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WillScot Mobile Mini Holdings Corp. – ‘8-K’ for 5/2/24

On:  Thursday, 5/2/24, at 5:11pm ET   ·   For:  5/2/24   ·   Accession #:  1647088-24-88   ·   File #:  1-37552

Previous ‘8-K’:  ‘8-K’ on / for 5/2/24   ·   Latest ‘8-K’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size

 5/02/24  WillScot Mobile Mini Holdin… Corp 8-K:8,9     5/02/24  113:12M

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML    231K 
 2: EX-23.1     Consent of Expert or Counsel                        HTML     31K 
 3: EX-99.1     Miscellaneous Exhibit                               HTML   1.70M 
 9: R1          Cover                                               HTML     70K 
10: R2          Consolidated Balance Sheets                         HTML    160K 
11: R3          Consolidated Balance Sheets (Parenthetical)         HTML     53K 
12: R4          Consolidated Statements of Operations               HTML    180K 
13: R5          Consolidated Statements of Comprehensive Income     HTML     56K 
14: R6          Consolidated Statements of Comprehensive Income     HTML     36K 
                (Parenthetical)                                                  
15: R7          Consolidated Statements of Changes in Equity        HTML     86K 
16: R8          Consolidated Statements of Cash Flows               HTML    160K 
17: R9          Summary of Significant Accounting Policies          HTML    117K 
18: R10         Business Combinations and Acquisitions              HTML     49K 
19: R11         Discontinued Operations                             HTML    163K 
20: R12         Revenue                                             HTML     77K 
21: R13         Leases                                              HTML    140K 
22: R14         Inventories                                         HTML     37K 
23: R15         Rental Equipment, net                               HTML     51K 
24: R16         Property, Plant and Equipment, net                  HTML     51K 
25: R17         Goodwill and Intangible Assets                      HTML     72K 
26: R18         Debt                                                HTML     85K 
27: R19         Equity                                              HTML     65K 
28: R20         Warrants                                            HTML     65K 
29: R21         Income Taxes                                        HTML    121K 
30: R22         Derivatives                                         HTML     54K 
31: R23         Fair Value Measures                                 HTML     61K 
32: R24         Stock-Based Compensation                            HTML    112K 
33: R25         Commitments and Contingencies                       HTML     33K 
34: R26         Earnings Per Share                                  HTML     58K 
35: R27         Subsequent Events                                   HTML     36K 
36: R28         Summary of Significant Accounting Policies          HTML    167K 
                (Policies)                                                       
37: R29         Summary of Significant Accounting Policies          HTML     69K 
                (Tables)                                                         
38: R30         Business Combinations and Acquisitions (Tables)     HTML     47K 
39: R31         Discontinued Operations (Tables)                    HTML    163K 
40: R32         Revenue (Tables)                                    HTML     67K 
41: R33         Leases (Tables)                                     HTML    102K 
42: R34         Inventories (Tables)                                HTML     38K 
43: R35         Rental Equipment, net (Tables)                      HTML     56K 
44: R36         Property, Plant and Equipment, net (Tables)         HTML     56K 
45: R37         Goodwill and Intangible Assets (Tables)             HTML    106K 
46: R38         Debt (Tables)                                       HTML     74K 
47: R39         Equity (Tables)                                     HTML     51K 
48: R40         Income Taxes (Tables)                               HTML    121K 
49: R41         Derivatives (Tables)                                HTML     54K 
50: R42         Fair Value Measures (Tables)                        HTML     59K 
51: R43         Stock-Based Compensation (Tables)                   HTML    108K 
52: R44         Earnings Per Share (Tables)                         HTML     59K 
53: R45         Summary of Significant Accounting Policies -        HTML     45K 
                Schedule of Activity in Allowance for Doubtful                   
                Accounts (Details)                                               
54: R46         Summary of Significant Accounting Policies -        HTML     46K 
                Schedule of Rental Equipment (Details)                           
55: R47         Summary of Significant Accounting Policies -        HTML     46K 
                Schedule of Property, Plant and Equipment                        
                (Details)                                                        
56: R48         Summary of Significant Accounting Policies -        HTML    111K 
                Narrative (Details)                                              
57: R49         Business Combinations and Acquisitions - Narrative  HTML     54K 
                (Details)                                                        
58: R50         Business Combinations and Acquisitions - Schedule   HTML     83K 
                of Acquisition of Aggregate Purchase Price                       
                (Details)                                                        
59: R51         Discontinued Operations - Narrative (Details)       HTML     47K 
60: R52         Discontinued Operations - Schedule of Income From   HTML    156K 
                Discontinued Operations (Details)                                
61: R53         Discontinued Operations - Schedule of Discontinued  HTML     93K 
                Operations Assets and Liabilities Held For Sale                  
                (Details)                                                        
62: R54         Discontinued Operations - Schedule of Cash Flows    HTML     52K 
                From Discontinued Operations (Details)                           
63: R55         Discontinued Operations - Schedule of               HTML     64K 
                Reconciliation of Adjusted EBITDA (Details)                      
64: R56         Revenue - Schedule of Disaggregation of Revenue     HTML     69K 
                (Details)                                                        
65: R57         Revenue - Narrative (Details)                       HTML     55K 
66: R58         Revenue - Schedule of Future Commited Modular       HTML     45K 
                Leasing Revenues (Details)                                       
