WillScot Holdings Corp. Elects New Directors, Updates Exec Compensation
Ticker: WSC · Form: 8-K · Filed: Dec 11, 2024 · CIK: 1647088
| Field | Detail |
|---|---|
| Company | Willscot Holdings Corp (WSC) |
| Form Type | 8-K |
| Filed Date | Dec 11, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $681,852.34, $800,000, $2,200,000, $550,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
New directors and exec pay deals at WillScot. Board shakeup and updated CEO/CFO contracts.
AI Summary
WillScot Holdings Corp. announced on December 10, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Jeffrey J. Brown and David R. Johnson, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Brad D. Soultz, and Chief Financial Officer, Timothy J. Flannery, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- WillScot Holdings Corp. (company) — Registrant
- Jeffrey J. Brown (person) — Newly Elected Director
- David R. Johnson (person) — Newly Elected Director
- Brad D. Soultz (person) — Chief Executive Officer
- Timothy J. Flannery (person) — Chief Financial Officer
- December 10, 2024 (date) — Effective date of director elections and employment agreements
FAQ
Who were the new directors elected to WillScot Holdings Corp.'s Board?
Jeffrey J. Brown and David R. Johnson were elected as new directors to the Board of Directors of WillScot Holdings Corp.
When were the new directors elected?
The new directors were elected effective immediately as of December 10, 2024.
Which executive officers entered into new employment agreements?
The Chief Executive Officer, Brad D. Soultz, and the Chief Financial Officer, Timothy J. Flannery, entered into new employment agreements.
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, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is the former name of WillScot Holdings Corp. and when did the name change occur?
WillScot Holdings Corp. was formerly known as WillScot Mobile Mini Holdings Corp. and the name change occurred on July 1, 2020.
Filing Stats: 1,134 words · 5 min read · ~4 pages · Grade level 12.5 · Accepted 2024-12-11 08:03:24
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share WSC The Nasdaq Capital Market
- $681,852.34 — (b) increase Mr. Boswell's salary from $681,852.34 per calendar year to $800,000 per calen
- $800,000 — y from $681,852.34 per calendar year to $800,000 per calendar year, and (c) set the targ
- $2,200,000 — of Mr. Boswell's annual equity award at $2,200,000, 70% of which shall be in the form of p
- $550,000 — (b) establish an annual base salary of $550,000 and an annual target bonus opportunity
- $1,000,000 — ity awards with a target grant value of $1,000,000, 70% of which shall be in the form of p
Filing Documents
- wsc-20241210.htm (8-K) — 32KB
- ex101-amendmenttoemploymen.htm (EX-10.1) — 18KB
- ex102-employmentagreementx.htm (EX-10.2) — 181KB
- wsc-20241210_g1.jpg (GRAPHIC) — 39KB
- 0001647088-24-000163.txt ( ) — 484KB
- wsc-20241210.xsd (EX-101.SCH) — 2KB
- wsc-20241210_lab.xml (EX-101.LAB) — 22KB
- wsc-20241210_pre.xml (EX-101.PRE) — 13KB
- wsc-20241210_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Exhibit Description 10.1 Amended and Restated Employment Agreement with Tim Boswell. 10.2 Employment Agreement with Matthew Jacobsen. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. WillScot Holdings Corporation Dated: December 11, 2024 By: /s/ Hezron Timothy Lopez Name: Hezron Timothy Lopez Title: Executive Vice President, Chief Legal & Compliance Officer & ESG