Dennis C. Kakures served as the President and CEO of McGrath RentCorp from June 2014 until his early retirement in February 2017. He holds a Bachelor’s degree in Business Administration from the University of California, Berkeley, and has expertise in...

Dennis C. Kakures served as the President and CEO of McGrath RentCorp from June 2014 until his early retirement in February 2017. He holds a Bachelor’s degree in Business Administration from the University of California, Berkeley, and has expertise in the business field. Interestingly, in 2016, his total compensation topped 1.6 million USD, mostly from his salary and a performance-linked bonus, reflecting his role in company profitability and personal goals. Before his retirement, he opted to reduce his annual equity grants by about 33%, allowing for more equity share for key employees, showing a concern for team dynamics and talent retention. With Kakures, McGrath RentCorp focused on aligning executive compensation with performance metrics, which tied directly to the company’s financial health. After stepping down, he transitioned into a consulting role, continuing to support the company for 18 months. This indicates a commitment to leadership and operational continuity, which is crucial for any business.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

M

Dennis C. Kakures

Ex-CEO of Mcgrath Rentcorp

Education

B.A. in Business Administration from California State University, Hayward

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1957 - 68 years ago

CEO of Mcgrath Rentcorp for

14 years 1 month (Jan 2003 - Feb 2017)

Previous Experience

Various executive roles within McGrath RentCorp

Rivals

Competitors/colleagues of Dennis C. Kakures

Holdings

See how much did Dennis C. Kakures make over time.

During his career at McGrath RentCorp, Dennis Kakures held significant equity in the company, with his ownership peaking at about 491,771 shares, approximately 2% of the total company ownership. His holdings reflected a solid commitment to the company's long-term success....

During his career at McGrath RentCorp, Dennis Kakures held significant equity in the company, with his ownership peaking at about 491,771 shares, approximately 2% of the total company ownership. His holdings reflected a solid commitment to the company's long-term success. His wealth fluctuated, especially around the time of his retirement in February 2017 when he transitioned to a consultant, highlighting a strategic exit plan. While all unvested equity was canceled upon his retirement, vested stock appreciation rights were still exercisable until September 2017. This showcases the balance he maintained between personal investment in the company and preparing the next generation of leadership.

Total Stock Sold

$11.32M

MGRC

$11.32M

367,622 MGRC shares

What if they kept their stock?

If Dennis C. Kakures didn't sell their stock, today they would have:
Extra MGRC367,622 shares worth $19.35M.
This is 70.94% and $8.03M more than what they got when they sold the stock.

Charitable Transactions

MGRC

5,542 shares

MGRC

Recent Charitable Transactions

MGRC

$180.89K

MGRC at $32.64/share

Mar 3, 2014

Charity

Insider Trading

See recent insider trades of Dennis C. Kakures.

MGRC

$299.10K

MGRC at $37.80/share

Dec 6, 2016

Sale

MGRC

$1.20M

MGRC at $32.60/share

Sep 6, 2016

Sale

MGRC

$315.48K

MGRC at $30.19/share

Jun 14, 2016

Sale

MGRC

$406.56K

MGRC at $33.37/share

Mar 12, 2014

Sale

MGRC

$180.89K

MGRC at $32.64/share

Mar 3, 2014

Charity

MGRC

$357.41K

MGRC at $33.01/share

Jun 10, 2013

Sale

MGRC

$3.78M

MGRC at $33.11/share

Jun 5, 2013

Sale

MGRC

$1.84M

MGRC at $30.72/share

Mar 14, 2013

Sale

MGRC

$1.96M

MGRC at $27.43/share

Dec 13, 2011

Sale

MGRC

$542.41K

MGRC at $26.20/share

Mar 11, 2011

Sale

Compensation History

See how much did Dennis C. Kakures make over time.

In 2016, Dennis Kakures' total compensation reached 1,629,413 USD, composed of a base salary of 553,654 USD and a performance-based bonus of 558,553 USD, reflecting his leadership impact on company performance. Interestingly, he did not receive any stock options or equity grants during his last active year due to underperformance against metrics. In previous years, he actively participated in the bonuses based on company profitability and personal goals. His retirement agreement included substantial benefit provisions, including monthly consulting payments of 47,250 USD for 18 months. The company maintained a focus on aligning executive compensation with performance metrics and shareholder interests, reflective of a modern approach in corporate governance, a practice Kakures championed.

Year

2017

Total Compensation

$0.00

Salary

$0.00

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance and shareholder interests, with a significant portion of compensation tied to performance metrics.

Bonus

$0.00

Board Justification

No bonus was paid as he did not act in any CEO or principal executive officer capacity during 2017.

Other

$0.00

Board Justification

Monthly payments of $47,250 were made under a consulting agreement starting March 16, 2017, but these payments are not included in the 2017 compensation as they pertain to consulting services post-retirement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested as all unvested equity awards were cancelled upon retirement.

Performance Metrics

No performance metrics applicable as he did not serve as CEO during 2017.