Exhibit 1.01 Conflict Minerals Report
| I. | Introduction |
Arctic Cat Inc. (Arctic Cat) is a manufacturer of sport and recreational off-highway vehicles, such as snowmobiles and all-terrain vehicles, as well as related parts, lubricants, garments and accessories. Only certain goods that Arctic Cat manufactures require procurement of components that use tin, tantalum, tungsten, and/or gold (3TG) and would be considered Covered Products. While our Covered Products incorporate parts and/or assemblies fabricated from 3TG metals, Arctic Cat does not source 3TG directly from mines or from smelters or refiners. The materials, subassemblies and other items incorporated into our Covered Products that we have reason to believe may contain 3TG are acquired from a large number of unaffiliated suppliers.
| II. | Management Systems |
Arctic Cat’s Conflict Minerals Program includes the following established systems and controls.
| 1. | Conflict Minerals Policy which is communicated to the supply chain and available on the supplier portal. |
| 2. | Internal Conflict Minerals Team: a cross-functional team that provides oversight and guides the business team concerning the Conflict Minerals Program requirements. |
| 3. | An established grievance system that is located on the Arctic Cat Corporate website. |
| 4. | Records are maintained relating to Conflict Minerals including but not limited to risk assessments, supplier survey responses, and correspondence per applicable record retention policies. |
| 5. | Participation in Twin Cities Conflict Minerals Task Force. |
| 6. | Conflict Minerals Report which is publically available on Arctic Cat’s website. |
| III. | Reasonable Country of Origin Inquiry (RCOI) |
Arctic Cat identified and assessed the risk in the supply chain and made a good faith effort to perform its RCOI by expanding the scope of this review in 2014. The scope included 97% of Arctic Cat’s largest direct suppliers based upon spend. Within this supplier group, Arctic Cat identified those suppliers that provide components (including materials, subassemblies or other items) that possibly contain 3TG. The increased scope resulted in a larger number of suppliers to be considered as compared to last year.
Suppliers identified as possibly providing 3TG components to Arctic Cat were surveyed and were asked to provide answers to the Electronic Industry Citizenship Coalition-Global e-Sustainability Initiative (EICC-GeSI) Conflict Minerals Common Reporting Template. The EICC-GeSI Conflict Minerals Common Reporting Template is regarded as the most common reporting tool for conflict minerals content and sourcing information worldwide, developed by several of the world’s leading consumer electronics companies. At the time of this report, Arctic Cat has received responses from 54% of the direct suppliers surveyed. Although the percent response is down from last year, because of the increased scope of suppliers surveyed, the actual number of responses increased from last year. If suppliers did not provide a response, an escalation process was initiated and follow up requests were sent. Arctic Cat reviewed the responses received from suppliers for completeness and consistency and, in certain cases suppliers were required to provide corrections and clarifications to their initial responses.
As such, Arctic Cat believes the risk assessment and RCOI process were reasonably designed and performed in good faith.
| IV. | Design of Due Diligence Framework |
Arctic Cat designed its due diligence framework in conformity with nationally and internationally recognized due diligence frameworks, specifically, the five step framework of OECD (2013),OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas: Second Edition, OECD.
| V. | Due Diligence Measures Undertaken |
The design of our due diligence process conforms to Step 3 and (to the extent necessary at this time) Step 4 of the OECD Guidance as applicable to our circumstances and position in the supply chain as a “downstream” company with little to no direct influence on smelters/refiners.
Arctic Cat engaged with a third party service to assist with the comparison of smelters and refiners identified by suppliers to the CFSI lists of validated conflict free and verified facilities and the US Department of Commerce “Reporting Requirements Under Section 1502(d)(3)(C) of the Dodd-Frank Act World-Wide Conflict Mineral Processing Facilities” (http://www.ita.doc.gov/td/forestprod/DOCConflictMineralReport.pdf) and conducted supplemental research on smelters and refiners when necessary.
Additional due diligence measures performed include, but are not limited to, the following:
| • | Reporting to senior management on direct suppliers’ responses to our conflict minerals information requests, including updates on monitoring and tracking corrective action and risk mitigation efforts (where applicable); |
| • | Communicating our policy on Conflict Minerals to direct suppliers; |
| • | Continuing to provide awareness concerning the commitments and requirements expected of our suppliers with respect to Conflict Minerals in the supply chain, supported by email and phone dialogues; |
| • | Encouraging suppliers to develop policies on Conflict Minerals and to mitigate risk of inclusion of Conflict Minerals in the supply chain; |
| • | Developing a risk mitigation plan that allows for continued trade with a supplier during the supplier’s risk mitigation efforts; |
| • | Supporting the development and implementation of independent third party audits of smelter/refiner’s sourcing through our policy and procurement practices that encourage suppliers to purchase materials from audited smelters/refiners. |
| VI. | Facilities Used to Process 3TG & Countries of Origin |
Arctic Cat identified the following smelters/refiners that have achieved Conflict Free designation by the Conflict Free Smelter Initiative (CFSI) or an audit program with which CFSI has mutual recognition, are actively in the process of obtaining the designations, or for which we independently obtained country of origin information:
| Gold | Advanced Chemical Company | |
| Gold | Aida Chemical Industries Co. Ltd. | |
| Gold | Allgemeine Gold-und Silberscheideanstalt A.G. | |
| Gold | Almalyk Mining and Metallurgical Complex (AMMC) | |
| Gold | AngloGold Ashanti Córrego do Sítio Minerção | |
| Gold | Argor-Heraeus SA | |
| Gold | Asahi Pretec Corporation | |
| Gold | Asaka Riken Co Ltd | |
| Gold | Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | |
| Gold | Aurubis AG | |
| Gold | Baiyin Nonferrous Group Co.,Ltd. | |
| Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | |
| Gold | Bauer Walser AG | |
| Gold | BHP Billiton | |
| Gold | Boliden AB | |
| Gold | C. Hafner GmbH + Co. KG | |
| Gold | Caridad | |
| Gold | Cendres + Métaux SA | |
| Gold | Chimet S.p.A. | |
| Gold | China Gold International Resources Corp. Ltd. | |
| Gold | China National Gold Group Corporation | |
| Gold | China Nonferrous Metal Mining (Group) Co., Ltd. | |
| Gold | Chugai Mining | |
| Gold | Codelco | |
| Gold | Colt Refining | |
| Gold | Daejin Indus Co. Ltd | |
| Gold | Daye Non-Ferrous Metals Mining Ltd. | |
| Gold | Do Sung Corporation | |
| Gold | Doduco | |
| Gold | Dowa Mining Co., Ltd. | |
| Gold | Eco-System Recycling Co., Ltd. | |
| Gold | Eldorado Gold Corporation | |
| Gold | ESG Edelmetall-Service GmbH & Co. KG | |
| Gold | Faggi S.p.A. | |
| Gold | FSE Novosibirsk Refinery |
| Gold | Gansu Seemine Material Hi-Tech Co Ltd | |
| Gold | Guangdong Jinding Gold Limited | |
| Gold | Guangdong Mingfa Precious Metals Co., Ltd. | |
| Gold | Hangzhou Fuchunjiang Smelting Co., Ltd. | |
| Gold | Harmony Gold Mining Company Limited | |
| Gold | Heimerle + Meule GmbH | |
