M. RICHARD SMITH - Corporate Board Profile

MCGRATH RENTCORP

Filing Date	Source Excerpt
2014-04-30	M. Richard Smith was elected a director of the Company in 2010. Mr. Smith also serves as a member of the Board of Directors of Aegion Corporation (NASDAQ:AEGN) (formerly Instituform Technologies, Inc.), a leading provider of pipeline rehabilitation products and services, Sithe Global Power, LLC, an international power development company, and USEC, Inc. (NYSE:USU), a provider of fuel to the nuclear power industry. Mr. Smith served as Senior Vice President of Bechtel Group, Inc. and President of its fossil power business unit, where he managed Bechtel 2 global fossil power engineering and construction activities, until 2007. This position culminated a 26 year career with Bechtel. During that tenure, he also served as Chief Executive Officer of Intergen, a joint venture between Shell and Bechtel, from 2004 to 2005. From 1992 to 2000, Mr. Smith was at a PG&E joint venture and at PG&E Corporation where he was responsible for all corporate development activities. With his extensive experience serving as a board member and in executive management roles for a number of public companies, Mr. Smith brings to the Board of Directors a valuable perspective on issues facing public companies as well as considerable guidance on corporate development, business operations and the energy industry. Mr. Smith received a B.S. in Aerospace Engineering from Auburn University, a M.S. in Mechanical Engineering from Northeastern University and a M.B.A. from Golden Gate University. The following table sets forth certain information with respect to the executive officers and directors of the Company as of March 31, 2014: William J. Dawson, Elizabeth A. Fetter, Robert C. Hood, Dennis C. Kakures, M. Richard Smith, Dennis P. Stradford and Ronald H. Zech are nominees to the Board of Directors and their descriptions appear under Proposal No. 1: Election of Directors 6Nominees. The Compensation Committee of the Company during 2013 consisted of Messrs. Dawson, Hood, Smith and Stradford and Ms. Fetter. No member of the Compensation Committee is a present or former executive officer or employee of the Company or any of its subsidiaries.
2015-05-07	Mr. Smith was elected a director of the Company in 2010... Mr. Smith was a member of the Compensation Committee and Corporate Governance and Nominating Committee... Mr. Smith received $51,000 for his services as a director of the Company during 2014... The following table summarizes the compensation paid by the Company to its directors for the fiscal year ended December 31, 2014. M. Richard Smith received $142,392.
2016-04-29	William J. Dawson, Elizabeth A. Fetter, Robert C. Hood, Dennis C. Kakures, M. Richard Smith, Dennis P. Stradford and Ronald H. Zech are nominees to the Board of Directors and their descriptions appear under 3Proposal No. 1: Election of Directors 4. ... (1) Member of the Compensation Committee (3) Member of the Corporate Governance and Nominating Committee ... 2015 NON-EMPLOYEE DIRECTOR COMPENSATION TABLE ... M. Richard Smith $52,000 $95,970 $0 $147,970
2017-04-28	M. Richard Smith was elected a director of the Company in 2010. Mr. Smith also serves as a member of the Board of Directors of Aegion Corporation (NASDAQ:AEGN) (formerly Instituform Technologies, Inc.), a global provider of pipeline infrastructure protection services and technologies since 2009. He also served as a director of Sithe Global Power, LLC, an international power development company from 2008 to 2016. Mr. Smith served as Senior Vice President of Bechtel Group, Inc. and President of its fossil power business unit, where he managed Bechtels global fossil power engineering and construction activities, until 2007. This position culminated a 26 year career with Bechtel. During that tenure, he also served as Chief Executive Officer of Intergen, a joint venture between Shell and Bechtel, from 2004 to 2005. From 1992 to 2000, Mr. Smith was at a PG&E joint venture and at PG&E Corporation where he was responsible for all corporate development activities. With his extensive experience serving as a board member and in executive management roles for a number of public companies, Mr. Smith brings to the Board of Directors a valuable perspective on issues facing public companies as well as considerable guidance on corporate development, business operations and the energy industry. Mr. Smith received a B.S. in Aerospace Engineering from Auburn University, a M.S. in Mechanical Engineering from Northeastern University and a M.B.A. from Golden Gate University. The Compensation Committee currently consists of Messrs. Dawson, Smith and Stradford and Ms. Fetter; Mr. Smith serves as its Chairman. The Corporate Governance and Nominating Committee consists of Messrs. Hood, Smith and Zech and Ms. Fetter; Ms. Fetter serves as its Chairman. For 2016, each non-employee director of the Company was compensated for his or her services as a director with an annual retainer of $42,000. In addition to the annual retainers, the Chairs of the Board of Directors, Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee received additional annual retainers of $20,000, $20,000, $14,000 and $9,000 respectively. Each other member of the Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee received annual retainers of $8,000, $6,000 and $4,000 