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<SEC-DOCUMENT>0000950137-07-001417.txt : 20070202
<SEC-HEADER>0000950137-07-001417.hdr.sgml : 20070202
<ACCEPTANCE-DATETIME>20070202150655
ACCESSION NUMBER:		0000950137-07-001417
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070130
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070202
DATE AS OF CHANGE:		20070202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENTAIR INC
		CENTRAL INDEX KEY:			0000077360
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550]
		IRS NUMBER:				410907434
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-04689
		FILM NUMBER:		07576144

	BUSINESS ADDRESS:	
		STREET 1:		5500 WAYZATA BLVD.
		STREET 2:		SUITE 800
		CITY:			GOLDEN VALLEY
		STATE:			MN
		ZIP:			55416
		BUSINESS PHONE:		763-545-1730

	MAIL ADDRESS:	
		STREET 1:		5500 WAYZATA BLVD.
		STREET 2:		SUITE 800
		CITY:			GOLDEN VALLEY
		STATE:			MN
		ZIP:			55416

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PENTAIR INDUSTRIES INC
		DATE OF NAME CHANGE:	19790327
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c11976e8vk.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>CURRENT REPORT</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (Date of earliest event reported): January&nbsp;30, 2007</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Commission file number 1-11625</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><FONT style="border-bottom: 1px solid #000000">Pentair, Inc.</FONT></B>
</DIV>

<DIV align="center" style="font-size: 10pt"><B>(Exact name of Registrant as specified in its charter)</B></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Minnesota</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>41-0907434</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>(State or other jurisdiction of incorporation or organization)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(I.R.S. Employer Identification number)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>5500 Wayzata Blvd, Suite&nbsp;800, Golden Valley, Minnesota</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>55416</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>(Address of principal executive offices)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(Zip code)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" colspan="3" valign="top"><B>Registrant&#146;s telephone number, including area code: (763)&nbsp;545-1730</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-family: Wingdings">&#168;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-family: Wingdings">&#168;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-family: Wingdings">&#168;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-family: Wingdings">&#168;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">








<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">ITEM 9.01 Financial Statements and Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURE</A></TD></TR>
<TR><TD colspan="9"><A HREF="c11976exv99w1.htm">Press Release</A></TD></TR>
</TABLE>
</CENTER>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>






<!-- link2 "ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" -->
<DIV align="left"><A NAME="000"></A></DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>ITEM 5.02</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In connection with the appointment of a new Chief Financial Officer as described in Item
5.02(c) below, on January&nbsp;30, 2007, Pentair, Inc. (the &#147;Company&#148;) and David D. Harrison, the
Executive Vice President and Chief Financial Officer of Pentair, determined that Mr.&nbsp;Harrison will
retire by the end of February&nbsp;2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On January&nbsp;30, 2007, the Company appointed John L. Stauch, age 42, to the position of Executive
Vice President and Chief Financial Officer. His appointment as Chief Financial Officer will be
effective in late February&nbsp;2007 at the time of the retirement of Mr.&nbsp;Harrison. Prior to joining
the Company, Mr.&nbsp;Stauch served as Chief Financial Officer of the Automation and Control Solutions
group of Honeywell International Inc. (&#147;Honeywell&#148;) since 2005. Prior to that he was the Chief
Financial Officer of the Sensing &#038; Controls group of Honeywell (2004-2005), the Chief Financial
Officer of the Automation and Control Products group of Honeywell (2002-2004) and the Chief
Financial Officer and IT Director of PerkinElmer Optoelectronics (2000-2002). A copy of the press
release that the Company issued on February&nbsp;1, 2007 announcing such appointment is filed herewith
as Exhibit&nbsp;99.1 and incorporated herein by reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Stauch will participate in the usual compensation and benefit programs available to an
executive officer of the Company. Under the terms of the Company&#146;s Executive Officer Performance
Plan, his target payout for cash bonus as a percent of salary will be 80%, and the range of
potential payout as a percent of salary will be 0 &#151; 160%. Mr.&nbsp;Stauch&#146;s anticipated start date is
February&nbsp;12, 2007. In accordance with Pentair&#146;s policy for granting long-term incentives under its
Omnibus Stock Incentive Plan, the Company&#146;s Compensation Committee will grant stock options and
restricted stock to Mr.&nbsp;Stauch on the fifteen day of the month following his date of employment.
The grant will consist of approximately 17,900 shares of restricted stock and 125,400 stock options
(calculated assuming a stock price of $31.23). The actual number of shares and options granted
will be determined by the Compensation Committee at the time of grant and will be valued based on
the stock price at the close of business on the grant date. These awards are intended to
compensate Mr.&nbsp;Stauch for awards previously made to him by his prior employer that are now not
available to him and constitute his participation in the long-term compensation program for the
Company&#146;s executives in 2007, which grants are otherwise normally made in January of every year.
These restricted shares and options will vest and become exercisable under the same terms and
conditions as all other awards made by the Company under its Omnibus Stock Incentive Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Stauch will also receive a Key Executive Employment and Severance Agreement (&#147;KEESA&#148;), which
provides for contingent benefits in the event of a change in control of the Company (except in
certain limited circumstances). Such benefits include:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>bonus awards for the year in question to be made under the Company&#146;s
Executive Officer Performance Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>immediate vesting of all unvested stock options and termination of all
restrictions on shares issued under the Omnibus Stock Incentive Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reimbursement of any excise taxes triggered by payments to the executive;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the cost of an executive search agency;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>short-term replacement coverage for Company-provided group medical,
dental and life insurance policies;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>amount of non-vested benefits under any of the Company&#146;s tax-qualified deferred compensation plans;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the accelerated accrual and vesting of benefits under the Company&#146;s
Supplemental Executive Retirement Plan; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>severance pay equal to 250% of annual compensation for terminated
employees; guaranteed salary, benefit and bonus levels for continuing
employees for up to a two-year period.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The KEESA also requires the executive to devote his best efforts to the Company or its successor
during the two-year period, to maintain the confidentiality of Company information during and
following employment and to
refrain from competitive activities for a period of one year following termination of employment
with the Company or its successor.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(e)&nbsp;The disclosures set forth in Item&nbsp;5.02(c) above (other than the first paragraph) are
incorporated by reference into this Item&nbsp;5.02(e).
</DIV>
<!-- link2 "ITEM 9.01 Financial Statements and Exhibits" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 9.01 Financial Statements and Exhibits</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Financial Statements of Businesses Acquired
<BR>Not applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pro Forma Financial Information
<BR>Not applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shell Company Transactions
<BR>Not applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Exhibits
The following exhibits are provided as part of the information
filed under Item&nbsp;5.02 of this Current Report on Form 8-K:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Pentair, Inc. press
release dated
February&nbsp;1, 2007
announcing the
appointment of John
L. Stauch to
Executive Vice
President and Chief
Financial Officer of
Pentair.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "SIGNATURE" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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, thereunto duly authorized, on
February&nbsp;2, 2006.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">PENTAIR, INC.<BR>
Registrant<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">By  /s/ Louis L. Ainsworth
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Louis L. Ainsworth&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Senior Vice President, General Counsel and Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PENTAIR, INC.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;Index to Current Report on Form&nbsp;8-K<BR>
Dated January&nbsp;30, 2007
</DIV>

