Herc Holdings Inc.
08/19/2026 | Press release | Distributed by Public on 08/19/2026 06:17
Management Change/Compensation (Form 8-K)
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 18, 2026, the Board elected Erik Olsson to serve as a director on the Board, effective immediately. Mr. Olsson is the former Chairman of the Board, President and Chief Executive Officer of Mobile Mini. Prior to Mobile Mini, Mr. Olsson served as President and Chief Executive Officer of RSC Holdings.
The Board has determined that Mr. Olsson is an independent director under the New York Stock Exchange listing standards and the Company's Corporate Governance Guidelines.
Mr. Olsson will serve as a member of the Audit Committee.
Mr. Olsson will participate in the non-employee director compensation program, as described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on March 27, 2026, with his annual cash retainer and equity award prorated for his initial term of service. In addition, Mr. Olsson will enter into an Indemnification Agreement with the Company, which contains substantially the same provisions as the indemnification agreements previously entered into with each of the Company's existing directors, as described in the Company's 2026 definitive proxy statement.
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