Polaris 2015 Annual Report Download - page 37

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The EPA’s emission standards for off-road recreational engines and vehicles apply to our ORV’s and
snowmobiles. We have developed engine and emission technologies to meet these requirements, including the
chassis-based ORV emission requirements that became effective in model year 2014. Snowmobiles comply
using the fleet average provisions of the regulations. In 2008, the EPA announced its intention to issue a
future rulemaking on snowmobiles with any new emission standards taking effect after model year 2012. No
further EPA rulemaking activity has followed the 2008 announcement. The CARB also has emission
regulations for ORVs that we meet. In 2014, CARB finalized additional evaporative emission regulations for
ORVs that will take effect beginning in model year 2018.
Our Victory, Indian and Slingshot motorcycles are subject to EPA and CARB emission standards for
on-highway motorcycles. We believe that these vehicles comply with the applicable standards. GEM electric
vehicles are subject to CARB emissions certification requirements, which they meet.
Our products are also subject to international emission laws and regulations in places where we sell our
products outside the United States. Canada’s emission regulations for motorcycles, ORVs and snowmobiles
are similar to those in the United States, and Polaris complies with the applicable Canada requirements.
Europe currently regulates emissions from our motorcycles and certain of our ATV-based products for which
we obtain whole vehicle type approvals, and these products meet the applicable requirements. In 2014, the
European Parliament and Council finalized the details of new regulations that will make these European
emission requirements more stringent beginning in 2016. We are developing the technology to meet these
requirements, and the first motorcycle certifications are expected to occur in 2016. Emissions from certain
Polaris off-road products in the EU will be covered in the future by the non-road mobile machinery directive,
which is currently being revised. Polaris is reviewing the technology requirements and developing compliance
solutions for these future EU regulations.
We believe that our products comply with applicable emission standards and related regulations in the United
States and internationally. We are unable to predict the ultimate impact of the adopted or proposed new
regulations on our business. We are currently developing and obtaining engine and emission technologies to
meet the requirements of the future emission standards.
Employees
Due to the seasonality of our business and certain changes in production cycles, total employment levels vary
throughout the year. Despite such variations in employment levels, employee turnover has not been high.
During 2015, on a worldwide basis, we employed an average of approximately 8,100 full-time persons, a
16 percent increase from 2014. Approximately 3,400 of our employees are salaried. We consider our relations
with our employees to be excellent.
Available Information
Our Internet website is http://www.polaris.com. We make available free of charge, on or through our website,
our annual, quarterly and current reports, and any amendments to those reports, as soon as reasonably
practicable after electronically filing such reports with the Securities and Exchange Commission. We also make
available through our website our corporate governance materials, including our Corporate Governance
Guidelines, the charters of the Audit Committee, Compensation Committee, Corporate Governance and
Nominating Committee and Technology Committee of our Board of Directors and our Code of Business
Conduct and Ethics. Any shareholder or other interested party wishing to receive a copy of these corporate
governance materials should write to Polaris Industries Inc., 2100 Highway 55, Medina, Minnesota 55340,
Attention: Investor Relations. Information contained on our website is not part of this report.
Forward-Looking Statements
This 2015 Annual Report contains not only historical information, but also ‘‘forward-looking statements’’
intended to qualify for the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
These ‘‘forward-looking statements’’ can generally be identified as such because the context of the statement
will include words such as we or our management ‘‘believes,’’ ‘‘anticipates,’’ ‘‘expects,’’ ‘‘estimates’’ or words of
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