Herc Holdings Inc. expanded the size of its Board of Directors from seven members to eight members and, under the terms of the Merger Agreement, appointed Mr. John M. Engquist, who previously served as a member on the H&E board of directors, to the Board. This appointment became effective on June 2, 2025. As previously disclosed, Mr. Engquist and Ms. Suzanne Wood were both originally contemplated to be appointed to serve on the Board.

However, on May 20, 2025, Ms. Wood notified the Company of her decision to withdraw from consideration for appointment to the Board due to personal reasons and not as the result of any disagreement between her and the Company, its management, the Board or any committee thereof.