Enerpac Tool Group Corp. Files 2024 DEF 14A

Ticker: EPAC · Form: DEF 14A · Filed: Dec 18, 2024 · CIK: 6955

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

Enerpac's 2024 DEF 14A is out, detailing exec pay and board stuff. Vote wisely.

AI Summary

Enerpac Tool Group Corp. filed its DEF 14A on December 18, 2024, for the fiscal year ending August 31, 2024. The filing details executive compensation and corporate governance matters. Key individuals mentioned include Paul E. Sternlieb and Randal W. Baker, who are members of the board and involved in compensation decisions.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation, board structure, and voting matters, enabling informed participation in corporate governance.

Risk Assessment

Risk Level: low — This filing is a routine annual disclosure and does not present immediate financial risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation.

Who are the key individuals mentioned in relation to compensation decisions for Enerpac Tool Group Corp. in this filing?

Paul E. Sternlieb and Randal W. Baker are mentioned as members involved in compensation decisions, specifically related to stock and option awards.

What is Enerpac Tool Group Corp.'s fiscal year end?

Enerpac Tool Group Corp.'s fiscal year ends on August 31st.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on December 18, 2024.

What was Enerpac Tool Group Corp. formerly known as?

Enerpac Tool Group Corp. was formerly known as Actuant Corp. and prior to that, Applied Power Inc. and Applied Power Industries Inc.

Filing Stats: 4,624 words · 18 min read · ~15 pages · Grade level 12.7 · Accepted 2024-12-18 13:02:48

Key Financial Figures

Filing Documents

Executive Compensation (Compensation Discussion and Analysis) 21

Executive Compensation (Compensation Discussion and Analysis) 21 Executive Summary 21 Alignment of Compensation to Performance 22 Shareholder Engagement 22

Executive Compensation Practices 23

Executive Compensation Practices 23 Oversight of the Executive Compensation Program 23 Assessing Competitive Compensation Practices 24 Target Level Compensation Determination 25 Components of Executive Compensation 25 Stock Ownership Requirements 31 Anti-Hedging Policy 32 Compensation Clawback Policies 32 Changes for the Fiscal 2025 Executive Compensation Program 33 Talent Development and Compensation Committee Report 33 Summary Compensation Table 34 Grants of Plan-Based Awards 36 Outstanding Equity Awards at Fiscal Year-End 37 Equity Awards Vested in Fiscal 2024 38 Employee Deferred Compensation 38 Equity Compensation Plan Information 39 Senior Officer Severance Plan and Retirement Agreements 39 Change In Control Payments 41 CEO Pay Ratio 43 Pay Versus Performance 44 Non-Employee Director Compensation 48 Other Information 49 Delinquent Section 16(a) Reports 49 Independent Public Accountants 49 Shareholder Proposals 50 Householding of Annual Meeting Materials 50

Forward-Looking Statements 50

Forward-Looking Statements 50 Additional Matters 51 N86W12500 Westbrook Crossing Menomonee Falls, Wisconsin 53051 (262) 293-1500 PROXY STATEMENT This Proxy Statement and accompanying proxy are being first sent to shareholders on or about December 18, 2024. GENERAL INFORMATION This Proxy Statement and accompanying proxy are furnished to the shareholders of Enerpac Tool Group Corp. (the "Company," "Enerpac," "we," or "us") in connection with the solicitation of proxies by the Board of Directors of the Company (the "Board of Directors" or the "Board") for use at the virtual Annual Meeting of Shareholders on February 6, 2025 (the "Meeting"), and at any adjournment thereof. Accompanying this Proxy Statement is a Notice of Annual Meeting of Shareholders and a form of proxy for the Meeting. The Company's 2024 Annual Report to Shareholders (the "Annual Report"), which includes its Annual Report on Form 10-K for the fiscal year ended August 31, 2024 (without exhibits), accompanies this Proxy Statement and contains financial statements and certain other information concerning the Company. ACCESSING THE VIRTUAL ANNUAL MEETING This year, the Meeting will be held solely by means of remote communication, and there will be no in-person meeting location. The Meeting is open to all holders of our common stock as of the Record Date (as defined below). Shareholders will be able to attend and participate in the virtual meeting, including voting their shares and asking questions. To attend and participate in the Meeting, visit www.virtualshareholdermeeting.com/EPAC2025 and enter the 16-digit control number listed on your proxy card or voting instruction form. The Meeting will begin promptly at 8:00 a.m., Central Time, on February 6, 2025. We encourage you to access the virtual platform prior to the start time to familiarize yourself with the virtual platform and ensure that you can hear the streaming audio. You may log into the virtual platform beginning at 7:45 a.m., C

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on Read The Filing