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Economy

Shareholders Meet to Learn What's Next for Deere & Co.

A man leaves the John Deere World Headquarters after the annual meeting.
Michelle O'Neill
/
WVIK News
file

Hundreds of people who own John Deere stock will come to the Quad Cities tomorrow. Michelle O'Neill reports the company's annual meeting will be held at World Headquarters in Moline.

Shareholders will elect twelve directors, including the newest one, Alan Heuberger. He's Senior Manager at BMGI, a consulting firm specializing in strategic problem-solving. Shareholders will also vote on other routine items such as Deere and Company's accounting firm and executive compensation.

One stockholder proposal will be on the ballot called, "Right to Act by Written Consent." If approved, it would allow ten percent of Deere shareholders to call for a vote on issues without having to wait for the next annual meeting. Deere opposes the proposal, saying shareholders already have ways to bring issues to the attention of company executives. And it could allow a small group of shareholders to "act in favor of their own proposed actions."

By the way, over the past couple of years, Deere has announced layoffs the day after annual meetings and earnings reports.

Deere 2017 Proxy Statement by Lacy Scarmana on Scribd

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.