ALTA EQUIPMENT GROUP INC. 8-K

What Happened Alta Equipment Group, Inc. announced on January 21, 2026 that it entered into a Cooperation Agreement with Mill Road Capital III, L.P. Under the agreement the company granted Mill Road the right to appoint one board observer to attend Board and committee meetings and to participate in discussions. Mill Road initially appointed Deven Petito (Management Committee Director of Mill Road Capital III GP, LLC) as the observer under a Board Observer Agreement dated January 21, 2026. The Company’s Board unanimously approved both agreements.

Key Details

• Date of agreements: January 21, 2026 (Cooperation Agreement and Board Observer Agreement).
• Mill Road ownership: approximately 13.4% of Alta’s outstanding common stock as of the filing date.
• Observer role: may attend Board and committee meetings and participate in discussions (subject to Board Observer Agreement terms).
• Term: Cooperation Agreement expires 15 business days before the deadline for director nominations and stockholder proposals for Alta’s 2027 annual meeting, unless terminated earlier.

Why It Matters This arrangement gives Mill Road formal access to Board discussions and information through a non-voting observer, increasing its ability to monitor and engage with Alta’s governance and strategy. For investors, the filing signals active shareholder engagement by a holder of a material stake (≈13.4%) and is a development to watch for any subsequent nominations, proposals, or further governance actions disclosed in future filings or press releases.