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
Date of Report (Date of earliest event reported): January 12, 2006
ACTUANT CORPORATION
(Exact name of Registrant as specified in its charter)
| Wisconsin | 1-11288 | 39-0168610 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
6100 North Baker Road
Milwaukee, WI 53209
Mailing address: P.O. Box 3241, Milwaukee, Wisconsin 53201
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (414) 352-4160
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)) |
Item 1.01 Entry into a Material Definitive Agreement
Executive Compensation. On January 12, 2006, the Compensation Committee (the “Committee”) of the Board of Directors of Actuant Corporation (the “Company”) granted stock options to its executive officers for fiscal 2006 as follows:
| Name |
Functional Area |
Number of Stock Options | ||
| Robert C. Arzbaecher |
Chief Executive Officer | 75,000 | ||
| Andrew G. Lampereur |
Executive VP & CFO | 18,750 | ||
| Mark E. Goldstein |
Executive VP-Tools & Supplies | 21,250 | ||
| William S. Blackmore |
Executive VP-Engineered Solutions | 18,750 |
In addition, the Committee granted restricted stock to an executive officer as follows:
| Name |
Functional Area |
Number of Restricted Shares | ||
| Gustav H.P. Boel |
Executive Vice President | 1,800 |
Lastly, the Committee approved the following special bonuses to its executive officers related to integration efforts following the Company’s acquisitions in fiscal year 2005, which were paid on January 13, 2006:
| Name |
Functional Area |
Bonus | |||
| Andrew G. Lampereur |
Executive VP & CFO | $ | 25,000 | ||
| Mark E. Goldstein |
Executive VP-Tools & Supplies | $ | 25,000 | ||
| William S. Blackmore |
Executive VP-Engineered Solutions | $ | 60,000 | ||
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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, hereunto duly authorized.
| ACTUANT CORPORATION | ||||
| (Registrant) | ||||
| Date: January 18, 2006 | By: | /s/ Andrew G. Lampereur | ||
| Andrew G. Lampereur | ||||
| Executive Vice President and Chief Financial Officer | ||||
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