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    <TD valign="top" align="center"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Pentair, Inc. press release dated February&nbsp;1, 2007 announcing
the appointment of John L. Stauch to Executive Vice President and
Chief Financial Officer of Pentair.</TD>
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c11976exv99w1.htm
<DESCRIPTION>PRESS RELEASE
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><u><B>EXHIBIT 99.1</B></u>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><BR><BR>
<B>Pentair, Inc.</B><BR>
5500 Wayzata Boulevard, Suite&nbsp;800<BR>
Golden Valley, MN 55416<BR>
763 656 5278 Tel<BR>
763 656 5402 Fax

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    <TD align="left" valign="top"><b>News</b>
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    <TD align="right" valign="top"><IMG src="c11976pentair.gif" alt="(PENTAIR LOGO)"></TD>
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<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>PENTAIR NAMES JOHN L. STAUCH NEW CHIEF FINANCIAL OFFICER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">GOLDEN VALLEY, Minn. &#151; February&nbsp;1, 2007 &#151; Pentair, Inc. (NYSE: PNR) today announced
that John L. Stauch, 42, will join the company as Executive Vice President and Chief
Financial Officer. Mr.&nbsp;Stauch most recently served as Chief Financial Officer (CFO)&nbsp;of
Honeywell International&#146;s $11&nbsp;billion Automation and Control Solutions group (NYSE:
HON). His appointment as CFO of Pentair will be effective in late February.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;I am very pleased to have a finance leader of John&#146;s proven capabilities and
reputation as Pentair&#146;s new chief financial officer,&#148; said Randall J. Hogan, chairman
and chief executive officer. &#147;John&#146;s breadth of experience in finance and investor
relations, his strong understanding of operations, and his successful leadership in
complex global business environments will serve as powerful assets for Pentair as we
drive high performance,&#148; Hogan added.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During his 10&nbsp;year career at Honeywell International and its predecessor, Allied
Signal, Mr.&nbsp;Stauch held wide-ranging finance leadership roles including investor
relations, financial planning and analysis, and division CFO positions across a number
of global industries. Mr.&nbsp;Stauch also served as CFO at PerkinElmer Optoelectronics, a
technology company serving the biomedical market and a business unit of PerkinElmer,
Inc. (NYSE: PKI). He began his career at General Motors in plant controllership and
financial analyst roles. Mr.&nbsp;Stauch holds a bachelor of arts degree in finance from
Michigan State University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Stauch succeeds Dave Harrison, who, last year, announced his intent to retire. Mr.
Harrison served as Pentair&#146;s CFO for 8&nbsp;years, helping to drive the company&#146;s
transformation to a diversified operating company focused on two attractive
industries: water and technical products. &#147;Dave made many important contributions to
Pentair&#146;s performance during his tenure. Pentair&#146;s Board of Directors, employees and I
appreciate his talent and commitment to the company,&#148; Hogan noted.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">-more-
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">-2-
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About Pentair, Inc.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pentair (www.pentair.com) is a diversified operating company headquartered in
Minnesota. Its Water Group is a global leader in providing innovative products
and systems used worldwide in the movement, treatment, storage and enjoyment of
water. Pentair&#146;s Technical Products Group is a leader in the global enclosures
market, designing and manufacturing standard, modified, custom and thermal
enclosures that house and protect sensitive electronics and electrical
components. With 2005 revenues of $2.95&nbsp;billion, Pentair has approximately 15,000
employees worldwide.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Contact:<BR>
Rachael Jarosh<BR>
Communications and Investor Relations<BR>
Tel.: (763)&nbsp;656-5280<BR>
E-mail: <u>rachael.jarosh@pentair.com</u>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>&#151;30&#151;</B>
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