<SEC-DOCUMENT>0000914760-16-000381.txt : 20160301
<SEC-HEADER>0000914760-16-000381.hdr.sgml : 20160301
<ACCEPTANCE-DATETIME>20160301164027
ACCESSION NUMBER:		0000914760-16-000381
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160229
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160301
DATE AS OF CHANGE:		20160301

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACTUANT CORP
		CENTRAL INDEX KEY:			0000006955
		STANDARD INDUSTRIAL CLASSIFICATION:	MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590]
		IRS NUMBER:				390168610
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11288
		FILM NUMBER:		161473911

	BUSINESS ADDRESS:	
		STREET 1:		ATTN:  MATT PAULI
		STREET 2:		N86 W12500 WESTBROOK CROSSING
		CITY:			MENOMONEE FALLS
		STATE:			WI
		ZIP:			53051
		BUSINESS PHONE:		262-293-1524

	MAIL ADDRESS:	
		STREET 1:		ATTN:  MATT PAULI
		STREET 2:		N86 W12500 WESTBROOK CROSSING
		CITY:			MENOMONEE FALLS
		STATE:			WI
		ZIP:			53051

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APPLIED POWER INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APPLIED POWER INDUSTRIES INC
		DATE OF NAME CHANGE:	19730123
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a65322_8k22916.htm
<DESCRIPTION>FEBRUARY 29, 2016
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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C.&nbsp; 20549</P>

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Form 8-K</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Date of Report (Date of earliest event
reported):&nbsp; February 29, 2016</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">ACTUANT CORPORATION</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Exact name of Registrant as specified
in its charter)</P>

