Custom Truck One Source Appoints New Directors, Adjusts Executive Pay
Ticker: CTOS · Form: 8-K · Filed: Aug 20, 2024 · CIK: 1709682
| Field | Detail |
|---|---|
| Company | Custom Truck One Source, INC. (CTOS) |
| Form Type | 8-K |
| Filed Date | Aug 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, management
Related Tickers: CTOS
TL;DR
CTOS adds 2 directors, inks new CEO deal. Board shakeup incoming.
AI Summary
On August 15, 2024, Custom Truck One Source, Inc. announced changes to its board of directors and executive compensation. Specifically, the company elected two new directors, Mark J. Flannery and David M. K. Ng, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with certain executive officers, including a new employment agreement with its Chief Executive Officer, Ryan D. McMonagle.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- Custom Truck One Source, Inc. (company) — Registrant
- Mark J. Flannery (person) — Newly elected director
- David M. K. Ng (person) — Newly elected director
- Ryan D. McMonagle (person) — Chief Executive Officer
- August 15, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors appointed to the Board of Directors?
Mark J. Flannery and David M. K. Ng were elected as new directors to the Board of Directors.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on August 15, 2024.
What is the exact name of the registrant?
The exact name of the registrant is Custom Truck One Source, Inc.
What is the principal executive office address of Custom Truck One Source, Inc.?
The principal executive office address is 7701 Independence Avenue, Kansas City, Missouri 64125.
What is the company's IRS Employer Identification No.?
The company's IRS Employer Identification No. is 84-2531628.
Filing Stats: 522 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-08-20 08:59:21
Key Financial Figures
- $0.0001 — ange on Which Registered Common Stock, $0.0001 par value CTOS New York Stock Exchange
Filing Documents
- ctos-20240815.htm (8-K) — 28KB
- 0001709682-24-000067.txt ( ) — 147KB
- ctos-20240815.xsd (EX-101.SCH) — 2KB
- ctos-20240815_lab.xml (EX-101.LAB) — 21KB
- ctos-20240815_pre.xml (EX-101.PRE) — 12KB
- ctos-20240815_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 20, 2024 Custom Truck One Source, Inc. /s/ Christopher J. Eperjesy Christopher J. Eperjesy Chief Financial Officer