Business Context and Reporting Period
This Form 8-K Current Report was filed by AMERCO (parent company of U-Haul Holding Co) on October 4, 2017. The filing addresses a corporate governance event regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the election of a new director to the Board of Directors. Richard J. Herrera was unanimously elected to fill the vacancy created by the passing of Board member Charles J. Bayer. Mr. Herrera's term is effective October 4, 2017, and will last until the 2018 Annual Meeting of Stockholders.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or management commentary regarding business operations in this filing. The document notes that Mr. Herrera will be compensated in accordance with standard Board policies and is not currently slated to serve on any Board committees. It further states there are no special arrangements regarding his selection.
Important Facts for Investors to Verify
- Richard J. Herrera has been elected to the AMERCO Board of Directors effective October 4, 2017.
- The new director replaces the late Charles J. Bayer.
- Mr. Herrera has a significant history with the company, having served as Marketing Vice President/Retail Sales Manager from 1988 to 2001 and on the Board from 1993 to 2001.
- Mr. Herrera currently serves on the Board of Amerco Real Estate Company.
- No financial metrics or operational updates are included in this specific filing.