Enerpac Tool Group Shareholders Re-Elect Directors, Approve EY Auditor and Say-on-Pay at AGM

Key Points

• At Enerpac Tool Group’s Feb. 4, 2026 annual meeting, shareholders re-elected all eight board nominees (including CEO Paul Sternlieb) to serve until the 2027 annual meeting.
• Shareholders ratified Ernst & Young LLP as the company’s independent auditor for the fiscal year ending Aug. 31, 2026.
• The non-binding advisory say-on-pay vote approving fiscal 2025 executive compensation was approved, with votes in favor exceeding votes against.

Enerpac Tool Group NYSE: EPAC held its 2026 Annual Meeting of Shareholders on February 4, 2026, with Chairman Jim Ferland presiding and outlining three items of business for shareholder votes: the election of directors, ratification of the company’s independent auditor, and an advisory vote on executive compensation.

Meeting attendance and quorum

Ferland opened the meeting by introducing directors in attendance: Palmer Clarkson, Danny Cunningham, Colleen Healy, Richard Holder, Lynn Minella, Sidney Simmons, and Paul Sternlieb, the company’s chief executive officer and a board member. Ferland also recognized retiring directors Alfredo Altavilla and Judy Altmaier, thanking them for their service.

Ernst & Young LLP audit partner Leslie Plamann was introduced as a representative of the company’s external audit firm, which audited Enerpac’s financial statements for the fiscal year ended August 31, 2025.

Inspector of Election Ben Topercer reported that 52,773,605 shares of Class A common stock were outstanding and entitled to vote as of the record date, December 1, 2025. According to the report, at least 50,579,599 shares—representing 95.84% of shares outstanding—were represented at the meeting in person or by proxy. Ferland declared a quorum present and opened the polls for voting.

Director elections

The first proposal was the election of eight directors to terms expiring at the company’s 2027 annual meeting, and until their successors are elected and qualified. The board nominated eight current directors:

• Palmer Clarkson
• Danny Cunningham
• James Ferland
• Colleen Healy
• Richard Holder
• Lynn Minella
• Sidney Simmons
• Paul Sternlieb

The board recommended shareholders vote “for” all nominees. After voting closed, the Inspector of Election reported that a plurality of shares represented at the meeting were voted in favor of each of the eight nominees. Each was duly elected.

Auditor ratification

The second proposal asked shareholders to ratify the appointment of Ernst & Young LLP as Enerpac’s independent public accounting firm for the fiscal year ending August 31, 2026. The board recommended a vote in favor of ratification.

Voting results showed that the number of votes cast for ratification exceeded votes cast against the proposal, and the appointment was approved.

Advisory vote on executive compensation

The third item was a non-binding advisory vote on the fiscal year 2025 compensation of Enerpac’s named executive officers, as described in the company’s proxy statement. The board recommended shareholders vote “for” the proposal.

According to the Inspector of Election’s report, votes cast in favor exceeded votes cast against, and the advisory proposal was approved.

Next steps and meeting close

Ferland closed the polls at 3:05 p.m. Eastern Time and said the company would report the final tally of votes on a Form 8-K filing with the Securities and Exchange Commission and post the results to its website.

With no additional matters submitted for a vote under the advance notice provisions of the company’s bylaws, and with no shareholder questions received, Ferland adjourned the meeting and thanked shareholders for their attendance and continued interest in the company.

About Enerpac Tool Group NYSE: EPAC

Enerpac Tool Group Corp. NYSE: EPAC is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company's products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac's core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.

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