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Harley-Davidson: 'Rigorous search process' for next CEO ‘continues at pace'

Harley-Davidson: 'Rigorous search process' for next CEO ‘continues at pace'

Harley-Davidson (HOG) issued the following statement in connection with the release of the certified voting results of its 2025 Annual Meeting of Shareholders confirming that all nine of Harley-Davidson's Director nominees were elected at the Annual Meeting. Additionally, the Harley-Davidson Board of Directors confirmed that the rigorous search process for Harley-Davidson's next CEO continues at pace, led by the search committee. Harley-Davidson Chairman, President, and CEO Jochen Zeitz said, 'We are grateful to our shareholders and stakeholders for their dialogue and support over the past six weeks. Harley-Davidson remains fully committed to executing the clear plan we have defined, which is designed to drive long-term value for all stakeholders. Putting the recent campaign behind us, we are moving forward and returning our full focus to the business. On behalf of the Board of Directors, we look forward to continuing our commitment to good corporate governance and engagement with all stakeholders.'
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Is PepsiCo Still a Refreshing Buy?
Is PepsiCo Still a Refreshing Buy?

Yahoo

time19 hours ago

  • Yahoo

Is PepsiCo Still a Refreshing Buy?

Sales growth has been anemic. The board of directors recently increased the dividend by 5%. The share price drop has created a better valuation. 10 stocks we like better than PepsiCo › PepsiCo (NASDAQ: PEP) has become a household name. In fact, it's likely you have at least one of the company's products in your home right now. However, investors need to consider more than the ubiquity of a company's product before purchasing the stock. You should analyze a company's prospects before committing to an investment. It's particularly imperative when the shares have dropped by quite a bit. In the case of PepsiCo, the stock has fallen about 23% over the last year through June 3. It's time to take a closer look at PepsiCo to see if the market has overreacted to short-term concerns or whether the drop is foretelling long-term issues. PepsiCo sells its beverages and food items under brands like Pepsi, Gatorade, and Quaker. However, even this large consumer staples company isn't immune from larger economic forces. First-quarter revenue only grew about 1% compared to a year ago. Price increases contributed 3 percentage points but lower volume subtracted 2 percentage points. The company adjusted these figures to exclude foreign-currency translation effects and the impact of acquisitions and divestitures. On an adjusted basis, operating profitability dropped 1%. Certainly, those numbers aren't very encouraging, and volume has been weak for some time. Investors would like to see higher volume driving faster revenue growth. However, it's important to remember that consumers have been weary from persistently high inflation that has squeezed their wallets, and tariffs add another level of uncertainty. Management noted the economic challenges when projecting a low-single-digit percentage increase in revenue this year and flat earnings per share compared to 2024. However, these short-term global economic factors don't change my optimistic view about PepsiCo's long-term prospects given its powerful brands. At some point, prices will stabilize and people will return to their more normal purchasing habits. When they do, it's hard to imagine they won't reach for a bottle of soda or chips sold under PepsiCo's umbrella. If you like dividends, PepsiCo fits the bill. In fact, the company has built quite a track record. The board of directors raised the company's quarterly dividend by 5%, starting in June. The new quarterly rate is $1.4225, or $5.69 annually. It's also a strong indication of management's and the board's confidence in PepsiCo's future. Impressively, that marked 53 consecutive years with a dividend increase. That makes PepsiCo a Dividend King, which is a group of companies that have raised payouts for at least 50 years. At the new annual dividend rate, the stock has a 4.3% dividend yield. That's much higher than the S&P 500 index's 1.3%. 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Empress Grants Stock Options and Equity Incentives
Empress Grants Stock Options and Equity Incentives

Associated Press

time21 hours ago

  • Associated Press

Empress Grants Stock Options and Equity Incentives

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Penn Entertainment responds to ISS report
Penn Entertainment responds to ISS report

Business Insider

timea day ago

  • Business Insider

Penn Entertainment responds to ISS report

Penn Entertainment (PENN) made the following statement in response to the report issued by Institutional Shareholder Services related to the company's 2025 annual meeting of shareholders on June 17: 'The ISS report confirms that two director seats are up for election at the 2025 Annual Meeting and that PENN and HG Vora have nominated and are recommending the same two highly-qualified candidates – Johnny Hartnett and Carlos Ruisanchez. ISS recognizes the open-mindedness with which PENN evaluated HG Vora's director candidates, noting: 'To its credit, the board appears to have given serious consideration to all three dissident nominees, and was open to accepting two of these nominees as its own.' PENN encourages all shareholders to vote for Messrs. Hartnett and Ruisanchez for election and looks forward to welcoming them to the Board. Following the Annual Meeting, 75% of PENN's directors will have joined the Board since 2019. In reaching its conclusions however, the ISS report fails to reflect a realistic view of William Clifford's candidacy. We remind shareholders that, during his time as PENN's CFO, Mr. Clifford advocated against key initiatives that were critical to succeeding in a competitive market. Following Mr. Clifford's departure in 2013 as PENN's CFO, these changes were implemented under the publicly announced P30 program and resulted in meaningful margin improvement. Further, during his interviews with PENN's Nominating and Corporate Governance Committee, Mr. Clifford demonstrated antiquated views of a rapidly changing industry, and the same posture of resistance to exploring value-generating solutions, which we believe would hinder constructive decision-making. PENN attempted multiple resolutions with HG Vora, but all of our resolution attempts were rejected. Given HG Vora's violation of its institutional waivers by multiple state gaming regulators, our ability to allow HG Vora to influence the governance of the Company beyond the evaluation of the nominees was expressly prohibited. We appreciate the feedback and advice we have received from our shareholders in advance of this year's Annual Meeting. We want to assure shareholders that we understand and share their focus on ensuring that PENN's Board of Directors is optimally comprised to oversee the Company's execution on a strategic plan to drive shareholder value. The Board and management team remain committed to creating value for all shareholders and will continue to take actions in support of that objective.'

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