Polaris Announces
Profit-Sharing for 28th Consecutive Year
Minneapolis, MN (3/5/2010)
- Polaris Industries Inc. (NYSE: PII)
announced today it is continuing a 28 year annual
tradition of profit-sharing with its employees.
The Company will distribute today nearly $10
million of its profits from the 2009 calendar
year among approximately 2,200 hourly and non-salaried
Polaris employees. On average, each of these
employees will receive nearly 15 percent of
their annual pay base. In addition, Polaris
will distribute profit-sharing payments to each
of its fulltime salaried employees today as
well.
"Profit-sharing is something that is
very important and fundamental to the culture
at Polaris, especially as we continue to outperform
the industry," said Scott Wine, Chief
Executive Officer. "We understand that
Polaris' success is built on a foundation
of dedication, innovation, and hard work from
our employees. To acknowledge and reward that
extra effort is something we are proud to
continue."
Polaris began sharing its profits with employees
in 1982, embracing the idea that the Company's
success is dependent on dedication and tireless
work from its employees, and therefore, each
employee was entitled to benefit from that
success. Since its inception, Polaris's profit-sharing
program has shared cumulatively over $200
million with its hourly and non-salaried employees.
About
Polaris
With annual 2009
sales of $1.6 billion, Polaris designs, engineers,
manufactures and markets off-road vehicles (ORVs),
including all-terrain vehicles (ATVs) and the
Polaris RANGER(r), snowmobiles and Victory Motorcycles(r)
for recreational and utility use. Polaris is
a recognized leader in the snowmobile industry,
and one of the largest manufacturers of ORVs
in the world. Victory Motorcycles, established
in 1998 and representing the first all-new American-made
motorcycle from a major company in nearly 60
years, are rapidly making impressive in-roads
into the cruiser and touring motorcycle marketplace.
Polaris also enhances the riding experience
with a complete line of Pure Polaris(r) apparel,
accessories and parts, available at Polaris
dealerships.
Polaris Industries
Inc. trades on the New York Stock Exchange under
the symbol "PII," and the Company
is included in the S&P Small-Cap 600 stock
price index.
Information
about the complete line of Polaris products,
apparel and vehicle accessories, is available
from authorized Polaris dealers or anytime from
the Polaris homepage at www.polarisindustries.com.
www.polarisindustries.com
2100 Highway 55
Medina, MN 55340
(763) 417-8650
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