XML 29 R2.htm IDEA: XBRL DOCUMENT v3.24.4
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Value of Initial
Fixed $100
Investment Based
on:
Fiscal Year
Summary Compensation Table Total for First PEO(1)
Summary Compensation Table Total for Second PEO(2)
Compensation Actually Paid to First
PEO(3)
Compensation Actually Paid to Second PEO(3)
Average Summary Compensation Table Total for Non-PEO NEOs(4)
Average Compensation Actually Paid to Non-PEO NEOs(3)
Total Shareholder Return(5)
Peer Group Total Shareholder Return(6)
Net Income(7)
Adjusted EBITDA(8)
($)($)($)($)($)($)($)($)(h)(i)
(a)(b)(b)(c)(c)(d)(e)(f)(g)($ in thousands)
2024N/A6,043,435N/A14,472,158749,384977,061199.74205.1185,749147,486
2023N/A9,608,505N/A11,699,6711,171,2051,405,400126.71126.4046,561136,343
2022525,4596,913,269(52,920)6,687,1101,181,2011,041,66793.64120.7815,68682,828
20214,481,386N/A5,931,625N/A1,141,2001,376,759121.22147.0838,07774,692
     
Company Selected Measure Name adjusted EBITDA      
Named Executive Officers, Footnote Randal W. Baker served as President and Chief Executive Officer during all of fiscal 2021 and in fiscal 2022 until October 8, 2021 and is identified as First PEO in the table. The negative amount of compensation actually paid reported for fiscal 2022 reflects a decline in the value of outstanding equity awards in that fiscal year and the forfeiture of certain awards in that year as a result of his departure.Paul E. Sternlieb has served as Chief Executive Officer since October 8, 2021 and is identified as Second PEO in the table.      
Adjustment To PEO Compensation, Footnote "Compensation actually paid" to our Named Executive Officers represents the “Total” compensation reported in the Summary Compensation Table for fiscal 2024, as adjusted per SEC rules as follows:
AdjustmentsFor Fiscal 2024
Second PEOAverage Non-PEO NEOs
($)($)
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table (4,098,164)(306,749)
Increase based on ASC 718 Fair Value of Awards Granted during Fiscal Year that Remain Unvested as of Fiscal Year End, Determined as of Fiscal Year End6,526,962281,236
Increase based on ASC 718 Fair Value of Awards Granted during the Fiscal Year that Vested during the Fiscal Year, determined as of Vesting Date63,225
Increase/deduction for Awards Granted during Prior Fiscal Year that were Outstanding and Unvested as of Fiscal Year End, determined based on change in ASC 718 Fair Value from Prior Fiscal Year End to Fiscal Year End4,559,669149,133
Increase/deduction for Awards Granted during Prior Fiscal Year that Vested During Fiscal Year, determined based on change in ASC 718 Fair Value from Prior Fiscal Year End to Vesting Date1,432,379159,129
Deduction of ASC 718 Fair Value of Awards Granted during Prior Fiscal Year that were Forfeited during the Fiscal Year, determined as of Prior Fiscal Year End(118,786)
Increase Based on Dividends or Other Earnings Paid during the Fiscal Year prior to Vesting Date7,877488
Increase Based on Incremental Fair Value of Options/SARs Modified During Fiscal Year
Deduction for Change in the Actuarial Present Values Reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Fiscal Year
TOTAL ADJUSTMENTS8,428,723227,677
     
Non-PEO NEO Average Total Compensation Amount $ 749,384 $ 1,171,205 $ 1,181,201 $ 1,141,200
Non-PEO NEO Average Compensation Actually Paid Amount $ 977,061 1,405,400 1,041,667 1,376,759
Adjustment to Non-PEO NEO Compensation Footnote "Compensation actually paid" to our Named Executive Officers represents the “Total” compensation reported in the Summary Compensation Table for fiscal 2024, as adjusted per SEC rules as follows:
AdjustmentsFor Fiscal 2024
Second PEOAverage Non-PEO NEOs
($)($)
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table (4,098,164)(306,749)
Increase based on ASC 718 Fair Value of Awards Granted during Fiscal Year that Remain Unvested as of Fiscal Year End, Determined as of Fiscal Year End6,526,962281,236
Increase based on ASC 718 Fair Value of Awards Granted during the Fiscal Year that Vested during the Fiscal Year, determined as of Vesting Date63,225
Increase/deduction for Awards Granted during Prior Fiscal Year that were Outstanding and Unvested as of Fiscal Year End, determined based on change in ASC 718 Fair Value from Prior Fiscal Year End to Fiscal Year End4,559,669149,133
Increase/deduction for Awards Granted during Prior Fiscal Year that Vested During Fiscal Year, determined based on change in ASC 718 Fair Value from Prior Fiscal Year End to Vesting Date1,432,379159,129
Deduction of ASC 718 Fair Value of Awards Granted during Prior Fiscal Year that were Forfeited during the Fiscal Year, determined as of Prior Fiscal Year End(118,786)
Increase Based on Dividends or Other Earnings Paid during the Fiscal Year prior to Vesting Date7,877488
Increase Based on Incremental Fair Value of Options/SARs Modified During Fiscal Year
Deduction for Change in the Actuarial Present Values Reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Fiscal Year
TOTAL ADJUSTMENTS8,428,723227,677
This amount is the average of the total compensation, as calculated in accordance with the presentation of Total compensation in the Summary Compensation Table appearing on page 34, of the Non-NEO PEOs in each year. The following table lists the individuals who comprise the Non-PEO NEOs in each of the covered years:
Fiscal 2024Fiscal 2023Fiscal 2022Fiscal 2021
P. Shannon BurnsAnthony P. ColucciAnthony P. ColucciBarbara G. BolensRick T. Dillon
Benjamin J. TopercerBenjamin J. TopercerBenjamin J. TopercerScott M. VuchetichJohn Jeffrey Schmaling
James P. DenisJames P. DenisRick T. DillonBryan R. JohnsonFabrizio Rasetti
Eric T. ChackMarkus LimbergerJohn Jeffrey SchmalingFabrizio RasettiBarbara G. Bolens
Anthony P. ColucciBarbara G. Bolens
     
