ENERPAC TOOL GROUP: Leadership Changes & Comp Arrangements Reported

TL;DR

**ENERPAC TOOL GROUP just reported executive changes and compensation details.**

AI Summary

ENERPAC TOOL GROUP CORP. filed an 8-K on February 8, 2024, reporting an event that occurred on February 6, 2024, related to the departure or election of directors or officers and their compensatory arrangements. This filing also includes Regulation FD Disclosure and Financial Statements and Exhibits. This matters to investors because changes in leadership and executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Why It Matters

Changes in executive leadership and compensation can directly influence a company's strategic direction and operational efficiency, which are key drivers of long-term stock value.

Risk Assessment

Risk Level: medium — Changes in leadership can introduce uncertainty, but the specific details of the changes and compensation are not fully disclosed in this summary, making the exact impact unclear.

Analyst Insight

A smart investor would monitor subsequent filings or press releases from ENERPAC TOOL GROUP CORP. for specific details regarding the leadership changes and compensatory arrangements to assess their potential impact on the company's future performance and strategic direction.

Key Players & Entities

• ENERPAC TOOL GROUP CORP. (company) — the registrant filing the 8-K
• February 6, 2024 (date) — date of the earliest event reported
• February 8, 2024 (date) — date the 8-K was filed
• Wisconsin (company) — state of incorporation for ENERPAC TOOL GROUP CORP.
• 001-11288 (company) — Commission File Number for ENERPAC TOOL GROUP CORP.
• 39-0168610 (company) — I.R.S. Employer Identification Number for ENERPAC TOOL GROUP CORP.
• N86 W12500 WESTBROOK CROSSING MENOMONEE FALLS , Wisconsin 53051 (company) — principal executive offices address for ENERPAC TOOL GROUP CORP.
• (262) 293-1500 (company) — telephone number for ENERPAC TOOL GROUP CORP.

FAQ

Key Financial Figures

• $0.20 — stered Class A Common Stock, par value $0.20 per share EPAC New York Stock Excha
• $150,000 — grant date fair value of approximately $150,000 and $100,000 respectively. The restrict
• $100,000 — air value of approximately $150,000 and $100,000 respectively. The restricted stock unit

Filing Documents

• a53894055.htm (8-K) — 29KB
• a53894055ex99_1.htm (EX-99.1) — 5KB
• 0001157523-24-000206.txt ( ) — 171KB
• epac-20240206.xsd (EX-101.SCH) — 4KB
• epac-20240206_lab.xml (EX-101.LAB) — 22KB
• epac-20240206_pre.xml (EX-101.PRE) — 16KB
• a53894055_htm.xml (XML) — 4KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 6, 2024, Anthony P. Colucci, Executive Vice President, Chief Financial Officer, and Principal Accounting Officer of Enerpac Tool Group Corp. (the "Company"), notified the Company of his decision to resign from his positions with the Company effective March 1, 2024, to assume an executive role at a private equity firm. Mr. Colucci's decision does not reflect any disagreement with, or the existence of any irregularities in, the Company's operations, policies, accounting principles, practices, financial statements, or disclosures. On February 7, 2024, the Company's Board of Directors appointed P. Shannon Burns as the Company's Interim Principal Financial Officer and Patrick Dawson as the Company's Interim Principal Accounting Officer, both of which appointments are effective on March 1, 2024. The Company intends to appoint a Chief Financial Officer successor at a later date. Mr. Burns, age 53, has served as Head of Financial Planning, Operations, and Decision Support since joining the Company in November 2022. Prior to joining the Company, Mr. Burns was with Harley-Davidson Motor Company, holding various positions in Finance and Investor Relations from August 2011 through November 2022. From June 2007 to August 2011, Mr. Burns was with MillerCoors Brewing Company, serving as a Manager, following ten years with Ernst & Young and seven years with American Express Financial Advisors. Mr. Burns holds a Bachelor's degree in Accounting from the University of Wisconsin-Oshkosh and is a graduate of Marquette University's Executive MBA program. Mr. Dawson, age 45, has served as Corporate Controller since joining the Company in November 2022, after serving as the Director of Accounting of INNIO Group, from November 2020 to November 2022. Mr. Dawson served as Controller of EPIC Systems Corporation from Octo

01

Item 7.01 Regulation FD Disclosure On February 8, 2024, 2022, the Company issued a press release, which is furnished as Exhibit 99.1 hereto and is incorporated by reference herein. The information set forth in this Item 7.01 and in Exhibit 99.1 is "furnished" under Item 7.01 of Form 8-K. Such information shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

01

Item 9.01 Exhibits (d) Exhibits Exhibit No. Description 99.1 Press release dated February 8, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

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: February 8, 2024 ENERPAC TOOL GROUP CORP. By: /s/ James Denis James Denis Executive Vice President, General Counsel and Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR