ENERPAC TOOL GROUP CORP

(Exact name of Registrant, as specified in its charter)

648 N. PLANKINTON AVE., 4TH FLOOR

MILWAUKEE, WISCONSIN 53203

Mailing address: P.O. Box 3241, Milwaukee, Wisconsin 53201

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (262)293-1500

Former name or address, if changed since last report:

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The executive compensation philosophy of the Board of Directors (the “Board”) of Enerpac Tool Group Corp. (the “Company”) is focused on creating long-term value for shareholders. In connection with the Company’s previously announced agreement to acquire Specialized Fabrication Equipment Group LLC, a Delaware limited liability company (“SFE Group”), the Board has approved on October 13, 2026 a long-term incentive program for certain of the Company’s executives and key employees designed to reward the successful completion of the SFE Group acquisition and incentivize growth associated with its integration and any future acquisition activities.

Under the program, certain of the Company’s named executive officers received performance-vesting restricted stock unit awards (the “PSU Award”) with an aggregate grant date dollar-denominated stated value at target level of performance as follows: Darren M. Kozik: $200,000, Benjamin J. Topercer: $125,000, Noah N. Popp: $110,000, and Eric T. Chack: $75,000. The PSU Awards were granted under the Company’s 2017 Omnibus Incentive Plan.

For each of the above officers, half of the PSU Awards will vest conditioned upon the Company’s achievement of net sales goals and half of the PSU Awards will vest conditioned upon the Company’s achievement of adjusted EBITDA goals. Each PSU Award will become earned, with respect to 0% of the target number of shares under the award at the threshold performance level, 100% at the target performance level and 200% at the maximum performance level, based on the Company’s achievement with respect to net sales and adjusted EBITDA, as applicable, for its 2028 fiscal year. Any earned shares under the PSU Awards will vest on the last day of the Company’s 2028 fiscal year, subject to the executive officer’s continued employment. The PSU Awards are subject to accelerated vesting in certain circumstances as further described in the applicable award agreements. In addition, the PSU Awards, and all other awards made under this program, will be forfeited for no consideration if the SFE Group acquisition does not close on or before November 30, 2026.

The foregoing description of the PSU Awards is qualified in its entirety by reference to the full text of the award agreements, the forms of which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and incorporated by reference herein.