false000175982400017598242024-01-032024-01-030001759824us-gaap:PreferredStockMember2024-01-032024-01-030001759824altg:CommonStocksClassUndefinedMember2024-01-032024-01-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 3, 2024

ALTA EQUIPMENT GROUP INC.

(Exact name of registrant as specified in its charter)

Delaware

001-38864

83-2583782

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

13211 Merriman Road

Livonia, Michigan 48150

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (248) 449-6700

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.0001 par value per share

ALTG

The New York Stock Exchange

Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value per share

ALTG PRA

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 8.01 Other Events.

On January 3, 2024, Alta Equipment Group Inc. (the “Company”) issued a press release announcing that the Company’s Board of Directors has declared a dividend of $625 per share of its outstanding 10% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred”), with the record date for the dividend January 15, 2024 and the payment date January 31, 2024. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The Depositary Shares trade on The New York Stock Exchange under the symbol “ALTG PRA.” The full text of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.

Description

99.1

Press Release, dated January 3, 2024, of Alta Equipment Group Inc.

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

ALTA EQUIPMENT GROUP INC.

 

 

Dated: January 3, 2024

By:

/s/ Ryan Greenawalt

 

 

Name: Ryan Greenawalt

 

 

Title: Chief Executive Officer

img202994375_0.jpg 

Exhibit 99.1

Alta Equipment Group Announces Preferred Stock Dividend

 

LIVONIA, Mich. – January 3, 2024 – Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is January 31, 2024, to shareholders of record at the close of business on January 15, 2024.

 

About Alta Equipment Group Inc.

Alta owns and operates one of the largest integrated equipment dealership platforms in the U.S. and has a presence in Canada. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and aerial work platforms, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes, paving and asphalt equipment and other material handling and construction equipment. Alta has operated as an equipment dealership for 39 years and has developed a branch network that includes over 80 total locations in Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada and Florida and the Canadian provinces of Ontario and Quebec. Alta offers its customers a one-stop-shop for their equipment needs through its broad, industry-leading product portfolio. More information can be found at www.altaequipment.com.

 

Contacts

Investors:

Kevin Inda
SCR Partners, LLC

kevin@scr-ir.com
(225) 772-0254

 

Media:

Glenn Moore

Alta Equipment

glenn.moore@altg.com

(248) 305-2134

 

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Jan. 03, 2024
Document Information [Line Items]  
Document Type 8-K
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Document Period End Date Jan. 03, 2024
Entity Registrant Name ALTA EQUIPMENT GROUP INC.
Entity Central Index Key 0001759824
Entity Incorporation, State or Country Code DE
Securities Act File Number 001-38864
Entity Tax Identification Number 83-2583782
Entity Address, Address Line One 13211 Merriman Road
Entity Address, City or Town Livonia
Entity Address, State or Province MI
Entity Address, Postal Zip Code 48150
City Area Code 248
Local Phone Number 449-6700
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Common Stock  
Document Information [Line Items]  
Title of 12(b) Security Common stock, $0.0001 par value per share
Trading Symbol ALTG
Security Exchange Name NYSE
Preferred Stock  
Document Information [Line Items]  
Title of 12(b) Security Depositary Shares
Trading Symbol ALTG PRA
Security Exchange Name NYSE
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