<SEC-DOCUMENT>0001628280-24-017873.txt : 20240425
<SEC-HEADER>0001628280-24-017873.hdr.sgml : 20240425
<ACCEPTANCE-DATETIME>20240425110024
ACCESSION NUMBER:		0001628280-24-017873
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20240425
DATE AS OF CHANGE:		20240425
EFFECTIVENESS DATE:		20240425

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Polaris Inc.
		CENTRAL INDEX KEY:			0000931015
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				411790959
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-278926
		FILM NUMBER:		24873756

	BUSINESS ADDRESS:	
		STREET 1:		2100 HIGHWAY 55
		CITY:			MEDINA
		STATE:			MN
		ZIP:			55340
		BUSINESS PHONE:		(763) 542-0500

	MAIL ADDRESS:	
		STREET 1:		2100 HIGHWAY 55
		STREET 2:		NONE
		CITY:			MEDINA
		STATE:			MN
		ZIP:			55340

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POLARIS INDUSTRIES INC/MN
		DATE OF NAME CHANGE:	19941004
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>pii-sx8omnibusincentivepla.htm
<DESCRIPTION>S-8
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i552e59c1b7ea47d58887232a5fd5ca17_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">As filed with the Securities and Exchange Commission on April 25, 2024.</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Registration No.  333-</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.245%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">UNITED STATES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Washington,&#160;D.C. 20549</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:51.608%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">FORM S-8</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REGISTRATION STATEMENT UNDER THE</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SECURITIES ACT OF 1933</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:51.461%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">POLARIS INC. </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Exact Name of Registrant as Specified in Its Charter)</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:32.135%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.428%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.137%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Delaware</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">41-1790959</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(State or Other Jurisdiction&#160;of<br>Incorporation or Organization)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(I.R.S. Employer<br>Identification No.)</font></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2100 Highway 55<br>Medina, Minnesota</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">55340</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Address of Principal Executive Offices)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Zip Code)</font></td></tr></table></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Polaris Inc. 2024 Omnibus Incentive Plan</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Full Title of the Plan)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Lucy Clark Dougherty</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Senior Vice President - General Counsel and Secretary</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Polaris Inc.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2100 Highway 55</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Medina, Minnesota 55340</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Name and Address of Agent for Service)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Telephone number, including area code, of agent for service&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">  (763) 542-0500</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:61.257%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</font></div><div style="margin-top:4.5pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Large Accelerated Filer&#160;&#160;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">x</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;Accelerated Filer&#160;&#160;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#168; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Non-accelerated Filer&#160;&#160;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#168;</font></div><div style="margin-top:4.5pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Smaller Reporting Company&#160;&#160;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#168;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;Emerging Growth Company&#160;&#160;</font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#168; </font></div><div style="margin-top:4.5pt;text-align:center"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. </font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#168;</font></div><div style="margin-bottom:6pt;text-align:center"><font><br></font></div><div style="margin-top:9.5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:504.00pt"><tr><td style="width:1.0pt"></td><td style="width:502.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div id="i552e59c1b7ea47d58887232a5fd5ca17_4"></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PART II</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></div><div style="text-align:center"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 3.  &#160;&#160;&#160;&#160;Incorporation of Documents by Reference</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The following documents previously filed by Polaris Inc. (the &#8220;Registrant&#8221;) with the Securities and Exchange Commission (the &#8220;Commission&#8221;) are incorporated herein by reference&#58;</font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%">&#8226;</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:13.8pt">the Registrant&#8217;s Annual Report on </font><font style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline"><a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/0000931015/000162828024005284/pii-20231231.htm" style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Form 10-K</a></font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> for the fiscal year ended December 31, 2023 (Commission File No. 001-11411), as filed with the Commission on February 16, 2024&#59;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8226;</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:14.5pt">the Registrant's Quarterly Report on </font><font style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline"><a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/0000931015/000162828024017335/pii-20240331.htm" style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Form 10-Q</a></font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> for the quarterly period ended March 31 2024 (Commission File No. 001-11411), as filed with the Commission on April 23, 2024)&#59;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%">&#8226;</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:13.8pt">the