Stratrix
On the Record · H&E Equipment Services

H&E Equipment Services layoffs, on the record

Every job cut, severance charge and restructuring H&E Equipment Services reported in its annual reports, 2022 to 2024, quoted from the filings. Headcount went from approximately 2,375 to approximately 2,800.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2022approximately 2,375December 31, 2022
10-K for 2023approximately 2,765December 31, 2023
10-K for 2024approximately 2,800December 31, 2024

Job cuts, severance and restructuring

  1. Our summaryThe company entered into severance agreements with each of its named executive officers, paying severance and benefits if they are terminated without cause or resign for good reason within two years after a change in control. In February 2025 · Affected: each of the Company’s named executive officers

    Word for word“In February 2025, severance agreements were entered into between the Company and each of the Company’s named executive officers (each, an “NEO”) (collectively, the “Executive Severance Agreements”).” 10-K for 2024

  2. Our summaryThe executive severance agreements provide a lump sum of two times salary and target bonus plus up to 18 months of employer COBRA premium payments after a qualifying termination following a change in control. Cost: a lump sum amount equal to two-times the NEO’s then-current base salary and target annual bonus for the year of termination

    Word for word“The Executive Severance Agreements provide for the following severance payments and benefits in the event that an NEO’s employment is terminated by the Company (or its successor) without “Cause” or an NEO resigns for “Good Reason”, in either case, within two years following a “change in control”: (i) a lump sum amount equal to two-times the NEO’s then-current base salary and target annual bonus for the year of termination (not taking into account any reductions that may give rise to a claim of “Good Reason”), and (ii) if continuation coverage is timely elected under COBRA, continued payment by the Company or an affiliate of the Company of the employer-portion of COBRA premiums for up to 18 months following the date of termination of the NEO’s employment (collectively, the “Severance Benefits”).” 10-K for 2024

H&E Equipment Services has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from H&E Equipment Services’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-21. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.