---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-221095"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2024-09-18T23:59:59+00:00"
generated_at: "2026-05-31T04:06:59.247997+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# McGrath terminates merger with WillScot, to receive $180M termination fee; board authorizes 2M share repurchase

## Summary
- Mutual termination of merger with WillScot effective Sept 17, 2024; McGrath receives $180M termination fee within 3 business days.
- Board increases share repurchase authorization to 2 million shares; timing subject to market conditions and legal requirements.
- Company to provide financial outlook, business strategy, and capital allocation update during Q3 earnings call on October 24, 2024.
- CEO highlights standalone strategy, commitment to customer focus and shareholder value; company has 33 consecutive years of dividend increases.

## SEC filing metadata
- accession: 0001193125-24-221095
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2024-09-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752714/000119312524221095/0001193125-24-221095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000119312524221095/d865558d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-221095
- JSON: https://secwatch.observer/filing/0001193125-24-221095.json
- Plain text: https://secwatch.observer/filing/0001193125-24-221095.txt

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