Willscot Holdings Corp 8-K Filing

FAQ

Key Financial Figures

• $0.0001 — ch registered Common stock, par value $0.0001 per share WSC The Nasdaq Capital Ma
• $41 million — lvage value, resulting in approximately $41 million of incremental rental equipment depreci
• $315 million — et units with a net book value of up to $315 million (before consideration of approximately
• $8 million — (before consideration of approximately $8 million in scrap proceeds) to enable these exit
• $311 million — al fleet units with a net book value of $311 million to be abandoned, representing approxima
• $25 million — er the next four years by approximately $25 million to $30 million, leave adequate idle fle
• $30 m — r years by approximately $25 million to $30 million, leave adequate idle fleet to mee
• $303 million — celerated depreciation of approximately $303 million (after consideration of scrap proceeds
• $40 million — enditures estimated to be approximately $40 million to $50 million recorded in future perio
• $50 million — ated to be approximately $40 million to $50 million recorded in future periods as the units
• $20 million — curring net cash costs of approximately $20 million in 2026 and believes these actions will

Filing Documents

• g085050_8k.htm (8-K) — 45KB
• image_001.jpg (GRAPHIC) — 4KB
• 0001753926-25-001926.txt ( ) — 220KB
• wsc-20251222.xsd (EX-101.SCH) — 3KB
• wsc-20251222_lab.xml (EX-101.LAB) — 33KB
• wsc-20251222_pre.xml (EX-101.PRE) — 22KB
• g085050_8k_htm.xml (XML) — 3KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 22, 2025 (December 18, 2025 ) WILLSCOT HOLDINGS CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-37552 82-3430194 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 6400 E McDowell Road , Suite 300 Scottsdale , Arizona 85257 (Address, including zip code, of principal executive offices) (480) 894-6311 (Registrant's telephone number, including area code) (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.0001 per share WSC The Nasdaq Capital Markets Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 2.05 Costs Associated with Exit or Disposal Activities Network Optimization Initiative As of September 30, 2025, WillScot Holdings Corporation ("the Company") operated a branch network consisting of approximately 400 physical properties, of which 260 locations were considered branch locations and the rest were considered drop lots. Real estate leases for branch locations are typically under long-term contracts that may include initial terms of five to ten years with one or two five-year extensions, whereas non-branch locations used for unit storage often have shorter contractual terms. This year, following the integration of its modular and storage field operations in 2024, the Company evaluated its real estate footprint on a property-by-property basis to opportunistically reduce overall real estate costs while maintaining market coverage as noted in the third quarter 2025 financial results press release and included on Form 10-Q for the period ended September 30, 2025. To exit certain real estate positions, the Company disposed of certain rental fleet units, with a primary focus on long idle, non-standard, or higher repair cost units, while maintaining adequate idle fleet to meet projected demand. During the eleven months ended November 30, 2025, rental equipment identified for disposal was depreciated to its salvage value, resulting in approximately $41 million of incremental rental equipment depreciation. During December of 2025, the Company finalized a plan for a multi-year network optimization initiative ("the Network Optimization Plan") based on a robust, strategic analysis, identifying additional real estate locations for exit. Exiting those locations necessitates the disposal of certain rental equipment. On December 18, 2025, the Company's Board of Directors approved the Network Optimization Plan as a restructuring plan involving exiting approximately 725 acres of leased real estate over the next four years, representing 115 branch and drop lot locations and approximately 25% of the Company's leased acreage, and abandoning rental fleet units with a net book value of up to $315 million (before consideration of approximately $8 million in scrap proceeds) to enable these exits. Management has identified rental fleet units with a net book value of $311 million to be abandoned, representing approximately 51,000 units (approximately 30,000 portable storage units and 21,000 modular space units), concentrated on long idle, non-standard, or higher repair cost units. The Company believes these actions will reduce expected annual real estate cost increases over the next four years by approximately $25 million to $30 million, leave adequate idle fleet to meet future projected demand, and maintain all market coverage and customer service capabilities. Significant costs associated with the Network Optimization Plan include non-cash accelerated depreciation of

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