UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 2)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 2014
AMERCO
(Exact name of registrant as specified in its charter)
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Nevada |
1-11255 |
88-0106815 |
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(State or other jurisdiction of |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
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incorporation) |
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5555 Kietzke Lane, Ste. 100 Reno, Nevada 89511 (Address of principal executive offices including zip code) |
(775) 688-6300
(Registrant’s telephone number, including area code)
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Not Applicable (Former name or former address if changed since last report) |
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On October 10, 2016, U-Haul International, Inc. (“U-Haul”) and PODS Enterprises, LLC (“PEI”) entered into a Settlement Agreement which concludes the litigation between U-Haul and PEI. As part of the agreement, U-Haul will pay $41.4 million to PEI.
U-Haul had previously recorded a $60.7 million accrual in the fourth quarter of fiscal 2015, a $5.0 million accrual in the second quarter of fiscal 2016, along with $0.3 million of additional interest accruals between March 2015 and September 2016. U-Haul will record the $24.6 million difference between the accrued contingency and the final settlement amount as a reduction in operating expenses in the second quarter of fiscal 2017 AMERCO financial statements.
SIGNATURES
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.
AMERCO
(Registrant)
/s/ Jason A. Berg
Jason A. Berg
Chief Financial Officer