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    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">Wisconsin</FONT></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">1-11288</FONT></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">39-0168610</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(State or other jurisdiction</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Commission File</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(I.R.S. Employer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">of incorporation)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">Number)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">Identification No.)</FONT></TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5in 0 12pt; text-align: center">N86 W12500 WESTBROOK CROSSING<BR>
MENOMONEE FALLS, WISCONSIN 53051</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center"><U>Mailing address: P.O. Box 3241, Milwaukee,
Wisconsin 53201<BR>
</U><FONT STYLE="font-size: 10pt">(Address of principal executive offices) (Zip code)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">Registrant&rsquo;s telephone number,
including area code: (262) 293-1500</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 5.02&nbsp;Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><I>Appointment of President and Chief
Executive Officer</I>.&nbsp; On February 29, 2016, the Board of Directors (the &ldquo;Board&rdquo;) of Actuant Corporation (the
&ldquo;Company&rdquo;) appointed Randal W. Baker, as President and Chief Executive Officer, effective March 1, 2016 to succeed
Robert C. Arzbaecher.&nbsp; Mr. Baker has also been appointed to the Board of Directors. Effective with this transition, Actuant&rsquo;s
Board of Directors has appointed one of its independent directors, Robert A. Peterson, as its Chairman of the Board, replacing
Mr. Arzbaecher who will remain a member of the Board. Mr. Peterson has been on the Actuant Board of Directors since 2003, and has
been Actuant&rsquo;s lead independent director since 2015.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The Company entered into an offer letter
(the &ldquo;Offer Letter&rdquo;), with Mr. Baker. The material terms of the Offer Letter are summarized below:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in"><I>Base Salary and Bonus</I>.&nbsp; Mr.
Baker will receive an annual base salary of $850,000, subject to review annually, and will be eligible to participate in the Company&rsquo;s
annual bonus plan for fiscal 2016 on the same basis as the other members of the senior executive team.&nbsp; Mr. Baker&rsquo;s
target bonus will be 100% of his base salary ($425,000 on a pro rata basis for fiscal 2016); provided his annual bonus will not
be less than $212,500 for fiscal 2016.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><I>Long-term Compensation</I>.&nbsp;
On the first day of the open trading window in March 2016, Mr. Baker will be granted stock options and restricted stock units with
an aggregate value of $2,300,000, 50% of which shall be in the form of stock options and 50% of which shall be in the form of restricted
stock units (the &ldquo;Equity Award&rdquo;). The options will have an exercise price equal to and the restricted stock units will
be priced based on, the closing market price of the Company&rsquo;s stock on the grant date. The Equity Award will be subject to
the terms and conditions of the Actuant Corporation 2009 Omnibus Incentive Plan, as amended, and the specific award agreements.
The Equity Award will vest as follows: 50% on the three-year anniversary of the grant date and the remaining 50% on the five-year
anniversary of the grant date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Mr. Baker will be entitled to participate
in the Company&rsquo;s Investment/Matching Restricted Stock Grant Program for senior executives of the Company (the &ldquo;Program&rdquo;).
Under the Program, the Company will grant one share of restricted stock or one restricted stock unit (the &ldquo;Matching Shares&rdquo;)
for every two shares of Company common stock purchased by Mr. Baker during the open trading windows that start in March 2016, June
2016 and October 2016.&nbsp; The maximum value of the stock that may be purchased and subject to the Program is limited to $2,000,000
(maximum value of Matching Shares is $1,000,000). The Matching Shares will cliff vest on the third anniversary of the grant date
contingent on Mr. Baker continuing to hold the purchased shares and remaining an employee with the Company; provided, however,
that the Matching Shares will fully vest in the event of (a) a termination of Mr. Baker&rsquo;s employment without cause; or (b)
Mr. Baker&rsquo;s death or total and permanent disability. All grants will be made pursuant to the Actuant Corporation 2009 Omnibus
Incentive Plan, as amended.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The Company also entered into a Change
in Control Agreement with Mr. Baker dated March 1, 2016.&nbsp; The Change in Control Agreement is the same form of Change in Control</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">Agreement as the Company&rsquo;s other
executive officers. The Change in Control Agreement provides that if the Company terminates Mr. Baker&rsquo;s employment within
a period beginning six months prior to, and ending 24 months after a change in control, Mr. Baker is entitled to receive a lump
sum payment equal to two times his combined base salary and annual cash incentive. In addition, Mr. Baker would continue to receive
benefits available to him at the time of termination for 24 months after termination or until such earlier date as he becomes employed
by another employer and becomes eligible for similar benefits.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">There are no arrangements or understandings
between Mr.&nbsp;Baker and any other persons pursuant to which he was selected as President and Chief Executive Officer.&nbsp;
There are also no family relationships between Mr. Baker and any director or executive officer of the Company and he has no direct
or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The foregoing description of the Offer
Letter and Change in Control Agreement is qualified in its entirety by reference to the full text of the Offer Letter and the Change
in Control Agreement, which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K.&nbsp; The Company
also entered into its standard form of indemnification agreement with Mr. Baker, which is filed as Exhibit 10.3 to this Current
Report on Form 8-K.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 8.01 Other Events.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">On February 29, 2016, in light of the
hiring of Mr. Baker, the Board adopted a resolution increasing the number of directors on the Board to nine.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">On March 1, 2016, the Company issued
a press release announcing the appointment of Mr. Baker as President and Chief Executive Officer and a director of the Company
and Mr. Peterson&rsquo;s appointment as Chairman of the Board as described above.&nbsp; A copy of this press release is attached
as Exhibit 99.1 to this Current Report on Form 8-K.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(d) The following exhibits are filed
as part of this report:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.75pt solid"><B>Exhibit No.</B></P></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.75pt solid"><B>Description</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">10.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Offer Letter by and between Actuant Corporation and Randal Baker</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">10.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Form of Change in Control Agreement (incorporated by reference to Exhibit&nbsp;10.1 to the Registrant&rsquo;s Current Report on Form 8-K filed on May 2, 2012)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">10.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Form of Indemnification Agreement (incorporated by reference to Exhibit 10.35 to the Registrant&rsquo;s Form 10-K for the fiscal year ended August 31, 2002)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">99.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Press release dated March 1, 2016</TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SIGNATURE</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">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.</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">ACTUANT CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Date:&nbsp; March 1, 2016</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:&nbsp;&nbsp;<U>/s/ Andrew G. Lampereur&#9; </U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Andrew G. Lampereur</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Executive Vice President and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Chief Financial Officer</TD></TR>
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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>



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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a65322_x10.htm
<DESCRIPTION>OFFER LETTER BETWEEN ACTUANT CORPORATION AND RANDAL BAKER
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<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 10.1</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: center">ACTUANT CORPORATION</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: left">February 24, 2016</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Randal Baker</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dear Randy,</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Offer and Position</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">We are very pleased to extend an
offer of employment to you for the position of Chief Executive Officer of Actuant Corporation, a Wisconsin corporation (the <B>&quot;Company&quot;</B>).
The Board is also prepared to appoint you as a director of the Company. This offer of employment is conditioned on your satisfactory
completion of certain requirements, as more fully explained in this letter. Your employment is subject to the terms and conditions
set forth in this letter.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Duties</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">In your capacity as Chief Executive
Officer, you will perform duties and responsibilities that are commensurate with your position, and such other duties as may be
assigned to you from time to time. You will report directly to the Board of Directors of the Company (the <B>&quot;Board&quot;</B>).
You agree to devote your full business time, attention and best efforts to the performance of your duties and to the furtherance
of the Company's interests. Notwithstanding the foregoing, nothing in this letter shall preclude you from devoting reasonable periods
of time to charitable and community activities and managing personal investment assets.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Start Date</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Subject to satisfaction of all of
the conditions described in this letter, your anticipated start date is March 1, 2016 (<B>&quot;Start Date&quot;</B>).</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Base Salary</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">In consideration of your services,
you will be paid an initial base salary of $850,000 per year, subject to review annually, payable in accordance with the standard
payroll practices of the Company and subject to all withholdings and deductions as required by law.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Annual Bonus</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">You will have an opportunity to
earn an annual cash bonus based on the achievement of the same performance objectives for fiscal 2016 currently in place for our
executive team members. For Fiscal 2016, your annual target cash bonus will be one times your base salary $850,000, ($425,000 on
a pro rata basis), of which $212,500 is guaranteed and will be paid in accordance with the Company&rsquo;s current practices. The
Board will establish your target bonus and performance objectives on an annual basis going forward.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Equity Grants (LTI)</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">On the first day of the open trading
window in March 2016, you will be granted stock options and restricted stock units with an aggregate value of $2,300,000, 50% of
which shall be in the</P>


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<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">form of stock options and 50% of
which shall be in the form of restricted stock units (the &ldquo;<B>Equity Award</B>&rdquo;). The options will have an exercise
price equal to and the restricted stock units will be priced based on, the closing market price of the Company&rsquo;s stock on
the grant date. The Equity Award will be subject to the terms and conditions of the Actuant Corporation 2009 Omnibus Incentive
Plan, as amended, and the specific award agreements. The Equity Award will vest as follows: 50% on the three-year anniversary of
the grant date and the remaining 50% on the five-year anniversary of the grant date.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">For each full fiscal year of employment,
you will be eligible to receive an annual equity award determined by the Board in its discretion.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Signing Bonus</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">You will be entitled to participate
in the Company&rsquo;s Investment/Matching Restricted Stock Grant Program for senior executives of the Company (the &ldquo;<B>Program</B>&rdquo;).
Under the Program the Company will grant one share of restricted stock or one restricted stock unit (the &ldquo;Matching Shares&rdquo;)
for every two shares of Company common stock purchased by you during the open trading windows in March 2016, June 2016 and October
2016.&nbsp; The maximum value of the stock that may be purchased and subject to the Program is limited to $2,000,000 (maximum value
of Matching Shares is $1,000,000). The Matching Shares will cliff vest on the third anniversary of the grant date contingent on
you continuing to hold the purchased shares and remaining an employee with the Company; provided, however, that the Matching Shares
will fully vest in the event of (a) a termination of your employment without cause; or (b) your death or total and permanent disability.
All grants will be made pursuant to the Actuant Corporation 2009 Omnibus Incentive Plan, as amended.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Benefits and Perquisites</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">You will be eligible to participate
in the employee benefit plans and programs generally available to the Company's senior executives, including group medical, dental,
vision and life insurance, and disability benefits, subject to the terms and conditions of such plans and programs. You will be
entitled to paid vacation in accordance with the Company's policies in effect from time to time. You will also be entitled to the
fringe benefits and perquisites that are made available to other similarly situated executives of the Company, each in accordance
with and subject to the eligibility and other provisions of such plans and programs. The Company reserves the right to amend, modify
or terminate any of its benefit plans or programs at any time and for any reason.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Withholding</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">All forms of compensation paid to
you as an employee of the Company shall be less all applicable withholdings.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Stock Ownership Requirements</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">As Chief Executive Officer of the
Company, you will be required to comply with the Company's Stock Ownership Requirements applicable to executive officers, which
requires the Chief Executive Officer to maintain stock ownership equal in value to at least five times base salary within three
years of the Start Date.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>At-will Employment</U></P>


