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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay versus Performance

The following table provides information required by Item 402(v) of Regulation S-K. For information regarding the Company’s pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, see “Executive Compensation – Compensation Discussion and Analysis.”


					Average Summary Compensation		Average Compensation Actually Paid to		Value of Initial Fixed $100 Investment Based On: (4)
Year	Summary Compensation Table Total for PEO(1)		Compensation Actually Paid to PEO(3)		Table Total for non-PEO Named Executive Officers(2)		non-PEO Named Executive Officers(3)		Total Shareholder Return			Peer Group Total Shareholder Return(5)			Net (Loss) Income		Economic EBIT Yield(6)



2024		2,356,051		210,331		814,677		267,133		$	66.49		$	155.78		($62.1 million)		8.9	%
2023		2,859,613		2,910,906		1,039,712		1,119,076		$	122.17		$	163.80		$8.9 million		15.5	%
2022		3,533,534		4,349,809		1,237,690		1,343,677		$	128.19		$	149.21		$9.3 million		15.3	%
2021		1,490,015		1,574,706		972,945		1,249,779		$	141.04		$	161.79		($20.8 million)		12.1	%
2020		539,957		539,957		1,908,335		1,731,535		$	95.18		$	113.71		($24.0 million)		10.2	%

(1) Ryan Greenawalt was our CEO for the years presented.

(2) Other named executive officers consisted of Anthony Colucci, Craig Brubaker, and Jeffrey Hoover for fiscal 2024; Anthony Colucci and Craig Brubaker for fiscal 2023 and fiscal 2022; and Anthony Colucci for fiscal 2021 and fiscal 2020.

(3) Compensation “actually paid” is calculated in accordance with Item 402(v) of Regulation S-K. The tables below sets forth each adjustment made during each year presented in the table to calculate the compensation “actually paid” to our NEOs during each year in the table:


	2024		2023		2022		2021

Adjustments to Determine Compensation “Actually Paid”	PEO	Other NEOs	PEO	Other NEOs	PEO	Other NEO	PEO	Other NEO



Summary Compensation Table Amounts (Average Amounts for Other NEOs)	2,356,051	814,677	2,859,613	1,039,712	3,533,534	1,237,690	1,490,015	972,945


Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table	(1,413,320)	(336,083)	(1,232,163)	(316,738)	(1,786,644)	(454,060)	(395,882)	(154,645)


Increase for fair value of awards granted during covered year that remain outstanding as of the end of the covered year end	259,749	61,768	1,170,878	300,984	2,651,305	643,623	480,573	187,729


Increase/(deduction) for change in fair value from prior year-end to covered year-end for all awards granted in a fiscal year prior to the covered fiscal year that were outstanding unvested at the end of the covered fiscal year	(870,159)	(224,674)	(103,552)	(36,150)	(29,237)	(50,501)	N/A	232,050


Increase/(deduction) for change in fair value from prior year-end to vesting date of awards granted prior to covered year that vested during covered year	(121,989)	(48,555)	216,130	131,268	(19,149)	(33,075)	N/A	11,700


Deduction of fair value of awards granted prior to covered year that were forfeited during covered year	—	—	—	—	—	—	—	—


Increase based upon incremental fair value of awards modified during year	—	—	—	—	—	—	—	—


Increase based on dividends or other earnings paid during covered year, prior to vesting date of award	—	—	—	—	—	—	—	—


Compensation Actually Paid	210,331	267,133	2,910,906	1,119,076	4,349,809	1,343,677	1,574,706	1,249,779

(4)

Assumes $100 invested in our common shares on February 14, 2020, and reinvestment of all dividends.

(5)

The 2024 peer group used by the Company for purposes of its compensation disclosure, as set forth in the Compensation Discussion & Analysis section, consists of the following companies: MRC Global Inc.; Herc Holdings Inc.; BlueLinx Holdings Inc.; Trinity Industries, Inc; MarineMax, Inc.; DNOW Inc.; The Manitowoc Company, Inc.; Titan Machinery Inc.; Custom Truck One Source, Inc.; OneWater Marine Inc.; DXP Enterprises, Inc.; H&E Equipment Services, Inc.; Astec Industries, Inc.; Monro, Inc.; Global Industrial Company; America’s Car-Mart, Inc.; and McGrath RentCorp. The peer groups used to calculate Peer Group Total Shareholder Return in prior years are disclosed in our 2024 and 2023 proxy statements.

(6)

Economic EBIT Yield is a measure assessing the Company’s performance with respect to its return on invested capital. For more information regarding Economic EBIT Yield, see Appendix B.

Company Selected Measure Name

Economic EBIT Yield

Named Executive Officers, Footnote

Anthony Colucci, Craig Brubaker, and Jeffrey Hoover for fiscal 2024; Anthony Colucci and Craig Brubaker for fiscal 2023 and fiscal 2022; and Anthony Colucci for fiscal 2021 and fiscal 2020.

