McGrath RentCorp Files 10-K/A Amendment

TL;DR

<b>McGrath RentCorp has filed an amendment to its 2023 annual report on Form 10-K/A.</b>

AI Summary

MCGRATH RENTCORP (MGRC) filed a Amended Annual Report (10-K/A) with the SEC on April 16, 2024. McGrath RentCorp filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. The company is registered in California and its principal executive offices are located at 5700 Las Positas Road, Livermore, CA. McGrath RentCorp's common stock trades on the NASDAQ Global Select Market under the ticker symbol MGRC. The filing indicates McGrath RentCorp is a large accelerated filer. The amendment was filed on April 16, 2024.

Why It Matters

For investors and stakeholders tracking MCGRATH RENTCORP, this filing contains several important signals. This amendment provides updated or corrected information for the fiscal year ending December 31, 2023, which is crucial for investors to have the most accurate financial and operational data. As a large accelerated filer, McGrath RentCorp is subject to rigorous reporting requirements, and this amendment ensures compliance and transparency with the SEC.

Risk Assessment

Risk Level: low — MCGRATH RENTCORP shows low risk based on this filing. The risk is low as this is a standard amendment filing for a 10-K, indicating a procedural update rather than a significant negative event.

Analyst Insight

Monitor future filings for any substantive changes or disclosures that may arise from this amendment.

Key Numbers

• 2023-12-31 — Fiscal Year End (Period covered by the 10-K/A filing)
• 2024-04-16 — Filing Date (Date the amendment was filed)
• 000-13292 — Commission File Number (SEC file number for McGrath RentCorp)
• 94-2579843 — IRS Employer Identification No. (Tax identification number)

Key Players & Entities

• MCGRATH RENTCORP (company) — Registrant name
• MGRC (company) — Trading Symbol
• NASDAQ Global Select Market (company) — Exchange where common stock is registered
• 5700 Las Positas Road, Livermore, CA 94551 (company) — Principal executive offices address
• California (company) — State of incorporation
• 2023-12-31 (date) — Fiscal year end date
• 2024-04-16 (date) — Filing date

FAQ

Industry Context

McGrath RentCorp operates in the equipment rental and leasing services industry, providing essential equipment to various sectors.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, including filing annual reports (10-K) and amendments (10-K/A) with the SEC.

What Investors Should Do

1. Review the full 10-K/A filing for specific details of the amendment.
2. Track future SEC filings from McGrath RentCorp for ongoing compliance and disclosures.
3. Analyze the company's financial performance and operational updates in subsequent reports.

Key Dates

• 2023-12-31: Fiscal Year End — The period for which the annual report (10-K) is filed.
• 2024-04-16: Filing Date of 10-K/A — Date the amendment was submitted to the SEC.

Year-Over-Year Comparison

This is an amendment (10-K/A) to the previously filed 10-K for the fiscal year ended December 31, 2023. It signifies an update or correction to the original filing.

Key Financial Figures

• $123 — ed into the right to receive either (1) $123 in cash or (2) 2.8211 shares of validly
• $0 — sable shares of common stock, par value $0.0001, of WillScot Mobile Mini, as deter

Filing Documents

• d814655d10ka.htm (10-K/A) — 722KB
• d814655dex311.htm (EX-31.1) — 10KB
• d814655dex312.htm (EX-31.2) — 10KB
• g814655g0415204157762.jpg (GRAPHIC) — 11KB
• g814655g0415204157990.jpg (GRAPHIC) — 26KB
• g814655g0415204158193.jpg (GRAPHIC) — 25KB
• g814655g0415204158409.jpg (GRAPHIC) — 21KB
• 0001193125-24-096607.txt (&nbsp;) — 1241KB
• mgrc-20231231.xsd (EX-101.SCH) — 4KB
• mgrc-20231231_cal.xml (EX-101.CAL) — 1KB
• mgrc-20231231_def.xml (EX-101.DEF) — 17KB
• mgrc-20231231_lab.xml (EX-101.LAB) — 22KB
• mgrc-20231231_pre.xml (EX-101.PRE) — 18KB
• d814655d10ka_htm.xml (XML) — 7KB

Executive Compensation

Executive Compensation 13 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 39 Item 13. Certain Relationships and Related Transactions, and Director Independence 42 Item 14. Principal Accountant Fees and Services 43 PART IV Item 15. Exhibits and Financial Statement Schedules 45

SIGNATURES

SIGNATURES 46 PART III ITEM10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. DIRECTORS The Company's bylaws authorize the number of directors to be not less than five (5) and not more than nine (9). The Board of Directors is currently fixed at seven (7) directors and composed of the following directors: Nicolas C. Anderson, Kimberly A. Box, Smita Conjeevaram, William J. Dawson, Elizabeth A. Fetter, Joseph F. Hanna, and Bradley M. Shuster. The following table sets forth certain information with respect to the directors of the Company as of February 29, 2024: Name of Nominee Age Principal Occupation Director Since Nicolas C. Anderson 39 Managing Partner of Elm Grove Partners and Chief Executive Officer of ArcherHall 2022 Kimberly A. Box 64 Former President and Chief Executive Officer of Gatekeeper Innovation, Inc. 2018 Smita Conjeevaram 63 Former Chief Financial Officer of Fortress Investment Group LLC 2021 William J. Dawson 69 Former Chief Financial Officer of Adamas Pharmaceuticals, Inc. 1998 Elizabeth A. Fetter 65 Former Chief Executive Officer of Symmetricom, Inc. 2014 Joseph F. Hanna 61 Chief Executive Officer and President of the Company 2017 Bradley M. Shuster 69 Chairman of the Board of Directors of the Company and Executive Chairman and Chairman of the Board of NMI Holdings, Inc. 2017 Nicolas C. Anderson was elected a director of the Company in December 2022. Mr. Anderson currently serves as the founder and Managing Partner of Elm Grove Partners, an entrepreneurial private equity firm focused on control investments in established lower middle-market companies. Since 2013 he has had primary responsibility for raising equity capital and debt financing and leading the investment analysis for potential acquisitions. Mr. Anderson is also currently Chief Executive Officer of ArcherHall, an Elm Grove Partners portfolio company which provides data and document management services to law firms. A

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View this 10-K/A filing on SEC EDGAR