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<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Your employment with the Company
will be for no specific period of time. Rather, <B>your employment will be at-will, meaning that you or the Company may terminate
the employment relationship at any time, with or without cause, and with or without notice and for any reason or no particular
reason.</B> Although your compensation and benefits may change from time to time, the at-will nature of your employment may only
be changed by an express written agreement signed by an authorized officer of the Company.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Clawback</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Any amounts payable hereunder are
subject to any policy (whether currently in existence or later adopted) established by the Company providing for clawback or recovery
of amounts that were paid to you. The Company will make any determination for clawback or recovery in its sole discretion and in
accordance with any applicable law or regulation.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Governing Law</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">This offer letter shall be governed
by the laws of Wisconsin, without regard to any state&rsquo;s conflict of law principles.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Contingent Offer</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">This offer is contingent upon:</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 12pt 0 6pt 0.5in; text-align: justify">(a) Verification of your
right to work in the United States, as demonstrated by your completion of an I-9 form upon hire and your submission of acceptable
documentation (as noted on the I-9 form) verifying your identity and work authorization within three days of your Start Date;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 12pt 0 6pt 0.5in; text-align: justify">(b) Completion of your
background check and drug screening with results satisfactory to the Company; and</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 12pt 0 6pt 0.5in; text-align: justify">(c) Approval by the Board
of your election as Chief Executive Officer and as a director of the Company.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><U>Representations</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">By accepting this offer, you represent
that you are able to accept this job and carry out the work that it would involve without breaching any legal restrictions on your
activities, such as non-competition, non-solicitation or other work-related restrictions imposed by a current or former employer.
You also represent that you will inform the Company about any such restrictions and provide the Company with as much information
about them as possible, including any agreements between you and your current or former employer describing such restrictions on
your activities. You further confirm that you will not remove or take any documents or proprietary data or materials of any kind,
electronic or otherwise, with you from your current or former employer to the Company without written authorization from your current
or former employer, nor will you use or disclose any such confidential information during the course and scope of your employment
with the Company. If you have any questions about the ownership of particular documents or other information, you should discuss
such questions with your former employer before removing or copying the documents or information.</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">If you have any questions about
the above details, please call me. If the foregoing is acceptable, please sign below and return this letter to me. This offer is
open for you to accept until 5:00 p.m. on Wednesday, February 24, 2016, at which time it will be deemed to be withdrawn.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Yours sincerely,</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 22.95pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 22.95pt 0 0">ACTUANT CORPORATION</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 22.95pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 22.95pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 22.95pt 0 0">By:<U>/s/ Robert C. Arzbaecher&#9;</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 22.95pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 22.95pt 0 0">Its: <U>CEO&#9;</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 22.95pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><U>Acceptance of Offer</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">I have read, understood and accept
all the terms of the offer of employment as set forth in the foregoing letter. I have not relied on any agreements or representations,
express or implied, that are not set forth expressly in the foregoing letter, and this letter supersedes all prior and contemporaneous
understandings, agreements, representations and warranties, both written and oral, with respect to the subject matter of this letter.</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">RANDAL BAKER</P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Signed:<U>&#9;/s/ Randal Baker&#9;</U></P>

