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HARLEY-DAVIDSON ANNOUNCES TWO-FOR-ONE STOCK SPLIT AT ANNUAL MEETING

 HARLEY-DAVIDSON ANNOUNCES TWO-FOR-ONE STOCK SPLIT AT ANNUAL MEETING
 MILWAUKEE, May 11 /PRNewswire/ -- Harley-Davidson, Inc. (NYSE: HDI) announced that its board of directors has approved a two-for-one stock split affecting shareholders of record as of June 5, 1992. The additional stock will be payable on June 26, 1992. The announcement was made at the company's annual meeting of shareholders, held on Saturday, May 9, in York, Pa.
 At the New York Stock Exchange closing on Friday, May 8, Harley- Davidson, Inc.'s stock traded at $59-1/2 per share. Harley-Davidson, Inc. currently has 17,884,716 million common shares outstanding.
 "We believe that, by splitting our stock, we'll attract more individual investors into the Harley-Davidson family," said Richard F. Teerlink, president and chief executive officer, Harley-Davidson, Inc. "We're pleased to be able to present them with this opportunity."
 The announcement of the Board's action followed shareholders' approval of an amendment to the company's Restated Articles of Incorporation increasing authorized shares of common stock from 25 million to 100 million and preferred stock from 1 million to 2 million.
 In addition, shareholders elected to Harley-Davidson, Inc.'s board of directors, Barry K. Allen, president and chief executive officer of Wisconsin Bell. Allen will replace Dr. Michael J. Kami, a founding member of the board who retired at the close of the meeting. H. Wayne Dahl, president and chief operating officer of the company's Holiday Rambler Corporation subsidiary and William B. Potter, president and chief executive officer of Preston Corporation, were re-elected to the board.
 Ernst & Young was again elected as the company's independent auditors.
 During a review of Motorcycle Division operators, Jeffrey L. Bleustein, executive vice president, said the company expected the transition from its old to new paint systems to be completed by the end of the second quarter, in time for the new model changeover in early July. By that time, he said, the company also plans to have achieved a production level of 320 units per day. While he said the company might not initially achieve that rate on an every day basis, Bleustein stated the company intended to make up any shortfall in production through overtime.
 It was also announced at the meeting that the Board had established a nominating committee to identify and select future board of director candidates. The new committee will be comprised entirely of outside directors.
 Harley-Davidson, Inc., the only major American motorcycle manufacturer, produces heavyweight motorcycles and a complete line of motorcycle parts and accessories. Its Holiday Rambler Corporation subsidiary is a leading manufacturer of premium recreational vehicles, specialized commercial vehicles and a diverse range of related products. Harley-Davidson, Inc. is also a manufacturing contractor for a variety of industries.
 -0- 5/11/92
 /CONTACT: Ken Schmidt, 414-935-4538, or Jim Ziemer, 414-935-4535 (analysts), both of Harley-Davidson/
 (HDI) CO: Harley-Davidson Inc. ST: Wisconsin IN: AUT SU:


SH -- NY017 -- 8436 05/11/92 08:51 EDT
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Publication:PR Newswire
Date:May 11, 1992
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