RONALD H. ZECH - Corporate Board Profile

MCGRATH RENTCORP

Filing Date	Source Excerpt
2014-04-30	Ronald H. Zech was elected a director of the Company in 1989 and elected to the position of non-executive Chairman of the Board of Directors in June 2009. He is also Chairman of our Corporate Governance and Nominating Committee and a member of our Audit Committee. He retired in 2005 as Chairman and Chief Executive Officer of GATX Corporation, an NYSE listed company and leading provider of lease financing and related services to customers operating rail, marine, and other targeted assets. Mr. Zech was elected Chairman of GATX Corporation in April 1996, Chief Executive Officer in January 1996, and President in July 1994. Prior to that time he had served both as President and Chief Financial Officer of GATX Capital Corporation and as an officer with a major international bank. He also served on the board of The PMI Group, a former provider of mortgage insurance from 1998 to 2013. His experiences in these senior management and financial roles have included a wide range of activities associated with the management of a public company. Accordingly, he brings to the Board of Directors a valued perspective on many issues faced by the Company. He holds a B.S. in Electrical Engineering from Valparaiso University and an M.B.A. from the University of Wisconsin. 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. Zech was elected a director of the Company in 1989 and elected to the position of non-executive Chairman of the Board of Directors in June 2009... Mr. Zech is Chairman of our Corporate Governance and Nominating Committee and a member of our Audit Committee... Mr. Zech received $79,000 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. Ronald H. Zech received $170,392.
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. ... (2) Member of the Audit Committee (3) Member of the Corporate Governance and Nominating Committee ... 2015 NON-EMPLOYEE DIRECTOR COMPENSATION TABLE ... Ronald H. Zech $79,000 $95,970 $0 $174,970
2017-04-28	Ronald H. Zech was elected a director of the Company in 1989 and elected to the position of non-executive Chairman of the Board of Directors in June 2009. He retired in 2005 as Chairman and Chief Executive Officer of GATX Corporation, a NYSE listed company and leading provider of lease financing and related services to customers operating rail, marine, and other targeted assets. Mr. Zech was elected Chairman of GATX Corporation in April 1996, Chief Executive Officer in January 1996, and President in July 1994. Prior to that time he had served both as President and Chief Financial Officer of GATX Capital Corporation and as an officer with a major international bank. He also served on the board of The PMI Group, a former provider of mortgage insurance from 1998 to 2013. His experiences in these senior management and financial roles have included a wide range of activities associated with the management of a public company. Accordingly, he brings to the Board of Directors a valued perspective on many issues faced by the Company. He holds a B.S. in Electrical Engineering from Valparaiso University and an M.B.A. from the University of Wisconsin. The Audit Committee currently consists of Messrs. Dawson, Hood, Stradford and Zech; Mr. Hood 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. Ronald H. Zech Fees Earned or Paid in Cash $79,000 Stock Awards $95,940 Total $174,940.
2018-04-27	Ronald H. Zech was elected a director of the Company in 1989 and elected to the position of non-executive Chairman of the Board of Directors in June 2009. He retired in 2005 as Chairman and Chief Executive Officer of GATX Corporation, a NYSE listed company and leading provider of lease financing and related services to customers operating rail, marine, and other targeted assets. Mr. Zech was elected Chairman of GATX Corporation in April 1996, Chief Executive Officer in January 1996, and President in July 1994. Prior to that time he had served both as President and Chief Financial Officer of GATX Capital Corporation and as an officer with a major international bank. He also served on the board of The PMI Group, a former provider of mortgage insurance from 1998 to 2013. His experiences in these senior management and financial roles have included a wide range of activities associated with the management of a public company. Accordingly, he brings to the Board of Directors a valued perspective on many issues faced by the Company. He holds a B.S. in Electrical Engineering from Valparaiso University and an M.B.A. from the University of Wisconsin. 2017 NON-EMPLOYEE DIRECTOR COMPENSATION TABLE: Ronald H. Zech Fees Earned or Paid in Cash $95,750 Stock Awards $110,624 Total $206,374.
2019-04-29	Ronald H. Zech was elected a director of the Company in 1989 and elected to the position of non-executive Chairman of the Board of Directors in June 2009. The 2018 NON-EMPLOYEE DIRECTOR COMPENSATION TABLE shows Ronald H. Zech received total compensation of $204,912. He is a member of the Audit and Corporate Governance and Nominating Committees.
2020-04-28	Ronald H. Zech was elected a director of the Company in 1989 and elected to the position of non-executive Chairman of the Board of Directors in June 2009. ... The Audit Committee currently consists of Messrs. Dawson, Shuster, Smith and Zech, and Ms. Fetter. ... The Corporate Governance and Nominating Committee consists of Messrs. Shuster, Stradford and Zech, and Ms. Box. Mr. Stradford serves as its Chair. ... The following table summarizes the compensation paid by the Company to its non-employee directors for the fiscal year ended December 31, 2019. Ronald H. Zech Fees Earned or Paid in Cash: $120,000, Stock Awards: $119,680, Total: $239,680.
2021-04-27	Ronald H. Zech is Chairman of the Board of Directors and is retiring as of the date of the 2021 Annual Meeting. The 2020 NON-EMPLOYEE DIRECTOR COMPENSATION TABLE shows Ronald H. Zech received total compensation of $232,112. He is a member of the Audit Committee and Corporate Governance and Nominating Committee.