<SEC-DOCUMENT>0000004457-16-000066.txt : 20160203
<SEC-HEADER>0000004457-16-000066.hdr.sgml : 20160203
<ACCEPTANCE-DATETIME>20160203172536
ACCESSION NUMBER:		0000004457-16-000066
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160203
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160203
DATE AS OF CHANGE:		20160203

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERCO /NV/
		CENTRAL INDEX KEY:			0000004457
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
		IRS NUMBER:				880106815
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11255
		FILM NUMBER:		161385915

	BUSINESS ADDRESS:	
		STREET 1:		5555 KIETZKE LANE STE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89511
		BUSINESS PHONE:		7756886300

	MAIL ADDRESS:	
		STREET 1:		5555 KIETZKE LANE
		STREET 2:		SUITE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89511

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERCO
		DATE OF NAME CHANGE:	19770926
</SEC-HEADER>
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            <p style="margin:0pt"><a name="EDGAR_PAGE_START1"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">UNITED STATES</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">SECURITIES AND EXCHANGE COMMISSION</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">WASHINGTON</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">, </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">D.C.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">20549</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">FORM 8-K</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">CURRENT REPORT</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Pursuant to Section 13 or 15(d) of the</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Securities Exchange Act of 1934</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">February</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">3</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">, 201</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">6</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Date of Report (Date of earliest event reported)</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:11pt; font-weight:bold">AMERCO</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Nevada</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(State or other jurisdiction of incorporation)</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">5555 Kietzke Lane, Ste. 100</font></p>
                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Reno, Nevada 895</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">11</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">(775) 688-6300</font></p>
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            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">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:</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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            <p style="margin:0pt"><a name="EDGAR_PAGE_START2"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold">Item 8.01.&#160; Other Items</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On February 3, 2016, AMERCO announced that its Board of Directors, (the &#8220;Board&#8221;), based on the recommendation of the Special Committee to the Board made up of independent directors, will not take action at this time on the non-binding stockholder proposal recommending that the Board declare and issue a dividend of seven shares of nonvoting common stock for each common share held. </font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">The Company&#8217;s press release regarding this is included as Exhibit 99.1.</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:216pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 0.7pt; text-indent:-46.8pt; page-break-after:avoid; padding-left:46.8pt"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Item 9.01.&#160; </font><font style="font-family:Arial; font-size:11pt; font-weight:bold">Fi</font><font style="font-family:Arial; font-size:11pt; font-weight:bold">nancial Statements and Exhibits</font></p>
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            <p style="margin:0pt 0pt 0pt 0.7pt; text-indent:-46.8pt; padding-left:46.8pt"><font style="font-family:Arial; font-size:10pt">(d)Exhibits.</font><font style="font-family:Arial; font-size:11pt">&#160; </font></p>
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                        <p style="margin:3pt 0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Exhibit No.</font></p>
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                        <p style="margin:3pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
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                        <p style="margin:3pt 0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">99.1 </font></p>
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                        <p style="margin:3pt 0pt"><font style="font-family:Arial; font-size:10pt">Press release dated </font><font style="font-family:Arial; font-size:10pt">February</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">3, 2016</font><font style="font-family:Arial; font-size:10pt">.</font></p>
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            <p style="margin:0pt; text-indent:216pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt; text-indent:216pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:216pt"><font style="font-family:Arial; font-size:10pt">SIGNATURE</font></p>
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            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
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            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">Dated: </font><font style="font-family:Arial; font-size:10pt">February </font><font style="font-family:Arial; font-size:10pt">3</font><font style="font-family:Arial; font-size:10pt">, 2016</font></p>
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            <p style="margin:0pt 0pt 0pt 180pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">AMERCO</font></p>
            <p style="margin:0pt 0pt 0pt 180pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 0pt 216pt; text-indent:-54pt; padding-left:54pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">/s/ Jason A. Berg</font></p>
            <p style="margin:0pt 0pt 0pt 216pt; text-indent:-54pt; padding-left:54pt"><font style="font-family:Arial; font-size:10pt">Jason A. Berg, </font></p>
            <p style="margin:0pt 0pt 0pt 216pt; text-indent:-54pt; padding-left:54pt"><font style="font-family:Arial; font-size:10pt">Principal Financial Officer and </font></p>
            <p style="margin:0pt 0pt 0pt 216pt; text-indent:-54pt; padding-left:54pt"><font style="font-family:Arial; font-size:10pt">Chief Accounting Officer </font></p>
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            <p style="margin:0pt; text-indent:216pt; page-break-after:avoid"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Exhibit Index</font></p>
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                        <p style="margin:3pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Description</font></p>
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                        <p style="margin:3pt 0pt"><font style="font-family:Arial; font-size:10pt">Press release dated </font><font style="font-family:Arial; font-size:10pt">February</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">3, 2016</font><font style="font-family:Arial; font-size:10pt">.</font></p>
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            <p style="margin:0pt"><a name="EDGAR_PAGE_START1"></a><font style="font-family:Times; font-size:12pt; font-weight:bold">Contact:</font></p>
            <p style="margin:0pt"><font style="font-family:Times; font-size:12pt; font-weight:bold">Sebastien Reyes</font></p>
            <p style="margin:0pt"><font style="font-family:Times; font-size:12pt; font-weight:bold">Director of Investor Relations</font></p>
            <p style="margin:0pt"><font style="font-family:Times; font-size:12pt; font-weight:bold">AMERCO</font></p>
            <p style="margin:0pt"><font style="font-family:Times; font-size:12pt; font-weight:bold">(602) 263-6601</font></p>
            <p style="margin:0pt"><font style="font-family:Times; font-size:12pt; font-weight:bold; text-decoration:none">Sebastien_Reyes@uhaul.com</font></p>
            <p style="margin:0pt"><font style="font-family:Times; font-size:12pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:Times; font-size:12pt; font-weight:bold">AMERCO ANNOUNCES COMPLETION OF BOARD OF DIRECTORS REVIEW OF STOCKHOLDER PROPOSAL </font></p>
            <p style="margin:0pt"><font style="font-family:Times; font-size:12pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Times; font-size:12pt; font-weight:bold">RENO, Nev. (February 3, 2016)</font><font style="font-family:Times; font-size:12pt">--AMERCO (Nasdaq: UHAL), </font><font style="font-family:'Times New Roman'; font-size:12pt">parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company,</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">announced that a special committee of the independent directors of the AMERCO Board of Directors (the &#8220;Board&#8221;) has recommended to the Board that the Company take no action on a Stockholder Proposal from its 2015 Annual Meeting of Stockholders </font><font style="font-family:Times; font-size:12pt">(the</font><font style="font-family:Times; font-size:12pt; letter-spacing:1.35pt"> </font><font style="font-family:Times; font-size:12pt; letter-spacing:-0.05pt">&#8220;Annual</font><font style="font-family:Times; font-size:12pt; letter-spacing:1.45pt"> </font><font style="font-family:Times; font-size:12pt; letter-spacing:-0.05pt">Meeting&#8221;)</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 5.75pt 0pt 0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">In</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:1.9pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">connection</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:1.9pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">with</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:1.9pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">the</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:1.85pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">Annual</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:1.9pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">Meeting</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">,</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:1.5pt"> AMERCO r</font><font style="font-family:'Times New Roman'; font-size:12pt">eceived</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:1.5pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">a non-binding stockholder proposal </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">recommending</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:1.3pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.05pt">that</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:3.65pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">&#8220;the</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.2pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">Board</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.2pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">of</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.2pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">Directors</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.25pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">and</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.25pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">management</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.35pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">act</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.25pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">expeditiously</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:1.9pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">to</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.25pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">declare</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.2pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">and</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.25pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">issue</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.2pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">a</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.85pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">dividend</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.7pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">of</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.65pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">7</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.7pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">(seven)</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.65pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">shares</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.7pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">of</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.65pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">nonvoting</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.55pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">common</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.7pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">stock</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.65pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">for</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.6pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">each</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.8pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">common</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.7pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">share</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.65pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">held</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.7pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">to</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:0.7pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">all</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:3.75pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">AMERCO</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.1pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">stockholders</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.25pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">of</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.1pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">record </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">&#8221;</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:2.95pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">(the</font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt"> &#8220;Stockholder</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt; letter-spacing:-0.05pt">Proposal&#8221;).</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Times; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Times; font-size:12pt">In response to the Stockholder Proposal the AMERCO Board of Directors formed a Special Committee of independent directors of AMERCO to investigate, review, consider, evaluate, negotiate and make determinations in respect of the transaction(s) contemplated by the Stockholder Proposal.&#160; The Special Committee engaged Moelis &amp; Company as its independent financial advisor, and Greenberg Traurig, LLP as its independent legal advisor.&#160; As a result of its investigation, the Special Committee determined that it not recommend implementation of the Stockholder Proposal at this time. </font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Times; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Times; font-size:12pt; font-weight:normal">&#160;</font><font style="font-family:'Times New Roman'; font-size:12pt; font-weight:bold">About AMERCO</font></p>
            <p style="margin:0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:'Times New Roman'; font-size:12pt">AMERCO is the parent company</font><font style="font-family:'Times New Roman'; font-size:12pt"> of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company.</font><font style="font-family:'Times New Roman'; font-size:12pt"> U-Haul is in the shared use business and was founded on the fundamental philosophy that the division of use and specialization of ownership is good for both U-Haul customers and the environment.</font></p>
            <p style="margin:0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Certain of the statements made in this press release regarding our business constitute forward-looking statements as contemplated under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated as a result of various risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. For a brief discussion of the risks and uncertainties that may affect AMERCO&#8217;s business and future operating results, please refer to our Form 10-Q for the quarter ended </font><font style="font-family:'Times New Roman'; font-size:12pt">Dec</font><font style="font-family:'Times New Roman'; font-size:12pt">ember 3</font><font style="font-family:'Times New Roman'; font-size:12pt">1</font><font style="font-family:'Times New Roman'; font-size:12pt">, 201</font><font style="font-family:'Times New Roman'; font-size:12pt">5</font><font style="font-family:'Times New Roman'; font-size:12pt">, which is on file with the SEC.</font><a name="EDGAR_PAGE_END1"></a></p>
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