United Rentals Files 8-K on Officer Changes and Compensation
Ticker: URI · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1067701
Sentiment: neutral
Topics: corporate-governance, executive-compensation, officer-changes
Related Tickers: URI
TL;DR
URI filed an 8-K detailing leadership changes and executive pay.
AI Summary
United Rentals, Inc. filed an 8-K on January 17, 2025, to report on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. The filing also covers Regulation FD disclosures and financial statements and exhibits.
Why It Matters
This filing provides crucial updates on the company's leadership and executive compensation, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and executive matters, not indicating immediate financial distress or significant operational shifts.
Key Players & Entities
- UNITED RENTALS, INC. (company) — Filer
- UNITED RENTALS NORTH AMERICA INC (company) — Related Entity
FAQ
What specific officer positions were affected by the changes reported in this 8-K?
The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers', but the specific positions are not detailed in the provided text.
When was this 8-K filing submitted?
This 8-K filing was submitted on January 17, 2025.
What are the main topics covered by this 8-K filing?
The main topics include the departure/election/appointment of directors and officers, compensatory arrangements, Regulation FD disclosures, and financial statements and exhibits.
What is the Standard Industrial Classification (SIC) code for United Rentals, Inc.?
The SIC code for United Rentals, Inc. is 7359, which corresponds to SERVICES-EQUIPMENT RENTAL & LEASING, NEC.
What is the fiscal year end for United Rentals, Inc.?
The fiscal year end for United Rentals, Inc. is December 31.
Filing Stats: 809 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2025-01-17 08:40:01
Key Financial Figures
- $0.01 — e on which registered Common Stock, $0.01 par value, of United Rentals, Inc. UR
- $120,000 — ill receive (i) annual retainer fees of $120,000 for serving as director; and (ii) an an
- $175,000 — tor; and (ii) an annual equity grant of $175,000 (which will be pro-rated for 2025, her
Filing Documents
- uri-20250117.htm (8-K) — 51KB
- uri-ex99_1.htm (EX-99.1) — 12KB
- img52397177_0.jpg (GRAPHIC) — 133KB
- 0000950170-25-006494.txt ( ) — 394KB
- uri-20250117.xsd (EX-101.SCH) — 50KB
- uri-20250117_htm.xml (XML) — 7KB
02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. Effective January 17, 2025, the Board of Directors (the "Board") of United Rentals, Inc. (the "Company") approved increasing the size of the Board from ten (10) directors to eleven (11) directors and Julie M. Heuer Brandt as an independent director of the Company to fill the vacancy. As compensation for her service on the Board, Ms. Brandt will receive (i) annual retainer fees of $120,000 for serving as director; and (ii) an annual equity grant of $175,000 (which will be pro-rated for 2025, her initial year of appointment) in fully vested restricted stock units, generally to be paid after three years (subject to acceleration in certain circumstances). Ms. Brandt also will be eligible to participate in a medial benefits program (comparable to that offered to our employees), at her own cost, and in the Company's Deferred Compensation Plan for Directors, under which our non-employee directors may elect to defer receipt of the fees that would otherwise be payable to them. In accordance with the Company's customary practice, the Company entered into an indemnification agreement with Ms. Brandt substantially in the form filed as Exhibit 10(a) to the Company's Form 10-Q filed on October 15, 2014. Board committee appointments will be decided at a future date. There are no arrangements or understandings between Ms. Brandt and any other persons pursuant to which she was selected as a director, and there are no transactions involving Ms. Brandt that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the press release issued by the Company on January 17, 2025, which announces the appointment of Ms. Brandt, is attached hereto as Exhibit 99.1. The copy of the Company's press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by referenced into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release of United Rentals, Inc. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 17, 2025 UNITED RENTALS, INC. By: /s/ Joli L. Gross Name: Joli L. Gross Title: Senior Vice President, Chief Legal and Sustainability Officer, Corporate Secretary UNITED RENTALS (NORTH AMERICA) , INC. By: /s/ Joli L. Gross Name: Joli L. Gross Title: Senior Vice President, Chief Legal and Sustainability Officer, Corporate Secretary