Harley-Davidson Declares Dividend. Harley-Davidson, Inc. (NYSE: HOG) announced that its Board of Directors approved a cash dividend of $0.155 per share for the third quarter of 2012. The dividend is payable October 12, 2012 to the holders of record of the Company’s common stock on September 28, 2012.
Supreme Court Upholds Bail Denial In Sturgis Rally Assault Case. The South Dakota Supreme Court says a Hells Angels Motorcycle Club member will not remain free on bail while he appeals his assault conviction from a fight at last year’s Sturgis Motorcycle Rally. George Caruso of Shirley, Mass., was convicted of simple assault and sentenced to 360 days in jail for his role in a brawl between rival motorcycle clubs in Sturgis. Court documents say Caruso punched another person, which led to a brawl in which two people were stabbed.
Paul Langley Appointed President Of Vance & Hines. One of the leaders in aftermarket performance exhaust systems for the motorcycle industrythe appointment of Paul Langley as the company’s new president effective September 1, 2012. In turn, Terry Vance, having served as the company’s president since its founding over thirty years ago, will move to the role of chairman. Langley has served most recently as Senior Vice-President of Sales and Marketing at Vance & Hines as well as overseeing the development of its newest manufacturing facilities and race programs in Brownsburg, Indiana. Prior to joining Vance & Hines in 2005, Langley served as a senior vice-president at Dynojet Research, having played an instrumental role in the company’s global expansion and its transition to a publicly traded enterprise. Vance & Hines produces a wide range of performance exhaust systems for all categories of motorcycles, from touring bikes and cruisers to sportbikes and dirt bikes, as well as a full line of electronic tuning products, including Fuelpak and Throttlepak.