| Gold | Heraeus Ltd. Hong Kong | |
| Gold | Heraeus Precious Metals GmbH & Co. KG | |
| Gold | Hwasung CJ Co. Ltd | |
| Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited | |
| Gold | Japan Mint | |
| Gold | Johnson Matthey Inc | |
| Gold | Johnson Matthey Ltd | |
| Gold | JSC Ekaterinburg Non-Ferrous Metal Processing Plant | |
| Gold | JSC Uralelectromed | |
| Gold | JX Nippon Mining & Metals Co., Ltd. | |
| Gold | Kazakhmys plc | |
| Gold | Kazzinc Inc. | |
| Gold | Kennecott Utah Copper LLC | |
| Gold | Kojima Chemicals Co., Ltd | |
| Gold | Korea Metal Co. Ltd | |
| Gold | Kyrgyzaltyn JSC | |
| Gold | L’ azurde Company For Jewelry | |
| Gold | Lingbao Jinyuan Tonghui Refinery Co. Ltd. | |
| Gold | LS-NIKKO Copper Inc. | |
| Gold | Luoyang Zijin Yinhui Metal Smelt Co Ltd | |
| Gold | Materion | |
| Gold | Matsuda Sangyo Co., Ltd. | |
| Gold | Metalor Technologies (Hong Kong) Ltd | |
| Gold | Metalor Technologies (Singapore) Pte. Ltd. | |
| Gold | Metalor Technologies (Suzhou) Co Ltd | |
| Gold | Metalor Technologies SA | |
| Gold | Metalor USA Refining Corporation | |
| Gold | Met-Mex Peñoles, S.A. | |
| Gold | Mitsubishi Materials Corporation | |
| Gold | Mitsui Mining and Smelting Co., Ltd. | |
| Gold | Nadir Metal Rafineri San. Ve Tic. A.Ş. | |
| Gold | Navoi Mining and Metallurgical Combinat | |
| Gold | Nihon Material Co. LTD | |
| Gold | Ohio Precious Metals, LLC | |
| Gold | OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastvetmet) |
| Gold | PAMP SA | |
| Gold | Penglai Penggang Gold Industry Co Ltd | |
| Gold | Prioksky Plant of Non-Ferrous Metals | |
| Gold | PT Aneka Tambang (Persero) Tbk | |
| Gold | PX Précinox SA | |
| Gold | Rand Refinery (Pty) Ltd | |
| Gold | Royal Canadian Mint | |
| Gold | Sabin Metal Corp. | |
| Gold | SAMWON METALS Corp. | |
| Gold | SEMPSA Joyería Platería SA | |
| Gold | Shandong Zhaojin Gold & Silver Refinery Co. Ltd | |
| Gold | So Accurate Group, Inc. | |
| Gold | SOE Shyolkovsky Factory of Secondary Precious Metals | |
| Gold | Solar Applied Materials Technology Corp. | |
| Gold | Sumitomo Metal Mining Co., Ltd. | |
| Gold | Super Dragon Technology Co., Ltd. | |
| Gold | Tanaka Kikinzoku Kogyo K.K. | |
| Gold | The Great Wall Gold and Silver Refinery of China | |
| Gold | The Refinery of Shandong Gold Mining Co. Ltd | |
| Gold | Tokuriki Honten Co., Ltd | |
| Gold | Torecom | |
| Gold | Umicore Brasil Ltda | |
| Gold | Umicore Precious Metals Thailand | |
| Gold | United Precious Metal Refining, Inc. | |
| Gold | Valcambi SA | |
| Gold | Western Australian Mint trading as The Perth Mint | |
| Gold | Yamamoto Precious Metal Co., Ltd. | |
| Gold | Yokohama Metal Co Ltd | |
| Gold | Yunnan Copper Industry Co Ltd | |
| Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | |
| Gold | Zijin Mining Group Co. Ltd | |
| Tantalum | AMG Advanced Metallurgical Group | |
| Tantalum | Changsha South Tantalum Niobium Co., Ltd. | |
| Tantalum | Conghua Tantalum and Niobium Smeltry | |
| Tantalum | Duoluoshan Sapphire Rare Metal Co., Ltd. | |
| Tantalum | Ethiopian Minerals Development Share Company | |
| Tantalum | Exotech Inc. | |
| Tantalum | F&X Electro-Materials Ltd. | |
