McGrath RentCorp Appoints New Director
Ticker: MGRC · Form: 8-K · Filed: Aug 2, 2024 · CIK: 752714
| Field | Detail |
|---|---|
| Company | Mcgrath Rentcorp (MGRC) |
| Form Type | 8-K |
| Filed Date | Aug 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $51,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-appointment, management-change
Related Tickers: SRT
TL;DR
McGrath RentCorp adds Sunbelt Rentals ex-CEO David L. Johnson to its board.
AI Summary
McGrath RentCorp announced on August 2, 2024, that its Board of Directors has appointed Mr. David L. Johnson as a new director, effective immediately. Mr. Johnson brings extensive experience in the equipment rental industry, having previously served as President and CEO of Sunbelt Rentals. His appointment is part of the company's ongoing efforts to strengthen its board with diverse expertise.
Why It Matters
The addition of a director with significant industry experience like David L. Johnson could signal strategic shifts or enhanced operational oversight for McGrath RentCorp.
Risk Assessment
Risk Level: low — This filing is a routine corporate announcement regarding a board appointment and does not involve financial distress or significant operational changes.
Key Players & Entities
- McGrath RentCorp (company) — Registrant
- David L. Johnson (person) — Newly appointed director
- Sunbelt Rentals (company) — Previous employer of new director
- August 2, 2024 (date) — Effective date of appointment
FAQ
Who is the new director appointed to the McGrath RentCorp board?
Mr. David L. Johnson has been appointed as a new director to the McGrath RentCorp board.
When was the appointment of the new director effective?
The appointment of Mr. David L. Johnson was effective immediately as of August 2, 2024.
What is David L. Johnson's relevant experience?
David L. Johnson previously served as President and CEO of Sunbelt Rentals, bringing significant experience in the equipment rental industry.
What is the company's ticker symbol?
The ticker symbol for McGrath RentCorp is not explicitly stated in this filing excerpt, but its Central Index Key is 0000752714.
What items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 640 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-08-02 16:14:55
Key Financial Figures
- $51,000 — . Fetter in the amount of approximately $51,000 in respect of Board and committee retai
Filing Documents
- d836584d8k.htm (8-K) — 26KB
- d836584dex991.htm (EX-99.1) — 4KB
- g836584g02n34.jpg (GRAPHIC) — 6KB
- g836584g52v60.jpg (GRAPHIC) — 13KB
- 0001193125-24-192882.txt ( ) — 175KB
- mgrc-20240802.xsd (EX-101.SCH) — 3KB
- mgrc-20240802_lab.xml (EX-101.LAB) — 17KB
- mgrc-20240802_pre.xml (EX-101.PRE) — 11KB
- d836584d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d)Exhibits Exhibit No. Description 99.1 Press release, dated August 2, 2024, issued by McGrath RentCorp. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
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. McGRATH RENTCORP Dated: August 2, 2024 By: /s/ Gilda Malek Gilda Malek Vice President, General Counsel and Corporate Secretary 3