EUR/USD likely to find a peak near 1.25: UBS
McGrath RentCorp (NASDAQ:MGRC), a $2.79 billion equipment rental and leasing services company with a "GREAT" financial health rating according to InvestingPro, announced today that it plans to hold its 2025 Annual Meeting of Shareholders on June 4, 2025. The company, which maintains a healthy P/E ratio of 12 and has raised its dividend for 27 consecutive years, set the record date for determining eligible voting shareholders for the close of business on April 17, 2025.
This announcement, based on a recent filing with the U.S. Securities and Exchange Commission, also specifies that the 2025 Annual Meeting will deviate from the previous year’s schedule. The 2024 Annual Meeting took place on December 12, 2024, which means the upcoming meeting is scheduled more than 30 days prior to the anniversary of the last meeting. For investors interested in deeper insights into McGrath RentCorp’s corporate governance and financial metrics, InvestingPro offers comprehensive analysis through its Pro Research Report, available for over 1,400 US stocks. Consequently, the deadlines for shareholder proposals submission under Rule 14a-8 are no longer applicable.
Instead, McGrath RentCorp has established new deadlines. Shareholders intending to present proposals for inclusion in the proxy statement must submit their proposals in writing by the close of business on March 31, 2025. Proposals must comply with California law, the company’s by-laws, and SEC regulations.
For director nominations and other proposals not intended for inclusion in the proxy materials but to be presented at the meeting, the same deadline applies. Late submissions will not be considered.
Moreover, in accordance with the universal proxy rules, shareholders planning to solicit proxies for alternative director nominees must provide the necessary information as per Rule 14a-19 by March 31, 2025.
McGrath RentCorp emphasizes that any adjournment or postponement of the 2025 Annual Meeting date will not initiate a new period for submitting proposals under Rule 14a-8.
This information is intended to inform shareholders of McGrath RentCorp about the upcoming Annual Meeting and the associated deadlines for active participation. The company, which maintains a strong current ratio of 1.81 and operates with moderate debt levels, will file its definitive proxy statement detailing the time and location of the meeting with the SEC at a later date. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with analysts setting price targets between $139 and $152.
In other recent news, McGrath RentCorp announced the appointment of David M. Whitney as its new Senior Vice President and Chief Accounting Officer. This appointment was disclosed in a filing with the Securities and Exchange Commission. Whitney has been with McGrath RentCorp since 2000, having previously served as Corporate Controller and later as Vice President, Principal Accounting Officer. His background also includes a role as Manager of Regional Accounting for The Permanente Medical (TASE:BLWV) Group. The company’s Board of Directors confirmed that Whitney’s compensation will remain unchanged with his new position. Additionally, there are no arrangements or understandings related to his appointment, nor does he have any material interest in transactions requiring disclosure under SEC regulations. Whitney is married to Kristina Van Trease, who is also a Senior Vice President at McGrath RentCorp. This leadership change is part of the company’s ongoing management structure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.