Filing Analysis
Alta Equipment Group Inc. announced its quarterly earnings results for the period ending June 30, 2026, and appointed David Turner to a newly created position on the Board of Directors.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Company released Q2 2026 financial results via press release (Exhibit 99.1) on August 6, 2026.
- David Turner elected to the Board of Directors effective August 3, 2026.
- The new director position is a Class II seat with a term expiring in 2028.
- Mr. Turner will receive cash and equity compensation per the company's non-employee director program.
Alta Equipment Group Inc. announced a dividend declaration for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable to shareholders of record on July 15, 2026.
📋 Key Facts
- Dividend declared: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Shares (ALTG PRA) will receive $0.625 per share.
- Record date for dividend: July 15, 2026.
- Payment date for dividend: July 31, 2026.
- The preferred stock is a Cumulative Perpetual instrument.
Alta Equipment Group Inc. reported the results of its Annual Meeting of Stockholders held on May 29, 2026. Stockholders elected three Class II directors, ratified the appointment of Deloitte & Touche LLP as the independent auditor, approved executive compensation in a non-binding vote, and approved an amendment to the 2020 Omnibus Incentive Plan.
📋 Key Facts
- Election of Class II directors: Ryan Greenawalt, Andrew Studdert, and Colin Wilson were elected for two-year terms.
- Auditor Ratification: Deloitte & Touche LLP was ratified as the independent registered public accounting firm for 2026 with 27,615,942 votes in favor.
- Executive Compensation: The non-binding advisory vote on named executive officer compensation was approved (22,808,254 For vs 569,464 Against).
- Incentive Plan: The first amendment to the 2020 Omnibus Incentive Plan was approved, though it saw a higher percentage of opposition than other proposals (8,761,489 Against).
Alta Equipment Group Inc. announced its financial results for the first quarter ended March 31, 2026. The announcement was made via a press release furnished as an exhibit to the filing.
📋 Key Facts
- The filing reports results for the fiscal quarter ended March 31, 2026.
- The press release was issued on May 7, 2026.
- The information is furnished under Item 2.02 and is not deemed 'filed' for regulatory purposes.
- The company maintains listings for both common stock (ALTG) and depositary shares representing preferred stock (ALTG PRA) on the NYSE.
Alta Equipment Group Inc. announced a dividend declaration for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $0.625 per depositary share, payable on April 30, 2026.
📋 Key Facts
- Board of Directors declared a dividend of $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- The dividend equates to $0.625 per Depositary Share (ALTG PRA), representing a 1/1000th fractional interest.
- The record date for the dividend is April 15, 2026.
- The payment date for the dividend is April 30, 2026.
Alta Equipment Group Inc. reported its financial results for the fiscal year ended December 31, 2025. The results were disclosed via a press release furnished as Exhibit 99.1 to the filing.
📋 Key Facts
- The filing was made on February 26, 2026, covering the fiscal year ended December 31, 2025.
- The company utilized Item 2.02 (Results of Operations and Financial Condition) for the disclosure.
- Ryan Greenawalt, CEO, signed the report.
- The company maintains listings for both common stock (ALTG) and depositary shares representing Series A Preferred Stock (ALTG PRA) on the NYSE.
Alta Equipment Group Inc. entered into a Cooperation Agreement with Mill Road Capital III, L.P., granting the investor the right to appoint a board observer. This follows Mill Road's significant 13.4% ownership stake in the company.
🚩 Red Flags
- Potential for increased friction between management and a significant shareholder (13.4% stake) via board observation rights.
📋 Key Facts
- Entered into a Cooperation Agreement and Board Observer Agreement on January 21, 2026.
- Mill Road Capital III, L.P. is granted the right to appoint one observer (Deven Petito) to attend Board and committee meetings.
- The agreement expires 15 business days prior to the deadline for 2027 annual meeting director nominations/proposals.
- Mill Road currently holds approximately 13.4% of Alta Equipment Group's outstanding common stock.
- The agreements were unanimously approved by the Company’s Board of Directors.
Alta Equipment Group Inc. announced a change in the role of Craig Brubaker, who will transition from an executive/Section 16 officer to serving as Chief Operating Officer for the Material Handling segment, effective December 31, 2025.
🚩 Red Flags
- Departure from 'Section 16' status implies a reduction in corporate-level governance/oversight responsibility for this individual.
📋 Key Facts
- Effective Date: December 31, 2025
- Individual: Craig Brubaker
- New Role: COO of the Material Handling segment
- Change in Status: No longer serving as an executive officer or Section 16 officer of the Company
- Compensation: Entitled to base salary, bonus, and certain severance payments under Section 9 of his agreement.
Alta Equipment Group Inc. announced a dividend declaration for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable to shareholders of record on January 15, 2026.
📋 Key Facts
- Dividend declared: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Share equivalent: $0.625 per ALTG PRA (representing 1/1000th interest).
- Record Date: January 15, 2026.
- Payment Date: January 30, 2026.
- Preferred stock trades under symbol 'ALTG PRA' on the NYSE.
Alta Equipment Group Inc. filed an 8-K to announce the release of its quarterly results for the period ended September 30, 2025. The filing serves as a formal notification that financial results have been made public via press release.
📋 Key Facts
- Reporting date: November 6, 2025
- Period covered: Quarter ended September 30, 2025
- The company issued a press release (Exhibit 99.1) containing results of operations and financial condition.
- Ticker symbol: ALTG (NYSE)
Alta Equipment Group Inc. announced the declaration of a dividend for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable to shareholders of record on October 15, 2025.
📋 Key Facts
- Dividend declared: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Share equivalent: $0.625 per ALTG PRA (representing 1/1000th interest).
- Record Date: October 15, 2025.
- Payment Date: October 31, 2025.
- The preferred stock trades on the NYSE under symbol 'ALTG PRA'.
Alta Equipment Group Inc. filed an 8-K to announce its quarterly results of operations and financial condition for the period ended June 30, 2025.
📋 Key Facts
- The filing is a standard announcement of quarterly earnings (Item 2.02).
- Reporting period: Quarter ended June 30, 2025.
- Filing date: August 7, 2025.
- The company's common stock is listed on the New York Stock Exchange under ticker ALTG.
Alta Equipment Group Inc. announced that its Board of Directors has declared a dividend for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable on July 31, 2025.
📋 Key Facts
- Dividend amount: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Share equivalent: $0.625 per ALTG PRA (representing 1/1000th interest).
- Record Date: July 15, 2025.
- Payment Date: July 31, 2025.
- The preferred stock trades on the NYSE under symbol 'ALTG PRA'.
Alta Equipment Group Inc. held its Annual Meeting of Stockholders on May 30, 2025. The meeting resulted in the election of three directors and the ratification of Deloitte & Touche LLP as independent auditors.
📋 Key Facts
- Annual Meeting of Stockholders held on May 30, 2025.
- Three Class I director nominees (Daniel Shribman, Katherine E. White, Sidhartha Nair) were elected to two-year terms.
- Stockholders ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2025 with significant majority support (28,769,615 'For' votes).
- Non-binding advisory vote on executive compensation was approved.
- First amendment to the 2022 Employee Stock Purchase Plan was approved.
Alta Equipment Group announced the divestiture of its Chicago aerial fleet rental business for $18 million and a significant shift in capital allocation strategy. The company is suspending its common stock dividend indefinitely to redirect capital toward an expanded $30 million share repurchase program.
🚩 Red Flags
- Indefinite suspension of quarterly cash dividends on common stock.
📋 Key Facts
- Divested substantially all of its aerial fleet rental business in the Chicago, IL marketplace on May 1, 2025.
- Divestiture proceeds totaled $18.0 million in cash; implied enterprise value was ~$20 million.
- The divested business contributed approximately $4 million in annual proforma Adjusted EBITDA.
- Proceeds from the sale are earmarked for reducing outstanding senior indebtedness.
- Common stock dividend is suspended indefinitely after the May 30, 2025 payment.