Compensation Actually Paid vs. Total Shareholder Return      
Compensation Actually Paid vs. Net Income
Relationship of Executive Compensation Actually Paid to Net Income.jpg
     
Total Shareholder Return Vs Peer Group      
Total Shareholder Return Amount $ 199.74 126.71 93.64 121.22
Peer Group Total Shareholder Return Amount 205.11 126.40 120.78 147.08
Net Income (Loss) $ 85,749 $ 46,561 $ 15,686 $ 38,077
Company Selected Measure Amount 147,486 136,343 82,828 74,692
Additional 402(v) Disclosure Represents the company’s TSR for the period beginning on the last trading day of the year preceding the earliest year presented in the table and ending the last trading day of the covered year, which includes the reinvestment of dividends paid on our common stock during the relevant period.Represents Represents net income of Enerpac and its subsidiaries on a consolidated basis, which includes the results of discontinued operations in each of the periods presented.The Company selected measure is adjusted EBITDA, which is a measure used in the annual cash incentive plan. Adjusted EBITDA is the Company’s earnings before interest, income tax, depreciation and amortization expenses, adjusted by adding selected expenses that the Talent Development and Compensation Committee believes do not reflect normal operating conditions and subtracting certain selected income items that the Talent Development and Compensation Committee believes do not reflect normal operating conditions. Adjusted EBITDA is calculated in a manner consistent with adjusted EBITDA as presented by the Company in its quarterly and annual earnings announcements, with additional adjustments to exclude annual incentive compensation expense and for certain items selected by the Talent Development and Compensation Committee that it believes do not reflect normal operating conditions.      
Paul E. Sternlieb [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 6,043,435 $ 9,608,505 $ 6,913,269  
PEO Actually Paid Compensation Amount 14,472,158 11,699,671 6,687,110  
Randal W. Baker [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount     525,459 $ 4,481,386
PEO Actually Paid Compensation Amount   $ 5,931,625 $ (52,920)  
PEO | Paul E. Sternlieb [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,428,723      
PEO | Paul E. Sternlieb [Member] | Stock Awards and Option Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,098,164)      
PEO | Paul E. Sternlieb [Member] | Equity Awards Granted in Current Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,526,962      
PEO | Paul E. Sternlieb [Member] | Equity Awards Granted in Current Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Paul E. Sternlieb [Member] | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,559,669      
PEO | Paul E. Sternlieb [Member] | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,432,379      
PEO | Paul E. Sternlieb [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Paul E. Sternlieb [Member] | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 7,877      
PEO | Paul E. Sternlieb [Member] | Incremental Fair Value of Options/SARs [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Paul E. Sternlieb [Member] | Change in Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0      
Non-PEO NEO        
Pay vs Performance Disclosure        
Tabular List, Table
We have listed below the four performance measures that represent the most important metrics we used to link Compensation Actually Paid to our NEOs for fiscal 2024 to Company performance:
Adjusted EBITDA
Organic Sales Growth
Adjusted EBITDA Margin; and
Free Cash Flow Conversion.
     
Adjustment to Compensation, Amount $ 227,677      
Non-PEO NEO | Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Non-PEO NEO | Measure:: 2        
Pay vs Performance Disclosure        
Name Organic Sales Growth      
Non-PEO NEO | Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted EBITDA Margin      
Non-PEO NEO | Measure:: 4        
Pay vs Performance Disclosure        
Name Free Cash Flow Conversion      
Non-PEO NEO | Stock Awards and Option Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (306,749)      
Non-PEO NEO | Equity Awards Granted in Current Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 281,236      
Non-PEO NEO | Equity Awards Granted in Current Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 63,225      
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 149,133      
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 159,129      
Non-PEO NEO | Equity Awards that Failed to Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (118,786)      
Non-PEO NEO | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 488      
Non-PEO NEO | Change in Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0