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H Partners Files Definitive Proxy and Sends Letter to Harley-Davidson Shareholders Highlighting Urgent Need to Hold Entrenched Directors Accountable

1. H Partners, a major shareholder, aims to disrupt board elections at HOG. 2. They hold 9.1% of HOG and are urging votes against current board members.

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FAQ

Why Bearish?

Activist shareholder actions typically induce uncertainty, affecting stock price negatively. Historical events show that proxy battles can drive prices down due to market fear of instability.

How important is it?

Given H Partners' significant shareholding and influence, their actions are likely to affect HOG's stock price. The movement of large shareholders can drive market sentiment and investor behavior.

Why Short Term?

The immediate influence of proxy battles can cause volatility in stock prices, but long-term effects depend on outcomes. Investors may react quickly to the news, impacting prices shortly.

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HOGGMFTSLA
NEW YORK--(BUSINESS WIRE)--H Partners Management, LLC (“H Partners” or “we”), one of the largest shareholders of Harley-Davidson, Inc. (NYSE: HOG) (“Harley-Davidson” or the “Company”), 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 “WITHHOLD” on the election of three long-tenured incumbe.

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