Registrant&#8217;s Current Report on </font><font style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline"><a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/0000931015/000162828024001083/pii-20240108.htm" style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Form 8-K</a></font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> (Commission File No. 001-11411), filed with the Commission on January 11, 2024, excluding any Item included in such Current Report that was furnished and not filed&#59; and</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%">&#8226;</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:13.8pt">the description of the Registrant&#8217;s common stock contained in </font><font style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline"><a href="http://www.sec.gov/Archives/edgar/data/931015/000162828024017335/exhibit41descriptionofsecu.htm" style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Exhibit 4.1</a></font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> to the Registrant&#8217;s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (Commission File No. 001-11411), and all amendments and reports filed with the Commission for the purpose of updating such description.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-indent:24.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Until the Registrant files a post-effective amendment to this Registration Statement indicating that all securities offered have been sold, or deregistering all securities then remaining unsold, all documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) shall be deemed to be incorporated by reference into this Registration Statement and to be part of this Registration Statement from the date of filing such documents, other than the portions of such documents that by statute or rule, designation in such documents or otherwise are not deemed to be filed with the Commission or are not required to be incorporated by reference. </font></div><div style="text-indent:24.5pt"><font><br></font></div><div style="text-indent:24.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Any statement contained in a document incorporated or deemed to be incorporated by reference into this Registration Statement shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference into this Registration Statement modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 4.  &#160;&#160;&#160;&#160;Description of Securities.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Not applicable.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Interests of Named Experts and Counsel.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Not applicable.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 6.&#160;&#160;&#160;&#160;Indemnification of Directors and Officers.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Section 145 of Title 8 of the Delaware General Corporation Law (the &#8220;DGCL&#8221;) empowers a corporation, within certain limitations, to indemnify any person against expenses (including attorneys&#8217; fees), judgments, fines and amounts paid in settlement and reasonably incurred by such person in connection with any suit or proceeding to which such person is a party by reason of the fact that such person is or was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, as long as such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the corporation. With respect to any criminal proceedings, such person must have had no reasonable cause to believe that his or her conduct was unlawful.</font></div><div><font><br></font></div><div style="text-indent:24.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In the case of a proceeding by or in the right of the corporation to procure a judgment in its favor (e.g., a stockholder derivative suit), a corporation may indemnify an officer, director, employee or agent if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the corporation&#59; provided, however, that no person adjudged to be liable to the corporation may be indemnified unless, and only to the extent that, the Delaware Court of Chancery or the court in which such action or suit was brought determines upon application that, despite the adjudication of liability, in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which such court deems proper. A director, officer, employee or agent who is successful, on the merits or otherwise, </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">in defense of any proceeding subject to the DGCL&#8217;s indemnification provisions must be indemnified by the corporation for reasonable expenses incurred therein, including attorneys&#8217; fees.</font></div><div style="text-indent:24.5pt"><font><br></font></div><div style="text-indent:24.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As permitted by the DGCL, the Registrant&#8217;s Certificate of Incorporation (the &#8220;Certificate of Incorporation&#8221;) includes a provision that eliminates the personal liability of the Registrant&#8217;s directors and officers for breach of fiduciary duty as a director or officer, as applicable, except to the extent such exemption from liability or limitation thereof is not permitted under the DGCL as it exists or may be amended.</font></div><div style="text-indent:24.5pt"><font><br></font></div><div style="text-indent:24.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As a result of this provision, the Registrant&#8217;s ability or that of the Registrant&#8217;s stockholders to successfully prosecute an action against a director or officer for breach of his or her duty of care is limited. However, this provision does not affect the availability of equitable remedies such as an injunction or rescission based upon a director&#8217;s breach of his or her duty of care. The Commission has taken the position that this provision will have no effect on claims arising under the federal securities laws.</font></div><div style="text-indent:24.