UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )<F1>
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Arctic Cat, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
039670104
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(CUSIP Number)
August 31, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ x ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
<F1> The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
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CUSIP No. 039670104 13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Artisan Partners Limited Partnership 39-1807188
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<F1>
Not Applicable (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES None
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 1,691,600
REPORTING ---------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH None
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8 SHARED DISPOSITIVE POWER
1,691,600
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,691,600
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<F1>
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.14%
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12 TYPE OF REPORTING PERSON<F1>
IA
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<F1>SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 039670104 13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Artisan Investment Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<F1>
Not Applicable (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Wisconsin
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NUMBER OF 5 SOLE VOTING POWER
SHARES None
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 1,691,600
REPORTING ---------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH None
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8 SHARED DISPOSITIVE POWER
1,691,600
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,691,600
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<F1>
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.14%
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12 TYPE OF REPORTING PERSON<F1>
CO
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<F1>SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 039670104 13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew A. Ziegler
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<F1>
Not Applicable (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF 5 SOLE VOTING POWER
SHARES None
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 1,691,600
REPORTING ---------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH None
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8 SHARED DISPOSITIVE POWER
1,691,600
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,691,600
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<F1>
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.14%
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12 TYPE OF REPORTING PERSON<F1>
IN
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<F1>SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 39670104 13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carlene Murphy Ziegler
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<F1>
Not Applicable (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF 5 SOLE VOTING POWER
SHARES None
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 1,691,600
REPORTING ---------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH None
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8 SHARED DISPOSITIVE POWER
1,691,600
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,691,600
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<F1>
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.14%
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12 TYPE OF REPORTING PERSON<F1>
IN
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<F1>SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Item 1(a) Name of Issuer:
Arctic Cat, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
600 Brooks Avenue South
Thief River Falls, MN 56701
Item 2(a) Name of Person Filing:
Artisan Partners Limited Partnership ("Artisan
Partners") Artisan Investment Corporation, the
general partner of
Artisan Partners ("Artisan Corp.")
Andrew A. Ziegler
Carlene Murphy Ziegler
Item 2(b) Address of Principal Business Office:
Artisan Partners, Artisan Corp., Mr. Ziegler and
Ms. Ziegler are all located at:
1000 North Water Street, #1770
Milwaukee, WI 53202
Item 2(c) Citizenship:
Artisan Partners is a Delaware limited partnership
Artisan Corp. is a Wisconsin corporation
Mr. Ziegler and Ms. Ziegler are U.S. citizens
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
039670104
Item 3 Type of Person:
(e) Artisan Partners is an Investment Adviser
registered under section 203 of the Investment
Advisers Act of 1940; Artisan Corp. is the
General Partner of Artisan Partners; Mr. Ziegler
and Ms. Ziegler are the principal stockholders
of Artisan Corp.
<PAGE>
Item 4 Ownership (at August 31, 2000):
(a) Amount owned "beneficially" within the meaning of
rule 13d-3:
1,691,600
(b) Percent of class:
10.14% (based on 16,681,475 shares outstanding
as of August 10, 2000)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct
the vote: None
(ii) shared power to vote or to
direct the vote: 1,691,600
(iii) sole power to dispose or to
direct the disposition of: None
(iv) shared power to dispose or to
direct disposition of: 1,691,600
Artisan Partners serves as investment adviser to
Artisan Funds, Inc., comprised of four series
designated Artisan Small Cap Fund, Artisan
International Fund, Artisan Mid Cap Fund and Artisan
Small Cap Value Fund (the "Funds"). Various of Artisan
Partners' limited partners and employees are also
officers and directors of the Funds, but Artisan
Partners does not consider the Funds to be controlled
by such persons. Although the Funds are not
controlled by Artisan Partners, pursuant to rule 13d-
3(a) the shares beneficially owned by a Fund, with
respect to which that Fund has delegated to Artisan
Partners shared voting power and shared dispositive
power, are considered to be shares beneficially owned
by Artisan Partners by reason of such delegated powers.
Other clients of Artisan Partners may own shares which
are not included in the aggregate number of shares
reported herein because Artisan Partners does not have
or share voting or investment power over those shares.
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable
<PAGE>
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
The shares reported herein have been acquired on behalf of
discretionary clients of Artisan Partners. Persons other
than Artisan Partners are entitled to receive all
dividends from, and proceeds from the sale of, those
shares. None ofthese persons, to the knowledge of
Artisan Partners, Mr.Ziegler or Mrs. Ziegler, has an
economic interest in more than 5% of the class.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
Not Applicable
Item 8 Identification and Classification of Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
<PAGE>
Signature
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: September 11, 2000
ARTISAN INVESTMENT CORPORATION
for itself and as general partner of
ARTISAN PARTNERS LIMITED PARTNERSHIP
By: /s/ Andrew A. Ziegler
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Andrew A. Ziegler
President
ANDREW A. ZIEGLER
/s/ Andrew A. Ziegler
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CARLENE MURPHY ZIEGLER
/s/ Carlene Murphy Ziegler
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<PAGE>
