On Thursday, Enerpac Tool Group Corp. (NYSE:EPAC), a company with a market capitalization of $2.47 billion and an impressive one-year stock return of 45.91%, held its 2025 Annual Meeting of Shareholders, where several key resolutions were passed. According to InvestingPro analysis, the company is currently trading near its Fair Value. Shareholders voted to elect a slate of directors to serve until the next annual meeting, with each nominee receiving a majority of votes in favor and minimal withholdings. The elected board members include Alfredo Altavilla, Judy L. Altmaier, J. Palmer Clarkson, Danny L. Cunningham, E. James Ferland, Colleen M. Healy, Richard D. Holder, Lynn C. Minella, Sidney S. Simmons, and Paul E. Sternlieb.
In addition to board elections, shareholders ratified the appointment of Ernst & Young LLP as the company’s independent auditor for the fiscal year 2025. The decision was made with an overwhelming majority of votes in favor and a negligible number of abstentions and votes against.
Furthermore, an advisory vote on the compensation of the company’s named executive officers was also conducted, with a significant majority approving the compensation packages.
Enerpac Tool Group, based in Menomonee Falls, Wisconsin, is recognized for its specialization in high-pressure hydraulic tools and controlled force products for industrial applications. The company, formerly known as Actuant Corp , has undergone several name changes in its history, reflecting its evolving business focus. InvestingPro data reveals the company maintains impressive gross profit margins of 51% and operates with a healthy current ratio of 2.92, indicating strong financial management. Discover 6 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.
The voting results from the Annual Meeting affirm shareholders’ confidence in both the management team and the external auditor’s role in the company’s financial oversight. This information is based on a press release statement. InvestingPro’s Financial Health Score rates EPAC as "GREAT" with an overall score of 3.01, supporting the shareholders’ confidence in management’s performance.
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