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In addition, the Registrant&#8217;s Bylaws (the &#8220;Bylaws&#8221;) provide that each person who was or is made a party or is threatened to be made a party to or is otherwise subject to or involved in any claim, demand, action, suit or proceeding, whether civil, criminal, administrative or investigative (a &#8220;proceeding&#8221;), by reason of the fact that he or she is or was a director or an officer of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another company or of a partnership, joint venture, trust or other enterprise, including service with respect to an employee benefit plan (an &#8220;indemnitee&#8221;), whether the basis of such proceeding is alleged action in an official capacity as a director, officer, employee or agent or in any other capacity while serving as a director, officer, employee or agent, shall be indemnified by the corporation to the fullest extent permitted or required by the DGCL and any other applicable law (but, in the case of any such amendment, only to the extent that such amendment permits the corporation to provide broader indemnification rights than such law permitted the corporation to provide prior to such amendment), against all expense, liability and loss (including attorneys&#8217; fees, judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement) reasonably incurred or suffered by such indemnitee in connection therewith. In addition, the Bylaws provide that, if a claim for indemnification or right to advancement of expenses is not paid in full by the corporation within sixty (60) calendar days after a written claim has been received by the corporation, except in the case of a claim for an advancement of expenses, in which case the applicable period shall be twenty (20) calendar days, the indemnitee may at any time thereafter bring suit against the corporation to recover the unpaid amount of the claim. If successful in whole or in part in any such suit, or in a suit brought by the corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee shall be entitled to the fullest extent permitted or required by the DGCL (but, in the case of any such amendment, only to the extent that such amendment permits the corporation to provide broader reimbursements of prosecution or defense expenses than such law permitted the corporation to provide prior to such amendment), to be paid also the expense of prosecuting or defending such suit.</font></div><div style="text-indent:24.5pt"><font><br></font></div><div style="text-indent:24.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Registrant also provides insurance, subject to certain limitations and specified exclusions, against certain liabilities incurred by the Registrant&#8217;s directors and officers.</font></div><div style="text-indent:24.5pt"><font><br></font></div><div style="text-indent:24.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The foregoing summaries are subject to the complete text of the DGCL, the Certificate of Incorporation and the Bylaws and are qualified in their entirety by reference thereto.</font></div><div style="text-indent:24.5pt"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Item 7.&#160;&#160;&#160;&#160;Exemption from Registration Claimed.</font></div><div><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Not applicable.</font></div><div style="text-indent:24.5pt"><font><br></font></div><div style="text-indent:24.5pt"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i552e59c1b7ea47d58887232a5fd5ca17_7"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="-sec-extract:summary;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibits.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT INDEX</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.614%"><tr><td style="width:1.0%"></td><td style="width:4.557%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.564%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:91.254%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">No.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Description</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="http://www.sec.gov/Archives/edgar/data/931015/000162828023014634/certificateofincorporation.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">4.1</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Certificate of Incorporation of Polaris Inc. (incorporated by reference to Exhibit 3.1 to the Registrant&#8217;s Current Report on Form 8-K filed with the Commission on May 1, 2023)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="http://www.sec.gov/Archives/edgar/data/931015/000162828023014634/bylawsofpolaris.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">4.2</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bylaws of Polaris Inc. (incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K filed with the Commission on May 1, 2023)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/0000931015/000130817924000124/lpii2024_def14a.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">4.3</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Polaris Inc. 2024 Omnibus Incentive Plan (incorporated by reference to Appendix B to the Registrant's Proxy Statement for the 2024 Annual Meeting of Stockholders filed on March 13, 2024)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="pii-2024formsx8xexhibit51.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">5.1</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Opinion of Jones Day, counsel for the Registrant*</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="pii-2024formsx8xexhibit231.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">23.1</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Consent of Independent Registered Public Accounting Firm*</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="pii-2024formsx8xexhibit51.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">23.2</a></font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Consent of Jones Day, counsel for the Registrant (included in Exhibit 5.1)*</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="pii-2024formsx8xexhibit241.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">24.1</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Power of Attorney*</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="pii-2024formsx8xexhibit107.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">107</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Filing Fee Table*</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">     *Filed herewith.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div id="i552e59c1b7ea47d58887232a5fd5ca17_130"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.&#160;&#160;&#160;&#160;Undertakings.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(a) The undersigned Registrant hereby undertakes&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement&#58;</font></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933 (the &#8220;Securities Act&#8221;)&#59;</font></div><div><font><br></font></div><div style="padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) (&#167;230.424(b) of this chapter) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the &#8220;Calculation of Filing Fee Tables&#8221; or &#8220;Calculation of Registration Fee&#8221; table, as applicable, in the effective Registration Statement.</font></div><div><font><br></font></div><div style="padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement&#59; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">provided, however</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">, that paragraphs (1)(i) and (1)(ii) above do not apply if the Registration Statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement. </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">bona fide</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> offering thereof.</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(b) That, for the purpose of determining any liability under the Securities Act, each filing of the Registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">bona fide</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> offering thereof.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div id="i552e59c1b7ea47d58887232a5fd5ca17_10"></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Medina, state of Minnesota, on April 25, 2024. </font></div><div style="margin-bottom:6pt"><font><br></font></div><div style="margin-top:5pt;text-align:right"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:47.368%"><tr><td style="width:1.0%"></td><td style="width:9.702%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.343%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:86.555%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">POLARIS INC.</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47;Lucy Clark Dougherty</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lucy Clark Dougherty</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Senior Vice President, General Counsel and Secretary</font></td></tr></table></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated. </font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.736%"><tr><td style="width:1.0%"></td><td style="width:6.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.980%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.282%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.568%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.5pt;font-weight:700;line-height:100%">Signature</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.62pt;padding-right:5.62pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.5pt;font-weight:700;line-height:100%">Title</font></div><div style="margin-top:1pt;padding-left:5.62pt;padding-right:5.62pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:4pt;font-weight:400;line-height:100%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.62pt;padding-right:5.62pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.5pt;font-weight:700;line-height:100%">Date</font></div><div style="margin-top:1pt;padding-left:5.62pt;padding-right:5.62pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:4pt;font-weight:400;line-height:100%">&#160;</font></div></td></tr><tr style="height:3pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</font></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;Chief Executive Officer and Director<br>(Principal Executive Officer)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr style="height:15pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Michael T. Speetzen</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</font></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice&#160;President&#160;&#8212;&#160;Finance&#160;and&#160;Chief&#160;Financial Officer (Principal Financial and Accounting Officer)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr style="height:18pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Robert P. Mack</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">George W. Bilicic</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Kevin M. Farr</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gary E. Hendrickson</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gwenne A. Henricks</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bernd F. Kessler</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Darryl R. Jackson</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lawrence D. Kingsley</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gwynne E. Shotwell</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Director</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">John P. Wiehoff</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:8pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">*By&#58;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Lucy Clark Dougherty</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 25, 2024</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lucy Clark Dougherty<br>Attorney-in-Fact</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:9pt;padding-left:11.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">*&#160;&#160;&#160;&#160;Lucy Clark Dougherty, pursuant to Powers of Attorney executed by each of the officers and directors listed above whose name is marked by an &#8220;*&#8221; and filed as an exhibit hereto, by signing her name hereto does hereby sign and execute this Registration Statement of Polaris Inc., or any amendment thereto, on behalf of each of such officers and directors in the capacities in which the names of each appear above.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>2
<FILENAME>pii-2024formsx8xexhibit107.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i1416eae80de640268124826d6fc6d1d2_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 107</font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Calculation of Filing Fee Table</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Form S-8</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Form Type)</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Polaris Inc.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Exact Name of Registrant as Specified in its Charter)</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Table</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">1&#58; Newly Registered Securities</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.613%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.613%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.116%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.320%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.256%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.683%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.235%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Security Type</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Security Class Title</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fee Calculation Rule</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amount Registered (1)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Proposed Maximum Offering Price Per Unit (2)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Maximum Aggregate Offering Price (2)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fee Rate</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amount of Registration Fee</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Equity</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Common Stock, par value $.01 per share</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,696,256</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$87.20</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$583,913,523.20</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$147.60 