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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Applied Industrial Technologies Inc | NYSE:AIT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
3.66 | 1.97% | 189.64 | 190.49 | 187.89 | 187.89 | 443,937 | 00:02:03 |
[X]
|
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
|
[ ]
|
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
A.
|
Full title of the plan and the address of the plan, if different from that of the issuer named below:
|
B.
|
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
|
|
By: Applied Industrial Technologies, Inc., as Plan Administrator
|
|
|
|
By:
/s/ Barb Emery
|
|
Barb Emery
|
|
Vice President-Human Resources
|
|
|
Date: June 20, 2014
|
|
|
|
Page
|
|
|
|
|
|
|
|
||
|
|
|
FINANCIAL STATEMENTS:
|
|
|
|
||
|
||
|
|
|
|
||
|
|
|
SUPPLEMENTAL SCHEDULES:
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
2013
|
|
2012
|
||||
|
|
|
|
||||
Assets:
|
|
|
|
||||
Investments at fair value:
|
|
|
|
||||
Applied Industrial Technologies, Inc. Stock Fund
|
$
|
116,346,404
|
|
|
$
|
112,632,791
|
|
Mutual funds
|
281,634,124
|
|
|
234,034,141
|
|
||
Common/collective trust funds
|
59,670,842
|
|
|
61,834,421
|
|
||
Total investments
|
457,651,370
|
|
|
408,501,353
|
|
||
|
|
|
|
||||
Participant notes receivable
|
8,779,723
|
|
|
8,997,880
|
|
||
Fee reimbursement receivable - Wells Fargo
|
19,613
|
|
|
—
|
|
||
|
8,799,336
|
|
|
8,997,880
|
|
||
|
|
|
|
||||
Net assets available for plan benefits, reflecting investments at fair value
|
466,450,706
|
|
|
417,499,233
|
|
||
|
|
|
|
||||
Adjustments from fair value to contract value for fully benefit-responsive investment contracts
|
(350,773
|
)
|
|
(1,050,928
|
)
|
||
|
|
|
|
||||
Net assets available for benefits
|
$
|
466,099,933
|
|
|
$
|
416,448,305
|
|
|
|
|
|
||||
|
|
|
|
||||
|
|
|
|
||||
|
|
|
|
||||
See notes to financial statements.
|
|
|
|
|
2013
|
|
2012
|
||||
Additions to net assets attributed to:
|
|
|
|
||||
Contributions:
|
|
|
|
||||
Participants
|
$
|
11,712,443
|
|
|
$
|
11,514,321
|
|
Participants' rollovers
|
1,844,975
|
|
|
338,960
|
|
||
Employer
|
10,765,187
|
|
|
11,062,038
|
|
||
Total contributions
|
24,322,605
|
|
|
22,915,319
|
|
||
|
|
|
|
||||
Investment Income:
|
|
|
|
||||
Dividends, interest and other:
|
|
|
|
||||
Applied Industrial Technologies, Inc. Stock Fund
|
2,252,419
|
|
|
2,341,051
|
|
||
Mutual funds
|
10,634,008
|
|
|
3,715,071
|
|
||
Common/collective trust funds
|
623,971
|
|
|
809,376
|
|
||
Total dividends, interest and other
|
13,510,398
|
|
|
6,865,498
|
|
||
|
|
|
|
||||
Net appreciation in fair value of investments:
|
|
|
|
||||
Applied Industrial Technologies, Inc. Stock Fund
|
17,865,242
|
|
|
19,144,118
|
|
||
Mutual funds
|
43,764,978
|
|
|
27,105,914
|
|
||
Total net appreciation in fair value of investments
|
61,630,220
|
|
|
46,250,032
|
|
||
|
|
|
|
||||
Total investment income
|
75,140,618
|
|
|
53,115,530
|
|
||
|
|
|
|
||||
Interest on participant notes receivable
|
378,649
|
|
|
414,392
|
|
||
|
|
|
|
||||
Total additions
|
99,841,872
|
|
|
76,445,241
|
|
||
|
|
|
|
||||
Deductions from net assets attributed to:
|
|
|
|
||||
Distributions to participants
|
(49,329,192
|
)
|
|
(50,787,419
|
)
|
||
Administrative expenses
|
(861,052
|
)
|
|
(680,563
|
)
|
||
Total deductions
|
(50,190,244
|
)
|
|
(51,467,982
|
)
|
||
|
|
|
|
||||
Net increase in net assets
|
49,651,628
|
|
|
24,977,259
|
|
||
|
|
|
|
||||
Net assets available for benefits:
|
|
|
|
||||
Beginning of year
|
416,448,305
|
|
|
391,471,046
|
|
||
End of year
|
$
|
466,099,933
|
|
|
$
|
416,448,305
|
|
|
|
|
|
||||
|
|
|
|
||||
See notes to financial statements.
