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Two Leading Independent Proxy Advisory Firms Recommend Harley-Davidson Shareholders Vote “Withhold” to Unseat Three Entrenched Directors

1. H Partners Management supports 'WITHHOLD' vote against Harley-Davidson's executive. 2. Proxy firms recommend action impacting 9.3% of shares owned by H Partners.

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FAQ

Why Bearish?

The recommendation to 'WITHHOLD' could signal dissatisfaction with management, leading to shareholder uncertainty. Historical examples show that similar proxy votes often result in negative market sentiment.

How important is it?

The article discusses significant shareholder actions that can impact stock price and investor confidence in Harley-Davidson's governance.

Why Short Term?

Immediate market reactions to proxy recommendations typically manifest quickly, influencing contemporaneous investor decisions, e.g., past negative proxy actions have resulted in short-lived stock price declines.

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HOGH Partners
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”, “Harley” or the “Company”), which beneficially owns approximately 9.3% of the outstanding shares of the Company, today announced that two independent proxy advisory firms – Glass, Lewis & Co. (“Glass Lewis”) and Egan-Jones Ratings Company (“Egan-Jones”) – have recommended that Harley-Davidson shareholders vote “WITHHOLD” on lo.

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