per $1,000,000</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$86,185.64</font></div><div><font><br></font></div><div><font><br></font></div></td></tr><tr><td colspan="12" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Offering Amounts</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$583,913,523.20</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$86,185.64</font></td></tr><tr><td colspan="12" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Fee Offsets</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</font></td></tr><tr><td colspan="12" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net Fee Due</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$86,185.64</font></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:2.580%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:95.220%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1)</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Represents common stock, par value $.01 per share (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Common Stock</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), of Polaris Inc., issuable pursuant to the Polaris Inc. 2024 Omnibus Incentive Plan (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Plan</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;). Pursuant to Rule 416 under the Securities Act of 1933 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Securities Act</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;), this Registration Statement also covers, in addition to the number shown in the table above, an indeterminate number of such additional shares of Common Stock as may be issued or become issuable pursuant to the anti-dilution provisions of the Plan.</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and (h) under the Securities Act, based upon the average of the high and low prices of the Common Stock as reported by the New York Stock Exchange on April 19, 2024, which date is within five business days prior to the filing of this Registration Statement.</font></div></td></tr></table></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>pii-2024formsx8xexhibit51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i0489e14eb320457eac24393e474000ca_1"></div><div style="min-height:102.24pt;width:100%"><div style="text-align:right"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:9pt;margin-top:6pt;text-align:center"><img alt="image_0.jpg" src="image_0.jpg" style="height:24px;margin-bottom:5pt;vertical-align:text-bottom;width:146px"></div><div style="margin-bottom:2pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:400;line-height:200%">NORTH POINT  &#8226;  901 LAKESIDE AVENUE  &#8226;  CLEVELAND, OHIO  44114.1190</font></div><div style="margin-bottom:2pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:400;line-height:200%">TELEPHONE&#58; +1.216.586.3939 &#8226; FACSIMILE&#58; +1.216.579.0212</font></div></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:34.615%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:2pt;text-align:right"><font><br></font></div></td></tr></table><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 5.1</font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:35.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.717%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.330%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:100%">April 25, 2024</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">Polaris Inc. </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">2100 Highway 55</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">Medina, MN 55340</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:70.55pt;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">Re&#58;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%;text-decoration:underline">Registration Statement on Form S-8 filed by Polaris Inc. </font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">Ladies and Gentlemen&#58;</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">We have acted as counsel for Polaris Inc., a Delaware corporation (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-style:italic;font-weight:700;line-height:120%">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">&#8221;), in connection with the registration of 6,696,256 shares (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-style:italic;font-weight:700;line-height:120%">Shares</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">&#8221;) of common stock, par value $.01 per share, of the Company that may be issued or delivered and sold pursuant to the Polaris Inc. 2024 Omnibus Incentive Plan (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-style:italic;font-weight:700;line-height:120%">Plan</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">&#8221;).  In connection with the opinion expressed herein, we have examined such documents, records and matters of law as we have deemed relevant or necessary for purposes of such opinion.  Based on the foregoing, and subject to the further limitations, qualifications and assumptions set forth herein, we are of the opinion that the Shares that may be issued or delivered and sold pursuant to the Plan and authorized forms of stock option, stock appreciation rights, restricted stock, restricted stock unit or other applicable agreements thereunder (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-style:italic;font-weight:700;line-height:120%">Award Agreements</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">&#8221;) will be, when issued or delivered and sold in accordance with the Plan and the Award Agreements, validly issued, fully paid and nonassessable, provided that the consideration for the Shares is at least equal to the stated par value thereof. </font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">The opinion expressed herein is limited to the General Corporation Law of the State of Delaware, as currently in effect, and we express no opinion as to the effect of the laws of any other jurisdiction on the opinion expressed herein.  In addition, we have assumed that the resolutions authorizing the Company to issue or deliver and sell the Shares pursuant to the Plan and the Award Agreements will be in full force and effect at all times at which such Shares are issued or delivered or sold by the Company, and the Company will take no action inconsistent with such resolutions.  In rendering the opinion above, we have assumed that each award under the Plan will be approved by the Board of Directors of the Company or an authorized committee thereof.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">We hereby consent to the filing of this opinion as Exhibit&#160;5.1 to the Registration Statement on Form&#160;S-8 filed by the Company to effect registration of the Shares under the Securities Act of 1933 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-style:italic;font-weight:700;line-height:120%">Act</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">&#8221;). In giving such consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section&#160;7 of the Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.</font></div><div style="padding-left:234pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">Very truly yours,<br><br>&#47;s&#47; Jones Day</font></div><div style="padding-left:234pt"><font><br></font></div><div><font><br></font></div><div style="height:86.4pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%">  </font><img alt="image.jpg" src="image.jpg" style="height:57px;margin-bottom:5pt;vertical-align:text-bottom;width:624px"></div><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>pii-2024formsx8xexhibit231.htm
