secwatch.observer — SEC 8-K summary
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Issuer:     WillScot Holdings Corp (WSC)
CIK:        0001647088
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001647088-24-000163
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WillScot Holdings appoints Tim Boswell as President/COO, Matt Jacobsen as CFO effective Jan 1, 2025
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- Tim Boswell transitions from President & CFO to new role as President & COO; Matt Jacobsen promoted from SVP Finance to CFO.
- Effective January 1, 2025; Boswell's salary rises to $800k (from $681.9k); annual equity target $2.2M (70% PSUs, 30% RSUs).
- Jacobsen employment agreement: $550k base salary, 85% target bonus, $1M annual equity target, 3-year initial term with auto-renewal.
- Boswell's amended agreement includes a $2.2M equity grant floor as a ‘Good Reason’ trigger for severance protections.
- Jacobsen's agreement includes 18-month non-compete, 24-month non-solicitation, and severance of 18 months' salary for termination without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000163/0001647088-24-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000163/wsc-20241210.htm
  HTML page:      https://secwatch.observer/filing/0001647088-24-000163

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