0000315189falseDEERE & CO0000315189us-gaap:CommonStockMember2024-11-012024-11-010000315189de:Debentures6.55PercentDue2028Member2024-11-012024-11-0100003151892024-11-012024-11-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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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)

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Delaware

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1-4121

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36-2382580

(State or other jurisdiction of incorporation)

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(Commission File Number)

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(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)

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(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

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Trading symbol

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Name of each exchange on which registered

Common stock, $1 par value

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DE

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New York Stock Exchange

6.55% Debentures Due 2028

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DE28

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New York Stock Exchange

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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. ☐

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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.

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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.

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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.

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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.

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Item 9.01Financial Statements and Exhibits.

(d)Exhibits

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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)

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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.

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DEERE & COMPANY

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By:

/s/ Edward R. Berk

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Edward R. Berk

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Secretary

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Dated: November 1, 2024

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3

Exhibit 99.1

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News Release

Graphic

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PACCAR CEO R. Preston Feight Appointed to Deere Board of Directors

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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.

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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.

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“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.”

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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.

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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.

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With Feight’s appointment, the size of Deere’s board has increased to 12 members, 11 of whom are independent, or non-employee, directors.

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About Deere & Company

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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

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food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial.

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For more information on Deere & Company, visit us at www.deere.com/en/news/.

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Contact:

Jen Hartmann

Director, Public Relations

PublicRelations@JohnDeere.com

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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
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Soliciting Material false
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Pre-commencement Issuer Tender Offer false
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Entity Central Index Key 0000315189
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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
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