Enerpac Tool Group added Charles T. Lauber to its Board of Directors, expanding to nine members.
Quiver AI Summary
Enerpac Tool Group Corp. announced the expansion of its Board of Directors from eight to nine members with the election of Charles T. Lauber, a veteran finance executive. Lauber has over 40 years of experience in finance, corporate strategy, and governance, having recently retired as CFO of A. O. Smith, where he was instrumental in shaping financial operations and long-term growth strategies. His prior experience includes a lengthy tenure at Ernst & Young, and he currently serves on the Board of H.B. Fuller Company. Enerpac’s Chairman, Jim Ferland, expressed that Lauber's expertise will greatly benefit the Board, and Lauber himself expressed excitement about contributing to Enerpac's growth. Enerpac, founded in 1910, is a leader in industrial tools and solutions, serving customers across more than 100 countries.
Potential Positives
- The expansion of the Board of Directors to include Charles T. Lauber brings significant financial expertise and strategic insight, which can enhance the company's governance and decision-making.
- Mr. Lauber's extensive experience in capital allocation and mergers and acquisitions may lead to improved financial performance and growth opportunities for Enerpac Tool Group.
- Jim Ferland's positive comments about Mr. Lauber suggest a strong alignment and confidence in his ability to contribute to the company's success.
- Adding a director with a proven track record in a related industry may strengthen relationships with investors and improve investor relations efforts.
Potential Negatives
- There is no direct mention of why the board expansion was necessary, which may raise concerns about the company's previous governance practices or board effectiveness.
FAQ
What announcement did Enerpac Tool Group make on October 8, 2026?
Enerpac announced the expansion of its Board from eight to nine directors with the election of Charles T. Lauber.
Who is Charles T. Lauber?
Charles T. Lauber is a seasoned finance executive with over 40 years of experience in finance and corporate strategy.
What is Lauber's background prior to Enerpac?
Before Enerpac, Lauber was CFO of A. O. Smith and spent 15 years at Ernst & Young LLP.
What expertise does Charles T. Lauber bring to the Board?
Lauber brings expertise in financial oversight, mergers and acquisitions, strategic planning, and public company governance.
Where is Enerpac Tool Group headquartered?
Enerpac Tool Group is headquartered in Milwaukee, Wisconsin, and serves customers in over 100 countries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EPAC Insider Trading Activity
$EPAC insiders have traded $EPAC stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $EPAC stock by insiders over the last 6 months:
- E JAMES JR FERLAND sold 2,930 shares for an estimated $100,645
- DANNY L CUNNINGHAM sold 2,930 shares for an estimated $100,645
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$EPAC Revenue
$EPAC had revenues of $167.6M in Q3 2026. This is an increase of 5.6% from the same period in the prior year.
You can track EPAC financials on Quiver Quantitative's EPAC stock page.
You can access data on EPAC stock through the Quiver Quantitative API.
$EPAC Congressional Stock Trading
Members of Congress have traded $EPAC stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $EPAC stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $30,000 on 07/16, 07/10 and 0 sales.
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$EPAC Hedge Fund Activity
We have seen 148 institutional investors add shares of $EPAC stock to their portfolio, and 102 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL WORLD INVESTORS removed 1,236,679 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $44,347,308
- THRIVENT FINANCIAL FOR LUTHERANS removed 917,030 shares (-95.9%) from their portfolio in Q2 2026, for an estimated $32,884,695
- CAPITAL INTERNATIONAL INVESTORS removed 757,626 shares (-23.0%) from their portfolio in Q2 2026, for an estimated $27,168,468
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 697,318 shares (-18.7%) from their portfolio in Q2 2026, for an estimated $25,005,823
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 600,441 shares (+inf%) to their portfolio in Q2 2026, for an estimated $21,531,814
- BLACKROCK, INC. added 566,222 shares (+7.3%) to their portfolio in Q2 2026, for an estimated $20,304,720
- COOKE & BIELER LP removed 485,036 shares (-27.4%) from their portfolio in Q2 2026, for an estimated $17,393,390
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
MILWAUKEE, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) (the “Company” or “Enerpac”) announced today that the Board of Directors is expanding the size of the Board from eight to nine directors and has elected Charles T. Lauber to its Board effective today. Mr. Lauber is a seasoned finance executive with more than 40 years of experience in finance, corporate strategy, mergers and acquisitions, investor relations, capital allocation, and global operations.
Prior to his retirement earlier this year, Mr. Lauber served as Executive Vice President and Chief Financial Officer of A. O. Smith from 2019 to 2026, overseeing the company's global financial operations and helping shape its long-term growth strategy during a distinguished 27-year career with the company. Before joining A. O. Smith in 1999, Mr. Lauber spent 15 years with Ernst & Young LLP, where he advanced to Senior Manager and advised public and private companies on accounting, audit, tax, and financial reporting matters.
Mr. Lauber currently serves on the Board of Directors of H.B. Fuller Company (NYSE: FUL), where he is a member of the Audit Committee and the Personnel & Compensation Committee. He brings extensive expertise in financial oversight, capital allocation, mergers and acquisitions, strategic planning, investor relations, executive compensation, enterprise risk management, and public company governance. He earned a bachelor's degree in accounting from University of Wisconsin-Whitewater and an MBA from the Kellogg School of Management at Northwestern University.
Commenting on the announcement, Jim Ferland, Enerpac Tool Group’s Chairman, said, “Chuck’s extensive financial leadership, strategic insight, and public company governance experience will be a tremendous asset to our Board of Directors. We are pleased to welcome him and look forward to the contributions he will make to the company’s continued success.”
Mr. Lauber added, “I am honored to join the Enerpac Tool Group Board of Directors and look forward to working with my fellow directors and the management team. Enerpac has built a strong reputation in heavy industrial tools, services and solutions, along with a compelling business platform, and I am excited to contribute my experience to support its continued growth and long-term success.”
About Enerpac Tool Group
Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group’s businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Milwaukee, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC. For further information on Enerpac Tool Group and its businesses, visit the Company's website at www.enerpactoolgroup.com .
Contact:
Christian Audi
Sr. Director, Investor Relations
914 771 1770
