UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 23, 2020
POLARIS INC.
(Exact name of Registrant as specified in its charter)
Minnesota
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001-11411
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41-1790959
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(State of Incorporation)
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(Commission File Number) |
(I.R.S. Employer Identification No.) |
2100 Highway 55
Medina,
Minnesota 55340
(Address of principal executive offices)
(Zip Code)
(Registrant’s telephone number, including area code) (763) 542-0500
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
☐ Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol
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Name of each exchange on which registered
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Common Stock, $.01 par value per share
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PII
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule
12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On December 23, 2020, the Compensation Committee of the Board of Directors of Polaris Inc. (the “Company”) approved retention awards to
James P. Williams, Senior Vice President, Chief Human Resources Officer, and Kenneth J. Pucel, Executive Vice President, Global Operations, Engineering and Lean, providing for an award of restricted stock units to be granted in January that will
cliff vest on the second anniversary of the date of grant, subject to the executive remaining employed with the Company as of such date, absent earlier vesting upon a termination of employment (i) by the Company (other than for cause), (ii) in
connection with a change in control of the Company, or (iii) as the result of the RSU Grantee’s death or disability, or as otherwise set forth in the grant agreement. The number of restricted stock units will be calculated by dividing $1 million by
the closing stock price of Company common stock on the date of grant.
