McGrath RentCorp (NASDAQ: MGRC) Shareholder Proposals Voted on at 2024 Annual Meeting

On December 12, 2024, McGrath RentCorp (the “Company”) conducted its annual meeting of shareholders for 2024, where several proposals were presented and voted upon by the shareholders. The detailed outcomes of the voting are provided below. The proposals were outlined in the proxy statement submitted by the Company to the Securities and Exchange Commission on October 30, 2024.

Proposal 1 involved the Election of Directors. The voting results for each nominee were as follows:

– Nicolas C. Anderson: Votes For – 20,031,674; Votes Withheld – 52,415; Broker Non-Votes – 1,213,224
– Kimberly A. Box: Votes For – 19,991,932; Votes Withheld – 92,157; Broker Non-Votes – 1,213,224
– Smita Conjeevaram: Votes For – 19,922,443; Votes Withheld – 161,646; Broker Non-Votes – 1,213,224
– William J. Dawson: Votes For – 19,891,971; Votes Withheld – 183,819; Broker Non-Votes – 1,221,523
– Joseph F. Hanna: Votes For – 20,032,197; Votes Withheld – 51,892; Broker Non-Votes – 1,213,224
– Bradley M. Shuster: Votes For – 18,923,644; Votes Withheld – 1,128,489; Broker Non-Votes – 1,245,180

Proposal 2 was regarding the ratification of Grant Thornton LLP as the independent auditors for McGrath RentCorp for the year ending December 31, 2024. The voting outcome for this proposal was as follows:

– Votes For – 20,831,839
– Votes Against – 446,994
– Abstain – 18,480
– No Broker Non-Votes

Finally, Proposal 3 aimed to approve, on a non-binding, advisory basis, the compensation of the named executive officers of the Company with the following voting results:

– Votes For – 19,483,520
– Votes Against – 482,371
– Abstain – 118,196
– Broker Non-Votes – 1,213,226

McGrath RentCorp’s report was signed by Gilda Malek, the Vice President, General Counsel, and Corporate Secretary on behalf of the Company on December 16, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read McGrath RentCorp’s 8K filing here.

McGrath RentCorp Company Profile

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex.