Summary
This 8-K filing from Deere & Company reports the results of its annual stockholders' meeting held on February 22, 2017. The primary focus for investors is the voting outcomes on key corporate governance matters. Notably, all director nominees were overwhelmingly elected, and the advisory vote on executive compensation received strong approval. The company also ratified Deloitte & Touche LLP as its independent auditor for the upcoming fiscal year.
Key Highlights
- 1All director nominees were re-elected with a substantial majority of shares voted in favor.
- 2Stockholders approved, on an advisory basis, the company's executive compensation, indicating general satisfaction with pay practices.
- 3Deere & Company will continue to hold an annual advisory vote on executive compensation ('say-on-pay') based on the majority shareholder preference.
- 4Deloitte & Touche LLP was ratified as the independent registered public accounting firm for fiscal year 2017.
- 5A stockholder proposal seeking the right to act by written consent (proxy access) did not pass.