01—Abstract
Summary
Summary of the 8-K filed October 27, 2026. Cited figures are marked; the original filing is the authoritative source.
Sunbelt Rentals Holdings, Inc. filed this Current Report on Form 8-K under Item 5.02 to disclose the planned retirement of Lynne Fuller-Andrews, Executive Vice President, General Counsel and Corporate Secretary.
She notified the Company on October 23, 2026 of her intention to retire effective November 1, 2027 (the "Retirement Date"). She stepped down from her executive position effective October 23, 2026, but will remain with the Company in a non-executive capacity through the Retirement Date to facilitate a transition. The Company has commenced a search for its next General Counsel.
Under a Transition and Retirement Agreement, Ms. Fuller-Andrews will receive a base salary of $637,500a during the Transition Period and a cash bonus of $510,000 for the fiscal year ending April 30, 2027. She will not be eligible for additional cash or equity incentive compensation during the Transition Period.
Subject to executing and not revoking a release of claims, her equity awards outstanding on the Retirement Date will vest and settle under the retirement provisions of the applicable award agreements. The full Retirement Agreement is not included in this filing; the Company states it will be filed with its quarterly report on Form 10-Q.
02—Key points
Key Highlights
- Lynne Fuller-Andrews, EVP, General Counsel and Corporate Secretary, stepped down from her executive role effective October 23, 2026
- She will remain with the Company in a non-executive capacity until her retirement effective November 1, 2027
- The Company has commenced a search for a new General Counsel
- Transition and Retirement Agreement provides a base salary of $637,500 during the Transition Period
- A cash bonus of $510,000 is payable for the fiscal year ending April 30, 2027
- No additional cash or equity incentive compensation during the Transition Period
- Equity awards outstanding at retirement will vest and settle under award agreement retirement provisions, subject to a release of claims
03—Questions
Frequently Asked Questions
Who is leaving Sunbelt Rentals and when?
Lynne Fuller-Andrews, Executive Vice President, General Counsel and Corporate Secretary, stepped down from her executive position effective October 23, 2026. She will retire effective November 1, 2027.
Will she remain with the Company after stepping down?
Yes. She will remain with the Company in a non-executive capacity through the Retirement Date to facilitate a seamless transition.
What compensation will she receive during the transition?
She will receive a base salary of $637,500 during the Transition Period and a cash bonus of $510,000 for the fiscal year ending April 30, 2027. She is not eligible for additional cash or equity incentive compensation during the Transition Period.
What happens to her outstanding equity awards?
Subject to her execution and non-revocation of a release of claims, equity awards outstanding on the Retirement Date will vest and be settled in accordance with the retirement provisions of the applicable award agreements.
Has the Company named a successor General Counsel?
The filing states that the Company has commenced a search for its next General Counsel. No successor is named in this filing.
04—Continue