Good afternoon. I'm Jim Ferland, Chairman of the Board of Directors of Enerpac Tool Group Corporation. On behalf of the company, I wanna welcome you to our 2026 Annual Meeting of Shareholders. Before proceeding with the business portion of the meeting, I'm pleased to introduce our other board members who are joining us today. Palmer Clarkson, Danny Cunningham, Colleen Healy, Richard Holder, Lynn Minella, Sidney Simmons, and Paul Sternlieb, our Chief Executive Officer and a member of our board. On behalf of the board, I would like to thank Alfredo Altavilla and Judy Altmaier, directors of the company, who are retiring from the board at today's meeting. Their thoughtful and diligent service to Enerpac is recognized and appreciated.
I would also like to introduce Leslie Plamann, a partner with Ernst & Young LLP, the external audit firm that audited the company's financial statements for the fiscal year ended August 31, 2025. We will follow the agenda posted on the annual meeting website. To ask a question during the meeting, please follow the instructions on the meeting website. There will be a brief period for responses after the items of business have been introduced. There are three items of business on the agenda for today's meeting. No other matters have been submitted to the company for a vote, as provided under the advance notice provisions of the company's bylaws. Before proceeding, I want to draw your attention to the rules of this meeting, which are posted on the meeting website.
The meeting has been called to order by the board of directors, as required by the bylaws of the company. I direct that a copy of the Notice of Annual Meeting and Affidavit of Mailing be filed with the minutes of this meeting. Ben Topercer is appointed as the Inspector of Election for the purpose of deciding upon the qualification of voters, conducting and accepting the votes of the shareholders, and counting the number of shares voted with respect to matters brought before the meeting. At this time, I call on the Inspector of Election to report on the number of shares outstanding and entitled to vote, and the number of shares represented at this meeting, either in person or by proxy.
There were 52,773,605 shares of the company's Class A common stock outstanding and entitled to vote on December 1, 2025, the record date for this meeting. At least 50,579,599 of those shares, representing 95.84% of the total shares issued and outstanding, are represented in person or by proxy at this meeting.
Thank you, Ben. As a majority of the outstanding voting securities of the company are represented either in person or by proxy, I declare a quorum to be present for purposes of transacting business. I now declare the polls open for voting on the three matters to be presented at today's meeting. Holders of legal proxies who have logged into today's meeting using the control number provided to them may now vote their shares by following the instructions on the meeting website. If you have previously submitted your voting instructions, there is no need to do so again. Our first item of business is the election of eight directors for terms to expire at the annual meeting of shareholders to be held in 2027, and until their successors are duly elected and qualified.
The following eight individuals, all of whom currently are directors, have been nominated by the board of directors for election: Palmer Clarkson, Danny Cunningham, James Ferland, Colleen Healy, Richard Holder, Lynn Minella, Sidney Simmons, and Paul Sternlieb. The election of such directors is now presented to this meeting for a vote. The board of directors recommends you vote for the election of all nominees. Our second item of business is a proposal that our shareholders ratify the appointment of Ernst & Young LLP as the company's independent public accounting firm for the current fiscal year, ending August 31, 2026, which is now presented to this meeting for a vote. The board of directors recommends that you vote for this proposal.
Our third and final item of business is the advisory vote of shareholders on the fiscal year 2025 compensation of our named executive officers, as presented to the company's proxy statement for this annual meeting, which is now presented to this meeting for a vote. The board of directors recommends a "for" vote for this proposal. As a reminder, if any shareholders have not yet voted or wish to change their vote, please do so at this time. Now that everyone has had the opportunity to vote, I now declare the polls for the 2026 Enerpac Tool Group Corporation's annual shareholder meeting closed at 3:05 P.M. Eastern Time on February 4, 2026. With the polls closed, I ask the Inspector of Election to report on the results of the voting.
A plurality of the shares of common stock represented at this meeting have been voted for the election of each of the eight directors nominated by the board of directors. Such persons have been duly elected as directors of the company. The number of votes cast for ratification of Ernst & Young LLP as the company's independent auditors for the 2026 fiscal year, exceeds the number of votes cast against the proposal. The proposal has been approved. The number of votes cast for approval of the compensation of our named executive officers, as disclosed in the proxy statement, exceeds the number of votes cast against the proposal. The non-binding proposal has been approved.
Thank you. The final tally of the votes on each of these matters will be reported by the company on a Form 8-K to be filed with the SEC and posted to the company's website. That concludes the transaction of all formal business scheduled for this meeting. There being no other business to come before this meeting, the meeting is now adjourned. No questions have been received. On behalf of Enerpac Tool Group's board of directors and employees, thank you for your attendance today and for your continuing interest in Enerpac.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.