UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 18, 2022
ALTA EQUIPMENT GROUP INC.
(Exact name of registrant as specified in its charter)
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Delaware | | 001-38864 | | 83-2583782 |
(State or other jurisdiction
of incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
13211 Merriman Road
Livonia, Michigan 48150
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (248) 449-6700
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common stock, $0.0001 par value per share | | ALTG | | The New York Stock Exchange |
Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value per share | | ALTG PRA | | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Alta Equipment Group Inc. (the “Company”) today announced that its Board of Directors (the “Board”) appointed Craig Brubaker, effective April 12, 2022, as Chief Operating Officer of the Company.
Craig Brubaker, age 51, served as the Company’s Vice President of Operations since January 2006. Mr. Brubaker joined the Company in June 1995 and has previously held positions as a Systems Manager, Rental Manager, General Service Manager and Regional Operations Manager. In his prior positions, Mr. Brubaker was responsible for the oversight of various operations functions of the Company. Mr. Brubaker holds a Bachelor of Science degree in Mechanical Engineering from the University of Toledo.
In connection with the promotion described in Item 5.02(c) above, Mr. Brubaker will receive an annual base salary of $252,000. In addition, he is eligible to receive an annual target cash bonus equal to 75% of his annual base salary and an annual target stock award equal to 50% of his annual base salary under the Company’s long-term incentive plan, both payable at the discretion of the Board. Mr. Brubaker is also eligible to participate in the benefit plans and arrangements made available generally to the Company’s executive officers. Any compensation and benefits awarded in connection with any future separation of Mr. Brubaker will be determined at the discretion of the Compensation Committee and may be based on the executive, his position, the nature of the potential separation, and his compliance with specified post-termination restrictive covenants.
There are no arrangements or understandings between Mr. Brubaker and any other persons pursuant to which Mr. Brubaker was selected to serve as the Company’s Chief Operating Officer.
Item 7.01 Regulation FD Disclosure.
On April 18, 2022, the Company issued a press release announcing the promotion of Craig Brubaker, a copy of which is attached hereto as Exhibit 99.1. The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated April 18, 2022, of Alta Equipment Group Inc.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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| | | ALTA EQUIPMENT GROUP INC. |
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Date: | April 18, 2022 | By: | /s/ Ryan Greenawalt |
| | | Name: Ryan Greenawalt Title: Chief Executive Officer |
