Harley-Davidson Responds to H Partners' Claims About Governance

Harley-Davidson's Commitment to Shareholder Value

Harley-Davidson, Inc. (NYSE: HOG) stands firm in its commitment to relentlessly pursue the best interests of all its shareholders. The company has recently released critical information regarding H Partners' campaign, which they believe undermines good corporate governance and harms shareholder interests. Through presentations outlining their strategic execution, Harley-Davidson showcases the strength of its Board of Directors and the impressive results from their Hardwire strategic plan.

The Hardwire Strategic Plan's Success

The Hardwire strategic plan is pivotal for Harley-Davidson as it encapsulates the vision to strengthen the company's legacy while navigating through challenging economic landscapes. Notable successes include ongoing rigorous oversight of management execution, which has led to improvements in shareholder value that surpass many peers in the industry.

Board of Directors' Oversight

Harley-Davidson's Board is dedicated to maintaining accountability and transparency in steering the company towards success. The governance practices include a comprehensive CEO search process and revitalization efforts for the board itself, underscoring a commitment to strong leadership and robust oversight.

Addressing H Partners' Missteps

In stark contrast, H Partners has apparently shifted its focus from constructive collaboration to a disruptive campaign. Over the past three years, H Partners was an integral part of the board and previously supported the existing strategy. However, their recent actions question their commitment to shareholder interests and engagement.

Harley-Davidson's Performance Amidst Challenges

Against the backdrop of fluctuating market conditions, Harley-Davidson has showcased its resilience and ability to outperform competitors. Key metrics exhibit a strong operating margin, superior free cash flow as a percentage of EBITDA, and impressive total shareholder returns. These initiatives have allowed the firm to achieve substantial reductions in share count while increasing dividends—demonstrating a solid return on investment for shareholders.

Shareholder Protection Measures

To safeguard shareholder interests, Harley-Davidson urges all investors to cast their votes in favor of the current board nominees using the WHITE Proxy Card. This ensures that directors who are aligned with positive governance and strategic objectives remain in charge.

Importance of Collaborating for the Future

Harley-Davidson acknowledges H Partners' earlier contributions but emphasizes the need for unified direction and support for constructive changes driven by the current Board. Their recent behavior diverges from shared goals and compromises the fruitful engagement that improves company operations and shareholder welfare.

Potential Impacts of H Partners' Campaign

The ongoing push from H Partners could disrupt the positive trajectory that Harley-Davidson is on. They advocate for the appointment of unnamed individuals potentially without shareholder votes, which raises significant concerns about governance. This approach directly contradicts principles that uphold shareholders' rights to select their representatives and influences the company's governance structure negatively.

Values Underpinning Harley-Davidson's Strategy

Throughout its impressive history, Harley-Davidson has championed values steeped in innovation and adventure. This brand identity drives their mission to create high-quality products that resonate with passionate riders. The commitment to maintaining market leadership in both traditional motorcycles and the emerging electric vehicle segment reflects a forward-thinking approach to business.

Conclusion and Call to Action

As Harley-Davidson prepares for its upcoming shareholder meeting, the company is eager for all shareholders to acknowledge the genuine oversight and governance put in place to foster an exciting future. They wholeheartedly invite shareholders to embrace their role in safeguarding Harley-Davidson’s legacy by voting for all recommended board members and fostering a constructive path forward.

Frequently Asked Questions

What is the focus of Harley-Davidson's Hardwire strategic plan?

The Hardwire strategic plan aims to strengthen the company's legacy, enhance shareholder value, and respond effectively to market challenges.

What is Harley-Davidson’s response to H Partners' claims?

Harley-Davidson challenges H Partners' claims as harmful to corporate governance and urges shareholders to vote for their qualified nominees.

How has Harley-Davidson performed financially?

Harley-Davidson has reported strong operating margins, free cash flows exceeding industry medians, and improved shareholder return metrics.

Why is voting using the WHITE Proxy Card important?

Voting using the WHITE Proxy Card supports Harley-Davidson's governance structure and the current board, which is essential for maintaining effective oversight.

What should shareholders know about the upcoming meeting?

Shareholders are encouraged to participate in the vote, as it directly impacts the future governance and leadership of Harley-Davidson.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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