12:10 PM EDT, 04/29/2025 (MT Newswires) -- Harley-Davidson ( HOG ) said activist investor H Partners' proxy campaign for leadership changes at the motorcycle company is "disingenuous and harmful."
H Partners seeks shareholder support for directors and an unnamed candidate for chief executive officer, "none of whom will be voted on by the shareholders," Harley-Davidson ( HOG ) said Tuesday in a statement.
"The board is overseeing the execution of Harley-Davidson's ( HOG ) Hardwire strategic plan, which is delivering strong performance relative to industry peers, amid very challenging and volatile macroeconomic conditions," according to the statement.
Harley-Davidson ( HOG ) urged shareholders to vote for all company board nominees at the annual meeting on May 14.
H Partners, which owns about 9.1% of Harley-Davidson ( HOG ) shares, said Monday it filed a definitive proxy statement with the US Securities and Exchange Commission, urging investors to vote to reject the re-election of Chairman and CEO Jochen Zeitz, as well as directors Thomas Linebarger and Sara Levinson.
H Partners didn't immediately respond to a request for comment from MT Newswires.
Harley-Davidson ( HOG ) shares fell 1.7% in recent Tuesday trading.
Price: 23.06, Change: -0.39, Percent Change: -1.66