secwatch.observer — SEC 8-K summary
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Issuer:     MCGRATH RENTCORP (MGRC)
CIK:        0000752714
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001193125-26-039337
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752714/000119312526039337/0001193125-26-039337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752714/000119312526039337/mgrc-20260205.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-039337

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