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MILWAUKEE - Harley-Davidson, Inc. (NYSE: HOG) has announced the election of all nine director nominees at its 2025 Annual Meeting of Shareholders. The company also stated that the search for a new CEO is progressing, under the guidance of a search committee. According to InvestingPro data, the company maintains strong financial health with a current ratio of 1.56, indicating solid short-term liquidity as it navigates this leadership transition.
The election outcome was certified and confirmed the continued service of the company’s board members. Harley-Davidson’s Chairman, President, and CEO, Jochen Zeitz, expressed gratitude for the support of shareholders and stakeholders over the past six weeks, emphasizing the company’s commitment to its strategic plan aimed at long-term value creation for all stakeholders. The company has demonstrated this commitment through consistent shareholder returns, maintaining dividend payments for 33 consecutive years and actively pursuing share buybacks.
Zeitz remarked on the focus shift back to business following the conclusion of the campaign related to the Annual Meeting. The board looks forward to upholding strong corporate governance and engaging with stakeholders.
Harley-Davidson remains dedicated to implementing its ’Hardwire’ strategic plan, with the goal of securing its position as the most desirable motorcycle brand globally. The plan includes initiatives to innovate and evolve the brand, while also preserving its legacy and appeal. With a market capitalization of $3.07 billion and a P/E ratio of 9.14, InvestingPro analysis suggests the stock is currently trading near its Fair Value. Discover more insights and 10+ additional ProTips with an InvestingPro subscription.
The company, known for its iconic motorcycles and motorcycle culture, continues to expand its reach through Harley-Davidson Financial Services, offering financing and insurance programs to assist riders. Additionally, Harley-Davidson holds a controlling interest in LiveWire Group, Inc., representing its commitment to electric vehicle innovation and urban mobility. Despite revenue challenges, with analysts forecasting a decline in the current year, the company maintains strong profitability with a gross margin of 26.07% and positive earnings expectations for the year ahead.
The press release also contained forward-looking statements regarding the company’s expectations for future operations and financial performance, including shareholder value and the advancement of strategic plans. However, it noted that such statements are subject to risks and uncertainties that could cause actual results to differ.
This news is based on a press release statement issued by Harley-Davidson, which outlines the company’s focus on its business plans and the ongoing search for new leadership. Harley-Davidson’s stock is traded on the New York Stock Exchange under the ticker symbol HOG.
In other recent news, Harley-Davidson Inc. reported its financial results for the first quarter of 2025, surpassing analysts’ expectations with an earnings per share (EPS) of $1.07, compared to the forecasted $0.81. The company’s revenue reached $1.33 billion, exceeding the anticipated $1.11 billion. Despite a challenging retail environment, Harley-Davidson maintained strong margins, leading Citi analysts to adjust their stock price target from $23 to $24 while maintaining a Neutral rating. The company has withdrawn its 2025 financial guidance due to ongoing economic uncertainties, including potential tariff impacts.
Institutional Shareholder Services Inc. (ISS) has endorsed all of Harley-Davidson’s director nominees for the upcoming Annual Meeting, while the company has publicly disagreed with proxy advisory firms Glass Lewis and Egan-Jones, who recommended against its nominees. Harley-Davidson is urging shareholders to vote in favor of its nominees, emphasizing the importance of maintaining strategic direction and governance integrity. The company is currently engaged in a contentious proxy fight with H Partners, who have been critical of the company’s leadership.
Harley-Davidson continues to focus on its strategic execution and leadership transition amid macroeconomic challenges. The company remains committed to reducing dealer inventory and enhancing its product lineup, including the introduction of new entry-level models. Additionally, Harley-Davidson is evaluating its investment in LiveWire, its electric motorcycle segment, amid a slower-than-expected adoption of electric vehicles.
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