EPAC Files 8-K on Shareholder Vote Submission

Ticker: EPAC · Form: 8-K · Filed: Jan 30, 2024 · CIK: 6955

Complexity: simple

Sentiment: neutral

Topics: corporate-governance, shareholder-vote, 8-K

TL;DR

**EPAC just filed an 8-K about a shareholder vote, signaling routine corporate governance.**

AI Summary

ENERPAC TOOL GROUP CORP. (EPAC) filed an 8-K on January 30, 2024, reporting an event that occurred on January 25, 2024, related to the submission of matters to a vote of security holders. This filing indicates that the company held its annual meeting or a special meeting where shareholders voted on various proposals, which is a routine corporate governance event. For investors, this matters because the outcomes of these votes, though not detailed in this specific filing, can impact the company's future direction, executive compensation, and board composition, all of which influence stock performance.

Why It Matters

This filing signals that ENERPAC TOOL GROUP CORP. has completed a shareholder vote, a key part of corporate governance that can influence company strategy and leadership. While the specific results aren't here, the fact that a vote occurred is important for transparency.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure about a shareholder vote, not indicating any immediate financial or operational risk.

Analyst Insight

A smart investor would monitor future 8-K filings from ENERPAC TOOL GROUP CORP. for the specific results of the shareholder vote, as these details could impact governance, executive compensation, or strategic direction, which are important for long-term valuation.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 25, 2024, and per Item 5.07, it was the "Submission of Matters to a Vote of Security Holders."

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on January 30, 2024, as indicated by the 'FILED AS OF DATE' and 'DATE AS OF CHANGE' in the header.

What is the trading symbol and exchange for ENERPAC TOOL GROUP CORP.'s Class A Common Stock?

The trading symbol for ENERPAC TOOL GROUP CORP.'s Class A Common Stock is EPAC, and it is registered on the New York Stock Exchange.

What is the state of incorporation for ENERPAC TOOL GROUP CORP.?

ENERPAC TOOL GROUP CORP. is incorporated in Wisconsin, as stated in the filing.

What is the par value of ENERPAC TOOL GROUP CORP.'s Class A Common Stock?

The par value of ENERPAC TOOL GROUP CORP.'s Class A Common Stock is $0.20 per share.

Filing Stats: 698 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-01-30 16:33:34

Key Financial Figures

Filing Documents

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. The 2024 Annual Meeting of the Shareholders (the "Annual Meeting") of Enerpac Tool Group Corp. (the "Company") was held January 25, 2024. At the Annual Meeting, shareholders elected the following directors to serve until the Company's next annual meeting and until their successors are elected and qualified: Shares Voted in Favor of Shares Withholding Authority Broker Non-Votes Alfredo Altavilla 49,429,216 1,416,070 1,197,678 Judy L. Altmaier 49,445,571 1,399,715 1,197,678 J. Palmer Clarkson 49,366,238 1,479,048 1,197,678 Danny L. Cunningham 50,567,311 277,975 1,197,678 E. James Ferland 50,246,300 598,986 1,197,678 Colleen M. Healy 50,676,939 168,347 1,197,678 Richard D. Holder 49,245,459 1,599,827 1,197,678 Lynn C. Minella 49,382,660 1,462,626 1,197,678 Sidney S. Simmons 50,550,887 294,399 1,197,678 Paul E. Sternlieb 50,627,776 217,510 1,197,678 The following reflects the voting results regarding (i) the ratification of Ernst & Young LLP as the Company's independent auditor for fiscal year 2024 and (ii) the advisory vote on the compensation of the Company's named executive officers: Shares Voted in Favor of Shares Voted Against Abstentions Broker Non-Votes Ratification of Ernst & Young LLP as the Company's independent auditor 51,984,570 40,467 17,927 — Advisory vote on the compensation of the Company's named executive officers 36,214,125 14,610,614 20,547 1,197,678 As a result, all such matters were approved by the respective requisite votes of the shareholders. In addition, the final matter brought for a shareholder vote at the Annual Meeting was an advisory vote regarding the frequency of future advisory votes on the compensation of the Company's named executive officers. The following reflects the voting results for such matter: Every One Year Every Two Years Every Three Years Abstain 49,210,929 26,114 1,586,052 22,191 Consistent with the results of this advisory vote on t

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 30, 2024 ENERPAC TOOL GROUP CORP. By: /s/ James Denis James Denis Executive Vice President, General Counsel and Secretary

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