Deere & Company filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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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. |
Election of Chief Financial Officer
On April 28, 2026, the board of directors of Deere & Company (the “Company”) elected T. Brent Norwood, 44, as its Senior Vice President and Chief Financial Officer (principal financial officer and principal accounting officer), effective May 1, 2026. Mr. Norwood replaces Ryan D. Campbell, who was acting Chief Financial Officer and will continue as President, Worldwide Construction & Forestry and Power Systems for the Company.
Mr. Norwood has served as the Company’s Vice President & Finance Director, Construction & Forestry and Power Systems since October 2023. Prior to this role, he served as Director, Investor Relations from 2022 to 2023, and Manager, Investor Communications from 2018 to 2022. Mr. Norwood joined the Company on a full-time basis in 2013 as a Program Manager. He has held various positions of increasing responsibility with the Company, in global marketing operations and corporate business development. Prior to joining the Company, Mr. Norwood worked as an equity research analyst with Credit Suisse, a portfolio analysis with Highland Capital Management, and an associate at THL Credit (Thomas H. Lee Partners).
In connection with his appointment, Mr. Norwood will receive an annualized salary of $925,000. Mr. Norwood will continue to participate in the Company’s short-term incentive plan, with a target award of 100% of his base salary.
On May 1, 2026, Mr. Norwood will also receive a one-time award of 8,809 performance-based restricted stock units (PSUs) under the John Deere 2020 Equity and Incentive Plan, to be earned contingent on the achievement of performance goals, and time-based vesting through October 27, 2030. A description of the terms of the one-time award of PSUs is included in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 16, 2026, which description is incorporated herein by reference.
Other benefits available to named executive officers are described in the Company’s proxy statement filed with the Securities and Exchange Commission on January 14, 2026, which descriptions are incorporated herein by reference.
There are no family relationships between Mr. Norwood and the Company or any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. The Company is not aware of any related party transactions or relationships between Mr. Norwood 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 May 1, 2026, the Company issued a press release relating to the election described above, which press release is attached hereto and incorporated herein by reference as Exhibit 99.1.
The information disclosed in this Item 7.01 and Exhibit 99.1 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 | |
104 | Cover Page Interactive Data File (the cover page XBRL tags are imbedded in the Inline XBRL document) |
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Signatures
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 | ||
Dated: May 1, 2026 | By: | /s/ Kellye L. Walker |
Kellye L. Walker | ||
Corporate Secretary | ||
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