Business Context and Reporting Period
This Form 8-K Current Report was filed by Actuant Corporation on February 8, 2002, covering events occurring on February 7, 2002. The filing announces the execution of an underwriting agreement for a public offering of Class A common stock.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures. The document focuses exclusively on the terms of a capital raise transaction.
Material Changes and Transaction Details
- Offering Size: 3,000,000 shares of Class A common stock.
- Over-Allotment Option: Underwriters were granted an option to purchase up to 450,000 additional shares.
- Expected Closing: February 13, 2002, subject to customary closing conditions.
- Underwriters: First Union Securities, Inc.; ABN AMRO Rothschild LLC; Robert W. Baird & Co. Incorporated; and Bear, Stearns & Co. Inc.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, operational outlook, or specific risk factors beyond the standard closing conditions of the offering. The transaction is being made pursuant to a Prospectus Supplement dated February 7, 2002, which supplements a 1999 Prospectus and a Form S-3 Registration Statement.
Investor Verification Checklist
- Verify the final closing date of the offering (expected February 13, 2002).
- Confirm the final offering price per share, which is not stated in this 8-K.
- Review the full Prospectus Supplement dated February 7, 2002, for use of proceeds and detailed risk factors.
- Check if the over-allotment option of 450,000 shares was exercised post-closing.