|
|
|
|
Description of Investment
|
2013
|
|
2012
|
||||
At fair value:
|
|
|
|
||||
Applied Industrial Technologies, Inc. Common Stock (a portion of which is non-participant directed)
|
$
|
116,346,404
|
|
|
$
|
112,018,456
|
|
American Fundamental Investors Fund (Class A)
|
43,914,461
|
|
|
35,913,594
|
|
||
PIMCO Total Return Fund (Admin)
|
—
|
|
|
37,930,956
|
|
||
PIMCO Total Return Fund (Inst)
|
30,233,568
|
|
|
—
|
|
||
American EuroPacific Growth Fund (Class A)
|
31,463,769
|
|
|
27,487,683
|
|
||
AIT Large-Cap Growth Portfolio
|
34,119,879
|
|
|
26,231,193
|
|
||
T. Rowe Price Mid-Cap Growth Fund
|
26,299,646
|
|
|
20,723,375
|
|
||
|
|
|
|
||||
At contract value:
|
|
|
|
||||
Riversource Trust Income Fund II
|
59,320,069
|
|
|
60,783,493
|
|
|
|
|
|
Fair Value Measurements at 12/31/13
|
||||||||
|
|
Recorded Value
|
|
Quoted Prices in Active Markets for Identical Instruments
|
|
Significant Other Observable Inputs
|
||||||
|
|
December 31, 2013
|
|
Level 1
|
|
Level 2
|
||||||
Assets:
|
|
|
|
|
|
|
||||||
Applied Industrial Technologies, Inc. Stock Fund
|
|
$
|
116,346,404
|
|
|
$
|
116,346,404
|
|
|
|
||
Mutual Fund Investments:
|
|
|
|
|
|
|
||||||
Fixed income
|
|
40,172,813
|
|
|
40,172,813
|
|
|
|
||||
Balanced
|
|
12,685,733
|
|
|
12,685,733
|
|
|
|
||||
Retirement-year based
|
|
26,413,407
|
|
|
26,413,407
|
|
|
|
||||
Equity
|
|
202,362,171
|
|
|
202,362,171
|
|
|
|
||||
Common/Collective Trust Fund:
|
|
|
|
|
|
|
||||||
Stable value investment (A)
|
|
59,670,842
|
|
|
|
|
$
|
59,670,842
|
|
|||
Total
|
|
$
|
457,651,370
|
|
|
$
|
397,980,528
|
|
|
$
|
59,670,842
|
|
|
|
|
|
Fair Value Measurements at 12/31/12
|
||||||||
|
|
Recorded Value
|
|
Quoted Prices in Active Markets for Identical Instruments
|
|
Significant Other Observable Inputs
|
||||||
|
|
December 31, 2012
|
|
Level 1
|
|
Level 2
|
||||||
Assets:
|
|
|
|
|
|
|
||||||
Applied Industrial Technologies, Inc. Stock Fund
|
|
$
|
112,632,791
|
|
|
$
|
112,632,791
|
|
|
|
||
Mutual Fund Investments:
|
|
|
|
|
|
|
||||||
Fixed income
|
|
48,316,767
|
|
|
48,316,767
|
|
|
|
||||
Balanced
|
|
10,521,470
|
|
|
10,521,470
|
|
|
|
||||
Retirement-year based
|
|
16,874,272
|
|
|
16,874,272
|
|
|
|
||||
Equity
|
|
158,321,632
|
|
|
158,321,632
|
|
|
|
||||
Common/Collective Trust Fund:
|
|
|
|
|
|
|
||||||
Stable value investment (A)
|
|
61,834,421
|
|
|
|
|
$
|
61,834,421
|
|
|||
Total
|
|
$
|
408,501,353
|
|
|
$
|
346,666,932
|
|
|
$
|
61,834,421
|
|
|
|
|
|
|
|
|
(A)
|
This class represents investments in an actively managed common collective trust fund. The fund invests primarily in investment contracts and a variety of fixed income investments which may include corporate bonds, both U.S. and non-U.S. municipal securities and wrapper contracts. Investments are valued at the fair value per share multiplied by the number of shares held as of the measurement date.