Peer Group Issuers, Footnote

(5)

PEO Total Compensation Amount

$ 2,356,051

$ 2,859,613

$ 3,533,534

$ 1,490,015

$ 539,957

PEO Actually Paid Compensation Amount

$ 210,331

2,910,906

4,349,809

1,574,706

539,957

Adjustment To PEO Compensation, Footnote

Compensation “actually paid” is calculated in accordance with Item 402(v) of Regulation S-K. The tables below sets forth each adjustment made during each year presented in the table to calculate the compensation “actually paid” to our NEOs during each year in the table:


	2024		2023		2022		2021

Adjustments to Determine Compensation “Actually Paid”	PEO	Other NEOs	PEO	Other NEOs	PEO	Other NEO	PEO	Other NEO



Summary Compensation Table Amounts (Average Amounts for Other NEOs)	2,356,051	814,677	2,859,613	1,039,712	3,533,534	1,237,690	1,490,015	972,945


Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table	(1,413,320)	(336,083)	(1,232,163)	(316,738)	(1,786,644)	(454,060)	(395,882)	(154,645)


Increase for fair value of awards granted during covered year that remain outstanding as of the end of the covered year end	259,749	61,768	1,170,878	300,984	2,651,305	643,623	480,573	187,729


Increase/(deduction) for change in fair value from prior year-end to covered year-end for all awards granted in a fiscal year prior to the covered fiscal year that were outstanding unvested at the end of the covered fiscal year	(870,159)	(224,674)	(103,552)	(36,150)	(29,237)	(50,501)	N/A	232,050


Increase/(deduction) for change in fair value from prior year-end to vesting date of awards granted prior to covered year that vested during covered year	(121,989)	(48,555)	216,130	131,268	(19,149)	(33,075)	N/A	11,700


Deduction of fair value of awards granted prior to covered year that were forfeited during covered year	—	—	—	—	—	—	—	—


Increase based upon incremental fair value of awards modified during year	—	—	—	—	—	—	—	—


Increase based on dividends or other earnings paid during covered year, prior to vesting date of award	—	—	—	—	—	—	—	—


Compensation Actually Paid	210,331	267,133	2,910,906	1,119,076	4,349,809	1,343,677	1,574,706	1,249,779

Non-PEO NEO Average Total Compensation Amount

$ 814,677

1,039,712

1,237,690

972,945

1,908,335

Non-PEO NEO Average Compensation Actually Paid Amount

$ 267,133

1,119,076

1,343,677

1,249,779

1,731,535

Adjustment to Non-PEO NEO Compensation Footnote


	2024		2023		2022		2021

Adjustments to Determine Compensation “Actually Paid”	PEO	Other NEOs	PEO	Other NEOs	PEO	Other NEO	PEO	Other NEO



Summary Compensation Table Amounts (Average Amounts for Other NEOs)	2,356,051	814,677	2,859,613	1,039,712	3,533,534	1,237,690	1,490,015	972,945


Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table	(1,413,320)	(336,083)	(1,232,163)	(316,738)	(1,786,644)	(454,060)	(395,882)	(154,645)


Increase for fair value of awards granted during covered year that remain outstanding as of the end of the covered year end	259,749	61,768	1,170,878	300,984	2,651,305	643,623	480,573	187,729


Increase/(deduction) for change in fair value from prior year-end to covered year-end for all awards granted in a fiscal year prior to the covered fiscal year that were outstanding unvested at the end of the covered fiscal year	(870,159)	(224,674)	(103,552)	(36,150)	(29,237)	(50,501)	N/A	232,050


Increase/(deduction) for change in fair value from prior year-end to vesting date of awards granted prior to covered year that vested during covered year	(121,989)	(48,555)	216,130	131,268	(19,149)	(33,075)	N/A	11,700


Deduction of fair value of awards granted prior to covered year that were forfeited during covered year	—	—	—	—	—	—	—	—


Increase based upon incremental fair value of awards modified during year	—	—	—	—	—	—	—	—


Increase based on dividends or other earnings paid during covered year, prior to vesting date of award	—	—	—	—	—	—	—	—


Compensation Actually Paid	210,331	267,133	2,910,906	1,119,076	4,349,809	1,343,677	1,574,706	1,249,779

Compensation Actually Paid vs. Total Shareholder Return

•

Relationship Between Compensation Actually Paid to our PEO and the Average of the Compensation Actually Paid to the Other NEOs and the Company’s Cumulative TSR. From 2020 to 2024, the compensation actually paid to our PEO and the average of the compensation actually paid to the Other NEOs decreased by 61% and 85%, respectively, compared to a:

•

34% decrease in our TSR over the same time period

•

159% decrease in our Net (Loss) Income over the same time period

•

13% decrease in our Economic EBIT Yield over the four-year period.

Total Shareholder Return Vs Peer Group

Relationship Between the Company’s TSR and the Peer Group TSR. The TSR for the peer group disclosed in the table above increased by 56% from the Business Combination Closing Date in 2020 to 2024 as compared to the Company’s TSR, which decreased by 34% over the same time period.

Tabular List, Table

Tabular List of Most Important Financial Performance Measures

The following is a list of the financial performance measures that we believe are the most important financial performance measures used to link NEO compensation to company performance. For more information, see “Executive Compensation – Compensation Discussion & Analysis” in this proxy statement. Although we do not in practice use any performance measures to link compensation “actually paid” (as calculated herein) to company performance, we are providing this list in accordance with Item 402(v) of Regulation S-K to provide information on performance measures used by the Compensation Committee to determine NEO compensation.

•

Economic EBIT Yield

•

Adjusted Pre-Tax Net Income

Total Shareholder Return Amount

$ 66.49

122.17

128.19

141.04

95.18

Peer Group Total Shareholder Return Amount

155.78

163.8

149.21

161.79

113.71

Net Income (Loss)

$ (62,100,000)

$ 8,900,000

$ 9,300,000

$ (20,800,000)

$ (24,000,000)

Company Selected Measure Amount

0.089

0.155

0.153

0.121

0.102

PEO Name

Ryan Greenawalt

Measure:: 1

Pay vs Performance Disclosure

Name

Economic EBIT Yield

Non-GAAP Measure Description

Economic EBIT Yield is a measure assessing the Company’s performance with respect to its return on invested capital. For more information regarding Economic EBIT Yield, see Appendix B.

Measure:: 2

Pay vs Performance Disclosure

Name

Adjusted Pre-Tax Net Income

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (1,413,320)

$ (1,232,163)

$ (1,786,644)

$ (395,882)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested