secwatch.observer — SEC 8-K summary
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Issuer:     MCGRATH RENTCORP (MGRC)
CIK:        0000752714
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0000950170-23-002498
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752714/000095017023002498/0000950170-23-002498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752714/000095017023002498/mgrc-20230210.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002498

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer