Arctic Cat Announces CEO Leadership Change

  Arctic Cat Announces CEO Leadership Change

                Claude Jordan steps down as chairman and CEO;

Chris Twomey, former chairman and CEO, and current board member, named interim
                               chairman and CEO

Business Wire

MINNEAPOLIS -- June 2, 2014

Arctic Cat Inc. (NASDAQ:ACAT) today announced that Claude Jordan has stepped
down as chairman and chief executive officer. Chris Twomey, who served as
Arctic Cat’s CEO for 24 years, and also is a former chairman and a current
member of the board of directors, has been named interim chairman and CEO. The
board is beginning a search for a permanent CEO.

Commented Twomey: “On behalf of the board, I want to thank Claude for nearly
six years of service to Arctic Cat, first as president and chief operating
officer, and then as CEO for the last three years. During his tenure, Arctic
Cat has grown from $465 million to over $700 million in annual sales, and the
company entered the growing sports segment of the Recreational Off-Highway
Vehicle (ROV) market, with a line of side-by-side Wildcat™ pure-sport and
trail models.

“Claude and the board have mutually decided this is the right time, however,
for new executive leadership at the company. It makes sense to set up the
leadership team that will take the company forward to a successful future, as
we enter a new fiscal year. Tim Delmore, CFO, has agreed to postpone his
previously announced retirement during this transition period. We anticipate
appointing a new CEO and CFO in the coming months.”

Twomey served as Arctic Cat’s CEO from 1986 to 2010. He was named a director
of the company in 1987 and was board chair from 2003 to 2012. During that
time, Twomey led Arctic Cat through an initial public offering in 1990, grew
revenues from $7.5 million to a peak of $780 million in 2007, entered the
all-terrain vehicle (ATV) business and expanded the company’s capabilities to
include engine manufacturing at a new facility in St. Cloud, Minn.

“We expect to record a charge in the fiscal 2015 first quarter to cover
severance-related costs. Excluding the severance, we are maintaining our
fiscal 2015 guidance. The company is in strong financial shape and the board
has every confidence in Arctic Cat’s long-term growth prospects. We remain
focused on growing through a robust pipeline of innovative new products and
technologies, international expansion and market share gains, as well as
enhancing profitability by achieving greater operating efficiencies.”

An executive search firm is being retained to assist in filling the CEO

About Arctic Cat

Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain
vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat^® brand
name, as well as related parts, garments and accessories. Its common stock is
traded on the NASDAQ Global Select Market under the ticker symbol “ACAT.” More
information about Arctic Cat and its products is available at

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor
for certain forward-looking statements. The Company’s Annual Report, as well
as the Report on Form 10-K, its Quarterly Reports on Form 10-Q and other
filings with the Securities and Exchange Commission, the Company’s press
releases and oral statements made with the approval of an authorized executive
officer, contain forward-looking statements that reflect the Company’s current
views with respect to future events and financial performance. These
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from historical results or
those anticipated. The words “aim,” “believe,” “expect,” “anticipate,”
“intend,” “estimate” and other expressions that indicate future events and
trends identify forward-looking statements including statements related to our
fiscal 2015 outlook, business strategy and growth prospects. Actual future
results and trends may differ materially from historical results or those
anticipated depending on a variety of factors, including, but not limited to:
product mix and volume; competitive pressure on sales, pricing and sales
incentives; increase in material or production cost which cannot be recouped
in product pricing; unexpected delays in the introduction of new products;
changes in the sourcing of engines; interruption of dealer floorplan
financing; warranty expenses and product recalls; foreign currency exchange
rate fluctuations; product liability claims and other legal proceedings in
excess of reserves or insured amounts; environmental and product safety
regulatory activity; effects of the weather; general economic conditions and
political changes; interest rate changes; consumer demand and confidence; and
those set forth in the Company’s Annual Report on Form 10-K for the year ended
March 31, 2014, under heading “Item 1A. Risk Factors.” The Company does not
undertake any obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.


Arctic Cat Inc.
Tim Delmore, 763-354-1791
Chief Financial Officer
Shawn Brumbaugh, 612-455-1754
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