ACTUANT CORPORATION (NYSE:ATU) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On July 27, 2018, the Nominating and Governance Committee of the Board of Directors of Actuant Corporation (the “Company”), in connection with a periodic review of the Company’s existing form indemnification agreement, approved an updated form of indemnification agreement (the “Indemnification Agreement”) to be entered into with each director and executive officer of the Company. The Indemnification Agreement provides that the Company will indemnify the director or officer party to the agreement against certain expenses arising out of claims to which he or she becomes subject in connection with his or her service to the Company. The Indemnification Agreement contains customary terms and conditions and establishes certain customary procedures and presumptions.
The foregoing summary of the Indemnification Agreement is qualified in its entirety by reference to the form of Indemnification Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference thereto.
Item 9.01Financial Statements and Exhibits
(d) The following exhibit is filed as part of this report:
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Exhibit |
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Form of Indemnification Agreement for Directors and Executive Officers. |
ACTUANT CORP ExhibitEX-10.1 2 atu201882exhibit101.htm EXHIBIT 10.1 Exhibit Exhibit 10.1 INDEMNIFICATION AGREEMENTTHIS INDEMNIFICATION AGREEMENT (“Agreement”) is made and entered into as of ________,…To view the full exhibit click here
About ACTUANT CORPORATION (NYSE:ATU)
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Company’s Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil and gas, power generation and other energy markets. The Company’s Engineered Solutions segment provides engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as various other products to the industrial and agricultural markets.