Form 8-K
8-K — Polaris Inc.
Accession: 0001628280-26-044485
Filed: 2026-06-22
Period: 2026-06-19
CIK: 0000931015
SIC: 3790 (MISCELLANEOUS TRANSPORTATION EQUIPMENT)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K — pii-20260619.htm (Primary)
EX-99.1 (exhibit991semachpressrelea.htm)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
June 19, 2026
Date of Report (Date of earliest event reported)
POLARIS INC.
(Exact name of registrant as specified in its charter)
Delaware
1-11411
41-1790959
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
2100 Highway 55
Medina
Minnesota
55340
(Address of principal executive offices)
(Zip Code)
(763) 542-0500
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $.01 par value per share PII New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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 13(a) of the Exchange Act.
o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Director
On Friday, June 19, 2026, the Board of Directors (the "Board") of Polaris Inc. (the "Company") appointed Dustin J. Semach to the Board effective immediately. Mr. Semach was appointed as a Class III director and as a member of the Audit Committee and the Compensation Committee.
Mr. Semach is currently president and chief executive officer ("CEO") of Sealed Air Corporation ("Sealed Air"), a leading global provider of packaging solutions that integrate sustainable, high-performance materials, automation, equipment and services. Mr. Semach was promoted to president and CEO of Sealed Air in February 2025. He joined Sealed Air as chief financial officer ("CFO") in early 2023 and served as interim co-president and Co-CEO from October 2023 to June 2024. Before joining Sealed Air, he served as CEO at TTEC Holdings, Inc., a global public customer experience technology and services company, as well as CFO at Rackspace Technology, Inc., a public cloud computing company. He also held leadership positions at large-cap information technology services businesses including DXC Technology, Computer Sciences Corporation, and IBM. Mr. Semach has more than 20 years of professional experience in strategy, business transformation, at-scale M&A, finance, technology and operations. He holds a bachelor's degree in computer science from Clemson University and a master's degree in business administration from Northeastern University.
As a non-employee director, Mr. Semach will be eligible to receive director and committee fees, participate in the Polaris Inc. Deferred Compensation Plan for Directors, receive grants under the Polaris Inc. 2024 Omnibus Incentive Plan (as amended and restated April 30, 2026), and use Company products, all as described under the caption, "Director Compensation" in the Company's proxy statement for its 2026 Annual Meeting of Shareholders, which was filed with the Securities and Exchange Commission on March 17, 2026, subject to the following changes to the director compensation amounts recently approved by the Board, which became effective April 30, 2026: (i) the annual Audit Committee member's retainer fee increased to $12,500, (ii) the annual Compensation Committee member's retainer fee increased to $10,000, and (iii) the grant date fair value of the annual award of deferred stock units increased to $175,000.
Mr. Semach has no other direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, nor are any such transactions currently proposed.
On Monday, June 22, 2026, the Company issued a press release regarding Mr. Semach's appointment to the Board, which is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Exhibit
99.1
Press Release dated June 22, 2026 of Polaris Inc.
104 Cover Page Interactive Data File (formatted as Inline XBRL)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: June 22, 2026
POLARIS INC.
/s/ Matthew S. Winings
Matthew S. Winings
Senior Vice President—General Counsel and Corporate Secretary
EX-99.1
EX-99.1
Filename: exhibit991semachpressrelea.htm · Sequence: 2
Document
Polaris Appoints Dustin Semach to Board of Directors
MINNEAPOLIS (June 22, 2026) – Polaris Inc. (NYSE:PII), announced today that it has appointed Dustin J. Semach to the Company’s Board of Directors, effective June 19, 2026.
“On behalf of the Board, it’s a pleasure to welcome Dustin, an accomplished leader in the industrial and technology sectors whose experience across finance, strategy and operations brings valuable perspective to Polaris,” said Polaris’ Board Chair, John Wiehoff. “His background complements the Board’s strategic focus on advancing our powersports strategy and positioning the Company for its next phase of growth, while delivering long-term value for shareholders.”
Semach currently serves as President and Chief Executive Officer of Sealed Air Corporation, a leading global provider of packaging solutions. He was appointed President and CEO in February 2025 after joining the company as Chief Financial Officer in 2023. Semach has extensive experience leading business transformation, finance, operations, and technology across global public companies. Prior to Sealed Air, he served as Chief Financial Officer of TTEC Holdings, Inc. and Rackspace Technology, Inc., and held leadership roles at DXC Technology, Computer Sciences Corporation and IBM.
Semach will serve on the Board’s Audit Committee and Compensation Committee.
###
ABOUT POLARIS
As the global leader in powersports, Polaris Inc. (NYSE: PII) has been defining and redefining outdoor adventure since 1954. Polaris delivers industry-shaping off-road vehicles, snowmobiles, boats, military, quadricycles, and commercial transportation vehicles, along with an expansive portfolio of parts, garments, and accessories. Its lineup includes some of the most iconic brands in powersports including the RANGER, RZR, Polaris XPEDITION, Bennington pontoons, Slingshot, and more. Headquartered in Minnesota and serving customers in nearly 100 countries, Polaris continues to set the standard for performance, quality, and unmatched service. Explore more at www.polaris.com.
Media Contact:
Jessica Rogers
Phone: 763.513.3445
Email: jessica.rogers@polaris.com
Investor Relations Contact:
J.C. Weigelt
Phone: 763.542.0525
Email: jc.weigelt@polaris.com
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