Born to be wild?

May 9, 2006

Attracting directors at Harley Davidson (HDI) just got a bit easier, thanks to what appears to be a new policy disclosed in this 8-K filed on Friday. In addition to the $100K annual retainer and newly introduced 1,000 share units that are convertible into the company stock when the director either leaves the board or there is a change in control, the company now provides Harleys to directors and throws in a tax gross-up to cover the cost of the motorcycle.

Though it’s not clear from the filing whether the bike is just a loaner — the filing simply says "the use of a motorcycle…including some personal use" — there’s probably a long-line of people who would be willing to sit through some board meetings for this particular perk.

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