U-Haul DEF 14A: Executive Compensation Review

TL;DR

U-Haul's exec comp filing is out, showing equity award trends for PEOs and Non-PEOs over recent fiscal years.

AI Summary

U-Haul Holding Co. filed its DEF 14A on June 26, 2024, detailing executive compensation and corporate governance matters. The filing includes information on equity awards for PEO and Non-PEO members for fiscal years ending March 31, 2021, 2022, 2023, and 2024. Specific dollar amounts for these awards are not explicitly detailed in the provided snippet, but the structure indicates a review of compensation trends.

Why It Matters

This filing provides insight into how U-Haul compensates its top executives, which can influence company strategy and shareholder value.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing related to executive compensation and corporate governance, not indicating immediate financial distress or significant operational changes.

Key Players & Entities

• U-Haul Holding Co. /NV/ (company) — Filer
• AMERCO /NV/ (company) — Former Company Name

FAQ

Key Financial Figures

• $0.25 — Holding Company common stock, par value $0.25 per share, ("Voting Common Stock") as o
• $0 — es N non-voting common stock, par value $0.001, ("Non-Voting Common Stock"). Share

Filing Documents

• uhal-20240626.htm (DEF 14A) — 1317KB
• img153335481_0.jpg (GRAPHIC) — 2KB
• img153335481_1.jpg (GRAPHIC) — 214KB
• img153335481_2.jpg (GRAPHIC) — 150KB
• img153335481_3.jpg (GRAPHIC) — 169KB
• img153335481_4.jpg (GRAPHIC) — 396KB
• img153335481_5.jpg (GRAPHIC) — 489KB
• img153335481_6.jpg (GRAPHIC) — 204KB
• 0000950170-24-077846.txt ( ) — 5790KB
• uhal-20240626.xsd (EX-101.SCH) — 27KB
• uhal-20240626_htm.xml (XML) — 339KB

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ____) Filed by the Registrant [x] 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)) [x] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to 240.14a-12 U-HAUL HOLDING COMPANY (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): [x] No fee required. [ ] Fee paid previously with preliminary materials: [ ] Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 NOTICE OF THE 2024 ANNUAL MEETING OF STOCKHOLDERS OF U-HAUL HOLDING COMPANY DATE: Thursday, August 15, 2024 TIME: 9:00 a.m. Pacific Daylight Time / 12 noon Eastern Daylight Time PLACE: Shoen Family Conference and Fitness Center 45 E. Roanoke Rd, Phoenix, Arizona 85004 and webcast live at investors.uhaul.com Dear Fellow Stockholders: June 26, 2024 We look forward to the 2024 Annual Meeting of Stockholders ("2024 Annual Meeting") of U-Haul Holding Company (the "Company") and are pleased to once again offer our meeting materials over the internet and to webcast this annual meeting. We believe that using the internet to distribute our materials and to host the meeting will allow more stockholders to participate in the meeting. We also expect that this approach will lower costs associated with the meeting and is consistent with our environmental sustainability initiatives. During the meeting, three (3) proposals will be presented for consideration and approval: Proposal 1: The election of the following directors ("Directors"), each to hold office and serve as a member of the Board of Directors (the "Board") until the 2025 Annual Meeting of Stockholders: Edward J. Shoen, James E. Acridge, John P. Brogan, James J. Grogan, Richard J. Herrera, Karl A. Schmidt, Roberta R. Shank and Samuel J. Shoen. Proposal 2: The ratification of the appointment of Deloitte & Touche, LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2025. Proposal 3: A proposal received from Company stockholder proponents to ratify and affirm the decisions and actions taken by the Board and executive officers of the Company with respect to U-Haul Holding Company, its subsidiaries, and its various constituencies, for the fiscal year ended March 31, 2024. I encourage you to read the proxy statement for more information on each of these proposals, and to vote on each proposal. Holders of the Company's voting common stock at the close of business on the record date of June 18, 2024 are entitled to vote at either the Annual Meeting or by proxy. In addition, holders of voting common stock may also vote on any other business as may properly come before the 2024 Annual Meeting or any continuation, postponement or adjournment thereof. On such other business, to the maximum extent allowed by the Securities and Exchange Commission's proxy rules, New York Stock Exchange rules and any other applicable law, any proxy holders will vote as they determine in their discretion. I encourage stockholders to participate in the 2024 Annual Meeting via the webcast in order to reduce the carbon footprint resulting from the meeting. I also encourage holders of voting common stock to vote, whether or not you attend or participate in the meeting. The Board has fixed the close of business on June 18, 2024, as the record date for determination of stockholders entitled to notice of and to vote at the 2024 Annual Meeting or any continuation, adjournment or postponement thereof. If you vote over the internet or by telephone, your vote must be received by 11:59 p.m. Eastern Daylight Time on August 14, 2024, for shares held directly, and by 11:59 p.m. Eastern Daylight Time on August 12, 2024, for shares held in a Plan to be counted. Mail-in ballots should be mailed by August 1, 2024. Sincerely yours, /s/ Edward J. Shoen Edward J. Shoen Chairman and President TABLE OF CONTENTS Page Questions and Answers About These Proxy Materials and Voting 2 Proposal 1 – The Election of Directors 6 Compensation Discussion and Analysis 7 Compensation Committee Report 9 Summary Compensation Table 10 CEO Pay Ratio 11 Pay versus Performance 12 Independent Registered Public Accounting Firm 18 Proposal 2 –Ratification of Appointment of Independent Registered Public Accounting Firm 20 Proposal 3 – Stockholder Proposal Regarding Ratification of the Decisions and Actions of the Board of Directors and Executive Officers for Fiscal 2024 20 Boar

View Full Filing

View this DEF 14A filing on SEC EDGAR