Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - ENERPAC TOOL GROUP CORP | atu-03072016xexhibit991.htm |
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): March 7, 2016
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) | (IRS Employer Identification No.) |
N86 W12500 Westbrook Crossing
Menomonee Falls, Wisconsin 53051
Mailing address: P.O. Box 3241, Milwaukee, Wisconsin 53201
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (262) 293-1500
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))
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Item 2.02 Results of Operations and Financial Condition.
On March 7, 2016, Actuant Corporation (the “Company”) announced that it expects to report a non-cash asset impairment charge of approximately $170 million in its second quarter financial results due to the further weakening of near-term capital spending in the global oil & gas market, as well as ongoing weakness in off-highway equipment markets. In addition, the Company announced lower than expected revenue for the second fiscal quarter due to greater than expected declines across a number of industrial end markets.
A copy of the press release announcing the non-cash impairment charge and expected second quarter revenue is attached as Exhibit 99.1 to this Form 8-K.
Item 2.06 Material Impairments.
The information disclosed above under Item 2.02 with respect to the non-cash impairment charge is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit | ||
Number | Description | |
99.1 | Press Release of Actuant Corporation dated March 7, 2016. | |
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SIGNATURES
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 | |
Date: March 7, 2016 | |
/s/ Andrew G. Lampereur | |
Name: Andrew G. Lampereur Title: Executive Vice President and Chief Financial Officer | |
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