secwatch / observer

MCGRATH RENTCORP — fact timeline

Source-grounded facts extracted from MCGRATH RENTCORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MGRC MCGRATH RENTCORP JSON
Shareholder Votes

MCGRATH RENTCORP shareholders approved To approve on a non-binding, advisory basis, the compensation of the Company’s named executive officers at the 2026-06-03 meeting.

“Proposal 4. To approve on a non-binding, advisory basis, the compensation of the Company’s named executive officers. Votes For Votes Against Abstain Broker Non-Votes 19,503,243 392,629 285,048 1,346,820”
Shareholder Votes

MCGRATH RENTCORP shareholders approved To ratify the appointment of Grant Thornton LLP as the independent auditors for the Company for the year ending December 31, 2026 at the 2026-06-03 meeting.

“Proposal 3. To ratify the appointment of Grant Thornton LLP as the independent auditors for the Company for the year ending December 31, 2026. Votes For Votes Against Abstain Broker Non-Votes 20,572,569 942,106 13,065 None”
Shareholder Votes

MCGRATH RENTCORP shareholders approved To approve the amendment and restatement of the Company's 2016 Stock Incentive Plan as the Amended and Restated 2026 Stock Incentive Plan at the 2026-06-03 meeting.

“Proposal 2. To approve the amendment and restatement of the Company's 2016 Stock Incentive Plan (the "2016 Plan") as the Amended and Restated 2026 Stock Incentive Plan (the “2026 Plan”) and to: (i) increase the number of authorized shares of the Company’s Common Stock issuable under the 2026 Plan by 576,108 shares; (ii) re-approve the Internal Revenue Code Section 162(m) performance criteria and award limits; (iii) set minimum vesting periods for certain awards; (iv) set annual limits on the grant date fair value of awards to our non-employee directors; and (v) extend the term of the 2026 Plan for ten years from the date of shareholder approval. Votes For Votes Against Abstain Broker Non-Votes 19,600,863 515,299 64,758 1,346,820”
Shareholder Votes

MCGRATH RENTCORP shareholders approved Election of Directors at the 2026-06-03 meeting.

“Proposal 1. Election of Directors. Name of Nominee Votes For Votes Withheld Broker Non-Votes Nicolas C. Anderson 19,770,773 410,147 1,346,820 Kimberly A. Box 19,580,605 600,315 1,346,820 Smita Conjeevaram 18,501,270 1,679,650 1,346,820 William J. Dawson 19,601,162 579,758 1,346,820 Joseph F. Hanna 19,944,209 236,710 1,346,820 Philip B. Hawkins 20,077,274 103,645 1,346,820 Bradley M. Shuster 18,934,534 1,246,386 1,346,820”
Material Agreements

MCGRATH RENTCORP entered into Third Amended and Restated Credit Agreement with Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer, BofA Securities, Inc., as Joint Lead Arranger and Sole Bookrunner, U.S. Bank N.A. and Wells Fargo Bank, N.A. as Joint Lead Arrangers and Co-Syndication Agents, and a syndicate of other lenders valued at $725,000,000 (effective 2026-05-08).

“On May 8, 2026, McGrath RentCorp, a California corporation (the “Company”), entered into a Third Amended and Restated Credit Agreement”
Debt Financings

MCGRATH RENTCORP amended revolving credit of $725,000,000 with Bank of America, N.A. maturing May 8, 2031.

“On May 8, 2026, McGrath RentCorp, a California corporation (the “Company”), entered into a Third Amended and Restated Credit Agreement with (i) Bank of America, N.A., serving as Administrative Agent, Swingline Lender and L/C Issuer, (ii) BofA Securities, Inc., serving as Joint Lead Arranger and Sole Bookrunner, (iii) U.S.”
Earnings Releases

MCGRATH RENTCORP reported first quarter ended March 31, 2026 results: revenue $198.5 million, net income $27.0 million, EPS $1.10 per diluted share.

“McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended March 31, 2026 of $198.5 million, an increase of 2% compared to the first quarter of 2025. The Company reported net income of $27.0 million, or $1.10 per diluted share, for the first quarter of 2026, compared to net income of $28.2 million, or $1.15 per diluted share, for the first quarter of 2025.”
Governance Changes

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).

