Actuant Executive Adopts 10b5-1 Plan
MILWAUKEE -- October 9, 2013
Actuant Corporation (NYSE: ATU) today announced that its Chief Executive
Officer (CEO), Robert C. Arzbaecher, has adopted a prearranged trading plan in
accordance with guidelines specified by Rule 10b5-1 under the Securities
Exchange Act of 1934 and the Company's policies with respect to insider sales.
Rule 10b5-1 allows officers and directors of public companies, at a time when
they are not aware of material nonpublic information, to adopt predetermined
plans for selling shares of company stock.
Pursuant to the 10b5-1 plan, Arzbaecher plans to programmatically exercise
options and sell shares over a period of approximately fifteen months. The
sales are subject to certain 10b5-1 plan criteria, including time parameters,
minimum price levels and daily volume activity. Arzbaecher announced his
intent to retire from the CEO role effective in January 2014 and continue on
as Chairman of the Board.
In addition, certain members of Actuant’s Board of Directors, as well as other
officers, may exercise options or sell shares during the existing open trading
The stock is being sold for personal financial planning purposes including
portfolio diversification as a large portion of these individuals’ net worth
is in the form of Actuant stock. All will continue to be in compliance with
Actuant’s stock ownership requirements.
Actuant Corporation is a diversified industrial company serving customers from
operations in more than 30 countries. The Actuant businesses are leaders in a
broad array of niche markets including branded hydraulic tools and solutions;
specialized products and services for energy markets and highly engineered
position and motion control systems. The Company was founded in 1910 and is
headquartered in Menomonee Falls, Wisconsin. Actuant trades on the NYSE under
the symbol ATU. For further information on Actuant and its businesses, visit
the Company's website at www.actuant.com.
Communications & Investor Relations Leader
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