Alta Equipment Board Changes & Share Price Drop

By Bobby Samwell • Monday, April 15 06:00 • Permanent Link

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.