| Tantalum | Gannon & Scott | |
| Tantalum | Global Advanced Metals Aizu | |
| Tantalum | Guangdong Zhiyuan New Material Co., Ltd. |
| Tantalum | H.C. Starck Co., Ltd. | |
| Tantalum | H.C. Starck GmbH Goslar | |
| Tantalum | H.C. Starck Inc. | |
| Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. | |
| Tantalum | Hi-Temp Specialty Metals, Inc. | |
| Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. | |
| Tantalum | Jiujiang Tanbre Co., Ltd. | |
| Tantalum | KEMET Blue Metals | |
| Tantalum | Kemet Blue Powder | |
| Tantalum | King-Tan Tantalum Industry Ltd | |
| Tantalum | LSM Brasil S.A. | |
| Tantalum | Metallurgical Products India (Pvt.) Ltd. | |
| Tantalum | Mitsui Mining and Smelting Co., Ltd. | |
| Tantalum | Molycorp Silmet A.S. | |
| Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | |
| Tantalum | Plansee SE Liezen | |
| Tantalum | Plansee SE Reutte | |
| Tantalum | RFH Tantalum Smeltry Co., Ltd | |
| Tantalum | Taki Chemicals | |
| Tantalum | Telex | |
| Tantalum | Ulba | |
| Tantalum | Yichun Jin Yang Rare Metal Co., Ltd | |
| Tantalum | Zhuzhou Cement Carbide | |
| Tin | Alpha | |
| Tin | Chengfeng Metals Co Pte Ltd | |
| Tin | China Rare Metal Materials Company | |
| Tin | China Tin Group Co., Ltd. | |
| Tin | CNMC (Guangxi) PGMA Co. Ltd. | |
| Tin | Colonial Metals, Inc | |
| Tin | Complejo Metalurgico Vinto S.A. | |
| Tin | Cooper Santa | |
| Tin | CV Gita Pesona | |
| Tin | CV Makmur Jaya | |
| Tin | CV Nurjanah | |
| Tin | CV United Smelting | |
| Tin | EFD INC. | |
| Tin | Electroloy Metal Pte | |
| Tin | Empresa Metallurgica Vinto | |
| Tin | ESG Edelmetall-Service GmbH & Co. KG | |
| Tin | Feinhutte Halsbrucke GmbH | |
| Tin | Fenix Metals |
| Tin | Foshan Nanhai Tong Ding Metal Company. Ltd. | |
| Tin | Gejiu Kai Meng Industry and Trade LLC | |
| Tin | Gejiu Non-Ferrous Metal Processing Co. Ltd. | |
| Tin | Gejiu Zi-Li | |
| Tin | Gold Bell Group | |
| Tin | Heraeus Materials Technology GmbH & Co. KG | |
| Tin | Huichang Jinshunda Tin Co. Ltd | |
| Tin | Hyundai-Steel | |
| Tin | Japan New Metals Co., Ltd. | |
| Tin | Jean Goldschmidt International SA | |
| Tin | Jiangxi Nanshan | |
| Tin | Kai Unita Trade Limited Liability Company | |
| Tin | Kovohutě Příbram | |
| Tin | Linwu Xianggui Smelter Co | |
| Tin | Magnu’s Minerais Metais e Ligas LTDA | |
| Tin | Malaysia Smelting Corporation (MSC) | |
| Tin | Materials Eco-Refining CO.,LTD | |
| Tin | Melt Metais e Ligas S/A | |
| Tin | Metallo Chimique | |
| Tin | Mineração Taboca S.A. | |
| Tin | Minsur | |
| Tin | Mitsubishi Materials Corporation | |
| Tin | Nghe Tinh Non-Ferrous Metals Joint Stock Company | |
| Tin | O.M. Manufacturing (Thailand) Co., Ltd. | |
| Tin | O.M. Manufacturing Philippines, Inc. | |
| Tin | Poongsan Corporation | |
| Tin | POSCO | |
| Tin | PT Alam Lestari Kencana | |
| Tin | PT Bangka Putra Karya | |
| Tin | PT Bangka Timah Utama Sejahtera | |
| Tin | PT Bangka Tin Industry | |
| Tin | PT BilliTin Makmur Lestari | |
| Tin | PT Bukit Timah | |
| Tin | PT DS Jaya Abadi | |
| Tin | PT HP Metals Indonesia | |
| Tin | PT Justindo | |
| Tin | PT Koba Tin | |
| Tin | PT Mitra Stania Prima | |
| Tin | PT Pelat Timah Nusantara Tbk | |
| Tin | PT Refined Banka Tin | |
| Tin | PT Sariwiguna Binasentosa |
| Tin | PT Stanindo Inti Perkasa | |
| Tin | PT Sumber Jaya Indah | |
| Tin | PT Tambang Timah | |
| Tin | PT Timah (Persero), Tbk | |
| Tin | PT Tinindo Inter Nusa | |
| Tin | PT Yinchendo Mining Industry | |
| Tin | RUI DA HUNG | |
| Tin | Senju Metal Industry Co., Ltd. | |
| Tin | SGS | |
| Tin | Soft Metais, Ltda. | |
| Tin | Technic Inc. | |
| Tin | Thaisarco | |
| Tin | White Solder Metalurgia e Mineração Ltda. | |
| Tin | Xianghualing Tin Co., Ltd. | |
| Tin | Yunnan Chengfeng Non-ferrous Metals Co.,Ltd. | |
| Tungsten | A.L.M.T. Corp. | |
| Tungsten | Beijing Tian-Long Tungsten & Molybdenum Co., Ltd. | |
| Tungsten | Chenzhou Diamond Tungsten Products Co., Ltd. | |
| Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. | |
| Tungsten | Fujian Jinxin Tungsten Co., Ltd. | |
| Tungsten | Ganzhou Huaxing Tungsten Products Co., Ltd. | |
| Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | |
| Tungsten | Ganzhou Non-ferrous Metals Smelting Co., Ltd. | |
| Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | |
| Tungsten | Global Tungsten & Powders Corp. | |
| Tungsten | Golden Egret Special Alloy Co. Ltd | |
| Tungsten | Guangdong Xianglu Tungsten Industry Co., Ltd. | |
| Tungsten | H.C. Starck GmbH | |
| Tungsten | Hunan Chenzhou Mining Group Co., Ltd. | |
| Tungsten | Hunan Chun-Chang Nonferrous Smelting & Concentrating Co., Ltd. | |
| Tungsten | Japan New Metals Co., Ltd. | |
| Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. | |
| Tungsten | Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. | |
| Tungsten | Jiangxi Rare Earth & Rare Metals Tungsten Group Corp | |
| Tungsten | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | |
| Tungsten | Jiangxi Tungsten Industry Group Co Ltd | |
| Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | |
| Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. | |
| Tungsten | Kennametal Fallon | |
| Tungsten | Kennametal Huntsville | |
| Tungsten | Malipo Haiyu Tungsten Co., Ltd. |
| Tungsten | North American Tungsten | |
| Tungsten | Tamano Smelter, Hibi Kyodo Smelting Co., Ltd | |
| Tungsten | Tejing (Vietnam) Tungsten Co., Ltd. | |
| Tungsten | Voss Metals Company, Inc. | |
| Tungsten | Wolfram Bergbau und Hütten AG | |
| Tungsten | Wolfram Company CJSC | |
| Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | |
| Tungsten | Xiamen Tungsten Co., Ltd. | |
| Tungsten | Xinhai Rendan Shaoguan Tungsten Co., Ltd. |
Countries of origin identified for facilities listed above:
Argentina, Armenia, Australia, Austria, Belarus, Belgium, Bermuda, Bolivia, Burundi, Brazil, Canada, Chile, China, Democratic Republic of Congo, Estonia, Ethiopia, France, Germany, Ghana, Greece, Guinea, Guyana, Hong Kong, Indonesia, India, Italy, Japan, Kazakhstan, Kyrgyzstan, Laos, Malaysia, Mali, Mexico, Mongolia, Morocco, Mozambique, Myanmar, Namibia, Niger, Nigeria, Netherland, Papua New Guinea, Peru, Philippines, Poland, Portugal, Romania, Rwanda, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sierra Leone, Suriname, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Uzbekistan, Vietnam, Zambia, Zimbabwe.
