{"id":842440,"date":"2025-04-28T07:03:01","date_gmt":"2025-04-28T11:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/h-partners-files-definitive-proxy-and-sends-letter-to-harley-davidson-shareholders-highlighting-urgent-need-to-hold-entrenched-directors-accountable\/"},"modified":"2025-04-28T07:03:01","modified_gmt":"2025-04-28T11:03:01","slug":"h-partners-files-definitive-proxy-and-sends-letter-to-harley-davidson-shareholders-highlighting-urgent-need-to-hold-entrenched-directors-accountable","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/h-partners-files-definitive-proxy-and-sends-letter-to-harley-davidson-shareholders-highlighting-urgent-need-to-hold-entrenched-directors-accountable\/","title":{"rendered":"H Partners Files Definitive Proxy and Sends Letter to Harley-Davidson Shareholders Highlighting Urgent Need to Hold Entrenched Directors Accountable"},"content":{"rendered":"

<\/p>\n

\nH Partners Files Definitive Proxy and Sends Letter to Harley-Davidson Shareholders Highlighting Urgent Need to Hold Entrenched Directors Accountable\n<\/p>\n

Details Track Record of Poor Performance, Weak Execution, and Flawed Governance Under CEO & Chairman Jochen Zeitz<\/span>, Presiding Director Thomas Linebarger<\/span>, and Long-Tenured Director Sara Levinson<\/span><\/i><\/b><\/p>\n

Highlights Urgent Need to Reconstitute the Board to Unlock Value for Shareholders and Return the Company to Greatness for the Benefit of All Valued Stakeholders, Including Riders and Dealers<\/i><\/b><\/p>\n

Urges Shareholders to Vote WITHHOLD<\/span> on the BLUE<\/span> Proxy Card to Unseat the Three Entrenched <\/i><\/b>Directors and Put the Company on the Path to Long-Term Success<\/i><\/b><\/p>\n

Visit <\/i><\/b>www.FreeTheEagle.com<\/i><\/b><\/a> for Further Information on H Partners\u2019 Campaign and How to Vote on the BLUE<\/span> Proxy Card<\/i><\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nH Partners Management, LLC (\u201cH Partners\u201d or \u201cwe\u201d), one of the largest shareholders of Harley-Davidson, Inc. (NYSE: HOG) (\u201cHarley-Davidson\u201d or the \u201cCompany\u201d), which beneficially owns approximately 9.1% of the outstanding shares of the Company, today announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with its campaign to urge shareholders to vote \u201cWITHHOLD<\/span><\/b>\u201d on the election of three long-tenured incumbent directors \u2013 CEO and Chairman Jochen Zeitz, Presiding Director Thomas Linebarger, and 29-year director Sara Levinson \u2013 at the Company\u2019s 2025 Annual Meeting of Shareholders (the \u201cAnnual Meeting\u201d) scheduled for May 14, 2025.\n<\/p>\n

\nAdditionally, H Partners sent a letter<\/a> to Harley-Davidson shareholders detailing the urgent need for leadership change at the Company based on its concerns in three key areas that it believes have led to the destruction of substantial shareholder value under the oversight of Mr. Zeitz, Mr. Linebarger, and Ms. Levinson:\n<\/p>\n

    \n
  1. Poor Performance<\/b>: Over every relevant timeframe since Mr. Zeitz was appointed CEO five years ago, Harley-Davidson\u2019s Total Shareholder Returns (\u201cTSR\u201d) have substantially underperformed relevant benchmarks. In addition, both Mr. Linebarger and Ms. Levinson have an alarming record of dramatic TSR underperformance throughout their 17 and 29 years on the Board, respectively.\n<\/li>\n
  2. Weak Execution<\/b>: H Partners believes that weak execution is to blame for the failure of Mr. Zeitz\u2019s Hardwire Strategic Plan, which has failed to deliver profitable growth or shareholder value, as evidenced by the decline in Operating Income and TSR underperformance.\n<\/li>\n
  3. Flawed Corporate Governance<\/b>: H Partners also believes that Harley-Davidson shareholders should be troubled by the Company\u2019s numerous shareholder-unfriendly corporate governance practices and the long-tenured directors\u2019 failure to provide effective oversight, which has enabled Mr. Zeitz to evade accountability while continuing to destroy shareholder value.\n<\/li>\n<\/ol>\n

    \nIn the letter, H Partners urges shareholders to help fix Harley-Davidson by sending a clear message to the Board that they are dissatisfied with the status quo and that a meaningful reconstitution of the Board \u2013 including the removal of the three entrenched and long-tenured directors \u2013 is required to unlock significant value for shareholders and to help return this iconic Company to greatness for the benefit of all stakeholders.\n<\/p>\n

