Summary
This Current Report (8-K) filed by United Rentals, Inc. on September 4, 2018, primarily announces a change in its Board of Directors. The company expanded its board from eleven to twelve members with the appointment of Kim Harris Jones, who will also serve on the Audit Committee. Ms. Jones' compensation package includes annual retainer fees for her director and committee roles, an equity grant, and potential per-meeting fees. This appointment is part of a broader corporate governance adjustment.
Key Highlights
- 1United Rentals expanded its Board of Directors from 11 to 12 members.
- 2Kim Harris Jones was appointed as a new director, effective September 1, 2018.
- 3Ms. Jones has been appointed as a member of the Board's Audit Committee.
- 4Ms. Jones' compensation includes director and Audit Committee retainers, and equity grants.
- 5The report details the compensation structure for Ms. Jones, including retainer fees and restricted stock units.
- 6As part of corporate governance improvements, several directors voluntarily resigned from the board of United Rentals (North America), Inc. (URNA), a subsidiary.
- 7New directors were subsequently appointed to the URNA board, including William B. Plummer and Jessica T. Graziano.