---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002498"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:41:10.192636+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# McGrath RentCorp VP Legal Affairs Melodie Craft resigns effective March 10, 2023

## Summary
- Separation agreement includes $345,000 cash payment (12 months base salary).
- Additional payments: $86,250 priority bonus, $19,724 COBRA subsidy, plus outplacement.
- Certain performance and restricted stock units vesting before May 1, 2023 become fully vested.
- Resignation mutual; benefits subject to non-disclosure, confidentiality, non-disparagement covenants.

## SEC filing metadata
- accession: 0000950170-23-002498
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752714/000095017023002498/0000950170-23-002498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000095017023002498/mgrc-20230210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002498
- JSON: https://secwatch.observer/filing/0000950170-23-002498.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002498.txt

## Key facts
- Executive change
  Melodie Craft resigned as Vice President Legal Affairs and Risk Management at MCGRATH RENTCORP.
  - Action: resigned
  - Role: Vice President Legal Affairs and Risk Management
  source text: On February 10, 2023, McGrath RentCorp (the “Company”) and Melodie Craft, the Vice President Legal Affairs and Risk Management of the Company, mutually agreed that Ms. Craft would resign from the Company effective as of March 10, 2023 (the “Separation Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/752714/000095017023002498/0000950170-23-002498-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.