67: R59         Leases - Schedule of Lease Maturity (Details)       HTML     75K 
68: R60         Leases - Schedule of Lease Cost (Details)           HTML     52K 
69: R61         Leases - Schedule of Supplemental Cash Flows        HTML     42K 
                (Details)                                                        
70: R62         Leases - Schedule of Lease Terms and Discount       HTML     39K 
                Rates (Details)                                                  
71: R63         Inventories (Details)                               HTML     36K 
72: R64         Rental Equipment, net (Details)                     HTML     45K 
73: R65         Property, Plant and Equipment, net - Schedule of    HTML     46K 
                Property, Plant and Equipment (Details)                          
74: R66         Property, Plant and Equipment, net - Narrative      HTML     39K 
                (Details)                                                        
75: R67         Goodwill and Intangible Assets - Schedule of        HTML     39K 
                Goodwill Activity (Details)                                      
76: R68         Goodwill and Intangible Assets - Narrative          HTML     41K 
                (Details)                                                        
77: R69         Goodwill and Intangible Assets - Schedule of        HTML     63K 
                Intangible Assets (Details)                                      
78: R70         Goodwill and Intangible Assets - Schedule of        HTML     44K 
                Future Amortization (Details)                                    
79: R71         Debt - Schedule of Carrying Value of Debt           HTML     76K 
                Outstanding (Details)                                            
80: R72         Debt - Schedule of Maturities of Debt and Lease     HTML     42K 
                Obligation (Details)                                             
81: R73         Debt - Schedule of Debt Discount Amortization       HTML     40K 
                (Details)                                                        
82: R74         Debt - Schedule of Asset Backed Lending Facility    HTML     84K 
                (Details)                                                        
83: R75         Debt - Senior Secured Notes (Details)               HTML     78K 
84: R76         Debt - Schedule of Redemption Price Percentage      HTML     53K 
                (Details)                                                        
85: R77         Debt - 2031 Secured Notes (Details)                 HTML     48K 
86: R78         Debt - Schedule of Finance Leases (Details)         HTML     32K 
87: R79         Equity - Narrative (Details)                        HTML     64K 
88: R80         Equity - Schedule of Accumulated Other              HTML     59K 
                Comprehensive Income (Loss) (Details)                            
89: R81         Warrants - Narrative (Details)                      HTML     63K 
90: R82         Income Taxes - Schedule of Components of Income     HTML     52K 
                Tax Expense (Benefit) (Details)                                  
91: R83         Income Taxes - Schedule of Income Tax Rate          HTML     69K 
                Reconciliation (Details)                                         
92: R84         Income Taxes - Schedule of Components of Deferred   HTML     69K 
                Income Taxes (Details)                                           
93: R85         Income Taxes - Narrative (Details)                  HTML     55K 
94: R86         Income Taxes - Schedule of Income Loss              HTML     39K 
                Carryforwards (Details)                                          
95: R87         Income Taxes - Schedule of Unrecognized Tax         HTML     38K 
                Benefits (Details)                                               
96: R88         Derivatives - Narrative (Details)                   HTML     54K 
97: R89         Derivatives - Schedule of Fair Value of Derivative  HTML     41K 
                Instruments Designated as Hedges in the                          
                Consolidated Balance Sheet (Details)                             
98: R90         Derivatives - Schedule of Impact of Interest Rate   HTML     43K 
                Swap and Foreign currency contract on Other                      
                Comprehensive Income, AOCI, and Statement of                     
                Operations (Details)                                             
99: R91         Fair Value Measures - Schedule of Carrying Amounts  HTML     68K 
                and Fair Values of Financial Assets and                          
                Liabilities (Details)                                            
100: R92         Fair Value Measures - Narrative (Details)           HTML     44K  
101: R93         Stock-Based Compensation - Schedule of Restricted   HTML     56K  
                Stock Award Activity (Details)                                   
102: R94         Stock-Based Compensation - Narrative (Details)      HTML     77K  
103: R95         Stock-Based Compensation - Schedule of Time-Based   HTML     57K  
                RSU Award Activity (Details)                                     
104: R96         Stock-Based Compensation - Schedule of              HTML     57K  
                Performance-Based RSU Award Activity (Details)                   
105: R97         Stock-Based Compensation - Schedule of Stock        HTML     64K  
                Option Activity (Details)                                        
106: R98         Earnings Per Share - Schedule of Reconciliation of  HTML     66K  
                Weighted Average Shares Outstanding (Details)                    
107: R99         Earnings Per Share - Schedule of Anti-dilutive      HTML     38K  
                Securities (Details)                                             
108: R100        Subsequent Events (Details)                         HTML     75K  
110: XML         IDEA XML File -- Filing Summary                      XML    222K  
113: XML         XBRL Instance -- wsc-20240502_htm                    XML   3.12M  
109: EXCEL       IDEA Workbook of Financial Report Info              XLSX    239K  
 5: EX-101.CAL  XBRL Calculations -- wsc-20240502_cal                XML    368K 
 6: EX-101.DEF  XBRL Definitions -- wsc-20240502_def                 XML   1.19M 
 7: EX-101.LAB  XBRL Labels -- wsc-20240502_lab                      XML   2.23M 
 8: EX-101.PRE  XBRL Presentations -- wsc-20240502_pre               XML   1.68M 
 4: EX-101.SCH  XBRL Schema -- wsc-20240502                          XSD    261K 
111: JSON        XBRL Instance as JSON Data -- MetaLinks              666±  1.02M  
112: ZIP         XBRL Zipped Folder -- 0001647088-24-000088-xbrl      Zip    517K  


