Deere & Company (DE) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on February 25, 2026, with shareholders voting on director elections, executive compensation, auditor ratification, and shareholder proposals.

• The company highlights its Smart Industrial Operating Model, recent technological innovations, and commitment to sustainable growth and operational excellence.

• Fiscal 2025 saw strong financial performance, with net sales of $45.7B, net income of $5.0B, and a 13% increase in share price.

• Shareholder engagement remains a priority, with outreach to holders representing over 40% of outstanding shares.

Voting matters and shareholder proposals

• Shareholders will vote on electing 10 director nominees, approving executive compensation (say-on-pay), ratifying Deloitte & Touche LLP as auditor, and three shareholder proposals.

• The board recommends voting against all shareholder proposals, which address emission reduction ROI, written consent rights, and faith-based business resource groups.

Board of directors and corporate governance

• The board consists of 10 nominees with diverse backgrounds in manufacturing, technology, agriculture, finance, and governance.

• Recent governance enhancements include refined board membership criteria, limits on outside board service, clarified compensation review, and continuing director education.

• All directors except the CEO are independent; the board is led by an independent Lead Director.

• Board committees oversee audit, compensation, governance, and finance, with regular rotation and independent membership.