“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.”
Debt Financings

MCGRATH RENTCORP incurred senior notes of $75 million with The Prudential Insurance Company of America and PruCo Life Insurance Company of New Jersey at 5.30% per annum maturing September 8, 2032.

“RentCorp (the “ Company ”) issued and sold to The Prudential Insurance Company of America and PruCo Life Insurance Company of New Jersey (collectively, the “ Purchaser ”) $75 million aggregate principal amount of its 5.30% Series G Senior Notes pursuant to the terms of the Second Amended and Restated Note Purchase and Private Shelf Agreement, dated June 8,”

David M. Whitney was appointed as Senior Vice President, Chief Accounting Officer at MCGRATH RENTCORP.

“Effective January 13, 2025, the Board of Directors (the “Board”) of McGrath RentCorp (the “Company”) appointed David M. Whitney as Senior Vice President, Chief Accounting Officer of the Company.”

Philip B. Hawkins was appointed as Chief Operating Officer at MCGRATH RENTCORP.

“Effective January 13, 2025, the Board of Directors (the “Board”) of McGrath RentCorp (the “Company”) appointed Philip B. Hawkins as Chief Operating Officer of the Company.”
Governance Changes

MCGRATH RENTCORP: Amended and restated bylaws to decrease the fixed number of directors from seven to six (effective 2024-10-15).

“Effective as of October 15, 2024, the Board of Directors of McGrath RentCorp (the “Company”) approved the amendment and restatement of the Company’s bylaws (the “A&R Bylaws”). The sole modification is to amend Section 3.02 of the A&R Bylaws to decrease the fixed number of directors serving on the Board from seven to six.”

Elizabeth A. Fetter resigned as Director at MCGRATH RENTCORP.

“On August 1, 2024, Elizabeth A. Fetter, a member of the board of directors (the “Board”) of McGrath RentCorp (the “Company”) resigned from the Board, and all other positions she held as a member of any committee of the Board, effective immediately.”
Earnings Releases

MCGRATH RENTCORP reported first quarter ended March 31, 2024 results: revenue $187.8 million, net income $22.8 million, EPS $0.93 per diluted share.

“total revenues from continuing operations for the quarter ended March 31, 2024 of $187.8 million, an increase of 15% compared to the first quarter of 2023. The Company reported net income from continuing operations of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024”
Earnings Releases

MCGRATH RENTCORP reported fourth quarter ended December 31, 2023 results: revenue $221.6 million, net income $32.0 million, EPS $1.30 per diluted share.

“MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended December 31, 2023 of $221.6 million, an increase of 21% compared to the fourth quarter of 2022. The Company reported net income from continuing operations of $32.0 million, or $1.30 per diluted share, for the”
Earnings Releases

MCGRATH RENTCORP reported financial results for third quarter ended September 30, 2023.

“On October 26, 2023, McGrath RentCorp (the “Company”) announced via press release the Company’s results for its third quarter ended September 30, 2023.”
Debt Financings

MCGRATH RENTCORP incurred senior notes of $75 million aggregate principal amount with The Prudential Insurance Company of America at 6.25% per annum maturing September 27, 2030.

“On September 27, 2023, McGrath RentCorp (the “ Company ”) issued and sold to The Prudential Insurance Company of America (the “ Purchaser ”) $75 million aggregate principal amount of its 6.25% Series F Senior Notes pursuant to the terms of the Second Amended and Restated Note Purchase and Private Shelf Agreement, dated June 8, 2023 (the “ Note Purchase Agreement ”), among the Company, certain of the Company’s subsidiaries, PGIM, Inc., and each other purchaser party thereto.”
Earnings Releases

MCGRATH RENTCORP reported financial results for second quarter ended June 30, 2023.

