Harley-Davidson (HOG) activist investor H Partners said Monday it has filed a definitive proxy statement with the US Securities and Exchange Commission, urging shareholders to vote to reject the re-election of Chairman and CEO Jochen Zeitz, as well as directors Thomas Linebarger and Sara Levinson, at the company's annual meeting.
H Partners beneficially owns approximately 9.1% of the outstanding shares of the company, according to a statement. The investment firm said it also sent a letter to shareholders detailing the urgent need for leadership change at the company.
Harley-Davidson didn't reply immediately to MT Newswires request for comment.
In a recent statement to MT Newswires, Harley-Davidson said H Partners is prioritizing its own interests over those of other shareholders by targeting board members after the firm's preferred CEO candidate failed to receive majority support from the board's independent directors.
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