Business Context and Reporting Period
This Form 8-K Current Report was filed by AMERCO (doing business as U-Haul Holding Co) on November 15, 2022. The filing announces a strategic corporate action regarding the listing of its securities and a corporate name change.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and listing changes rather than financial performance data.
Material Changes
- Transfer of Listing: The Company will transfer the listing of its Common Stock (par value $0.25) and Series N Non-Voting Common Stock (par value $0.001) from The Nasdaq Global Select Market to the New York Stock Exchange (NYSE).
- Effective Date: The transfer and commencement of trading on the NYSE are scheduled for December 19, 2022.
- Corporate Name Change: Effective December 19, 2022, the registrant will officially change its name from AMERCO to U-Haul Holding Company.
- Ticker Symbols: Both stock series will trade on the NYSE under the symbols "UHAL" and "UHAL.B".
Management Commentary and Rationale
An Independent Special Committee of the Board of Directors approved these actions. The stated objective is to increase the marketability of the Company's stock. The filing includes a press release dated November 15, 2022, as an exhibit.
Investor Verification Checklist
- Confirm the effective date of the NYSE listing (December 19, 2022).
- Verify the new ticker symbols "UHAL" and "UHAL.B" on the NYSE.
- Monitor the official name change from AMERCO to U-Haul Holding Company.
- Review the attached press release (Exhibit 99.1) for additional details on the Special Committee's decision.