McGrath RentCorp CEO Joseph Hanna to retire April 3, 2026; Philip Hawkins appointed CEO

MCGRATH RENTCORP

Joseph F. Hanna to retire as President and CEO effective April 3, 2026; will remain on board.
Philip B. Hawkins, current EVP and COO, appointed as President and CEO, effective same date.
Board amends bylaws to increase director count from six to seven for Hawkins' board appointment.
Hawkins' compensation: $700k base salary, target bonus 100% of base (25% individual, 75% company metrics).
Equity grant of $2.5M at grant date, split 50% RSUs and 50% PSUs.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

MCGRATH RENTCORP: Increased fixed number of directors from six to seven by amending Section 3.2 of the A&R Bylaws (effective 2026-04-03).

Change: bylaw amendment
Effective: 2026-04-03

Exact text from the filing

the Board approved the amendment and restatement of the Company’s bylaws (the “A&R Bylaws”). The sole modification is to amend Section 3. 2 of the A&R Bylaws to increase the fixed number of directors serving on the Board from six to seven.

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Source: SEC EDGAR

accession 0001193125-26-039337

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