MEDINA, MN – Government filings often provide a glimpse into corporations and a notice of an annual meeting of stockholders filed Friday with the U.S. Securities and Exchange Commission by Polaris Industries revealed dramatically shrinking compensation for Scott W. Wine, the company’s chairman and C.E.O.
In 2016, Wine only earned slightly less than $105,000 per week, a signifcant drop from a weekly take of more than $169,000 two years ago.
Wine’s total compensation for 2016 was $5,458,077, down from $7,114,357 in 2015 and $8,813,704 in 2014. Nonetheless, Wine’s total haul is more than $21 million in the past three years. During that period the company’s Indian motorcycle line showed dramatic growth and acceptance within the motorcycle community while the company’s Victory line was scrapped.
Three other top executives at Polaris are shown in the filing as receiving more than $3 million each in compensation in 2016 with one more getting more than $2 million. Compensation includes salary, bonuses, stock awards and more.
Polaris’ annual stockholder meeting will be held at 9 a.m. on April 27 at corporate headquarters.