Polaris Industries Inc. (NYSE: PII) announced today it is continuing a 29 year profit-sharing payment tradition.
Over $13.6 million of the company’s 2010 profits will be shared among approximately 2,250 hourly and non-salaried Polaris employees in a cash payment.
On average, each of these employees will receive nearly 19 percent of their annual pay base. Polaris also will distribute profit-sharing payments to each of its fulltime salaried employees.
Additionally, all Polaris employees will participate in the distribution of $8.1 million worth of Polaris stock that is contributed to their retirement plan.
“We delivered strong performance and posted record results in 2010, and it feels good to reward the hard work and dedication of our employees,” said Scott Wine, Chief Executive Officer. “It is fundamental to our culture that all employees share in the success they worked so diligently to create.”