Business Context and Reporting Period
Alta Equipment Group Inc. filed this Form 8-K on April 12, 2021, under Item 8.01 (Other Events). The filing reports actions related to the company’s 10% Series A Cumulative Perpetual Preferred Stock and its related depositary shares traded on the NYSE under ALTG PRA.
Key Financial and Capital Markets Information
- The board declared a dividend of $888.89 per share of Series A Preferred Stock.
- The dividend equals $0.88889 per depositary share, with each depositary share representing a 1/1,000th fractional interest in one preferred share.
- The record date is April 15, 2021, and the payment date is April 30, 2021.
- The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating financial metrics.
Material Changes Versus Prior Comparable Period
The filing does not present comparative-period financial results. It reports a correction to the preferred stock designation to reflect the correct record and payment dates for the quarterly dividend accruing on the Series A Preferred Stock.
Guidance, Outlook, Risks, and Unusual Items
- The filing provides no earnings guidance, operating outlook, management forecast, or new risk disclosures.
- On April 9, 2021, the company filed a Certificate of Correction with the Delaware Secretary of State relating to the Certificate of Designations for the Series A Preferred Stock.
- The correction addresses the applicable record and dividend payment dates. The related press release and Certificate of Correction are filed as Exhibits 99.1 and 3.4, respectively.
Investor Verification Items
- Confirm the dividend amount of $0.88889 per ALTG PRA depositary share.
- Verify the April 15, 2021 record date and April 30, 2021 payment date.
- Review Exhibit 3.4 for the corrected preferred stock designation terms.
- Review Exhibit 99.1 for the company’s complete dividend announcement.
- Confirm that the filing does not contain current-period operating results or updated financial guidance.