- Board increased common stock repurchase program authorization from $20.0 million to $30.0 million.
- Approved a $10.0 million Rule 10b5-1 Plan for automated share repurchases.
Alta Equipment Group Inc. announced a dividend declaration of $0.057 per share of common stock. The record date is set for May 15, 2025, with payment scheduled for May 30, 2025.
📋 Key Facts
- Dividend amount: $0.057 per share of common stock
- Record date: May 15, 2025
- Payment date: May 30, 2025
- Common stock trades on the NYSE under symbol 'ALTG'
Alta Equipment Group Inc. announced a dividend declaration for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable to shareholders of record on April 15, 2025.
📋 Key Facts
- Dividend declared: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Share equivalent: $0.625 per ALTG PRA (representing 1/1000th interest).
- Record Date: April 15, 2025.
- Payment Date: April 30, 2025.
- Security type: Cumulative Perpetual Preferred Stock.
Alta Equipment Group Inc. filed an 8-K to announce its results of operations and financial condition for the fiscal year ended December 31, 2024.
📋 Key Facts
- The filing is a standard announcement of annual earnings/financial results (Item 2.02).
- Reporting period: Year ended December 31, 2024.
- Filing date: March 5, 2025.
- The company issued a press release as Exhibit 99.1 to accompany the results.
Alta Equipment Group Inc. announced a dividend declaration of $0.057 per share of common stock. The dividend has a record date of February 15, 2025, and is scheduled for payment on February 28, 2025.
📋 Key Facts
- Dividend amount: $0.057 per share of common stock
- Record date: February 15, 2025
- Payment date: February 28, 2025
- Common stock trades on the NYSE under symbol 'ALTG'
Alta Equipment Group Inc. announced a dividend declaration for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable to shareholders of record on January 15, 2025.
📋 Key Facts
- Dividend declared: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Share equivalent: $0.625 per ALTG PRA (representing 1/1000th interest).
- Record Date: January 15, 2025.
- Payment Date: January 31, 2025.
- Security traded under symbol: ALTG PRA on the NYSE.
Alta Equipment Group Inc. filed an 8-K to announce its results of operations and financial condition for the quarter ended September 30, 2024.
📋 Key Facts
- The filing is a standard announcement of quarterly earnings (results of operations).
- Reporting period: Quarter ended September 30, 2024.
- Filing date: November 12, 2024.
Alta Equipment Group Inc. announced a dividend declaration of $0.057 per share of common stock. The record date is set for November 15, 2024, with payment scheduled for November 29, 2024.
📋 Key Facts
- Dividend amount: $0.057 per share of common stock
- Record date: November 15, 2024
- Payment date: November 29, 2024
- Common stock trades on the NYSE under symbol 'ALTG'
Alta Equipment Group Inc. announced a dividend declaration for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable to shareholders of record on October 15, 2024.
📋 Key Facts
- Dividend Amount: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Share Equivalent: $0.625 per Depositary Share (ALTG PRA).
- Record Date: October 15, 2024.
- Payment Date: October 31, 2024.
- Dividend Type: Cumulative Perpetual Preferred Stock dividend.
Alta Equipment Group Inc. announced the election of Colin Wilson to its Board of Directors, effective September 1, 2024. Mr. Wilson brings extensive leadership experience from the materials handling industry, including a tenure as President and CEO of Hyster-Yale Group.
📋 Key Facts
- Colin Wilson elected to the Board of Directors effective September 1, 2024.
- Mr. Wilson fills a vacancy on the Board; his term expires at the 2026 annual meeting.
- Mr. Wilson previously served as President and CEO of Hyster-Yale Group (formerly NACCO Materials Handling Group) until January 2020.
- Compensation includes cash and equity awards per the Company’s non-employee director compensation program.
Alta Equipment Group Inc. filed an 8-K to announce its results of operations and financial condition for the quarter ended June 30, 2024.
📋 Key Facts
- Reporting period: Quarter ended June 30, 2024
- Filing date: August 7, 2024
- The filing consists of a press release (Exhibit 99.1) regarding financial results.
