secwatch.observer — SEC 8-K summary
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Issuer:     ENERPAC TOOL GROUP CORP (EPAC)
CIK:        0000006955
Form:       8-K
Filed at:   2021-09-29T23:59:59+00:00
Accession:  0001157523-21-001171
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enerpac appoints Paul Sternlieb as CEO; Randy Baker retires effective Oct 8, 2021
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- Paul Sternlieb appointed President, CEO and Board member effective Oct 8, 2021; succeeds Randy Baker.
- Sternlieb previously EVP at John Bean Technologies (JBT), President of Protein; also held senior roles at ITW, Danaher.
- Sternlieb compensation: $750k base salary, 100% target bonus, $2.1M equity awards, $415k signing bonus, $2.9M time-vesting RSUs.
- Baker to remain as advisor through Dec 31, 2021; receives base salary, full FY2021 bonus, accelerated vesting of equity.
- Sternlieb eligible for change-in-control agreement (2.99x multiple) and enhanced severance plan benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6955/000115752321001171/0001157523-21-001171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6955/000115752321001171/a52500091.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001171

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer