---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-039337"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:39:42.901702+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-039337
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752714/000119312526039337/0001193125-26-039337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000119312526039337/mgrc-20260205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-039337
- JSON: https://secwatch.observer/filing/0001193125-26-039337.json
- Plain text: https://secwatch.observer/filing/0001193125-26-039337.txt

## Source-grounded claims
- claim_id: 9ec110a114b2f48847ac733789740fa48e330ada
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/752714/000119312526039337/0001193125-26-039337-index.htm

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