UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Actuant Corporation
(Name of Issuer)
Class A Common Stock, par value $0.20 per share
(Title of Class of Securities)
00508x104
(CUSIP Number)
Jerome Lande
c/o Millbrook Capital Management, Inc.
26 Wing Road
Millbrook, New York 12545
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 28, 2001
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a Statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box / /.
NOTE. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Section 240.13d-7(b) for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 (the "Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP No. 00508x104 13D Page 2 of 6 Pages
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NAME OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
1
MMI Investments II-A, L.P.
I.R.S. Identification No.: 141810589
- ------- ---------------------------------------------------------------------------------------------------- -------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (SEE Instructions)
(a) [_]
(b) [x]
- ------- ------------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ------- ------------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE Instructions)
4
WC, OO
- ------- ------------------------------------------------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- --------------------- ----- ----------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF 7
690,300
SHARES
---- ----------------------------------------------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
---- ----------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
EACH 9
690,300
REPORTING
---- ----------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
PERSON 10
WITH
- ------- ------------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
690,000
- -------------------------------------------------------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
/ /
- --------------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
8.7%
- --------------------------------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE Instructions)
14
PN
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*SEE ITEM 5 OF TEXT BELOW.
CUSIP No. 00508x104 13D Page 3 of 6 Pages
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NAME OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
1
MCM Management, LLC
I.R.S. Identification No.: 14-1814578
- ------- ---------------------------------------------------------------------------------------------------- -------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (SEE Instructions)
(a) [_]
(b) [x]
- ------- ------------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ------- ------------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE Instructions)
4
AF
- ------- ------------------------------------------------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
5
- ------- ------------------------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- --------------------- ----- ----------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF 7
SHARES
----- ----------------------------------------------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
690,300
OWNED BY
----- ----------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
EACH 9
REPORTING
PERSON
----- ----------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
PERSON 10
690,300
WITH
- ------- ------------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
690,300
- ------- ------------------------------------------------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
- --------------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13
8.7%
- --------------------------------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE Instructions)
14
OO
- --------------------------------------------------------------------------------------------------------------------------------
This Amendment No. 1 (this "Amendment") relates to a Statement on Schedule 13D
originally filed on March 8, 2001 (the "Original Statement") relating to the
Class A Common Stock, par value $0.20 per share (the "Common Stock"), of Actuant
Corporation, a Wisconsin corporation (the "Company"). This Amendment amends and
supplements the Original Statement and should be read in conjunction therewith.
Capitalized terms used but otherwise not defined herein have the meanings
ascribed to them in the Original Statement.
Item 3 of the Original Statement is hereby amended and restated in its entirety
as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The total cost (including brokerage commission) of the 690,300
shares of Common Stock purchased by MMI Investments was $11,181,158.64. MMI
Investments used available cash and the proceeds of approximately
$4,518,707.92 principal amount of margin loans to purchase such shares. These
margin loans were obtained from Bear, Stearns & Co. Inc. under customary
terms and conditions.
Item 5 of the Original Statement is hereby amended and restated in its entirety
as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a)-(b) Based on approximately 7,928,500 shares of Common Stock
outstanding as of December 29, 2000 (as reported in the Issuer's Quarterly
Report on Form 10-Q for the quarter ended November 30, 2000 and adjusted for
the five-for-one reverse stock split effective on January 25, 2001), the
690,300 shares of Common Stock owned by MMI Investments represents
approximately 8.7% of the outstanding Common Stock. MMI Investments has the
sole power to direct the vote and disposition of such shares on the date of
this Amendment.
By virtue of being the general partner of MMI Investments, MCM may be
deemed to be the beneficial owner of the shares of Common Stock of the Issuer
owned by MMI Investments and to have shared power over the voting and
disposition of such shares. Except for the shares of Common Stock owned by MMI
Investments, as of the date hereof, neither MCM nor, to MMI Investments' and
MCM's knowledge, any of the persons listed on Schedule I annexed hereto owns any
Common Stock of the Issuer or have any right to acquire, directly or indirectly,
any beneficial ownership of other securities of the Issuer.
(c) Except for the open market purchases of Common Stock by MMI
Investments set forth in Schedule II attached hereto and incorporated herein by
reference, there have been no transactions with respect to the Common Stock
during the past 60 days by MMI Investments, MCM or, to MMI Investments' and
MCM's knowledge, any of the persons listed on Schedule I annexed hereto.
(d) No other person other than MMI Investments is known to MMI
Investments and MCM to have the right to receive or the power to direct the
receipt of dividends from or the proceeds from the sale of, any of the shares of
Common Stock referred to in item 5(a) above.
(e) Not applicable.
4 of 6
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: March 29, 2001
MMI INVESTMENTS II-A, L.P.
By: Millbrook Capital Management, Inc.
Manager
By: /s/ Clay B. Lifflander
----------------------------------------
President
MCM MANAGEMENT, LLC
By: /s/ Clay B. Lifflander
---------------------------
President
5 of 6
Schedule II of the Original Statement is hereby amended and restated in its
entirety as follows:
SCHEDULE II
OPEN MARKET PURCHASES BY MMI INVESTMENTS
WITHIN LAST 60 DAYS
Date Number of Shares Price/Share
---- ---------------- -----------
1/29/01 2,500 $ 17.50
2/9/07 4,000 $ 17.65
2/14/01 66,200 $ 17.80
2/15/01 29,800 $ 17.65
2/16/01 21,100 $ 17.50
2/20/01 36,220 $ 17.50
2/27/01 150,000 $ 14.85
2/28/01 30,000 $ 14.80
3/1/01 30,000 $ 14.50
3/7/01 4,300 $ 15.25
3/8/01 15,700 $ 15.30
3/20/01 45,000 $ 12.92
3/21/01 22,800 $ 12.09
3/21/01 10,000 $ 12.05
3/28/01 7,500 $ 14.67