respectively. For fiscal years 2017 and 2018, based on Pearl Meyers November 2016 updated analysis and the recommendations of the Compensation Committee, non-employee directors received increases to their retainers to adjust to the 2017 and 2018 peer group median. For fiscal years 2017 and 2018, each non-employee director of the Company will receive an annual retainer of $50,000. In addition to the annual retainers, the Chairs of the Board of Directors, Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee will receive additional annual retainers of $30,000, $20,000, $15,000 and $10,000, respectively. Each other member of the Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee will receive annual retainers of $10,000, $7,000 and $5,000, respectively. Mr. Hanna will not receive any additional compensation for his services as a director. For 2016, each non-employee director of the Company has historically received an annual Restricted Stock Unit (RSU) equity grant denominated as a fair value and then converted to shares rounded to the nearest 100 at the date of grant. Based on Pearl Meyers 2014 analysis, the Compensation Committee recommended and the Board of Directors approved the fair value of the 2016 equity grant of approximately $95,000. On February 29, 2016, the Board of Directors granted each non-employee director RSUs under the 2007 Plan for 3,900 shares of the Companys Common Stock with a vesting date of April 1, 2017. Each of these grants represented an equivalent total equity compensation of $95,940, based on the NASDAQ Stock Market close price of $24.60 on February 29, 2016. The total equity compensation values can fluctuate slightly each year due to rounding. These 2016 RSU grants are included in the 2016 Director Compensation Table below. The table below summarizes the compensation paid by the Company to its non-employee directors for the fiscal year ended December 31, 2016. M. Richard Smith Fees Earned or Paid in Cash $52,000 Stock Awards $95,940 Total $147,940.
2018-04-27	M. Richard Smith was elected a director of the Company in 2010. Mr. Smith also serves as a member of the Board of Directors of Aegion Corporation (NASDAQ:AEGN) (formerly Instituform Technologies, Inc.), a global provider of pipeline infrastructure protection services and technologies since 2009. He also served as a director of Sithe Global Power, LLC, an international power development company from 2008 to 2016. Mr. Smith served as Senior Vice President of Bechtel Group, Inc. and President of its fossil power business unit, where he managed Bechtel’s global fossil power engineering and construction activities, until 2007. This position culminated a 26 year career with Bechtel. During that tenure, he also served as Chief Executive Officer of Intergen, a joint venture between Shell and Bechtel, from 2004 to 2005. From 1992 to 2000, Mr. Smith was at a PG&E joint venture and at PG&E Corporation where he was responsible for all corporate development activities. With his extensive experience serving as a board member and in executive management roles for a number of public companies, Mr. Smith brings to the Board of Directors a valuable perspective on issues facing public companies as well as considerable guidance on corporate development, business operations and the energy industry. Mr. Smith received a B.S. in Aerospace Engineering from Auburn University, a M.S. in Mechanical Engineering from Northeastern University and a M.B.A. from Golden Gate University. 2017 NON-EMPLOYEE DIRECTOR COMPENSATION TABLE: M. Richard Smith Fees Earned or Paid in Cash $64,147 Stock Awards $110,624 Total $174,771.
2019-04-29	M. Richard Smith was elected a director of the Company in 2010. The 2018 NON-EMPLOYEE DIRECTOR COMPENSATION TABLE shows M. Richard Smith received total compensation of $176,912. He is a member of the Compensation and Audit Committees.
2020-04-28	M. Richard Smith was elected a director of the Company in 2010. Mr. Smith also serves as a member of the Board of Directors of Aegion Corporation ... The Audit Committee currently consists of Messrs. Dawson, Shuster, Smith and Zech, and Ms. Fetter. ... The Compensation Committee currently consists of Messrs. Dawson, Smith and Stradford and Mses. Box and Fetter. ... The following table summarizes the compensation paid by the Company to its non-employee directors for the fiscal year ended December 31, 2019. M. Richard Smith Fees Earned or Paid in Cash: $82,500, Stock Awards: $119,680, Total: $202,180.
2021-04-27	M. Richard Smith is a nominee to the Board of Directors. The 2020 NON-EMPLOYEE DIRECTOR COMPENSATION TABLE shows M. Richard Smith received total compensation of $202,112. He is a member of the Compensation Committee and Audit Committee.
2022-04-29	M. Richard Smith was elected a director of the Company in 2010. ... Mr. Smith most recently served as a member of the Board of Directors of Aegion Corporation. ... The Compensation Committee currently consists of Messrs. Dawson, Smith, and Stradford and Mses. Box and Fetter. ... The Audit Committee currently consists of Messrs. Dawson, Shuster, and Smith, and Mses. Fetter and Conjeevaram. ... For 2021, each non-employee director of the Company was compensated for his or her services as a director with an annual retainer of $65,000. ... The 2021 NON-EMPLOYEE DIRECTOR COMPENSATION TABLE shows M. Richard Smith total compensation as $199,425.