Form 8-K - Current report

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: November 1, 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

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:


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 5.02

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	Press Release dated November 1, 2024
104	Cover Page Interactive Data File (the cover page XBRL tags are imbedded in the Inline XBRL document)

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

Exhibit 99.1



News Release

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

PublicRelations@JohnDeere.com

###

Document and Entity Information	Nov. 01, 2024
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Nov. 01, 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