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Deere Annual Meeting Set for Wednesday

Screenshot of Deere and Company Chairman and CEO John May giving a keynote speech at CES in January
Consumer Technology Association, https://www.ces.tech/
Screenshot of Deere and Company Chairman and CEO John May giving a keynote speech at CES in January

Tomorrow morning, John Deere will hold its annual shareholders meeting online.

It's the third year in a row it'll be held virtually, rather than at World Headquarters in Moline.

Screenshot of a page from the Deere & Co. 2023 proxy statement (https://investor.deere.com/home/default.aspx)
Deere & Company
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Deere & Company
Screenshot of a page from the Deere & Co. 2023 proxy statement (https://investor.deere.com/home/default.aspx)

Shareholders are likely to hear Chairman and CEO, John May, discuss Deere as one of the world's leading companies in robotics and artificial intelligence. He made that point in his keynote speech at the Consumer Electronics Show earlier this year.

"Our solutions leverage technology, like computer vision, advanced sensing and compute, machine learning, and data analytics to enable Farmers to do so much with limited resources they have. And the technology and innovation that John Deere will bring to the market over the balance of this decade will rival the transformation that took place when John Deere first began making tractors more than 100 years."

May also highlighted Deere's goal of helping customers do more with less to provide the world with food, fuel, and infrastructure.

"Technology is the key to driving sustainability on the farm and construction strike sites and empowering our customers to be more efficient and profitable in the face of significant challenges."

Tomorrow's annual meeting agenda includes mostly routine items, such as electing eleven board members and approving executive compensation.

One shareholder proposal may come up for a vote. It's aimed at limiting termination pay plus bonuses for senior managers.

Screenshot of a page from Deere's annual report for 2023 showing its board of directors
Deere & Company
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Deere & Company
Screenshot of a page from Deere's annual report for 2023 showing its board of directors

Officially, Michelle's title for 28 years was WVIK News Editor. She did everything there is to do in the newsroom and whatever was needed around the radio station. She also served as Acting News Director from September 2023 - January 2024.
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