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Get filing alertsEnerpac expands board to nine, elects former A. O. Smith CFO Charles T. Lauber as independent director
Filed October 9, 2026 · Period ending October 8, 2026 · ~1 min read
Key Changes
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Board expanded from eight to nine members and elected Charles T. Lauber to fill the new vacancy, effective October 8, 2026.
Item 5.02 verify on EDGAR → -
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Lauber is a former CFO of A. O. Smith (2019–2026) with over 40 years of finance experience and currently serves on H.B. Fuller's board.
Exhibit 99.1 view on EDGAR → -
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Board determined Lauber is independent under NYSE and SEC rules and appointed him to the Audit and Talent Development and Compensation Committees.
Item 5.02 verify on EDGAR → -
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Lauber will receive standard non-employee director compensation and enter into the company's standard indemnification agreement.
Item 5.02 verify on EDGAR →
Summary
Enerpac Tool Group expanded its board from eight to nine directors and elected Charles T. Lauber to fill the new seat, effective October 8, 2026. Lauber brings extensive financial leadership experience, having served as CFO of A. O. Smith from 2019 to 2026 and spending 15 years at Ernst & Young earlier in his career. He currently serves on the board of H.B. Fuller.
The board determined that Lauber is independent under NYSE and SEC standards and appointed him to the Audit Committee and the Talent Development and Compensation Committee. His compensation will be consistent with that of other non-employee directors, and the company will enter into its standard indemnification agreement with him.
This is a routine governance action that adds a qualified independent director to the board. No red flags or unusual terms were disclosed.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 5 minor / wording changes
Added in current filing · verify on EDGAR →
adopted resolutions expanding the size of the Board from eight to nine and elected Charles T. Lauber as a director to fill the vacancy created by the expansion in the size of the Board
The Board increased its size from eight to nine members and elected Charles T. Lauber to fill the newly created vacancy. This is a routine governance action that adds a new independent director.
Added in current filing · verify on EDGAR →
The Board has determined, consistent with the recommendation of its Governance and Sustainability Committee, that Mr. Lauber is independent in accordance with the applicable rules of the New York Stock Exchange and the Securities and Exchange Commission.
The Board determined that Mr. Lauber meets NYSE and SEC independence standards, based on the Governance and Sustainability Committee's recommendation. This is standard for a new non-employee director.
Added in current filing · verify on EDGAR →
The Board appointed Mr. Lauber to serve as a member of its Audit Committee and Talent Development and Compensation Committee.
Mr. Lauber will serve on the Audit Committee and the Talent Development and Compensation Committee. These are key oversight roles, but the appointment itself is routine.
Added in current filing · verify on EDGAR →
Mr. Lauber will receive compensation as a director of the Company consistent with that paid to other non-employee directors of the Company, the current compensation of which is described on page 46 of the Company’s definitive proxy statement for its annual meeting of shareholders held on February 4, 2026, which description is incorporated herein by reference.
Mr. Lauber will receive the same compensation as other non-employee directors, as described in the company's 2026 proxy statement. No new or special compensation terms are disclosed.
Added in current filing · verify on EDGAR →
The Company intends to enter into an Indemnification Agreement with Mr. Lauber in the form filed as Exhibit 10.1 to the Company’s Form 10‑K for the fiscal year ended August 31, 2025.
The company will enter into a standard indemnification agreement with Mr. Lauber using the same form filed with its 2025 Form 10-K. This is routine for new directors.
Event · Exhibit 99.1
Enerpac expands its board from eight to nine directors and elects Charles T. Lauber, former A. O. Smith CFO, effective today.
Added in current filing · view on EDGAR →
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.
Lauber brings deep financial leadership experience, having served as CFO of A. O. Smith from 2019 to 2026 and spending 15 years at Ernst & Young before that. His background in finance, M&A, and capital allocation is relevant to Enerpac's board oversight.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 13, 2026 · How we verify