HOG - A Proxy Fight Is Exactly What Harley-Davidson Needs Right Now
Harley-Davidson (NYSE: HOG) has a narrow window of opportunity to change its direction, and it may be about to squander it.
After the resignation of CEO Matt Levatich last month and the announcement that the company was seeking a replacement, a private equity fund said it wanted to nominate two candidates to serve on the board of directors, which Harley said it would reject outright.
Because Harley's board is at least part of the problem, it suggests there may be a proxy fight at the motorcycle maker's annual shareholder meeting, a turn of events that could provide the shakeup the company desperately needs.