“On July 27, 2023, McGrath RentCorp (the “Company”) announced via press release the Company’s results for its second quarter ended June 30, 2023.”
Debt Financings

MCGRATH RENTCORP amended senior notes of $40.0 million aggregate principal amount of its 2.57% Series D Senior Notes due March 17, 2028, and (ii) $60.0 million a with PGIM, Inc. at 2.57% and 2.35% maturing March 17, 2028 and June 16, 2026.

“On June 8, 2023, McGrath RentCorp (the “Company”) entered into a Second Amended and Restated Note Purchase and Private Shelf Agreement (the “Note Purchase Agreement”) with PGIM, Inc. and the holders of Series D and Series E Notes previously issued pursuant to that certain Amended and Restated Note Purchase and Private Shelf Agreement, dated March 31, 2020 (as amended, the “Prior NPA”), among the Company and the other parties to the Amended and Restated Note Purchase Agreement.”
Material Agreements

MCGRATH RENTCORP amended Second Amended and Restated Note Purchase and Private Shelf Agreement with PGIM, Inc. and the holders of Series D and Series E Notes (effective 2023-06-08).

“On June 8, 2023, McGrath RentCorp (the “Company”) entered into a Second Amended and Restated Note Purchase and Private Shelf Agreement (the “Note Purchase Agreement”) with PGIM, Inc. and the holders of Series D and Series E Notes previously issued pursuant to that certain Amended and Restated Note Purchase and Private Shelf Agreement, dated March 31, 2020 (as amended, the “Prior NPA”), among the Company and the other parties to the Amended and Restated Note Purchase Agreement.”
Shareholder Votes

MCGRATH RENTCORP shareholders voted on To recommend, in a non-binding vote, the frequency of future non-binding shareholder votes to approve the compensation of the Company’s named executive officers..

“Proposal 4. To recommend, in a non-binding vote, the frequency of future non-binding shareholder votes to approve the compensation of the Company’s named executive officers. 1 Year 2 Years 3 Years Abstain Broker Non-Votes 18,341,189 39,885 1,435,035 126,351 1,231,906”
Shareholder Votes

MCGRATH RENTCORP shareholders approved To approve, in a non-binding vote, the compensation of the Company’s named executive officers..

“Proposal 3. To approve, in a non-binding vote, the compensation of the Company’s named executive officers. Votes For Votes Against Abstain Broker Non-Votes 19,280,113 525,166 137,181 1,231,906”
Shareholder Votes

MCGRATH RENTCORP shareholders approved To ratify the appointment of Grant Thornton LLP as the independent auditors for the Company for the year ending December 31, 2023. at the 2023-12-31 meeting.

“Proposal 2. To ratify the appointment of Grant Thornton LLP as the independent auditors for the Company for the year ending December 31, 2023. Votes For Votes Against Abstain Broker Non-Votes 20,698,270 367,748 108,348 None”
Shareholder Votes

MCGRATH RENTCORP shareholders approved Election of Directors..

“Proposal 1. Election of Directors. Name of Nominee Votes For Votes Withheld Broker Non-Votes Nicolas C. Anderson 19,686,371 256,089 1,231,906 Kimberly A. Box 19,719,319 223,141 1,231,906 Smita Conjeevaram 18,239,533 1,702,927 1,231,906 William J. Dawson 19,638,443 304,017 1,231,906 Elizabeth A. Fetter 19,814,948 127,512 1,231,906 Joseph F. Hanna 19,861,155 81,305 1,231,906 Bradley M. Shuster 18,603,577 1,338,883 1,231,906”

M. Richard Smith resigned as Director at MCGRATH RENTCORP.

“At the 2023 annual meeting of shareholders held on June 7, 2023 (the “Annual Meeting”), Messrs. Dennis P. Stradford and M. Richard Smith did not stand for reelection and resigned as of the Annual Meeting.”

Dennis P. Stradford resigned as Director at MCGRATH RENTCORP.

“At the 2023 annual meeting of shareholders held on June 7, 2023 (the “Annual Meeting”), Messrs. Dennis P. Stradford and M. Richard Smith did not stand for reelection and resigned as of the Annual Meeting.”
Earnings Releases

MCGRATH RENTCORP reported its first quarter ended March 31, 2023 results: revenue $173.2 million, net income $71.7 million, EPS $2.92 per diluted share. Guidance raised.

