ATU » Topics » Fiscal 2007 Bonus Targets

This excerpt taken from the ATU 8-K filed Oct 16, 2006.

Fiscal 2007 Bonus Targets

The fiscal 2007 bonus plan for corporate executives (Arzbaecher, Lampereur, Boel) will be based on year-over-year improvement in Actuant’s Consolidated Combined Management Measure (CMM) (80%) and performance against a low cost country sourcing target (10%) and a sales growth target (10%). The fiscal 2007 bonus plan for segment leaders (Goldstein, Blackmore) will be based on year-over-year improvement in segment CMM (60%), year-over-year improvement in Actuant’s consolidated CMM (20%), and performance against a low cost country sourcing target (10%) and a sales growth target (10%).

Supporting Definitions:

Consolidated CMM = Net earnings before interest, taxes, and amortization less Asset Carrying Charge of 20% of net debt, shareholders’ equity and accumulated amortization of intangible assets

Segment CMM = Operating Profit (before amortization) less Asset Carrying Charge of 20% of Net Assets Employed

Net Assets Employed = Net accounts receivable + net inventory + prepaid assets + net fixed assets + other long-term assets (excluding intangible assets) - accounts payable – accrued current liabilities

Bonus Targets:

 

Name

   Functional Area    Bonus Target

Robert C. Arzbaecher

   Chief Executive Officer    $ 800,000

Andrew G. Lampereur

   Executive VP & CFO    $ 206,250

Gustav H.P. Boel

   Executive Vice President    $ 120,426

Mark E. Goldstein

   Executive VP-Tools & Supplies    $ 270,000

William S. Blackmore

   Executive VP-Engineered Solutions    $ 206,250

 

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The Company will provide additional information regarding compensation of its executive officers in its Proxy Statement for the Annual Meeting of Shareholders to be held on January 16, 2007. The Proxy Statement is expected to be filed in December 2006.

 

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SIGNATURE

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

                (Registrant)

        Date: October 16, 2006   By:  

/s/ Andrew G. Lampereur

    Andrew G. Lampereur
    Executive Vice President and
    Chief Financial Officer

 

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This excerpt taken from the ATU 8-K filed Nov 10, 2005.

Fiscal 2006 Bonus Targets

 

The fiscal 2006 bonus plan for corporate executives (Arzbaecher, Lampereur, Boel) will be based on year-over-year improvement in Actuant’s Consolidated Combined Management Measure (CMM) (80%) and performance against a low cost country sourcing target (10%) and a sales growth target (10%). The fiscal 2006 bonus plan for segment leaders (Goldstein, Blackmore) will be based on year-over-year improvement in segment CMM (60%), year-over-year improvement in Actuant’s consolidated CMM (20%), and performance against a low cost country sourcing target (10%) and a sales growth target (10%).

 

Supporting Definitions:

 

Consolidated CMM = Net earnings before interest, taxes, and amortization less Asset Carrying Charge of 20% of net debt, shareholders’ equity and accumulated amortization of intangible assets

 

Segment CMM = Operating Profit (before amortization) less Asset Carrying Charge of 20% of Net Assets Employed

 

Net Assets Employed = Net accounts receivable + net inventory + prepaid assets + net fixed assets + other long-term assets (excluding intangible assets) - accounts payable – accrued current liabilities

 

Bonus Targets:

 

Name

Functional Area

Bonus Target

Robert C. Arzbaecher

Chief Executive Officer

$ 750,000

Andrew G. Lampereur

Executive VP & CFO

$ 172,500

Gustav H.P. Boel

Executive Vice President

$ 110,000

Mark E. Goldstein

Executive VP-Tools & Supplies

$ 231,000

William S. Blackmore

Executive VP-Engineered Solutions

$ 206,250

 

 

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The Company will provide additional information regarding compensation of its named executive officers in its Proxy Statement for the Annual Meeting of Shareholders to be held on January 13, 2006. The Proxy Statement is expected to be filed in December 2005.

 

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SIGNATURE

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

(Registrant)

 

Date: November 10, 2005

By:  /s/ Andrew G. Lampereur  

Andrew G. Lampereur

Executive Vice President and

Chief Financial Officer

 

 

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EXCERPTS ON THIS PAGE:

8-K
Oct 16, 2006
8-K
Nov 10, 2005
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