McGrath RentCorp (Nasdaq: MGRC) announced the resignation of Elizabeth A. Fetter from its board of directors on August 1, 2024, after over ten years of service. Fetter, the first female independent director of the McGrath board, served as chair of the compensation committee for many years, working to diversify the board and contributing to the HR and compensation functions. Bradly M. Shuster, chairman of the board, expressed gratitude for Fetter's service, while Fetter herself stated pride in her tenure and excitement for the company's future.
McGrath RentCorp, a leading business-to-business rental company in North America, has a strong record of profitable business growth. Founded in 1979, its operations are focused on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses, while its TRS-RenTelco business offers electronic test equipment rental solutions. The company's rental product offerings and services are part of the circular supply economy, helping customers work more efficiently and manage their environmental footprint sustainably.
McGrath's focus on exceptional customer experiences has supported over 30 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies. As of the latest release, the company is headquartered in Livermore, California. The market has reacted to these announcements by moving the company's shares -4.5% to a price of $102.06. For the full picture, make sure to review McGrath RentCorp's 8-K report.
