At the 2009 Annual Meeting of Shareholders of Polaris Industries Inc. (the "Company") held on April 30, 2009, the Company's shareholders, upon the recommendation of the Board of Directors, approved amendments to the Polaris Industries Inc. Deferred Compensation Plan for Directors (the "Deferred Compensation Plan") to (i) increase the aggregate number of shares authorized for issuance under such plan by 50,000 shares to 250,000 shares and (ii) extend the term of such plan to May 31, 2020. A brief summary of the Deferred Compensation Plan is included as part of Proposal 2 of the Company's definitive proxy statement filed with the Securities and Exchange Commission on March 10, 2009 (the "2009 Proxy Statement"). The summary of the Deferred Compensation Plan in the 2009 Proxy Statement is qualified by and subject to the full text of the Deferred Compensation Plan, as amended and restated, which is attached hereto as Exhibit 10.1 and is incorporated herein by this reference.
The Company's shareholders, upon the recommendation of the Board of Directors, also approved an increase in the aggregate number of shares authorized for issuance under the Polaris Industries Inc. 2007 Omnibus Incentive Plan (the "Omnibus Plan") by 1,000,000 shares to 2,750,000 shares. A brief summary of the Omnibus Plan is included as part of Proposal 3 of the 2009 Proxy Statement. The summary of the Omnibus Plan in the 2009 Proxy Statement is qualified by and subject to the full text of the Omnibus Plan, as amended and restated, which is attached hereto as Exhibit 10.2 and is incorporated herein by this reference.
The Company's shareholders, upon the recommendation of the Board of Directors, also reapproved the material performance terms for performance-based awards under the Polaris Industries Inc. Senior Executive Annual Incentive Compensation Plan (the "Senior Executive Plan") and the Polaris Industries Inc. Long Term Incentive Plan (the "LTIP") and approved the addition of return on invested capital as an additional business criteria used for performance-based awards under such plans. A brief summary of each of the Senior Executive Plan and the LTIP is included as part of Proposal 4 and Proposal 5, respectively, of the 2009 Proxy Statement. The summaries of the Senior Executive Plan and the LTIP in the 2009 Proxy Statement are qualified by and subject to the full text of such plans, as amended and restated, which are attached hereto as Exhibits 10.3 and 10.4, respectively, and are incorporated herein by this reference. Item 9.01 Financial Statements and Exhibits.

Exhibit No.    Description
   10.1        Polaris Industries Inc. Deferred Compensation Plan for Directors, as
               amended and restated.

   10.2        Polaris Industries Inc. 2007 Omnibus Incentive Plan, as amended and
               restated.

   10.3        Polaris Industries Inc. Senior Executive Annual Incentive Compensation
               Plan, as amended and restated.

   10.4        Polaris Industries Inc. Long Term Incentive Plan, as amended and
               restated.