H&E Equipment Services, Inc. Announces Resignation of Lawrence Karlson as A Director
May 18, 2022 at 04:06 pm
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H&E Equipment Services, Inc. announced that the conditional resignation of Mr. Lawrence Karlson as a director of H&E Equipment Services, Inc. (the Company) is incorporated herein by reference. This conditional resignation has been submitted solely in connection with the Company's majority vote policy for director reelection as disclosed in the Company's proxy statement filed with the Securities and Exchange Commission on April 1, 2022 (the Majority Vote Policy). Mr. Karlson's conditional resignation was not the result of any dispute or disagreement with the Company or the Company's board of directors (the Board) on any matter relating to the operations, policies or practices of the Company.
H&E Equipment Services, Inc. is a rental equipment company. The Companyâs segments include Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales and Repair and Maintenance Services. Equipment rentals segment includes rental operations and primarily rents core types of construction and industrial equipment. Sales of Rental Equipment segment used sales are generated primarily from sales from its rental fleet. Sales of New Equipment segment sells equipment through a professional sales force. Parts Sales segment provides parts for its own rental fleet and sells parts for the equipment it sells. Services segment includes maintenance and repair services for its own rental fleet and for its customersâ equipment at its facilities as well as at its customersâ locations. It operates 145 branch locations across 30 states. It serves branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest and Mid-Atlantic regions.