819,810 | 35,486,770 |
| 3. | Ratification of Independent Registered Public Accounting Firm |
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Deloitte & Touche LLP was ratified as the Company’s independent registered public accounting firm for the 2024 fiscal year with the following vote:
| Shares Voted For Proposal | Shares Voted Against Proposal | Abstain |
|---|---|---|
| 222,992,295 | 12,466,913 | 1,428,184 |
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| 4. | Shareholder Proposal Regarding a Customer and Company Sustainability Congruency Report |
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A shareholder proposal regarding a customer and company sustainability congruency report was not approved, with the following vote:
| Shares Voted For Proposal | Shares Voted Against Proposal | Abstain | Broker Non-Votes |
|---|---|---|---|
| 3,033,263 | 195,280,536 | 3,086,823 | 35,486,770 |
| 5. | Shareholder Proposal Regarding a Civil Rights, Non-Discrimination, and Return to Merit Audit |
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A shareholder proposal regarding a civil rights, non-discrimination, and return to merit audit was not approved, with the following vote:
| Shares Voted For Proposal | Shares Voted Against Proposal | Abstain | Broker Non-Votes |
|---|---|---|---|
| 2,095,131 | 196,128,656 | 3,176,835 | 35,486,770 |
| 6. | Shareholder Proposal Regarding Shareholder Ratification of Golden Parachutes |
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A shareholder proposal regarding shareholder ratification of golden parachutes was not approved, with the following vote:
| Shares Voted For Proposal | Shares Voted Against Proposal | Abstain | Broker Non-Votes |
|---|---|---|---|
| 76,495,960 | 123,772,396 | 1,132,266 | 35,486,770 |
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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.
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| | DEERE & COMPANY | |
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| | By: | /s/ Edward R. Berk |
| | | Edward R. Berk |
| | | Secretary |
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| Dated: March 1, 2024 | | |
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