Business Context and Reporting Period
This Form 8-K is filed by Actuant Corporation (not Enerpac Tool Group Corp) on June 22, 2009. The report addresses a modification of the Company's financial reporting segments during the second quarter of fiscal 2009 to reflect changes in its business portfolio and reporting lines.
Key Financial Metrics
The filing explicitly states that the change in segment reporting has no effect on the Company's previously reported consolidated revenues, net income, financial position, or cash flow. Consequently, this document does not contain new financial metrics, margins, debt levels, or liquidity figures.
Material Changes Versus Prior Period
- Segment Restructuring: The Company reclassified its operating and reportable segments to four new categories: Industrial, Energy, Electrical, and Engineered Solutions.
- Historical Reclassification: Historical segment financial information in the 2008 Form 10-K and the First Quarter 2009 Form 10-Q has been reclassified to align with the new structure.
- Consolidated Totals: There are no material changes to consolidated financial results; only the presentation of segment data has changed.
Guidance, Outlook, and Management Commentary
Management notes that the segment changes were part of an ongoing assessment of segment reporting. The filing clarifies that the historical data in the attached exhibits reflects the original filing dates (October 29, 2008, for the 10-K and January 8, 2009, for the 10-Q) and has not been updated for events occurring after those dates. Investors are directed to the Form 10-Q for the quarter ended February 28, 2009, for significant developments occurring after the original filings.
Important Facts for Investor Verification
- Verify the registrant name is Actuant Corporation, as the input metadata referenced Enerpac Tool Group Corp.
- Confirm that consolidated financial totals remain unchanged despite the segment reclassification.
- Review the attached Exhibits (99.1 through 99.4) for the revised segment breakdowns in the 2008 10-K and Q1 2009 10-Q.
- Check the Form 10-Q filed on April 9, 2009, for operational updates not included in this reclassification report.