Custom Truck One Source, Inc.
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
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Item 5. Other Information
During the three months ended March 31, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” as each term is defined in Item 408 of Regulation S-K.
On April 28, 2025, the Company entered into a cash retention award agreement (the “Retention Bonus Letters”) with each of Ryan McMonagle, Christopher Eperjesy, Joseph Ross, Thomas Rich and Paul Jolas. The Retention Bonus Letters entitle the executives to receive retention bonuses in the amount of $425,000, $195,000, $162,500, $162,500 and $139,750, respectively, upon the earlier of September 1, 2026 and the attainment of certain performance goals related to corporate milestones, subject to the executive’s continued employment through such date. The foregoing summary is qualified in its entirety by reference to the Retention Bonus Letters, which are attached hereto as Exhibits 10.1 through 10.5 and incorporated herein by reference.
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