McGRATH RENTCORP (NASDAQ:MGRC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Dennis C. Kakures, the President and Chief Executive Officer of
McGrath RentCorp (the Company) announced his early retirement
from the Company, effective February 17, 2017. Effective as of
the same date, Mr. Kakures resigned from the board of directors
of the Company. Mr. Kakures will assist the Company in the
transition as a consultant.
Item 8.01. Other Events.
On February 17, 2017, McGrath RentCorp (the Company) issued a
press release, dated February 17, 2017, associated with Mr.
Kakures early retirement and resignation as a member of the
Companys board of directors. A copy of the Companys press release
is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Press Release of McGrath RentCorp, dated February 17, 2017.
About McGRATH RENTCORP (NASDAQ:MGRC)
McGrath RentCorp is a diversified business-to-business rental company with four rental divisions: relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The Company operates in four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage division. The TRS-RenTelco rents and sells electronic test equipment. The Adler Tanks segment offers tanks and boxes used to store hazardous and non-hazardous liquids and solids. Enviroplex manufactures portable classrooms. McGRATH RENTCORP (NASDAQ:MGRC) Recent Trading Information
McGRATH RENTCORP (NASDAQ:MGRC) closed its last trading session up +0.04 at 38.78 with 64,447 shares trading hands.