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Polaris Industries Inc (PII)

PII on New York Consolidated

83.99USD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

U.S. CPSC says Polaris recalls Sportsman 850, 1000 ATVs due to burn and fire hazards
Tuesday, 21 Mar 2017 12:17pm EDT 

U.S. Consumer Product Safety Commission : Polaris recalls Sportsman 850 and 1000 All-Terrain Vehicles due to burn and fire hazards . Recall involves all model year 2015 and 2016 Polaris Sportsman 850 and 1000 model All-Terrain Vehicles . Polaris has received at least 793 incidents, including reports of warped, melted or burned side panels, 47 fires, four minor burn injuries .Recall involves 19,200 Polaris ATVs.  Full Article

Polaris Industries CEO Scott Wine's FY 2016 total compensation $5.46 Mln
Friday, 10 Mar 2017 10:38am EST 

Polaris Industries Inc :CEO Scott Wine's fy 2016 total compensation $5.46 million versus $7.11 million in fy 2015 - sec filing.  Full Article

U.S. CPSC says Polaris recalls about 13,500 RZR and general recreational off-highway vehicles
Thursday, 2 Mar 2017 11:48am EST 

U.S. Consumer Product Safety Commission : U.S. Consumer Product Safety Commission - polaris recalls about 13,500 rzr and general recreational off-highway vehicles due to burn and fire hazards . Polaris received 14 reports of vehicles catching fire related to brake master cylinder, 1 report of fire, 2 reports of melting vehicle components Further company coverage: [PII.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

State Street Corp reports a 6.81 pct passive stake in Polaris Industries
Wednesday, 8 Feb 2017 04:36pm EST 

Polaris Industries Inc :State Street Corp reports a 6.81 percent passive stake in polaris industries inc as of Dec. 31, 2016.  Full Article

Polaris to cease manufacturing of Victory motorcycles, effective immediately
Monday, 9 Jan 2017 09:41am EST 

Polaris Industries Inc : Polaris Industries to wind down Victory motorcycles operations strengthening its position in the powersports industry . Says announcement does not affect any other polaris business units . Says "remains committed to maintaining its presence in Spirit Lake, Iowa" . Says one-time costs associated with supporting Victory dealers in selling their remaining inventory will be recorded in 2017 income statement .Says competitive pressures of a challenging motorcycle market have increased headwinds for Victory brand.  Full Article

U.S. CPSC says Polaris recalls about 9,900 Sportsman 570 ATVs due to fire hazard
Thursday, 29 Dec 2016 01:00pm EST 

U.S. Consumer Product Safety Commission - : U.S. Consumer Product Safety Commission says Polaris recalls about 9,900 Sportsman 570 all-terrain vehicles due to fire hazard .U.S. CPSC - Recall involves model year 2014 through 2016 Sportsman 570 Touring and X2 model ATVs and model year 2017 Sportsman 570 6x6 model ATVs.  Full Article

Polaris Industries a third amended and restated credit agreement
Thursday, 10 Nov 2016 06:05pm EST 

Polaris Industries Inc : Entered into a third amended and restated credit agreement dated as of Nov 9, 2016 . Polaris Industries - credit agreement provides for increase of $250 million in size of 5-year delayed draw term loan credit facility provided for by existing credit agreement to $750 million . Polaris Industries -$600 million five-year senior revolving credit facility provided for by existing credit agreement remains unchanged- sec filing .Polaris Industries - credit agreement provides for increase of $125 million in amount by which co may request facility be increased from $550 million to $675 million.  Full Article

Polaris Industries to buy Transamerican Auto Parts for $665 mln
Wednesday, 12 Oct 2016 06:00am EDT 

Polaris Industries Inc : Polaris Industries Inc announces agreement to acquire Transamerican Auto Parts . Polaris Industries Inc - deal for $665 million . Polaris Industries Inc says Polaris expects to fund acquisition with borrowings under existing credit facilities . Polaris Industries Inc - expected accretion from deal to earnings per share, excluding purchase accounting/acquisition costs, for full year 2017 . Polaris Industries Inc - company expects meaningful annual cost savings within three years following closing of deal .Polaris Industries Inc says following closing of transaction, tap will operate as a distinct business unit.  Full Article

Polaris recalls RZR XP turbo recreational off-highway vehicles due to fire hazard
Thursday, 1 Sep 2016 05:44pm EDT 

U.S. Consumer Product Safety Commission : Polaris recalls RZR XP turbo recreational off-highway vehicles due to fire hazard; severe burn injuries . Polaris recall includes previously recalled RZR turbo ROVS . Recall includes 13,000 vehicles (including the 2,230 vehicles previously recalled) . Polaris has received 19 reports of the ROVS catching on fire, resulting in six reports of burn injuries .One of reported fires occurred in Utah's American Fork Canyon, which led to a young child suffering severe burns, 15 acres of forest land being destroyed.  Full Article

Polaris Industries declares qtrly $0.55 per share dividend
Wednesday, 20 Jul 2016 05:05pm EDT 

Polaris Industries Inc :Polaris Industries Inc says declaration of a regular quarterly $0.55 per share cash dividend.  Full Article

More From Around the Web

Polaris Industries to recall about 19,200 ATVs

Polaris Industries Inc is recalling about 19,200 all-terrain vehicles due to fire hazard and risk of injury, the U.S. Consumer Product Safety Commission said on Tuesday.