Alta Equipment Group Inc. announced a dividend declaration of $0.057 per share of common stock. The record date is set for August 15, 2024, with payment scheduled for August 30, 2024.
📋 Key Facts
- Dividend amount: $0.057 per share of common stock
- Record date: August 15, 2024
- Payment date: August 30, 2024
- Common stock trades on the NYSE under symbol 'ALTG'
Alta Equipment Group Inc. announced a dividend declaration for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable to shareholders of record on July 15, 2024.
📋 Key Facts
- Dividend declared: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Shares (ALTG PRA) will receive $0.625 per share (representing 1/1000th interest).
- Record date for dividend: July 15, 2024.
- Payment date for dividend: July 31, 2024.
Alta Equipment Group Inc. held its Annual Meeting of Stockholders on June 7, 2024. The meeting resulted in the election of two directors and the ratification of Deloitte & Touche LLP as the independent auditor.
📋 Key Facts
- Annual Meeting of Stockholders held on June 7, 2024.
- Ryan Greenawalt was elected to a two-year term with 23,448,146 votes 'For'.
- Andrew Studdert was elected to a two-year term with 14,855,607 votes 'For'.
- Stockholders ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2024.
- A non-binding advisory vote (Say-on-Pay) regarding executive compensation was approved with 24,101,256 votes 'For'.
Alta Equipment Group Inc. completed a $500 million private offering of 9.000% Senior Secured Second Lien Notes due 2029, resulting in approximately $485.5 million in gross proceeds. The funds were used to refinance existing debt and redeem $315 million in prior senior secured notes.
🚩 Red Flags
- Increased leverage: Issuance of $500M in new second-lien debt to refinance existing debt and provide liquidity.
- Complex capital structure: The intercreditor agreement establishes a multi-tiered lien structure (First Lien ABL/Floor Plan vs. Second Lien Notes).
- Restrictive covenants: The indenture includes limitations on dividends, additional indebtedness, asset sales, and mergers.
📋 Key Facts
- Completed offering of $500 million aggregate principal amount of 9.000% Senior Secured Second Lien Notes due June 1, 2029.
- Notes were sold at a 2.906% discount, yielding $485.5 million in proceeds before fees/expenses.
- Proceeds used to refinance ABL and Floor Plan facilities, redeem $315 million of existing 5.625% Senior Secured Second Lien Notes due 2026, and general corporate purposes.
- The new notes are secured by a second-priority lien on substantially all assets, junior to the ABL Facility and Floor Plan Facility.
- Amended/Restated ABL Credit Agreement now has a maximum borrowing capacity of $520 million.
- Amended/Restated Floor Plan Credit Agreement has a maximum borrowing capacity of $90 million.
Alta Equipment Group Inc. announced the pricing of a $500 million offering of 9.000% Senior Secured Second Lien Notes due 2029 and is simultaneously working to amend/extend its existing credit facilities. The company also intends to use proceeds to redeem $315 million of its existing 5.625% Senior Secured Second Lien Notes due 2026.
🚩 Red Flags
- Significant increase in debt profile: Issuing high-interest (9%) second lien notes.
- Refinancing risk: The redemption of existing notes is conditional upon the completion of this new offering.
- Increased leverage/seniority: Adding a significant layer of secured second lien debt.
📋 Key Facts
- Offered $500 million in 9.000% Senior Secured Second Lien Notes due 2029.
- Notes priced at 97.094% of the face amount.
- The new notes are secured by a second lien on substantially all company assets.
- Company plans to amend/extend $585 million in existing credit facilities (revolving and floor plan) into new facilities due in 2029.
- Company elected to redeem $315 million of 5.625% Senior Secured Second Lien Notes due 2026 on June 5, 2024, contingent upon successful financing.
Alta Equipment Group Inc. filed an 8-K to announce its quarterly results of operations and financial condition for the period ended March 31, 2024.