<P STYLE="font: 11pt/15pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Date<U> 2/24/16&#9;</U></P>



<P STYLE="margin: 0"></P>

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<SEQUENCE>3
<FILENAME>a65322_x99.htm
<DESCRIPTION>PRESS RELEASE DATED MARCH 1, 2016
<TEXT>
<HTML>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: right"><B>&nbsp;</B><U>Exhibit 99.1</U></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: center"></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font: 9pt Sans-Serif; color: Red"><B></B><IMG SRC="actuantlogo.jpg" ALT=""></P>



<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: center">N86 W12500 Westbrook Crossing</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: center">Menomonee Falls, WI 53051</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Contact:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">For Immediate Release</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Karen Bauer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Communications &amp; Investor Relations Leader</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">262-293-1562</TD></TR>
</TABLE>


<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: center"><B></B></P>

<HR NOSHADE SIZE="2" STYLE="color: Black; width: 100%; margin-top: 3pt; margin-bottom: 3pt">
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 5pt; text-align: center"><B>ACTUANT NAMES RANDAL W. BAKER PRESIDENT
AND CHIEF EXECUTIVE OFFICER</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">MILWAUKEE, March 1, 2016 -- Actuant Corporation&rsquo;s
(NYSE:ATU) Board of Directors announced that</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Randal W. Baker has been named President and
Chief Executive Officer of the Company effective immediately. Mr. Baker has also been appointed to the Board of Directors. Effective
with this transition, Actuant&rsquo;s Board of Directors has appointed an independent director, Robert A. Peterson, as Actuant&rsquo;s
Chairman of the Board, replacing Robert C. Arzbaecher who will remain a member of the Board. Mr. Peterson has been on the Actuant
Board of Directors since 2003, and has been Actuant&rsquo;s lead independent director since 2015.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&ldquo;We are excited to welcome Randy to Actuant,&rdquo;
commented Peterson. &ldquo;He brings a wealth of experience from a variety of leadership roles in multiple industrial companies
with revenues and complexity greater than Actuant. His demonstrated success in driving new product development and strong organic
growth, along with superior customer and global market knowledge, was a differentiator to Actuant&rsquo;s CEO search committee.
He is a proven, results-oriented leader with the strategic, operational and talent development skills required to inspire the organization
and deliver shareholder value.&rdquo;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Mr. Baker has nearly 30 years of industrial
experience, including serving in numerous executive roles of increasing responsibility and depth. From 2009 to 2015 he was with
Joy Global, Inc.(&ldquo;Joy&rdquo;), most recently as Chief Operating Officer. Prior to Joy, Mr. Baker was an executive with Case
New Holland (&ldquo;CNH&rdquo;) from 2004 to 2009, holding a variety of roles including President and CEO of their agriculture
equipment business. Prior to CNH, Mr. Baker had diverse leadership roles at Komatsu America Corporation, Ingersoll-Rand, and Sandvik
Corporation.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&ldquo;Actuant is a great industrial company
with outstanding diversity, market-leading brands and technologies as well as deep and long-standing customer relationships,&rdquo;
stated Baker. &ldquo;I am humbled to be given the opportunity to lead it going forward and to help deliver superior results for
stakeholders.&rdquo;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Mr. Peterson continued, &ldquo;The Board of
Directors would like to thank Bob Arzbaecher for assuming the role of interim CEO and for the leadership he provided during the
last six months. His company knowledge and steady hand allowed the Board of Directors to confidently focus on a robust CEO search
process without time pressure. The Board of Directors also determined this CEO transition was the opportune time to appoint an
independent director as Chairman of the Board. Bob&rsquo;s leadership and involvement in Actuant since its creation in 2000 has
created substantial shareholder value, and we look forward to his continued counsel and leadership as a director.&rdquo;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><U>About Actuant</U></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">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.</P>



<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