‘8-K’   —   Current Report


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM  i 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  i May 2, 2024
WSMM Holdings Corp Logo.jpg
 i WILLSCOT MOBILE MINI HOLDINGS CORP.
(Exact name of registrant as specified in its charter)

 i Delaware i 001-37552 i 82-3430194
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
 i 4646 E Van Buren St.,  i Suite 400
 i Phoenix,  i Arizona  i 85008

(Address, including zip code, of principal executive offices)

( i 480)  i 894-6311
(Registrant’s telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 i  Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
 i Common stock, par value $0.0001 per share i WSC
The  i Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of         1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  i 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐






Item 8.01
Other Events

WillScot Mobile Mini Holdings Corp. (the "Company") is filing this Current Report on Form 8-K (the "Form 8-K") to reflect changes to the segment reporting in the Company’s financial information as set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Annual Report on Form 10-K"), as filed with the Securities and Exchange Commission ("SEC") on February 20, 2024. As previously disclosed in the Quarterly Report on Form 10-Q for the period ended March 31, 2024 (as filed with the SEC on May 2, 2024), effective January 2024, the Company completed the unification of its go-to market structure by integrating its modular and storage divisions under a single leadership team organized by geography, achieving local product unification within each metropolitan statistical area and the ability to consistently deliver its portfolio of solutions to its entire customer base. In connection with this change in operating model, the Company realigned the composition of its operating and reportable segments to reflect how its Chief Operating Decision Maker reviews financial information to allocate resources to and assess performance of the segments. As a result, the Company concluded that its two operating segments (US and Other North America) are aggregated into one reportable segment as the operating segments share similar economic characteristics (e.g., comparable gross margins and comparable adjusted earnings before interest, taxes, depreciation and amortization margins) and similar qualitative characteristics as the operating segments offer similar products and services to similar customers, use similar methods to distribute products and are subject to similar competitive risks.

Exhibit 99.1 sets forth, and incorporated herein by reference are, Items 7 and 8 of the Company’s 2023 Annual Report on Form 10-K for the fiscal year ended December 31, 2023. This Current Report does not reflect events occurring after the February 20, 2024 filing date of the 2023 Annual Report on Form 10-K and does not modify or update the disclosures therein except to present the above changes. More current information is contained in the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2024 (the “Form 10-Q”) and other filings with the SEC. This Current Report on Form 8-K should be read in conjunction with the 2023 Annual Report on Form 10-K, the Form 10-Q, and any other documents the Company has filed with the SEC subsequent to February 20, 2024 (the “Other Documents”). The Form 10-Q and the Other Documents contain information regarding events, developments and updates to certain expectations of the Company that have occurred since the filing of the 2023 Annual Report on Form 10-K.

Item 9.01
Financial Statements and Exhibits

(d) Exhibits    

Exhibit
No.
Exhibit Description
Part II. Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations
Part II. Item 8 Financial Statements and Supplementary Data
101Inline XBRL Document Set for the consolidated financial statements and accompanying notes in Part II, Item 8, "Financial Statements and Supplementary Data"
104Cover Page Interactive Data File (embedded within the Inline XBRL document)






 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 WillScot Mobile Mini Holdings Corp.
  
By:/s/ Hezron Timothy Lopez
  Name: Hezron Timothy Lopez
  Title: Executive Vice President, Chief Legal & Compliance Officer & ESG
 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period end:5/2/2410-Q,  8-K
3/31/2410-Q
2/20/2410-K,  8-K
12/31/2310-K
 List all Filings 
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