0000315189falseDEERE & CO0000315189us-gaap:CommonStockMember2024-05-312024-05-310000315189de:Debentures6.55PercentDue2028Member2024-05-312024-05-3100003151892024-05-312024-05-31

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: May 31, 2024

(Date of earliest event reported)

DEERE & COMPANY

(Exact name of registrant as specified in its charter)

Delaware

1-4121

36-2382580

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

One John Deere Place

MolineIllinois 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:

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 7.01Regulation FD Disclosure

The guidance provided by Deere & Company (the “Company”) on its earnings call held on May 16, 2024 is unchanged. The workforce reduction described in Item 8.01 hereof is not expected to impact such guidance.

The information in this Item 7.01 is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be set forth by specific reference in such a filing.

Item 8.01Other Events

On May 31, 2024, the Company announced to its employees a plan to reduce its production and salaried workforce to help the Company meet its strategic priorities while reducing overlap and redundancy in roles and responsibilities. It is anticipated that the activities related to salaried employees will occur during the third quarter of fiscal year 2024.

FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, the impact and timing of the planned workforce reduction, including on the Company’s previously provided earnings guidance, the Company’s global manufacturing footprint, and statements containing the words such as “plans,” “expects,” “anticipates,” “should,” and other similar expressions. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that actual results may differ materially. Important factors that could cause actual results to vary from expectations include, but are not limited to: adverse macroeconomic conditions, including unemployment, inflation, rising interest rates, changes in consumer practices due to slower economic growth, and regional or global liquidity constraints; the timing of the workforce realignment; any unintended consequences from the workforce realignment that impact our business; efficiency and cost savings initiatives, including actions thereunder and the expected impact; potential business decisions related to the workforce reduction and other strategic initiatives and priorities; and the other factors discussed in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q. All forward-looking statements are based upon information available to the Company on the date of this report. The Company undertakes no obligation, and does not expect, to publicly update or publicly revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

2

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: June 5, 2024

3

v3.24.1.1.u2
Document and Entity Information
May 31, 2024
Document Information [Line Items]  
Document Type 8-K
Document Period End Date May 31, 2024
Entity File Number 1-4121
Entity Registrant Name DEERE & CO
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 36-2382580
Entity Address, Address Line One One John Deere Place
Entity Address, City or Town Moline
Entity Address, State or Province IL
Entity Address, Postal Zip Code 61265
City Area Code 309
Local Phone Number 765-8000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000315189
Amendment Flag false
Common Stock  
Document Information [Line Items]  
Title of 12(b) Security Common stock, $1 par value
Trading Symbol DE
Security Exchange Name NYSE
6.55% Debentures Due 2028  
Document Information [Line Items]  
Title of 12(b) Security 6.55% Debentures Due 2028
Trading Symbol DE28
Security Exchange Name NYSE

Deere (NYSE:DE)
過去 株価チャート
から 6 2024 まで 7 2024 Deereのチャートをもっと見るにはこちらをクリック
Deere (NYSE:DE)
過去 株価チャート
から 7 2023 まで 7 2024 Deereのチャートをもっと見るにはこちらをクリック