0001023875-18-000025.txt : 20180205 0001023875-18-000025.hdr.sgml : 20180205 20180205133015 ACCESSION NUMBER: 0001023875-18-000025 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180205 DATE AS OF CHANGE: 20180205 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MCGRATH RENTCORP CENTRAL INDEX KEY: 0000752714 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 942579843 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-36831 FILM NUMBER: 18573620 BUSINESS ADDRESS: STREET 1: 5700 LAS POSITAS RD CITY: LIVERMORE STATE: CA ZIP: 94551 BUSINESS PHONE: 925-606-9200 MAIL ADDRESS: STREET 1: 5700 LAS POSITAS RD CITY: LIVERMORE STATE: CA ZIP: 94551 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN MUTUAL ADVISERS LLC CENTRAL INDEX KEY: 0001023875 IRS NUMBER: 223463202 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 101 JOHN F KENNEDY PARKWAY CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: 9739122088 MAIL ADDRESS: STREET 1: 101 JOHN F KENNEDY PARKWAY CITY: SHORT HILLS STATE: NJ ZIP: 07078 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLIN MUTUAL ADVISERS INC DATE OF NAME CHANGE: 19960928 SC 13G 1 mcgr17in.htm mcgr17in.htm - Generated by SEC Publisher for SEC Filing  

 

 

        CUSIP NO.  580589109                        13G                            Page 1 of 7

 

                                                                                   UNITED STATES

                                                              SECURITIES AND EXCHANGE COMMISSION

                                                                          Washington, D.C. 20549

 

                                                                                    SCHEDULE 13G

 

                                                       Under the Securities Exchange Act of 1934

                                                                               (Amendment No. )*

 

                                                                                McGRATH RENTCORP

                                                                                (Name of Issuer)

 

                                                                                    Common Stock

 

                                                                  (Title of Class of Securities)

 

                                                                                       580589109 

                                                                                  (CUSIP Number)

 

                                                                               December 31, 2017

                                         (Date of Event Which Requires Filing of this Statement)

 

          Check the appropriate box to designate the rule pursuant to which this Schedule is

          filed: 

 

          [X] Rule 13d‑1(b)

          [ ] Rule 13d‑1(c)

          [ ] Rule 13d‑1(d)

 

          *The remainder of this cover page shall be filled out for a reporting person's

          initial filing on this form with respect to the subject class of securities, and

          for any subsequent amendment containing information which would alter the

          disclosures provided in a prior cover page.

 

          The information required in the remainder of this cover page shall not be deemed to

          be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934

          ("Act") or otherwise subject to the liabilities of that section of the Act but

          shall be subject to all other provisions of the Act (however, see the Notes).

 

 


 
 

 

 

 

        CUSIP NO.  580589109                        13G                            Page 2 of 7

 

          1.   NAMES OF REPORTING PERSONS.    

 

                     Franklin Advisory Services, LLC

 

          2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

                     (a) 

                     (b) X

 

          3.   SEC USE ONLY

 

          4.   CITIZENSHIP OR PLACE OF ORGANIZATION

 

                     Delaware 

 

          NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

                     5.   SOLE VOTING POWER

 

                                (See Item 4)

 

                     6.   SHARED VOTING POWER

 

                                (See Item 4)

 

                     7.   SOLE DISPOSITIVE POWER

 

                                (See Item 4)

 

                     8.   SHARED DISPOSITIVE POWER

 

                                (See Item 4)

 

          9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

                     1,628,497  

 

          10.  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

                     CERTAIN SHARES [ ]

 

          11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

                     6.8% 

 

          12.  TYPE OF REPORTING PERSON

 

                     IA, OO (See Item 4)

 

 


 
 

 

 

 

        CUSIP NO.  580589109                        13G                            Page 3 of 7

 

          Item 1.

 

          (a)   Name of Issuer

 

                      McGRATH RENTCORP

 

          (b)   Address of Issuer's Principal Executive Offices

 

           5700 Las Positas Road

           Livermore, CA 94551-7800

 

            

 

          Item 2.

 

          (a)   Name of Person Filing

 

                      Franklin Advisory Services, LLC

 

          (b)   Address of Principal Business Office or, if none, Residence

 

                      55 Challenger Road, Suite 501

           Ridgefield Park, NJ 07660

 

          (c)   Citizenship

 

                      Delaware 

 

          (d)   Title of Class of Securities

 

                      Common Stock

 

          (e)   CUSIP Number

 

                      580589109 

 

 


 
 

 

 

        CUSIP NO.  580589109                        13G                            Page 4 of 7

 

          Item 3. If this statement is filed pursuant to §§240.13d‑1(b) or 240.13d‑2(b) or (c),

                          check whether the person filing is a:

 

                          (a) [ ]  Broker or dealer registered under section 15 of the Act (15 U.S.C. 8o).

 

                          (b) [ ]  Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

                          (c) [ ]  Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.

                                            78c). 

 

                          (d) [ ]  Investment company registered under section 8 of the Investment Company

                                            Act of 1940 (15 U.S.C 80a ‑8).

 

                          (e) [X]  An investment adviser in accordance with §240.13d‑1(b)(1)(ii)(E);

 

                          (f) [ ]  An employee benefit plan or endowment fund in accordance with

                                            §240.13d‑1(b)(1)(ii)(F); 

 

                          (g) [ ]  A parent holding company or control person in accordance with

                                            §240.13d‑1(b)(1)(ii)(G); 

 

                          (h) [ ]  A savings associations as defined in Section 3(b) of the Federal

                                            Deposit Insurance Act (12 U.S.C. 1813);

 

                          (i) [ ]  A church plan that is excluded from the definition of an investment

                                            company under section 3(c)(14) of the Investment Company Act of 1940

                                            (15 U.S.C. 80a‑3);

 

                          (j) [ ]  A non‑U.S. institution in accordance with §240.13d‑1(b)(ii)(J);

 

                          (k) [ ]  Group, in accordance with §240.13d‑1(b)(1)(ii)(K).

 

                          If filing as a non‑U.S. institution in accordance with §240.13d‑1(b)(1)(ii)(J),

                          please specify the type of institution

 

 

          Item 4. Ownership

 

          The securities reported herein are beneficially owned by one or more open‑end investment

          companies or other managed accounts that are investment management clients of Franklin

          Mutual Advisors, LLC ("FMA") and/or Franklin Advisory Services, LLC (“FAS”), each an

     indirect wholly owned subsidiary of Franklin Resources, Inc. ("FRI"). When an investment

     management contract (including a sub‑advisory agreement) delegates to FMA or FAS

     investment discretion or voting power over the securities held in the investment advisory

     accounts that are subject to that agreement, FRI treats FMA or FAS as having sole

     investment discretion or voting authority, as the case may be, unless the agreement

     specifies otherwise. Accordingly, each of FMA and FAS reports on Schedule 13G that it has

     sole investment discretion and voting authority over the securities covered by any such

     investment management agreement, unless otherwise noted in this Item 4. As a result for

     purposes of Rule 13d‑3 under the Act, FMA and/or FAS may be deemed to be the beneficial

          owner of the securities reported in this Schedule 13G.

 

          Beneficial ownership by investment management subsidiaries and other affiliates of FRI

          is being reported in conformity with the guidelines articulated by the SEC staff in

          Release No. 34‑39538 (January 12, 1998) relating to organizations, such as FRI, where

          related entities exercise voting and investment powers over the securities being

          reported independently from each other. The voting and investment powers held by FMA and

     FAS are exercised independently from FRI (FMA’s and FAS’s parent holding company) and from

     all other investment management subsidiaries of FRI (FRI, its affiliates and investment

     management subsidiaries other than FMA and FAS are, collectively, “FRI affiliates”).

     Furthermore, internal policies and procedures of FMA, FAS and FRI establish informational

     barriers that prevent the flow between FMA and FAS, on the one hand, and the FRI

     affiliates, on the other hand, of information that relates to the voting and investment

     powers over the securities owned by their respective investment management clients.

