McGrath RentCorp Files 8-K: Agreements and Exhibits
Ticker: MGRC · Form: 8-K · Filed: Sep 18, 2024 · CIK: 752714
| Field | Detail |
|---|---|
| Company | Mcgrath Rentcorp (MGRC) |
| Form Type | 8-K |
| Filed Date | Sep 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $180,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing-update
Related Tickers: MGRC
TL;DR
McGrath RentCorp signed and terminated a big deal on Sept 17th. Filing includes financials.
AI Summary
On September 17, 2024, McGrath RentCorp entered into a Material Definitive Agreement, the details of which are not fully disclosed in this filing. The company also reported the termination of a Material Definitive Agreement on the same date. Additionally, McGrath RentCorp filed financial statements and exhibits as part of this report.
Why It Matters
This filing indicates significant corporate actions, including the execution and termination of material agreements, which could impact the company's operations and financial standing.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and their termination, suggesting potential shifts in business strategy or contractual obligations that carry inherent risks.
Key Players & Entities
- MCGRATH RENTCORP (company) — Registrant
- September 17, 2024 (date) — Date of earliest event reported
FAQ
What was the nature of the Material Definitive Agreement entered into by McGrath RentCorp on September 17, 2024?
The filing states that McGrath RentCorp entered into a Material Definitive Agreement on September 17, 2024, but the specific details of this agreement are not provided in the text.
What was the reason for the termination of the Material Definitive Agreement by McGrath RentCorp?
The filing confirms the termination of a Material Definitive Agreement by McGrath RentCorp on September 17, 2024, but does not specify the reasons for this termination.
What other items are included in this 8-K filing besides the agreements?
In addition to reporting the entry into and termination of material definitive agreements, the filing also includes financial statements and exhibits.
Where is McGrath RentCorp's principal executive office located?
McGrath RentCorp's principal executive offices are located at 5700 Las Positas Road, Livermore, CA 94551-7800.
What is McGrath RentCorp's fiscal year end?
McGrath RentCorp's fiscal year ends on December 31.
Filing Stats: 728 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-09-18 08:23:59
Key Financial Figures
- $180,000,000 — pany of a cash payment in the amount of $180,000,000 (the "Termination Fee") as contemplated
Filing Documents
- d865558d8k.htm (8-K) — 28KB
- d865558dex101.htm (EX-10.1) — 26KB
- d865558dex991.htm (EX-99.1) — 11KB
- g865558g20q49.jpg (GRAPHIC) — 5KB
- g865558g49l01.jpg (GRAPHIC) — 2KB
- 0001193125-24-221095.txt ( ) — 205KB
- mgrc-20240917.xsd (EX-101.SCH) — 3KB
- mgrc-20240917_lab.xml (EX-101.LAB) — 17KB
- mgrc-20240917_pre.xml (EX-101.PRE) — 11KB
- d865558d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Termination Agreement, dated as of September 17, 2024, by and among WillScot Holdings Corporation, Brunello Merger Sub I, Inc., Brunello Merger Sub II, LLC and McGrath RentCorp 99.1 Press release, dated September 18, 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: September 18, 2024 By: /s/ Gilda Malek Gilda Malek Vice President, General Counsel and Corporate Secretary 3