|
|
2013
|
|
2012
|
||||
Net Assets:
|
|
|
|
||||
Applied Industrial Technologies, Inc. Common Stock
|
$
|
114,298,866
|
|
|
$
|
112,018,456
|
|
Wells Fargo Advantage Heritage Money Market Fund
|
2,047,538
|
|
|
614,335
|
|
||
Total Net Assets
|
$
|
116,346,404
|
|
|
$
|
112,632,791
|
|
|
|
|
|
||||
|
|
|
|
||||
Change in Net Assets:
|
|
|
|
||||
Contributions
|
$
|
4,892,333
|
|
|
$
|
5,575,502
|
|
Dividends
|
2,250,385
|
|
|
2,338,967
|
|
||
Interest
|
2,034
|
|
|
2,084
|
|
||
Net appreciation in fair value
|
17,865,242
|
|
|
19,144,118
|
|
||
Benefits paid to participants
|
(7,861,540
|
)
|
|
(8,194,444
|
)
|
||
Transfers to other participant-directed investments, net
|
(13,376,091
|
)
|
|
(10,339,160
|
)
|
||
Administrative expenses
|
(58,750
|
)
|
|
(55,491
|
)
|
||
Total Change in Net Assets
|
$
|
3,713,613
|
|
|
$
|
8,471,576
|
|
Participant Contributions Transferred Late to the Plan
|
Total that Constitute Nonexempt Prohibited Transactions
|
Total Fully Corrected Under VFCP and PTE 2002-51
|
||||||
Check here if Late Participation Loan Repayments are Included:
|
Contributions Not Corrected
|
Contributions Corrected Outside VFCP
|
Contributions Pending Correction in VFCP
|
|||||
Yes
|
N/A
|
$
|
205,474.33
|
|
N/A
|
$
|
205,474.33
|
|
|
||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
||||
|
Identity of Issuer, Borrower,
|
|
|
Current
|
||||
|
Lessor or Similar Party
|
Description of Investment
|
Cost
|
Value
|
||||
|
|
|
|
|
||||
*
|
Applied Industrial Technologies, Inc. Stock Fund:
|
|
|
|
||||
|
Applied Industrial Technologies, Inc.
|
Common Stock - 2,328,353 shares
|
$
|
53,196,276
|
|
$
|
114,298,866
|
|
|
Wells Fargo Advantage Heritage
|
Money Market Fund - 2,047,538 shares
|
2,047,538
|
|
2,047,538
|
|
||
|
Applied Industrial Technologies, Inc. Stock Fund Total
|
|
|
116,346,404
|
|
|||
|
|
|
|
|
||||
|
Common/Collective Trust Fund - at Contract Value
|
|
|
|
||||
|
Riversource Trust Income Fund II
|
Common Collective Trust - 1,897,028 shares
|
**
|
59,320,069
|
|
|||
|
|
|
|
|
||||
|
Fixed Income Funds
|
|
|
|
||||
|
PIMCO Total Return Fund (Inst)
|
Mutual Fund - 2,828,210 shares
|
**
|
30,233,568
|
|
|||
|
Western Asset Tr-Core Port Fund (Inst)
|
Mutual Fund - 841,596 shares
|
**
|
9,939,245
|
|
|||
|
Total Fixed Income Funds
|
|
|
40,172,813
|
|
|||
|
|
|
|
|
||||
|
Equity Funds
|
|
|
|
||||
|
American Fundamental Investors Fund (Class A)
|
Mutual Fund - 844,996 shares
|
**
|
43,914,461
|
|
|||
|
American EuroPacific Growth Fund (Class A)
|
Mutual Fund - 641,202 shares
|
**
|
31,463,769
|
|
|||
|
AIT Large-Cap Growth Portfolio:
|
|
|
|
||||
|
Vanguard Growth Index Fund
|
Mutual Fund - 241,212 shares
|
**
|
11,544,925
|
|
|||
|
JP Morgan Growth Advantage Fund
|
Mutual Fund - 811,061 shares
|
**
|
11,320,546
|
|
|||
|
Harbor Capital Appreciation Fund
|
Mutual Fund - 198,558 shares
|
**
|
11,254,408
|
|
|||
|
AIT Large-Cap Growth Portfolio Total
|
|
|
34,119,879
|
|
|||
|
T. Rowe Price Mid-Cap Growth Fund
|
Mutual Fund - 361,358 shares
