What is the main purpose of these bylaw amendments?

The main purpose is to implement additional procedural and disclosure requirements for stockholders who wish to nominate directors or submit other business proposals at company meetings, and to expand the methods for providing notice of meetings to stockholders.

What new information will stockholders need to provide if they want to nominate a director?

Stockholders will need to provide detailed biographical and share ownership information for both the nominee and themselves, describe any agreements related to the nomination, and include the nominee's consent to serve. They will also need to update this information if it changes before the meeting's record date.

How can Deere & Company now notify stockholders about meetings?

Deere & Company can now use electronic transmission to provide notice of meetings to stockholders, provided the stockholder has given their consent to receive notices in this manner and has not revoked that consent.

Are these changes effective immediately?

Yes, the amendments to the Bylaws were adopted by the Board of Directors on December 2, 2009, and were effective as of December 1, 2009.

DE 8-K: Corporate Changes

Summary

Deere & Company (DE) filed an 8-K on December 2, 2009, to announce amendments to its Bylaws, effective December 1, 2009. These changes primarily focus on enhancing the procedures and disclosure requirements for stockholder nominations of directors and other business proposals. Investors should note that the company is implementing more stringent information requirements for shareholders seeking to nominate directors or bring proposals before annual meetings, including detailed biographical and share ownership information, and descriptions of agreements related to such nominations or proposals. Additionally, the amendments expand the methods by which Deere & Company can provide notice of meetings to stockholders. Notably, the company can now use electronic transmissions for meeting notices, provided the stockholder has consented to this method. These bylaw changes aim to streamline corporate governance processes and ensure timely and relevant information is available for both the company and its shareholders, particularly in the context of upcoming stockholder meetings.

Key Highlights

1Deere & Company amended its Bylaws on December 2, 2009, with changes effective December 1, 2009.
2New procedures and enhanced disclosure requirements are in place for stockholder nominations of directors.
3Stockholders proposing director nominations must provide detailed biographical and share ownership information.
4Stockholders submitting other business proposals must also provide extensive biographical and ownership information.
5The company has expanded the permissible methods for providing notice of stockholder meetings, including electronic transmission with stockholder consent.
6These amendments aim to ensure information is accurate as of the record date for meetings.
7The filing was made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

DEERE & CO 8-K Report, Bylaw Amendment (Dec 2, 2009)

Summary

Key Highlights

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