---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-25-001926"
form_type: "8-K"
ticker: "WSC"
cik: "0001647088"
company_name: "WillScot Holdings Corp"
filed_at: "2025-12-22T23:59:59+00:00"
generated_at: "2026-05-16T12:25:17.401996+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WillScot Board approves network optimization plan; $303M accelerated depreciation in Q4 2025

## Summary
- Plan exits ~725 acres (115 locations, 25% of leased acreage) over 4 years; abandon 51,000 rental units with $311M NBV.
- Non-cash accelerated depreciation of ~$303M in Q4 2025; future cash disposal costs $40–50M through 2029.
- Net cash costs ~$20M in 2026; expects actions to be accretive to profitability from 2027 onward.
- Rental fleet units (30k portable storage, 21k modular space) focused on long idle, non-standard, or high repair cost units.
- Plan follows 2024 field ops integration; maintains all market coverage and customer service capabilities.

## SEC filing metadata
- accession: 0001753926-25-001926
- form_type: 8-K
- ticker: WSC
- cik: 0001647088
- company_name: WillScot Holdings Corp
- filed_at: 2025-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647088/000175392625001926/0001753926-25-001926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647088/000175392625001926/g085050_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-25-001926
- JSON: https://secwatch.observer/filing/0001753926-25-001926.json
- Plain text: https://secwatch.observer/filing/0001753926-25-001926.txt

## Source-grounded claims
- claim_id: 0de8d69d0291f85eb9436918022e883da900a26c
  claim: WillScot Holdings Corp announced a restructuring with charges of non-cash accelerated depreciation of approximately $303 million (after consideration of scrap proceeds of approximately $8 million) affecting branch network consisting of approximately 400 physical properties.
  evidence_excerpt: Significant costs associated with the Network Optimization Plan include non-cash accelerated depreciation of approximately $303 million (after consideration of scrap proceeds of approximately $8 million) recorded in the fourth quarter of 2025 and unit disposal costs requiring future cash expenditures estimated to be approximately $40 million to $50 million recorded in future periods as the units are disposed through 2029.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1647088/000175392625001926/0001753926-25-001926-index.htm
- claim_id: 3acc6de6de4c1c70c39658f5669efc9a8330922e
  claim: WillScot Holdings Corp announced a restructuring with charges of unit disposal costs requiring future cash expenditures estimated to be approximately $40 million to $50 million affecting branch network consisting of approximately 400 physical properties.
  evidence_excerpt: Significant costs associated with the Network Optimization Plan include non-cash accelerated depreciation of approximately $303 million (after consideration of scrap proceeds of approximately $8 million) recorded in the fourth quarter of 2025 and unit disposal costs requiring future cash expenditures estimated to be approximately $40 million to $50 million recorded in future periods as the units are disposed through 2029.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1647088/000175392625001926/0001753926-25-001926-index.htm

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