“total revenues for the quarter ended March 31, 2023 of $173.2 million, an increase of 19%, compared to the first quarter of 2022. The Company reported net income of $71.7 million, or $2.92 per diluted share, for the first quarter of 2023”
Earnings Releases

MCGRATH RENTCORP reported financial results for its fourth quarter ended December 31, 2022.

“On February 22, 2023, McGrath RentCorp (the “Company”) announced via press release the Company’s results for its fourth quarter ended December 31, 2022.”

Melodie Craft resigned as Vice President Legal Affairs and Risk Management at MCGRATH RENTCORP.

“On February 10, 2023, McGrath RentCorp (the “Company”) and Melodie Craft, the Vice President Legal Affairs and Risk Management of the Company, mutually agreed that Ms. Craft would resign from the Company effective as of March 10, 2023 (the “Separation Date”).”
M&A Transactions

MCGRATH RENTCORP completed an acquisition involving Vesta Housing Solutions Investor, LLC for $400 million (closed 2023-02-01).

“On February 1, 2023, the Company entered into a stock purchase agreement (the “ Vesta SPA ”) with Vesta Housing Solutions Investor, LLC, a Delaware limited liability company (“ Vesta Seller ”), and Vesta Housing Solutions Holdings, Inc., a Delaware corporation (“ Vesta ”), providing for the purchase by the Company of all of the fully diluted issued and outstanding equity interests of Vesta for a purchase price of $400 million.”
M&A Transactions

MCGRATH RENTCORP completed a disposition involving Ironclad Environmental Solutions, Inc. for $265 million (closed 2023-02-01).

“On February 1, 2023, McGrath RentCorp (the “ Company ”) entered into an equity purchase agreement (the “ Adler EPA ”) with Adler Tank Rentals, LLC, a Delaware limited liability company (“ Adler ”), and Ironclad Environmental Solutions, Inc., a Delaware corporation (“ Ironclad ”) providing for the sale of all of the fully diluted issued and outstanding equity interests of Adler by the Company for a sale price of $265 million.”
Material Agreements

MCGRATH RENTCORP entered into Vesta Housing Solutions Stock Purchase Agreement with Vesta Housing Solutions Investor, LLC and Vesta Housing Solutions Holdings, Inc. valued at $400,000,000 (effective 2023-02-01).

“On February 1, 2023, the Company entered into a stock purchase agreement (the “ Vesta SPA ”) with Vesta Housing Solutions Investor, LLC, a Delaware limited liability company (“ Vesta Seller ”), and Vesta Housing Solutions Holdings, Inc., a Delaware corporation (“ Vesta ”), providing for the purchase by the Company of all of the fully diluted issued and outstanding equity interests of Vesta for a purchase price of $400 million.”
Material Agreements

MCGRATH RENTCORP entered into Adler Tank Rentals Equity Purchase Agreement with Adler Tank Rentals, LLC and Ironclad Environmental Solutions, Inc. valued at $265,000,000 (effective 2023-02-01).

“On February 1, 2023, McGrath RentCorp (the “ Company ”) entered into an equity purchase agreement (the “ Adler EPA ”) with Adler Tank Rentals, LLC, a Delaware limited liability company (“ Adler ”), and Ironclad Environmental Solutions, Inc., a Delaware corporation (“ Ironclad ”) providing for the sale of all of the fully diluted issued and outstanding equity interests of Adler by the Company for a sale price of $265 million.”

Nicolas (Nic) Anderson was appointed as member of the Board at MCGRATH RENTCORP.

“On October 24, 2022, the Board of Directors (the “Board”) of McGrath RentCorp (the “Company”) appointed Nicolas (Nic) Anderson as a member of the Company’s Board, with such election effective as of December 1, 2022, to serve until the 2023 annual meeting of shareholders and such time as his successor is duly elected and qualified.”
Earnings Releases

MCGRATH RENTCORP reported financial results for third quarter ended September 30, 2022.

“announced via press release the Company’s results for its third quarter ended September 30, 2022”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.