Business Context and Reporting Period
This Form 8-K Current Report is filed by Deere & Company on April 28, 2026. The report discloses a significant corporate governance event: the election of a new Chief Financial Officer (CFO) by the Board of Directors, effective May 1, 2026.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and appointment details.
- Annualized Salary for New CFO: $925,000
- Short-Term Incentive Target: 100% of base salary
- One-Time Equity Award: 8,809 performance-based restricted stock units (PSUs)
- Equity Vesting Period: Through October 27, 2030
Material Changes
The primary material change reported is the leadership transition in the finance function:
- Appointment: T. Brent Norwood (44) elected as Senior Vice President and Chief Financial Officer.
- Departure: Ryan D. Campbell steps down as acting CFO but remains as President, Worldwide Construction & Forestry and Power Systems.
- Effective Date: May 1, 2026.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. It references a press release (Exhibit 99.1) for further details on the appointment but explicitly states that 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 into other filings unless specifically stated.
Investor Verification Checklist
- Verify the terms of the 8,809 PSUs awarded to Mr. Norwood by reviewing the Form 8-K filed on March 16, 2026, as referenced in the text.
- Review the Company's proxy statement filed on January 14, 2026, for details on other benefits available to named executive officers.
- Confirm the transition timeline for Ryan D. Campbell's new role as President of Worldwide Construction & Forestry and Power Systems.
- Note that this filing does not provide updated financial results; investors should refer to the most recent 10-K or 10-Q for financial metrics.