|
**
|
26,299,646
|
|
|||
|
Prudential Jennison Small Company Fund
|
Mutual Fund - 553,053 shares
|
**
|
15,883,670
|
|
|||
|
American Washington Mutual Investors Fund A
|
Mutual Fund - 323,513 shares
|
**
|
12,756,125
|
|
|||
|
Vanguard 500 Index (Signal)
|
Mutual Fund - 60,994 shares
|
**
|
8,583,012
|
|
|||
|
American Beacon Sm Cap Value (Inst)
|
Mutual Fund - 350,303 shares
|
**
|
9,524,728
|
|
|||
|
Goldman Sachs Mid-Cap Value Fund (Inst)
|
Mutual Fund - 181,242 shares
|
**
|
8,052,603
|
|
|||
|
MFS Blended Research Core Equity R5
|
Mutual Fund - 248,700 shares
|
**
|
5,287,355
|
|
|||
|
Principal Mid Cap (Institutional)
|
Mutual Fund - 200,745 shares
|
**
|
4,113,273
|
|
|||
|
Janus Overseas Fund (Class I)
|
Mutual Fund - 63,969 shares
|
**
|
2,363,650
|
|
|||
|
Total Equity Funds
|
|
|
202,362,171
|
|
|||
|
|
|
|
|
||||
|
Retirement-Year Based Funds
|
|
|
|
||||
|
Vanguard Target Retirement Income
|
Mutual Fund - 108,406 shares
|
**
|
1,355,076
|
|
|||
|
Vanguard Target Retirement 2010
|
Mutual Fund - 8,915 shares
|
**
|
228,228
|
|
|||
|
Vanguard Target Retirement 2015
|
Mutual Fund - 270,354 shares
|
**
|
3,993,126
|
|
|||
|
Vanguard Target Retirement 2020
|
Mutual Fund - 251,647 shares
|
**
|
6,822,143
|
|
|||
|
|
|
|
|
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
||
|
Identity of Issuer, Borrower,
|
|
|
Current
|
||
|
Lessor or Similar Party
|
Description of Investment
|
Cost
|
Value
|
||
|
|
|
|
|
||
|
Retirement-Year Based Funds (Continued)
|
|
|
|
||
|
Vanguard Target Retirement 2025
|
Mutual Fund - 281,048 shares
|
**
|
4,426,498
|
|
|
|
Vanguard Target Retirement 2030
|
Mutual Fund - 119,933 shares
|
**
|
3,314,942
|
|
|
|
Vanguard Target Retirement 2035
|
Mutual Fund - 133,512 shares
|
**
|
2,267,025
|
|
|
|
Vanguard Target Retirement 2040
|
Mutual Fund - 66,087 shares
|
**
|
1,871,576
|
|
|
|
Vanguard Target Retirement 2045
|
Mutual Fund - 45,462 shares
|
**
|
807,408
|
|
|
|
Vanguard Target Retirement 2050
|
Mutual Fund - 42,394 shares
|
**
|
1,195,078
|
|
|
|
Vanguard Target Retirement 2055
|
Mutual Fund - 4,216 shares
|
**
|
127,941
|
|
|
|
Vanguard Target Retirement 2060
|
Mutual Fund - 163 shares
|
**
|
4,366
|
|
|
|
Total Retirement-Year Based Funds
|
|
|
14,014,834
|
|
|
|
|
|
|
|
||
|
Balanced Funds
|
|
|
|
||
|
BlackRock Global Allocation (I)
|
Mutual Fund - 591,961 shares
|
**
|
12,685,733
|
|
|
|
|
|
|
|
||
|
Total Investments
|
|
|
26,413,407
|
|
|
|
|
|
|
|
||
|
Notes Receivable From Participants
|
|
|
|
||
*
|
Participant notes receivable (with interest rates ranging from 4.25% to 10.90% and maturity dates ranging from January 2014 to April 2027)
|
|
**
|
8,779,723
|
|
|
|
|
|
|
|
||
|
Total
|
|
|
$
|
466,080,320
|
|
|
|
|
|
|
||
*
|
Represents a party-in-interest
|
|
|
|
||
**
|
Indicates a participant-directed fund. The cost disclosure is not required.
|
|
|
1 Year Applied Industrial Techn... Chart |
1 Month Applied Industrial Techn... Chart |
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