📋 Key Facts
- Report date: May 8, 2024
- Reporting period: Quarter ended March 31, 2024
- The filing serves to accompany a press release (Exhibit 99.1) regarding financial performance.
- Company is listed on the New York Stock Exchange under ticker ALTG.
Alta Equipment Group Inc. announced a dividend declaration of $0.057 per share of common stock. The record date is set for May 15, 2024, with payment scheduled for May 31, 2024.
📋 Key Facts
- Dividend amount: $0.057 per share of common stock.
- Record date: May 15, 2024.
- Payment date: May 31, 2024.
- Common stock trades on the NYSE under symbol 'ALTG'.
Alta Equipment Group Inc. announced leadership changes within its Board of Directors, including the appointment of two new committee chairs and the immediate resignation of director Zachary Savas.
🚩 Red Flags
- Immediate resignation of a director (Zachary Savas) can sometimes signal internal friction, though no cause was stated in this filing.
📋 Key Facts
- Katherine White appointed as Chair of the Nominating and Corporate Governance Committee on April 8, 2024.
- Sidhartha Nair (joined Board Feb 22, 2024) appointed as Chair of the Compensation Committee on April 8, 2024.
- Zachary Savas resigned from the Board effective immediately on April 8, 2024.
Alta Equipment Group Inc. announced a dividend declaration for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable to shareholders of record on April 15, 2024.
📋 Key Facts
- Dividend declared: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Share equivalent: $0.625 per ALTG PRA Depositary Share (representing 1/1000th interest).
- Record Date: April 15, 2024.
- Payment Date: April 30, 2024.
- Preferred stock trades under symbol 'ALTG PRA' on the NYSE.
Alta Equipment Group Inc. filed an 8-K to announce its results of operations and financial condition for the fiscal year ended December 31, 2023.
📋 Key Facts
- The filing is a standard announcement of annual earnings/financial results (Item 2.02).
- Reporting period: Year ended December 31, 2023.
- Filing date: March 14, 2024.
Alta Equipment Group Inc. announced the expansion of its Board of Directors from five to six members with the appointment of Sidhartha Nair, effective February 22, 2024.
📋 Key Facts
- The Board size was increased from five to six directors.
- Sidhartha Nair appointed as a new director, effective February 22, 2024.
- Mr. Nair's term expires at the Company’s annual meeting of shareholders in 2025.
- Mr. Nair currently serves as Head of Strategy, Americas Region for Mercedes-Benz Mobility.
- The appointment was recommended by the Nominating and Corporate Governance Committee.
Alta Equipment Group Inc. announced a dividend declaration of $0.057 per share of common stock. The record date is set for February 15, 2024, with payment scheduled for February 29, 2024.
📋 Key Facts
- Dividend amount: $0.057 per share of common stock.
- Record date: February 15, 2024.
- Payment date: February 29, 2024.
- Common stock trades on the NYSE under symbol 'ALTG'.
Alta Equipment Group Inc. announced the appointment of Jeffrey (Jeff) Hoover as Chief Legal Officer and General Counsel, effective January 18, 2024. Mr. Hoover transitions from being an external legal advisor to an internal executive role.
📋 Key Facts
- Jeffrey Hoover appointed as Chief Legal Officer and General Counsel, effective Jan 18, 2024.
- Annual base salary for the new CLO is $400,000.
- Target cash bonus: 65% of annual base salary.
- Target stock award: 65% of annual base salary under long-term incentive plan.
- Mr. Hoover has served as external legal counsel to the Company since 2016.
Alta Equipment Group Inc. announced a dividend declaration for its 10% Series A Cumulative Perpetual Preferred Stock. The dividend is set at $625 per share of preferred stock, payable to shareholders of record on January 15, 2024.
📋 Key Facts
- Dividend declared: $625 per share of 10% Series A Cumulative Perpetual Preferred Stock.
- Depositary Share equivalent: $0.625 per ALTG PRA (representing 1/1000th interest).
- Record Date: January 15, 2024.
- Payment Date: January 31, 2024.
- The preferred stock trades on the NYSE under symbol 'ALTG PRA'.