AMERCO (NASDAQ:UHAL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Board of Directors (the “Board”) of AMERCO, a Nevada corporation (the “Company”), unanimously elected Richard J. Herrera, age 63 to serve as a member of the Board, effective October 4, 2017, to fill the vacancy as a result of the passing of Board member Charles J. Bayer. Mr. Herrera will serve as a member of the Board until the 2018 Annual Meeting of Stockholders.
Mr. Herrera will be compensated in accordance with the Company’s standard compensation policies and practices for the Board. Mr. Herrera is not presently slated to serve on any committees of the Board. There are no arrangements or understandings between Mr. Herrera and any other persons to which he was selected as Director.
Mr. Herrera currently serves as a member of the Board of Directors of Amerco Real Estate Company. Mr. Herrera was employed as Marketing Vice President/Retail Sales Manager for U-Haul from 1988 to 2001, and served on the Company’s Board from 1993 to 2001 and the U-Haul International, Inc. Board from 1990 to 2001. Mr. Herrera also served on the AMERCO Advisory Board from 2007 to 2014. Mr. Herrera has a long history in the retail industry, including as Executive Vice President of Eastern Seaboard Packaging and Executive Vice President of ABUS Lock USA.
About AMERCO (NASDAQ:UHAL)
AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc. (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites. The Company operates through three segments: Moving and Storage; Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the operations of AMERCO, U-Haul and Amerco Real Estate Company, and the subsidiaries of U-Haul and Real Estate. The Property and Casualty Insurance segment consists of the operations of Repwest Insurance Company and its subsidiaries, and ARCOA Risk Retention Group. The Life Insurance segment consists of the operations of Oxford Life Insurance Company and its subsidiaries.