McGrath RentCorp DEF 14A: Executive Comp & Equity Awards

TL;DR

McGrath RentCorp's 2024 DEF 14A details 2023 exec pay, equity awards, and dividend equivalents for PEOs & Non-PEOs.

AI Summary

McGrath RentCorp filed a DEF 14A on October 30, 2024, detailing executive compensation and corporate governance for the fiscal year ending December 31, 2023. The filing includes information on equity awards, dividends, and adjustments for both PEO and Non-PEO NEO members, reflecting compensation structures and potential changes in award values.

Why It Matters

This filing provides transparency into how McGrath RentCorp compensates its top executives and how equity awards are valued, which can influence investor decisions regarding management's alignment with shareholder interests.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing detailing executive compensation and corporate governance, not indicating immediate financial distress or significant new risks.

Key Players & Entities

• MCGRATH RENTCORP (company) — Filer
• 0000752714 (company) — Central Index Key
• 20241030 (date) — Filing Date
• 20241212 (date) — Report Period End Date
• 2023-12-31 (date) — Fiscal Year End

FAQ

Filing Documents

• d902722ddef14a.htm (DEF 14A) — 811KB
• g902722g36d01.jpg (GRAPHIC) — 64KB
• g902722g44a01.jpg (GRAPHIC) — 237KB
• g902722g44a02.jpg (GRAPHIC) — 121KB
• g902722g49p01.jpg (GRAPHIC) — 102KB
• g902722g49p02.jpg (GRAPHIC) — 84KB
• g902722g50p00.jpg (GRAPHIC) — 81KB
• 0001193125-24-247613.txt ( ) — 3184KB
• mgrc-20231231.xsd (EX-101.SCH) — 7KB
• mgrc-20231231_def.xml (EX-101.DEF) — 8KB
• mgrc-20231231_lab.xml (EX-101.LAB) — 11KB
• mgrc-20231231_pre.xml (EX-101.PRE) — 7KB
• d902722ddef14a_htm.xml (XML) — 148KB

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12 McGrath RentCorp (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. McGRATH RENTCORP NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To Be Held December 12, 2024 To the Shareholders of McGrath RentCorp: NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of Shareholders (the "Annual Meeting") of McGrath RentCorp, a California corporation (the "Company"), will be held virtually only at www.proxydocs.com/MGRC, on Thursday, December 12, 2024, at 2:00 p.m., PST. Shareholders will be able to listen, vote, and submit questions from any remote location that has internet connectivity. There will be no physical location for shareholders to attend. The Annual Meeting will be held for the following purposes: 1. To elect six (6) directors of the Company, as specifically set forth in the attached proxy statement, to serve until the 2025 Annual Meeting of Shareholders or until their successors are elected and qualified; 2. To ratify the appointment of Grant Thornton LLP as the independent auditors for the Company for the year ending December 31, 2024; 3. To approve, in a non-binding vote, the compensation of the Company's named executive officers; and 4. To transact such other business as may properly come before the Annual Meeting and any adjournment or postponement thereof. The foregoing items of business are more fully described in the proxy statement which is attached and made a part hereof (the "Proxy Statement"). The Board of Directors of the Company has fixed the close of business on October 22, 2024, as the record date for determining the shareholders entitled to notice of and to vote at the Annual Meeting and any adjournment or postponement thereof. IMPORTANT We are holding the Annual Meeting as a virtual meeting (via live audio webcast) format only. On behalf of the Board of Directors and management of the Company, we cordially invite you to attend the Annual Meeting by virtual presence by logging into our live webcast at: www.proxydocs.com/MGRC. Through this webcast, shareholders and proxyholders will be deemed to be present in person for purposes of conducting a vote at such meeting. In order to attend this webcast, you must register in advance at www.proxydocs.com/MGRC prior to the deadline of Thursday, December 12, 2024, at 1:00 p.m. Pacific Time, as more fully described in the accompanying Proxy Statement. In accordance with rules established by the Securities and Exchange Commission, we are providing you access to our proxy materials over the Internet. Accordingly, we plan to mail a Notice of Internet Availability of Proxy Materials (the "Notice") to our shareholders on or about October 31, 2024. The Notice will describe how to access and review our proxy materials, including our Proxy Statement and Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The Notice, as well as our proxy card, will also describe how you may submit your proxy electronically. If you received just a Notice by mail and would like to receive a printed copy of our proxy materials, you should follow the instructions for requesting such materials included in the Notice. Whether or not you expect to attend the Annual Meeting via virtual presence, please vote your shares by following the instructions on the Notice, your proxy card or your voting instruction form, as applicable, as promptly as possible in order to ensure your representation at the Annual Meeting. Even if you have voted by proxy, you may still vote online if you attend the Annual Meeting via virtual presence. Please note, however, that if your shares are held of record by a broker, bank, or other nominee and you wish to vote at the Annual Meeting, you must obtain a proxy card issued in your name from such broker, bank, or other nominee and register for the Annual Meeting in advance through our transfer agent, Computershare Trust Company, N.A. Once proof of your proxy po

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View this DEF 14A filing on SEC EDGAR