    \nA copy of the letter sent to shareholders is available to download here<\/a>. To learn more about H Partners\u2019 campaign and how to vote \u201cWITHHOLD<\/span><\/b>\u201d on the election of Mr. Zeitz, Mr. Linebarger, and Ms. Levinson on the BLUE<\/span><\/b> proxy card, visit www.FreeTheEagle.com<\/a>.\n<\/p>\n

    IMPORTANT INFORMATION FOR SHAREHOLDERS<\/b><\/p>\n

    \nHarley-Davidson shareholders who have not yet received our proxy material and want to support H Partners\u2019 campaign today may vote \u201cWITHHOLD<\/span><\/b>\u201d on the Company\u2019s WHITE proxy card or voting instruction form. If shareholders have already voted using the Company’s WHITE Proxy Card or voting instruction form or had their vote taken over a recorded line on the telephone, a later-dated vote on either the Company\u2019s WHITE voting forms or our BLUE<\/span><\/b> proxy card or voting instruction form will revoke your previously cast vote. Only your latest dated vote counts<\/span>.\n<\/p>\n

    Additional Information<\/b><\/p>\n

    \nH Partners, together with the other participants in its proxy solicitation (collectively, \u201cthe Participants\u201d), has filed a definitive proxy statement and accompanying BLUE <\/b>universal proxy card with the Securities and Exchange Commission (\u201cSEC\u201d) to be used to solicit proxies in connection with the Annual Meeting. Shareholders are advised to read the proxy statement and any other documents related to the solicitation of shareholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the Participants. These materials and other materials filed by H Partners with the SEC in connection with the solicitation of proxies are available at no charge on the SEC\u2019s website at http:\/\/www.sec.gov<\/a>. The definitive proxy statement and other relevant documents filed by H Partners with the SEC are also available, without charge, by directing a request to the Participants\u2019 proxy solicitor, Saratoga Proxy Consulting, at its toll-free number (888) 368-0379 or via email at info@saratogaproxy.com<\/a>.\n<\/p>\n

    About H Partners Management<\/span><\/b><\/p>\n

    \nH Partners Management, LLC is an independent investment firm founded in 2005 based in New York City.\n<\/p>\n

    \"\"<\/p>\n

    View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250428975717\/en\/<\/a><\/span><\/p>\n

    \nFor Shareholders:\n<\/p>\n

    \nSaratoga Proxy Consulting LLC
    \n
    John Ferguson \/ Joseph Mills, 212-257-1311
    \n
    info@saratogaproxy.com<\/a><\/p>\n

    \nFor Media:\n<\/p>\n

    \nLongacre Square Partners LLC
    \n
    Greg Marose \/ Kate Sylvester, 646-386-0091
    \n
    HPartners@longacresquare.com<\/a><\/p>\n

    KEYWORDS:<\/b> United States North America New York<\/p>\n

    INDUSTRY KEYWORDS:<\/b> Finance Motorcycles Professional Services Automotive Asset Management<\/p>\n

    MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

    H Partners Files Definitive Proxy and Sends Letter to Harley-Davidson Shareholders Highlighting Urgent Need to Hold Entrenched Directors Accountable Details Track Record of Poor Performance, Weak Execution, and Flawed Governance Under CEO & Chairman Jochen Zeitz, Presiding Director Thomas Linebarger, and Long-Tenured Director Sara Levinson Highlights Urgent Need to Reconstitute the Board to Unlock Value for Shareholders and Return the Company to Greatness for the Benefit of All Valued Stakeholders, Including Riders and Dealers Urges Shareholders to Vote WITHHOLD on the BLUE Proxy Card to Unseat the Three Entrenched Directors and Put the Company on the Path to Long-Term Success Visit www.FreeTheEagle.com for Further Information on H Partners\u2019 Campaign and How to Vote on the BLUE Proxy Card NEW YORK–(BUSINESS … <\/p>\n

    Continue reading “H Partners Files Definitive Proxy and Sends Letter to Harley-Davidson Shareholders Highlighting Urgent Need to Hold Entrenched Directors Accountable”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-842440","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nH Partners Files Definitive Proxy and Sends Letter to Harley-Davidson Shareholders Highlighting Urgent Need to Hold Entrenched Directors Accountable - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/h-partners-files-definitive-proxy-and-sends-letter-to-harley-davidson-shareholders-highlighting-urgent-need-to-hold-entrenched-directors-accountable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"H Partners Files Definitive Proxy and Sends Letter to Harley-Davidson Shareholders Highlighting Urgent Need to Hold Entrenched Directors Accountable - 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