Item 2.02. Results of Operations and Financial Condition.
On February 16, 2021, CAI International, Inc. (the "Company") issued a press
release reporting its results of operations for the fourth quarter and full year
of 2020. A copy of the press release is furnished as Exhibit 99.1 to this
Current Report on Form 8-K.
Departure of Directors or Certain Officers; Election of Directors;
Item 5.02. Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On February 11, 2021, the Board of Directors of the Company promoted David
Morris to Vice President, Chief Accounting Officer, and also designated Mr.
Morris as the Company's principal accounting officer for SEC reporting purposes.
Mr. Morris, age 54, has served as our Vice President, Finance and Corporate
Controller since May 2011. From 2008 to 2011, Mr. Morris served as Senior
Director, Finance, and prior to that as Director, SEC Reporting, of Celera
Corporation, a Nasdaq-listed healthcare company. Previously, Mr. Morris was a
Senior Audit Manager at KPMG LLP with a focus on public companies. Mr. Morris
received a Bachelor of Engineering from the University of Bristol, U.K. in 1988.
Mr. Morris is a U.K. Chartered Accountant and a California-licensed Certified
Public Accountant.
In this role, Mr. Morris's initial annual base salary will be $290,000, subject
to annual adjustment, and he will continue to be eligible to participate in the
Company's bonus and equity programs. Mr. Morris will also continue to
participate in the benefit programs generally provided to employees of the
Company in the same manner as in his prior role with the Company.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release issued by CAI International, Inc. dated February 16, 2021.
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