Harley-Davidson CEO Matt Levatich 2016 Base Salary Up 15%. His salary is $1,041,660, 15% lower than former CEO Keith Wandell when he left the company. Securities filings describe his salary in 2016 as based on “his individual performance, accomplishment of key initiatives and positioning his salary in relation to similar companies.” Levatich’s total compensation also increased from roughly $6.5 million to $9.4 million, largely due to the award of new performance shares that will not actually be paid out until 2018. Levatich and other executives will be granted shares of the company’s stock depending on how the company performs over the next three years. Those measures included the percentage of first-time motorcycle buyers choosing Harley, weighted at 15 percent, and net income and return on invested capital, both weighted at 42.5 percent. Executives can earn zero to 300 percent of the initial target depending on performance.
Missouri Lawmakers Are Considering Measures To Repeal Most Of Missouri’s Helmet Law For Motorcycle Riders. One proposal would allow licensed operators 18 and older to ride without a helmet if they have medical insurance coverage of at least $1 million. House Republican Shane Roden of Cedar Hill says the insurance requirement isn’t fair to motorcyclists, but is an attempt at compromise. A Senate bill requires anyone under 18 to wear the gear, and makes the same demand of anyone over 18 who is using an instruction permit to operate a motorcycle. One of the House measures bumps the age restriction up to 21 and calls for the operator to have completed a motorcycle safety education course, and to have possessed a motorcycle license for at least two years. Currently, 19 states and the District of Columbia have universal helmet laws requiring all motorcyclists to wear protective headgear. 28 states require some motorcyclists to wear a helmet. Three states, including Missouri neighbors Illinois and Iowa, have no helmet use laws.
New Royal Enfield Twin-Cylinder Has Been Spotted In Testing. This Twin-Cylinder Continental GT 750 cc is an entirely new product offering from Royal Enfield, a manufacturer intending the climb the ladder in terms of displacement and one day to challenge Harley and Indian in the USA. The new model was tested in Europe and now in India where it should be launched 3rd quarter of 2017.
Every Segment Of The Transport Industry Is Going Electric. The latest example is Zero electric motorcycle manufacturer partnering with the recreational watercraft segment. Precisely with a new Sacramento-based startup called Free Form Factory to create “the world’s first electric, stand-up personal watercraft”.
Amy Hogancamp Has Joined The Motorcycle Industry Council As Marketing Manager For The MIC Events Team that produces AIMExpo. Her responsibilities will touch nearly every area of the show from sales, marketing, social media, advertising, and more. Hogancamp has a 13 years of marketing experience in a variety of industries.
Apple iPhone-maker To Build Evoke Electric Motorcycle, The Urban S. China-based startup Evoke Motorcycles has contracted Apple iPhone supplier Foxconn to manufacture its new battery-powered motorcycle, with plans to ramp up production and enter the U.S. market this summer. It’s now accepting deposits for its Urban S model. Priced at $9,400, the sportbike style ride will undercut the top brands of electric motorcycles currently on sale, including those from segment leader Zero Motorcycles.