Item 1.01
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Entry into a Material Definitive Agreement
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As previously disclosed, on March 1, 2020, Mobile Mini, Inc., a Delaware corporation (Mobile Mini or the Company),
WillScot Corporation, a Delaware corporation (WillScot), and Picasso Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of WillScot (Merger Sub), entered into an Agreement and Plan of Merger (the
Merger Agreement) pursuant to which, subject to the satisfaction or waiver of certain customary closing conditions, Merger Sub will be merged with and into Mobile Mini, with Mobile Mini surviving as a wholly-owned subsidiary of WillScot
(the Merger or the Proposed Transaction).
On May 28, 2020, the Company, WillScot and Merger Sub entered into
an amendment to the Merger Agreement (the Amendment). The Amendment, among other things: (i) sets forth that the name and ticker symbol of WillScot, as of the effective time of the Merger, shall be WillScot Mobile Mini
Holdings Corp. and WSC, respectively, (ii) approves, consistent with the determination by the Compensation Committee of WillScots Board of Directors and as permitted by WillScots 2017 incentive award plan, as
amended from time to time (the Incentive Plan), that the Merger will be deemed a Change of Control pursuant to the Incentive Plan with respect to any unvested awards outstanding thereunder as of immediately prior to the
effective time of the Merger which were granted to WillScots executive officers and certain other senior management team members (the Subject Awards), (iii) provides for the conditional redemption of all of Mobile Minis
outstanding 5.875% senior notes due July 1, 2024, and (iv) corrects certain typographical errors contained in the Merger Agreement and provides written consent to certain actions as required by the Merger Agreement.
With respect to clause (ii) above, the Amendment would have the effect of allowing the acceleration of previously issued equity awards to
WillScot employees who experience a qualifying termination within one year of the Merger. There would be no acceleration of equity awards for WillScot employees who do not experience a qualifying termination. Any exercise or settlement of the
Subject Awards in respect of any such qualifying termination in connection with the Merger shall be exercised or settled only in shares of common stock of WillScot, after giving effect to the Merger, and not in cash.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of
the Amendment, a copy of which is filed as Exhibit 2.1 hereto and incorporated herein by reference.
Important Information About the Proposed
Transaction
In connection with the Proposed Transaction, WillScot filed a registration statement on Form S-4 (No. 333-237746), which includes a prospectus of WillScot and a joint proxy statement of WillScot and Mobile Mini (the joint proxy statement/prospectus). The
registration statement was declared effective by the SEC on May 5, 2020, and WillScot and Mobile Mini commenced mailing the joint proxy statement/prospectus on or about May 8, 2020. Each party will file other documents regarding the
Proposed Transaction with the SEC. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ
THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY, IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING
ANY DECISION REGARDING THE PROPOSED TRANSACTION. Investors and security holders are able to obtain these documents (if and when available) free of charge from the SECs website at www.sec.gov. The documents filed by WillScot with the SEC may
also be obtained free of charge from WillScot by requesting them by mail at WillScot Corporation, 901 S. Bond Street, Suite 600, Baltimore, Maryland 21231. The documents filed by Mobile Mini may also be obtained free of charge from Mobile Mini by
requesting them by mail at Mobile Mini, Inc., 4646 E. Van Buren Street, Suite 400, Phoenix, Arizona 85008.
Participants in the Solicitation
WillScot, Mobile Mini, their respective directors and executive officers and other members of management and employees and certain of their
respective significant stockholders may be deemed to be participants in the solicitation of proxies in respect of the Proposed Transaction. Information about WillScots directors and executive officers is available in WillScots proxy
statement, dated March 20, 2020, as supplemented by the