What is the primary reason for this 8-K filing?

The primary reason for this 8-K filing is to announce that Deere & Company stockholders approved a two-for-one stock split, which will be executed as a 100% stock dividend. This also involved increasing the authorized number of common shares.

When will the stock split take effect for shareholders?

The stock dividend, representing the two-for-one stock split, will be distributed on Monday, December 3, 2007. Shareholders of record as of the close of business on Monday, November 26, 2007, will receive the additional shares.

How will the stock split impact my existing shares?

If you hold Deere & Company stock as of the record date (November 26, 2007), you will receive one additional share for every share you currently own. This effectively doubles your share count, with the price per share expected to adjust accordingly.

What is the significance of increasing the authorized shares?

Increasing the authorized shares to 1.2 billion is necessary to allow for the issuance of the additional shares required by the two-for-one stock split. This ensures the company has enough authorized shares available for future corporate actions.

DE 8-K SEC Disclosure — Nov 14, 2007

Summary

Deere & Company (DE) announced on November 14, 2007, that its stockholders approved a two-for-one stock split, structured as a 100% stock dividend. This action will increase the authorized number of common shares to 1.2 billion, facilitating the split. The stock dividend is scheduled to be distributed on December 3, 2007, for shareholders of record as of November 26, 2007. This move is generally viewed as a positive signal from management, often indicating confidence in future growth and a desire to make the stock more accessible to a broader range of investors by lowering the per-share price.

Key Highlights

1Deere & Company stockholders approved a two-for-one stock split.
2The stock split is being implemented as a 100% stock dividend.
3The company's authorized common shares will increase to 1.2 billion to accommodate the split.
4The stock dividend will be distributed on December 3, 2007.
5The record date for the stock dividend is November 26, 2007.
6The Bank of New York Mellon Corporation is the designated transfer agent for the stock dividend distribution.

DEERE & CO 8-K Report, Corporate Update (Nov 14, 2007)

Summary

Key Highlights

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