     Consequently, FMA and FAS report the securities over which they hold investment and voting

     power separately from the FRI affiliates for purposes of Section 13 of the Act.

 

 


 
 

 

 

 

        CUSIP NO.  580589109                        13G                            Page 5 of 7

 

          Charles B. Johnson and Rupert H. Johnson, Jr. (the "Principal Shareholders") each own in

          excess of 10% of the outstanding common stock of FRI and are the principal stockholders

          of FRI. However, because FMA and FAS exercise voting and investment powers on behalf of

     their investment management clients independently of FRI, beneficial ownership of the

          securities reported by FMA and FAS is not attributed to the Principal Shareholders. Each

     of FMA and FAS disclaims any pecuniary interest in any of the securities reported in this

     Schedule 13G.  In addition, the filing of this Schedule 13G on behalf of FMA and/or FAS

     should not be construed as an admission that it is, and it disclaims that it is, the

     beneficial owner, as defined in Rule 13d‑3, of any of such securities.

 

 

          Furthermore, each of FMA and FAS believes that it is not a "group" with FRI, the Principal

          Shareholders, or their respective affiliates within the meaning of Rule 13d‑5 under the

          Act and that none of them is otherwise required to attribute to any other the

          beneficial ownership of the securities held by such person or by any persons or

          entities for whom or for which FMA or the FRI affiliates provide investment management

          services. 

 

              (a)     Amount beneficially owned:

 

                              1,628,497  

 

              (b)     Percent of class:

 

                              6.8% 

 

              (c)     Number of shares as to which the person has:

 

                       (i)    Sole power to vote or to direct the vote

 

                                    Franklin Advisory Services, LLC:                                 1,503,028

 

                     (ii)    Shared power to vote or to direct the vote

 

                                   

 

                   (iii)    Sole power to dispose or to direct the disposition of

 

                                    Franklin Advisory Services, LLC:                                 1,628,497

 

                     (iv)    Shared power to dispose or to direct the disposition of

 

                                   

 

          Item 5. Ownership of Five Percent or Less of a Class

 

                          If this statement is being filed to report the fact that as of the date hereof

                          the reporting person has ceased to be the beneficial owner of more than five

                          percent of the class of securities, check the following [ ]. 

 

          Item 6. Ownership of More than Five Percent on Behalf of Another Person

 

                          The clients of Franklin Advisory Services, LLC, including investment companies

                          registered under the Investment Company Act of 1940 and other managed accounts,

                          have the right to receive or power to direct the receipt of dividends from, and

                          the proceeds from the sale of, the securities reported herein.

 

 

 


 
 

 

 

 

        CUSIP NO.  580589109                        13G                            Page 6 of 7

 

          Item 7. Identification and Classification of the Subsidiary Which Acquired the

                          Security Being Reported on By the Parent Holding Company

 

                          Not Applicable

 

          Item 8. Identification and Classification of Members of the Group

 

                          Not Applicable

 

          Item 9. Notice of Dissolution of Group

 

                          Not Applicable

 

 


 
 

 

 

 

        CUSIP NO.  580589109                        13G                            Page 7 of 7

 

          Item 10. Certification

 

          By signing below I certify that, to the best of my knowledge and belief, the securities

          referred to above were acquired and are held in the ordinary course of business and were

          not acquired and are not held for the purpose of or with the effect of changing or

          influencing the control of the issuer of the securities and were not acquired and are

          not held in connection with or as a participant in any transaction having that purpose

          or effect.

 

           

 

                                                                                  SIGNATURE 

 

          After reasonable inquiry and to the best of my knowledge and belief, I certify that the

          information set forth in this statement is true, complete and correct.

 

          Dated:      January 29, 2018.

 

          Franklin Advisory Services, LLC

 

          By:     /s/STEVEN J. GRAY

                        ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ 

 

                        Steven J. Gray

                        Assistant Secretary of Franklin Advisory Services, LLC