AMERCO (NASDAQ:UHAL) Files An 8-K Other EventsItem 8.01. Other Items
As previously disclosed, U-Haul Co. of Pennsylvania (“UHPA”) was advised in April 2018 that it was the target of an investigation by the U.S. Attorney’s Office for the Eastern District of Pennsylvania relating to the July 1, 2014 explosion of a 100-pound propane cylinder in use on a food truck, which cylinder was allegedly filled at a UHPA center. On June 12, 2018 UHPA was indicted by a grand jury in the U.S. District Court for the Eastern District of Pennsylvania. The six-count indictment charges UHPA with allegedly improperly filling propane cylinders that were overdue for periodic requalification; offering such cylinders for transportation; and failing to train and certify a UHPA employee dispensing propane.
UHPA is evaluating the indictment and intends to vigorously defend itself against the allegations and charges.
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.