Deere & Co. Files Definitive Proxy Statement (DEF 14A)

Ticker: DE · Form: DEF 14A · Filed: Jan 10, 2024 · CIK: 315189

Deere & CO DEF 14A Filing Summary
FieldDetail
CompanyDeere & CO (DE)
Form TypeDEF 14A
Filed DateJan 10, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$5.0 million, $10.0 million, $61.25 billion, $52.58 billion, $361.15
Sentimentneutral

Complexity: moderate

Sentiment: neutral

Topics: Deere & Co, DEF 14A, Proxy Statement, Executive Compensation, Shareholder Meeting

TL;DR

<b>Deere & Co. has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending October 29, 2023, detailing executive compensation.</b>

AI Summary

DEERE & CO (DE) filed a Proxy Statement (DEF 14A) with the SEC on January 10, 2024. Deere & Co. filed a Definitive Proxy Statement (DEF 14A) on January 10, 2024. The filing covers the fiscal year ending October 29, 2023. The company's principal executive offices are located at One John Deere Place, Moline, IL 61265-8098. The filing includes data related to executive compensation adjustments for PEO and Non-PEO members. Specific adjustments are detailed for stock awards, option awards, pension values, and equity values.

Why It Matters

For investors and stakeholders tracking DEERE & CO, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and potential impacts on company performance and governance. Shareholders will use this information to make informed voting decisions on executive compensation and other corporate matters at the upcoming meeting.

Risk Assessment

Risk Level: low — DEERE & CO shows low risk based on this filing. The filing is a standard DEF 14A, which is routine for public companies and does not contain new material financial information or significant operational changes.

Analyst Insight

Shareholders should review the executive compensation details to assess alignment with company performance and vote accordingly on relevant proposals.

Key Numbers

Key Players & Entities

FAQ

When did DEERE & CO file this DEF 14A?

DEERE & CO filed this Proxy Statement (DEF 14A) with the SEC on January 10, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by DEERE & CO (DE).

Where can I read the original DEF 14A filing from DEERE & CO?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by DEERE & CO.

What are the key takeaways from DEERE & CO's DEF 14A?

DEERE & CO filed this DEF 14A on January 10, 2024. Key takeaways: Deere & Co. filed a Definitive Proxy Statement (DEF 14A) on January 10, 2024.. The filing covers the fiscal year ending October 29, 2023.. The company's principal executive offices are located at One John Deere Place, Moline, IL 61265-8098..

Is DEERE & CO a risky investment based on this filing?

Based on this DEF 14A, DEERE & CO presents a relatively low-risk profile. The filing is a standard DEF 14A, which is routine for public companies and does not contain new material financial information or significant operational changes.

What should investors do after reading DEERE & CO's DEF 14A?

Shareholders should review the executive compensation details to assess alignment with company performance and vote accordingly on relevant proposals. The overall sentiment from this filing is neutral.

How does DEERE & CO compare to its industry peers?

Deere & Company operates in the farm machinery and equipment industry, a sector critical to global agriculture and food production.

Are there regulatory concerns for DEERE & CO?

As a publicly traded company, Deere & Co. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

Industry Context

Deere & Company operates in the farm machinery and equipment industry, a sector critical to global agriculture and food production.

Regulatory Implications

As a publicly traded company, Deere & Co. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

What Investors Should Do

  1. Review the executive compensation tables for PEO and Non-PEO members.
  2. Analyze the adjustments made to stock awards, option awards, and equity values.
  3. Understand the pension value and service cost adjustments for key executives.

Key Dates

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard disclosure document for public companies and does not represent a change from previous filings in terms of document type or purpose.

Filing Stats: 4,458 words · 18 min read · ~15 pages · Grade level 12.5 · Accepted 2024-01-10 09:36:55

Key Financial Figures

Filing Documents

Forward-Looking Statements

Forward-Looking Statements 12

Executive Compensation Highlights

Executive Compensation Highlights 6 Website References 12 Proposal 01 - Election of Directors Compensation of Directors 22 Sustainability and Human Capital 32 Corporate Governance 24

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 35 Board Oversight of Risk Management 29 Review and Approval of Related Person Transactions 37 Proposal 02 - Advisory Vote on Executive Compensation Compensation Discussion and Analysis 40 Risk Assessment of Compensation Policies and Practices 67

Executive Compensation Table of Contents

Executive Compensation Table of Contents 41 Compensation Committee Report 68 2023 Compensation Overview 44

Executive Compensation Tables

Executive Compensation Tables 69 Direct Compensation Elements 49 Pay Ratio Disclosure 81 Indirect Compensation Elements 62 Pay Versus Performance Disclosure 82 Compensation Methodology and Process 64 Equity Compensation Plan Information 86 Proposal 03 - Ratification of INDePendent Registered Public Accounting Firm Audit Review Committee Report 90 Other Matters for Vote Proposal 04 - Shareholder Proposal Regarding a Customer and Company Sustainability Congruency Report 93 Proposal 06 - Shareholder Proposal Regarding Shareholder Ratification of Golden Parachutes 99 Proposal 05 - Shareholder Proposal Regarding a Civil Rights, Non-Discrimination, and Return to Merit Audit 96 Additional Information Voting and Meeting Information 102 Other Matters 106 Annual Report 105 2025 Shareholder Proposals and Nominations 106 Electronic Delivery of Deeres Proxy Solicitation Materials 105 Cost of Solicitation 107 Householding Information 106 APPENDICES Appendix A - Director Independence Categorical Standards of Deere & Company Corporate Governance Policies 108 Appendix B - Deere & Company Non-GAAP and Key Performance Measures 110 2024 PROXY STATEMENT 1 Table of Contents PROXY SUMMARY PROPOSAL 1: ELECTION OF DIRECTORS PROPOSAL 2: ADVISORY VOTE ON EXECUTIVE COMPENSATION PROPOSAL 3: RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OTHER MATTERS FOR VOTE ADDITIONAL INFORMATION APPENDICES Proxy summary This summary highlights selected information contained in this Proxy Statement, but it does not contain all the information you should consider. We urge you to read the whole Proxy Statement before you vote. You should also review Deere's Annual Report on Form 10-K for the fiscal year ended October 29, 2023. Deere uses a 52/53 week fiscal year ending on the last Sunday in the reporting period. Deere's 2023, 2022, and 2021 fiscal years ended on October 29, 2023, October 3

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