John M. Lutz
appointed John M. Lutz, 64, to the Board, filling the vacancy.
Highest-materiality recent filing
ePlus appoints John Lutz to Board of Directors, increasing board to nine
John M. Lutz, 64, appointed to ePlus Board effective July 6, 2026; board size increased from 8 to 9.
Q4 net sales $576.2M (+20.6%), net earnings from cont. ops $20.5M (+51.7%), diluted EPS $0.78 (+52.9%).
Bylaws now require company to notify stockholders of nomination deficiencies and allow cure if submitted early enough.
ePlus Q3 net sales up 24.6% to $614.8M, EPS $1.27; raises FY2026 guidance; declares $0.25 dividend
Net sales $614.8M (+24.6% YoY); diluted GAAP EPS $1.27 (+130.9%); non-GAAP EPS $1.45 (+104.2%).
ePlus recasts FY2025 10-K to show sold domestic financing as discontinued operations
Sale of Expo Holdings LLC to Marlin Leasing (PEAC Solutions) closed June 30, 2025; earlier disclosed.
ePlus appoints Michael Portegello to Board of Directors, expands to 8 members
Michael J. Portegello, 61, appointed to ePlus Board effective Jan 6, 2026; board size increased from 7 to 8.
ePlus Q2 revenue +23%, EPS $1.45 (+96% YoY); raises FY guidance; declares $0.25 dividend
Q2 net sales $608.8M (+23.4% YoY); gross profit $162.1M (+27.4%); net earnings from continuing ops $38.2M (+92.7%).
ePlus inc. shareholders elect directors and approve key proposals at 2025 annual meeting
All eight director nominees elected; Melissa J. Ballenger received 23,182,725 votes for, 181,450 against, 11,230 abstain.
ePlus provides supplemental pro forma financials after sale of financing business
Pro forma FY2025 continuing ops net earnings $79.8M ($2.99 diluted EPS) vs. as-reported $108.0M ($4.05).
ePlus Q1 FY2026 net sales up 19% to $637M; initiates $0.25 quarterly dividend and new buyback
Net sales $637.3M (+19% YoY); net earnings from continuing ops $27.1M (+12.1%); diluted EPS $1.03 (+14.4%).
ePlus director Ben Xiang resigns from board, effective July 18, 2025
Ben Xiang resigned from ePlus Board of Directors effective July 18, 2025.
ePlus completes sale of financing business to Marlin Leasing; pro forma EPS $2.99 for FY2025
Initial cash consideration of approx. $180.1M; subject to post-closing book value adjustments.
ePlus closes sale of financing business to PEAC Solutions for ~$180M cash
Cash consideration of approximately $180M, subject to post-closing adjustments and earn-out.
ePlus sells financing business to PEAC Solutions for ~$180M cash; shifts to pure-play tech services
Initial cash consideration ~$180M; potential holdback premium up to $2.956M and earn-outs (lease origination capped at $10M, transaction gains uncapped).
ePlus Q4 EPS $0.95 (+15.9% YoY); gross margin 29.3% vs 23.5%; service rev +33%
Q4 net sales $498.1M (-10.2% YoY); Technology gross billings $789M (-5.4%).
ePlus Q3 net earnings down 11.5%, adj EBITDA down 15.2%; guides FY25 sales $2.07-$2.11B
Net sales $511M (+0.4%); technology billings +6.6% to $849.5M; product sales down 9.5%.
ePlus expands board to eight, appoints former CFO Melissa Ballenger as independent director
Board increased from 7 to 8 members; Melissa Ballenger appointed effective January 3, 2025.
ePlus Q2 FY2025: net sales -12.3% to $515.2M, EPS $1.17; guides FY25 EBITDA $195-205M
Consolidated net sales $515.2M (-12.3% YoY); technology business net sales $493.3M (-13.8%); service revenues +46% to $103.7M.
Shareholders approve ePlus 2024 Non-Employee Director Long-Term Incentive Plan
Approved with ~95% of votes cast (22.6M for, 1.1M against); broker non-votes 941,413.
ePlus Q1 FY2025 net sales fall 5.2% to $544.5M; diluted EPS $1.02 vs $1.27 prior year
Net sales $544.5M, down 5.2% YoY; technology segment net sales $535.5M (-5.3%) on lower product sales.
ePlus Q4 net sales up 12.7% but net earnings down 33%; repurchases up to 1.25M shares
Q4 net sales $554.5M (+12.7% YoY); net earnings $22.0M (-33.1%); diluted EPS $0.82 vs $1.23.
ePlus amends bylaws to comply with universal proxy rules and make other updates
Board approved amended bylaws effective March 26, 2024, updating stockholder nomination procedures for Rule 14a-19 universal proxy rules.
ePlus director Eric Hovde resigns to run for U.S. Senate
Eric Hovde notified board of resignation effective Feb 20, 2024.
ePlus Q3 FY2024: Net sales down 18% to $509M; GAAP EPS $1.02 vs $1.34; guides to low end of FY range
Net sales $509.1M, down 18.4% YoY; technology business net sales $494.2M, down 19.2%.
ePlus grants cash performance awards and first-ever performance stock units to top executives
CEO Marron gets $275K Cash Performance Award target; CFO Marion and COO Raiguel get $150K each.
ePlus Q2 net sales up 19% to $587.6M; diluted EPS $1.22 (+14% YoY); guidance maintained
Technology business net sales +21.3% to $571.9M; gross billings +7.4% to $856.5M.
ePlus recasts FY2023 financials to reflect technology segment split into three new segments
During Q1 FY2024, ePlus split its technology segment into product, professional services, and managed services.
ePlus shareholders approve officer exculpation charter amendment; re-elect all directors
Amendment to limit officer liability under Delaware law approved: 20,260,870 for, 3,580,009 against.
ePlus Q1 FY2024 EPS $1.27 (+51.2% YoY), sales $574.2M (+25.3%)
Net sales up 25.3% to $574.2M; tech business sales +26.0% to $565.7M.
ePlus splits technology segment into product, professional, and managed services for reporting
New segments effective Q1 FY2024 (quarter ended June 30, 2023): product, professional services, managed services, plus financing.
ePlus Q4 net sales up 9% to $492M, diluted EPS $1.23 (+35%); FY23 revenue up 13.5% to $2.07B
Q4 net sales $492.2M (+9.0% YoY), technology segment net sales $483.2M (+15.2%), service revenues $68.7M (+11.5%).
ePlus expands credit facility to $500M; ups revolver to $200M
Floorplan facility increased from $425M to $500M; revolver sublimit raised from $150M to $200M.
ePlus Q3 net sales up 26% to $623.5M; diluted EPS $1.34, +36.7% YoY
Technology segment net sales $611.8M (+28.3% YoY); service revenue $67.5M (+7.9%).
ePlus Board adopts annual shareholder advisory vote on executive compensation following vote
Shareholders voted at Sep 15, 2022 annual meeting on frequency of say-on-pay advisory votes.
ePlus Q2 net sales up 7.8% to $493.7M; diluted EPS down 8.5% to $1.07
Net sales $493.7M (+7.8% YoY); technology segment net sales $471.5M (+8.1%).
ePlus appoints Renée Bergeron as independent director; board expands to nine
Renée Bergeron, COO of AppDirect, appointed to ePlus board effective Oct 13, 2022, filling newly created vacancy.
ePlus shareholders approve 2022 ESPP authorizing 2.5M shares at 15% discount
2.5M shares authorized for employee stock purchases; purchase price at 85% of lower of FMV on offering or purchase date.
ePlus Q1 revenue up 10% to $458.4M; GAAP EPS down 3.4%, non-GAAP up 1%
Net sales $458.4M (+10% YoY); technology segment net sales $448.8M (+12.1%).
ePlus sets FY2023 cash incentive targets for CEO, COO, CFO
CEO Marron maximum cash incentive $1.85M; COO Raiguel and CFO Marion max $1M each.
ePlus Q4 net sales $451.5M (+28.1%), diluted EPS $0.91 (+56.9%); FY sales $1.82B (+16.1%)
Q4 net sales $451.5M (+28.1% YoY); technology segment net sales $419.4M (+26.4%).
ePlus board authorizes repurchase of up to 1M shares over 12 months
May repurchase up to 1,000,000 shares of common stock from May 28, 2022 through May 27, 2023.
ePlus amends bylaws to allow stockholder written consent without board approval
Board approved amendment to Bylaws effective March 2, 2022, removing requirement that stockholder written consent must be approved by board.
ePlus amends bylaws to widen advance notice window for stockholder proposals
Bylaw Section 2.8(A) revised: stockholder proposals must be submitted not more than 120 days nor later than 90 days before annual meeting anniversary.
ePlus Q3 FY2022 net sales up 15.7% to $494.8M; EPS $0.98, adjusted EPS $1.10
Net sales increased 15.7% to $494.8M; technology segment net sales up 14.8% to $477.0M.
ePlus Q2 net earnings +58%; EPS $2.34; announces 2-for-1 stock split
Net sales $458.0M (+5.8% YoY); tech segment net sales $436.3M (+4.0%).
ePlus enters $375M credit facility, up from $275M; Wells Fargo CDF agent
New senior secured floorplan facility up to $375M for ePlus subsidiaries; revolver sublimit of $100M.
ePlus shareholders approve 2021 Long-Term Incentive Plan authorizing 1.5M shares
Shareholders approved the 2021 Employee Long-Term Incentive Plan at Sept 16 annual meeting; plan replaces 2012 plan.
Removed bylaw provision requiring board pre-approval for acquisitions ≥$5M, investments ≥$10M, and credit exposure ≥$30M.
ePlus Q1 net sales $416.6M (+17.4%), diluted EPS $1.75 (+34.6%)
Net sales rose 17.4% to $416.6M; Technology segment sales up 17.3% to $400.4M.
ePlus sets FY2022 cash incentive plan metrics for CEO, COO, CFO with max payouts up to $1.75M
Performance goals: net sales (20%), financing segment operating income (20%), EBT (30%), services gross profit (30%).
appointed John M. Lutz, 64, to the Board, filling the vacancy.
appointed Melissa J. Ballenger, 54, to the Board, filling the vacancy.
Mr. Eric Hovde, a Director of ePlus inc. (the “Company”), notified the Board of Directors (the "Board”) of the Company of his resignation from the Board, effective Tuesday, February 20, 2024.
On October 13, 2022, Ms. Renée Bergeron, 59, was appointed to the Board of Directors (the “Board”) of e Plus inc. (the “Company”), filling the newly-created vacancy that resulted from the Board expanding its size from eight to nine members pursuant to Article III of the Company’s Amended and Restated Bylaws.
Max materiality 0.85 · Median 0.50 · Most common event earnings