What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2020-10-26 compared with 2019-10-29 · 38 added, 30 removed, 38 unchanged (64% of the section changed)

Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities

The Company’s Class A common stock is traded on the New York Stock Exchange under the symbol EPAC.

At September 30, 2019 , there were 1,193 shareholders of record of the Company's Class A common stock.

In fiscal 2019 , the Company declared a dividend of $0.04 per common share payable on October 14, 2019 to shareholders of record on September 27, 2019 .

The Company’s Cla ss A common stock is traded on the New York Stock Exchange under the symbol EPAC.

As of September 30, 2020, there were 1,165 shareh olders of record of the Company's Class A common stock.

In fiscal 2020, the Company declared a dividend of $0.04 per common share payable on October 19, 2020 to shareholders of record on October 2, 2020.

In fiscal 2019, the Company declared a dividend of $0.04 per common share payable on October 14, 2019 to shareholders of record on September 27, 2019.

1 unchanged sentence

The Company's Board of Directors has authorized the repurchase of shares of the Company's common stock under publicly announced share repurchase programs.

Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 21,455,568 shares of common stock for $640 million .

The following table summarizes share repurchases during the fourth quarter of fiscal 2019, all of which were purchased under publicly announced share repurchase programs.

Shares Repurchased

Average Price Paid per Share

Maximum Number of Shares That May Yet Be Purchased Under the Program

June 1 to June 30, 2019

July 1 to July 31, 2019

August 1 to August 31, 2019

Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 22,799,230 shares of common stock for $668 million with 5,200,770 shares remaining authorized for additional repurchases under the program.

There were no share repurchases during the fourth quarter of fiscal 2020

Securities Authorized for Issuance under Equity Compensation Plans

1 unchanged sentence

Performance Graph:

The graph below compares the cumulative 5-year total return of the Company's Class A common stock with the cumulative total returns of the S&P 500 index and the Dow Jones US Diversified Industrials index.

The graph below compares the cumulative 5-year total return of the Company's Class A common stock with the cumulative total returns of the S&P 500 index, the Russell 2000 Index, the Dow Jones US Diversified Industrials index and the S&P 600 Industrial index.

Prior to the divestiture of our EC&S segment, we benchmarked results of the Company to the S&P 500 index and the Dow Jones USD Diversified Industrials index.

However, in light of the divestiture and our focus as a pure-play industrial tools and services company, we now benchmark ourselves against the Russell 2000 Index and the S&P Industrial 600 index.

The graph tracks the performance of a $100 investment in our Class A common stock and in each of the indexes (assuming the reinvestment of all dividends) from August 31, 2015 to August 31, 2020.

*$100 Invested on 8/31/15 in stock or index, including reinvestment of dividends.

Fiscal year ending August 31.

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Actuant Corporation

8/15 8/16 8/17 8/18 8/19 8/20

Enerpac Tool Group Corp.

$ 100.00 $ 111.40 $ 112.62 $ 138.13 $ 104.32 $ 97.88

S&P 500 100.00 112.55 130.82 156.55 161.12 196.47

Russell 2000 100.00 108.59 124.79 156.54 136.36 144.57

Dow Jones US Diversified Industrials 100.00 126.55 125.11 112.14 100.90 102.78

S&P 600 Industrial 100.00 112.40 120.50 153.72 128.98 133.43

The stock price performance included in this graph is not necessarily indicative of future stock price performance.

3 unchanged sentences

Year Ended August 31,

2020 2019 2018 2017 2016

(in millions, except per share data)

Statement of Operations Data (1)(2) :

Net sales $ 493 $ 655 $ 641 $ 617 $ 687

Gross profit 217 293 283 261 291

Selling, administrative and engineering expenses 181 209 210 208 203

2 unchanged sentences

Restructuring charges 7 4 11 3 9

Impairment & divestiture charges

Impairment & divestiture (benefit) charges (3) 23 3 117 130

Operating profit (loss) 24 48 50 (84) (62)

Earnings (loss) from continuing operations

Diluted earnings (loss) per share from continuing operations

Earnings (loss) 6 8 5 (95) (62)

Diluted earnings (loss) per share $ 0.09 $ 0.13 $ 0.08 $ (1.60) $ (1.05)

Cash dividends per share declared $ 0.04 $ 0.04 $ 0.04 $ 0.04 $ 0.04

1 unchanged sentence

Balance Sheet Data (at end of period) (2) :

Cash $ 152 $ 211 $ 250 $ 230 $ 180

Assets 824 1,124 1,485 1,517 1,439

Debt 255 460 533 562 580

Net debt (Debt less Cash) 103 249 283 332 400

4 unchanged sentences

The following tables summarize the acquisitions and divestitures that were completed during the last five fiscal years (amounts in millions):

Date Completed

Acquisition Segment Date Completed Sales (a)

Purchase Price

Industrial Tools & Services

Mirage Machines

Industrial Tools & Services

December 2017

Pipeline and Process Services (b)

Industrial Tools & Services

February 2016

HTL Group Industrial Tools & Services January 2020 $ 18 $ 33

Equalizer Industrial Tools & Services May 2018 6 6

Mirage Machines Industrial Tools & Services December 2017 12 17

_______________________

(a) Represents approximate annual sales at the time of the acquisition.

(b) Acquired the Middle East, Caspian and North Africa operations of Four Quest Energy Inc.

Date Completed

Divestiture (b)

Segment Date Completed Sales (c)

Proceeds from Sale

Viking Business

December 2017

(a) Represents annual sales in fiscal year prior to divestiture.

Milwaukee Cylinder/UNI-LIFT Product Line Industrial Tools & Services December 2019 $ 13 $ 8

Connectors Product Line Industrial Tools & Services October 2019 $ 5 $ 3

Viking Business Other December 2017 $ 19 $ 9

(b) Divestiture of the EC&S Segment is not included in the table as it is classified as Discontinued Operations within the Consolidated Financial Statements.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity