Summary
This 8-K filing from Deere & Company, dated April 4, 2016, primarily announces a change in the company's disclosure practices. Deere intends to begin reporting monthly retail sales data to provide investors with more timely updates on sales performance across its key segments, including farm machinery, turf & utility equipment, and construction equipment. This new disclosure will be made available on the company's investor relations website following the monthly announcement of industry sales data by the Association of Equipment Manufacturers (AEM).
Key Highlights
- 1Deere & Company to begin reporting monthly retail sales figures.
- 2New disclosures will cover farm machinery, turf & utility equipment, and construction equipment.
- 3Retail sales reports will be published on Deere's website (www.JohnDeere.com/retailsales).
- 4Timing of Deere's reports will align with the Association of Equipment Manufacturers (AEM) monthly industry sales announcements.
- 5This initiative aims to provide investors with more current sales performance information.
- 6The company may also post other development information on its website periodically.