The following facilities were validated as smelters/refiners used by our suppliers, but country of origin information was not available. We continue to engage with our suppliers to determine the source of 3TG processed at the following facilities and to engage in efforts to determine the mine or location of origin of the 3TG used with greater specificity.
| Gold | CCR Refinery – Glencore Canada Corporation | |
| Gold | Heraeus Materials Technology GmbH & Co. KG | |
| Gold | Hunan Chenzhou Mining Group Co., Ltd. | |
| Gold | Ishifuku Metal Industry Co., Ltd. | |
| Gold | Schöne Edelmetaal B.V. | |
| Gold | Shandong Gold Mining Co., Ltd. | |
| Gold | Sichuan Tianze Precious Metals Co., Ltd | |
| Gold | Umicore SA Business Unit Precious Metals Refining | |
| Tantalum | H.C. Starck Smelting GmbH & Co.KG | |
| Tantalum | Jiangxi Dinghai Tantalum & Niobium Co., LTD | |
| Tantalum | Solikamsk Metal Works | |
| Tin | CV Gita Pesona | |
| Tin | EFD INC. | |
| Tin | ESG Edelmetall-Service GmbH & Co. KG | |
| Tin | Japan New Metals Co., Ltd. | |
| Tin, | ||
| Tantalum, | ||
| Tungsten* | JX Nippon Mining & Metals Co., Ltd.* | |
| Tin* | Mitsui Mining and Smelting Co., Ltd.* |
| Tin | OMSA | |
| Tin | PT ATD Makmur Mandiri Jaya | |
| Tin | PT Fang Di MulTindo | |
| Tin | PT Inti Stania Prima | |
| Tin | PT Karimun Mining | |
| Tin | PT Panca Mega Persada | |
| Tin | PT Seirama Tin investment | |
| Tin | PT Tommy Utama | |
| Tin | TongLing Nonferrous Metals Group Holdings Co., Ltd. | |
| Tin | Umicore SA Business Unit Precious Metals Refining | |
| Tin | VQB Mineral and Trading Group JSC | |
| Tin (Sn) | Yunnan Tin Company Limited | |
| Tungsten | ABS Industrial Resources Ltd | |
| Tungsten | ATI Metalworking Products | |
| Tungsten | Ganxian Shirui New Material Co., Ltd. | |
| Tungsten | Jiangxi Richsea New Materials Co., Ltd. | |
| Tungsten | Sumitomo Metal Mining Co., Ltd. |
| * | Facility has obtained a conflict free audit for a metal other than the one(s) listed. |
Pursuant to our RCOI, some suppliers disclosed to us that recycled or scrap sources of 3TG were identified in their supply chains and do not require due diligence. As such, countries of origin of these recycled or scrap sources may not be included in the foregoing list.
| VII. | Product Determination |
Based on inconclusive data obtained from direct suppliers for the 2014 Reporting Period, Arctic Cat does not have sufficient information to make a definitive determination of the country of origin of all 3TG necessary to functionality or production of the Covered Products. Material source information is still developing. However, Arctic Cat received no information from our RCOI or due diligence processes indicating that the tin, tantalum, tungsten or gold necessary to functionality or production of the Covered Products directly or indirectly financed or benefitted armed groups in the DRC or adjoining countries. The DRC was only identified by suppliers as a country of origin of 3TG processed at facilities achieving Conflict Free designation.
| VIII. | Independent Private Sector Audit (IPSA) |
Not required for calendar year 2014.
