Alta Equipment Group (ALTG) Proxy Filing summary

Executive summary

• Delivered approximately $1.9 billion in total revenues for 2024, maintaining prior-year levels despite industry headwinds from inflation, high interest rates, and equipment oversupply.

• Focused on working capital management, rental fleet optimization, and cost discipline; refinanced senior debt to extend maturities to 2029, enhancing financial flexibility.

• Construction Equipment segment shows signs of market stabilization, with demand supported by state and federal infrastructure funding.

• Material Handling segment benefits from trends in automation, electrification, and warehouse efficiency, with investments positioning the company for future growth.

• ERP transformation is on track for 2026 deployment; ongoing portfolio evaluation to align with strategic priorities.

Voting matters and shareholder proposals

• Four proposals up for vote: election of three directors, ratification of Deloitte & Touche LLP as auditor, non-binding advisory vote on executive compensation, and approval of an amendment to the 2022 Employee Stock Purchase Plan (ESPP).

• Board recommends voting “FOR” all proposals.

• Only stockholders of record as of April 2, 2025, are entitled to vote; each share of common stock has one vote.

Board of directors and corporate governance

• Board consists of six members, divided into two classes with staggered two-year terms.

• Three Class I directors nominated for election: Daniel Shribman, Katherine White, and Sidhartha Nair.

• Board committees: Audit, Compensation and Talent Development, and Nominating and Corporate Governance, all comprised of independent directors.

• Chairman and CEO roles are combined; executive sessions of independent directors are chaired by the Audit Committee chair.

• Stock ownership guidelines for directors and executives established, with targets to be met within five years.