On January 10, 2024, Deere & Company announced that it has received a shareholder proposal from John Chevedden requesting Board seek shareholder approval of any senior manager?s new or renewed pay package that provides for severance or termination payments with an estimated value exceeding 2.99 times the sum of the executive?s base salary plus target short-term bonus. In addition, the board has recommended a vote against this proposal at the 2024 Annual Meeting of Shareholders to be held on February 28, 2024.