<DESCRIPTION>EX-23.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i948abeb2fd3c412fb35431d2d045953c_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT 23.1</font></div><div><font><br></font></div><div style="padding-left:13.5pt;padding-right:13.5pt;text-align:center;text-indent:-27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></div><div style="padding-left:27pt;text-indent:-27pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Polaris Inc. 2024 Omnibus Incentive Plan of Polaris Inc. of our reports dated February 16, 2024 with respect to the consolidated financial statements of Polaris Inc. and the effectiveness of internal control over financial reporting of Polaris Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2023, filed with the Securities and Exchange Commission. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#47;s&#47; Ernst &#38; Young LLP</font></div><div style="text-align:center"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Minneapolis, Minnesota</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">April 25, 2024 </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>5
<FILENAME>pii-2024formsx8xexhibit241.htm
<DESCRIPTION>EX-24.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i8b89080cb2d2474095062bc766e98c93_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT 24</font></div><div><font><br></font></div><div style="padding-left:13.5pt;padding-right:13.5pt;text-align:center;text-indent:-27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">POWER OF ATTORNEY</font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Each of the undersigned officers and directors of POLARIS INC.,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">a Delaware corporation (the &#8220;Company&#8221;), hereby constitutes and appoints Michael T. Speetzen, Lucy Clark Dougherty, Robert P. Mack, and James P. Williams, and each of them, his or her true and lawful attorneys-in-fact and agents, each acting alone, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names, in any and all capacities, a registration statement on Form S-8, and any and all amendments (including post-effective amendments) thereto, and any and all other applications or other documents reasonably relating thereto, relating to the registration of shares of the Company&#8217;s Common Stock, par value $.01 per share, issuable under the Polaris Inc. 2024 Omnibus Incentive Plan. </font></div><div><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This Power of Attorney may be executed in any number of counterparts, each of which shall be an original, but all of which taken together shall constitute one and the same instrument and any of the undersigned directors may execute this Power of Attorney by signing any such counterpart. </font></div><div><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The undersigned have executed this Power of Attorney as of April 24, 2024.</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:46.923%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.853%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.924%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; George W. Bilicic</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Kevin M. Farr</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">George W. Bilicic</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Kevin M. Farr</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Gary E. Hendrickson</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Gwenne A. Henricks</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gary E. Hendrickson</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gwenne A. Henricks</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Darryl R. Jackson</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Bernd F. Kessler</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Darryl R. Jackson</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bernd F. Kessler</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Lawrence D. Kingsley</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Robert P. Mack</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lawrence D. Kingsley</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Robert P. Mack</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Gwynne E. Shotwell</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Michael T. Speetzen</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gwynne E. Shotwell</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Michael T. Speetzen</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; John P. Wiehoff</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">John P. Wiehoff</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image.jpg
<TEXT>
begin 644 image.jpg
MB5!.1PT*&@H    -24A$4@   RH   !*" (   #;MS=7     7-21T( KLX<
MZ0  ( !)1$%4> 'MG3^2,[F1Q7D!W6%C> T9\G@%F7++VULH:.D8[6R$3!V
MQAY!%D-'T!&XL7R:WSX]H-#L:GXCK?3*^ 8%)/+/RT0BJZJ'./WUKX\__.'Q
ME[\\>A6!(E $BD 1* )%H C\ @B<?O_[Q^GT^-WO?@%9%5$$BD 1* )%H @4
M@2+P./WYSX_?_.;QQS\6BR)0!(I $2@"1: (%(%? H'3+R&D,HI $2@"1: (
M%($B4 1^1J#EU\](]+]%H @4@2)0!(I $?A%$&CY]8O 7"%%H @4@2)0!(I
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M0Q5DGBZ$,$ QG?7B(?T*O'!P)=>=&@WF3&'4UVF,XC7U8PXP+@(@:@OR%4R
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L)P(MO]Z)9GD5@2)0!(I $2@"1>!3!/X'@W,*6?4MJF(     245.1*Y"8((!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image_0.jpg
<TEXT>
begin 644 image_0.jpg
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M88>OO_X:IDTX8*DST,@\\L@C$'"0<6+T'.8EEUR" ##G; 6V O8#X\XV+">
MK$H.$_ND.V.Q:XS O."""Q H/^<0( *H&X>''GHHZUPFPQ9"5=^ $6.+M76_
M_?:#B:[\O A=?_SQQZCH^>3)DV6"K',1H*-YR#I VGE)4)Y$5]+NLFH1H(T8
M>SE#EDD<,*)84CB)!N><P&X4AVR("3J9@7,>(@H807JE20ZKEE;OU, 9(EX0
MB&FJ8\>.R 0CZ#HJ<=UUU]%D(';999?0NQV97LJ[0V <&?C0-(58A)T_+.(
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MV''C=,@IZ#,$)6XL6+#@_???IVJB,!V15 Q'04E'M-(O"8>\<P?84Y<O7XX
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M6:>:G&D?07YY D\^^63<L#ZTPX57,<#AE9JM5,ZA J2Y1Z-B$!]__''?\ I
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MP#Y'&0):"2L(,;&:1.YA5$% N3D'*GE6P;^"!N1<!17\*ZCL_Q5L6&0R_P,
3S_0UH@/EE0    !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
