b'ALOT OF THINGS ,HAPPY AND LESS SO ,HAVE HAPPENED SINCE WE LAST WROTE A CATALOG LETTER LIKE THIS . We lost Olaf Harken who passed away after a noble battle with Parkinsons Disease. His wisdom will walk our hallways forever. We also lost Patrick Rieupeyrout, Managing Director of Harken France and a giant in French sailing; we miss him tremendously. Then COVID-19 descended with its demands on Harken and sailors everywhere. Throughout it all, we at Harken did what we do: We faced aerce headwind but persevered, working hard to build something better.The best news from Harken? In this past year, we proudly accomplished the handoff of the ownership of the company from Peter and Olafs family to the U.S. employees with the formation of an ESOP (Employee Stock Ownership Plan).Harken will always be Peter and Olafs company, but it is now in the care and custody of their employees. We all believe this is the best way to achieve stability and provide for our employees future while letting Harken continue to be Harken. Importantly, the transition allows for continued growth. In September 2020, we welcomed our longtime Dutch partners, On Deck, to the global Harken team.Possibly the best part of this is that Peter is now an employeeand needs to punch in like the rest of us!Through it all, weve proven (as we did during the global economic crisis of the early 2000s when we brought U.S. production inside the company and built our U.S. and Italian factories): during challenging times, you can count on Harken to keep innovating. This time, due to many unsung heroes, weve been able to keep doing what we do without major interruption. And weve designed and launched important new productsGrand Prix winches, hydraulics, and a new cruising furler lineall over the past 13 months.Our stability actually keeps us up at night. How can you be both solid and transform sailing at the same time?We rely on a document we call our Weather Mark to navigate situations like these. This time were leaning on the second element, Make the best products at a fair price. We hope were right about this: If the products truly are the best, then nobodys just buying Harken because its the safest decision. Heres the whole Weather Mark:Keep the well-being of your peoplerst.Make the best products at a fair price.Service your customers beyond their expectations.Never lose the basic judgment youve been taught:your sense of right from wrong.These are our values. This is Harken. Our future is in our own handsthanks to the vision of our founders. With focus on the horizon, we sail from here.'