Alta Equipment Board Changes & Share Price Drop

Alta Equipment Group Inc. (NYSE: ALTG) has announced changes to its Board of Directors, effective immediately. Katherine White has been appointed as the Chair of the Nominating and Governance Committee, while Sidhartha Nair, who recently joined the Board in February 2024, will now serve as the Chair of the Compensation Committee.

Following these appointments, Zachary Savas has resigned from the Board, effective immediately, after informing the company of his decision on April 8, 2024. The Board expressed gratitude for Mr. Savas' years of service and wished him well in his future endeavors.

Alta Equipment Group Inc. operates one of the largest integrated equipment dealership platforms in North America, with a branch network spanning over 80 locations across various U.S. states and Canadian provinces. The company provides a wide range of specialized equipment, including lift trucks, heavy and compact earthmoving equipment, crushing and screening equipment, cranes, paving and asphalt equipment, and more, along with parts and service support.

Today the company's shares have moved -3.7% to a price of $12.38. Check out the company's full 8-K submission here.

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