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<TITLE>Form 8-K</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): February 27, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>RSC Holdings Inc.<BR>RSC Holdings III, LLC<BR>RSC Equipment Rental, Inc.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

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    <TD style="border-bottom: 1px solid #000000"><B>Delaware<BR>Delaware<BR>Arizona</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-33485<BR>333-144625-01<BR>333-144625</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>22-1669012<BR>41-2218971<BR>86-0933835</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>6929 E. Greenway Parkway, Suite 200<BR>Scottsdale, Arizona <BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>85254</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code:  <B>(480) 905-3300</B>


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    <TD nowrap style="border-bottom: 1px solid #000000"><B>N/A<BR></B></TD>
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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">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:

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<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>Item&nbsp;5.02.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</B></DIV></TD>
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<P align="justify" style="font-size: 10pt"><B><I>Reduction of Base Salary</I></B>


<P align="justify" style="font-size: 10pt; text-indent: 2%">On February&nbsp;27, 2009, Erik Olsson and RSC Equipment Rental, Inc., with the approval of the Compensation Committee
and our Board of Directors, entered into an amendment to Mr.&nbsp;Olsson&#146;s employment agreement as President and Chief
Executive Officer, lowering his base salary for 2009 by 20%. The effective date of the amendment is March&nbsp;2, 2009, but
the reduction is retroactive to January&nbsp;1, 2009.


<P align="justify" style="font-size: 10pt; text-indent: 2%">On February&nbsp;27, 2009, the Company, with the approval of the Compensation Committee and our Board of Directors,
entered into amendments to the employment agreements of the other named executive officers, lowering the base salary of
these executive officers for the remainder of 2009 by 10%. The effective date of the amendments is March&nbsp;2, 2009.


<P align="justify" style="font-size: 10pt; text-indent: 2%">The form of employment agreement for Mr.&nbsp;Olsson and our executive officers is filed as Exhibit&nbsp;10.4 to our
Registration Statement on Form S-1 (file no. 333-140644), dated February&nbsp;13, 2007.


<P align="justify" style="font-size: 10pt">The following sets forth the 2009 pre-reduction and post-reduction base salary, on an annualized basis, for our named
executive officers:

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    <TD width="8%">&nbsp;</TD>
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    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
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    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Named Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Pre-Reduction Base Salary</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Post-Reduction Base Salary</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px">Erik Olsson, President &#038; CEO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">750,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">600,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">David Mathieson, SVP &#038; CFO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">400,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">360,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:10px; text-indent:-10px">David Ledlow, SVP Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">375,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">337,500</TD>
    <TD>&nbsp;</TD>
</TR>
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    <TD><DIV style="margin-left:10px; text-indent:-10px">Kevin Groman, SVP &#038; General Counsel</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">350,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">315,000</TD>
    <TD>&nbsp;</TD>
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<P align="justify" style="font-size: 10pt">The reduction does not affect certain ancillary benefits, such as severance pay, which if and to the extent any becomes
applicable prior to January&nbsp;1, 2010, would continue to reference the applicable base salary prior to the amendment.
Effective January&nbsp;1, 2010, the base salaries of Mr.&nbsp;Olsson and the executive officers will return to their
pre-reduction levels.


<P align="justify" style="font-size: 10pt">The foregoing description of the amendments is qualified in its entirety by reference to the form of amendments
thereof, which are attached hereto as Exhibit&nbsp;10.1 for Mr.&nbsp;Olsson, and Exhibit&nbsp;10.2 for the other executive officers,
and incorporated herein by reference.


<P align="justify" style="font-size: 10pt"><B><I>2009 Annual Incentive Plan Criteria and Targets</I></B>


<P align="justify" style="font-size: 10pt; text-indent: 2%">On
February&nbsp;27, 2009, based upon the recommendation of our Compensation Committee our Board of Directors selected the business criteria for the
first six (6)&nbsp;months of 2009, as set forth below, pursuant to the RSC Holdings Inc. Annual Incentive Plan, or the
Annual Incentive Plan, for determining a portion of the amount of cash bonuses that may be awarded to our named
executive officers for the year ending December&nbsp;31, 2009 under the Annual Incentive Plan. The business criteria for
the second six (6)&nbsp;months of 2009 will be selected by the Compensation Committee at or about the beginning of the second six
month period.


<P align="justify" style="font-size: 10pt; text-indent: 2%">The Annual Incentive Plan is intended to encourage superior performance and to assist us in attracting, retaining
and motivating key personnel, and provides for annual cash bonuses for eligible employees, including our executive
officers. The Compensation Committee, which administers the Annual Incentive Plan, determines the employees eligible
to participate in the Annual Incentive Plan in a particular year, as well as the particular performance targets for
such year and the range of possible payouts under the Annual Incentive Plan depending on how actual results compare
with the applicable performance targets. In addition, the Compensation Committee may provide for a greater or lesser
annual cash bonus in its sole discretion.


<P align="justify" style="font-size: 10pt; text-indent: 2%">The following named executive officers are eligible to earn bonuses under the Annual Incentive Plan:


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    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Erik Olsson, President &#038; CEO;</DIV></TD>
</TR>

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    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">David Mathieson, SVP &#038; CFO;</DIV></TD>
</TR>

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    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">David Ledlow, SVP Operations; and</DIV></TD>
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    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Kevin Groman, SVP, General Counsel &#038; Corporate Secretary.</DIV></TD>
</TR>

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<P align="justify" style="font-size: 10pt; text-indent: 2%">The payment of bonuses under the Annual Incentive Plan for 2009 will be based on our achievement of objective
performance goals measured by the following business criteria:

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<P align="center" style="font-size: 10pt; display: none">2
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    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">earnings before interest, taxes, depreciation, and amortization, or EBITDA;</DIV></TD>
</TR>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">net capital expenditures; and</DIV></TD>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">specific performance objectives.</DIV></TD>
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<P align="justify" style="font-size: 10pt; text-indent: 2%">EBITDA, a supplemental non-GAAP financial measure, is defined as consolidated net income before net interest
expense, income taxes, and depreciation and amortization. Net capital expenditures is defined as purchase of rental
equipment, purchase of property and equipment (including property and equipment acquired under capitalized lease
obligations) less proceeds from sales of rental equipment and proceeds from sale of property and equipment.


<P align="justify" style="font-size: 10pt; text-indent: 2%">All three performance goals are subject to the following adjustments: (a)&nbsp;any incremental EBITDA impact resulting
from acquisitions or extraordinary events during the year will be excluded; (b)&nbsp;any incremental net capital expenditure
impact resulting from acquisitions or extraordinary events during the year will be excluded; and (c)&nbsp;specific
performance objectives will be determined at the beginning of 2009, and only modified with exceptions, all such
discretion of such payout will be at the determination/discretion of the Compensation Committee.


<P align="justify" style="font-size: 10pt; text-indent: 2%">The Compensation Committee established the following weightings and threshold, target and maximum payout
percentages for the performance goals. Payout amounts are based upon the actual eligible earnings of the named executive officer for the year ending December&nbsp;31, 2009. For each performance goal: Payout = Base Salary x (Weighting
x Percentage Achievement).

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    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11" style="border-bottom: 1px solid #000000"><B>Achievement</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Performance Goals &#150; Erik Olsson</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Weighting</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Threshold</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Target</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Maximum</B></TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:10px; text-indent:-10px">EBITDA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">100</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">200</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Net capital expenditures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">35</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">100</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">200</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Specific performance objective &#150; SG&#038;A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">100</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">200</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Specific performance objective &#150;
Cost of rental</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">100</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">200</TD>
    <TD nowrap>%</TD>
</TR>
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    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Performance Goals</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="10">&nbsp;</TD>
    <TD>&nbsp;</TD>
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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>David Mathieson and</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11" style="border-bottom: 1px solid #000000"><B>Achievement</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">

<TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>David Ledlow</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Weighting</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Threshold</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Target</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Maximum</B></TD>
    <TD>&nbsp;</TD>
</TR>

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<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:10px; text-indent:-10px">EBITDA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">37.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">75</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">150</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Net capital expenditures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">35</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">37.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">75</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">150</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Specific performance objective &#150; SG&#038;A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">37.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">75</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">150</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Specific performance objective &#150;
Cost of rental</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">37.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">75</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">150</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Performance Goals</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11" style="border-bottom: 1px solid #000000"><B>Achievement</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Kevin Groman</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Weighting</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Threshold</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Target</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Maximum</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:10px; text-indent:-10px">EBITDA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">37.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">150</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Net capital expenditures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">35</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">37.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">150</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Specific performance objective &#150; SG&#038;A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">37.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">150</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Specific performance objective &#150;
Cost of rental</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">37.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">50</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">150</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P align="justify" style="font-size: 10pt"><B><I>2008 Annual
Incentive Plan Performance &#038; Discretionary Bonus</I></B>


<P align="justify" style="font-size: 10pt; text-indent: 2%">On February&nbsp;27, 2009, the Compensation Committee determined the extent to which previously established 2008
performance goals under the Annual Incentive Plan were met for the 2008, and the level of earned cash bonuses for 2008
for each of the named executive officers. Given that the EBITDA threshold was not met for 2008, the named executive officers
were not eligible to receive cash bonuses for the year ended December&nbsp;31, 2008 under the Annual Incentive Plan.
However, the Compensation Committee and our Board of Directors determined to award discretionary cash bonuses to the
named executive officers as follows:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Named Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Percentage of 2008 Target Amount</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008 Variable Compensation Payment</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Erik Olsson, President &#038; CEO</DIV></TD>
    <TD>&nbsp;</TD>
   <TD nowrap colspan="3" align="center">50%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">206,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">David Mathieson, SVP &#038; CFO</DIV></TD>
    <TD>&nbsp;</TD>


    <TD colspan="3" align="center">25%</TD>

    <TD>&nbsp;</TD>

    <TD align="left">$</TD>
    <TD align="right">72,981</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:10px; text-indent:-10px">David Ledlow, SVP Operations</DIV></TD>
    <TD>&nbsp;</TD>

    <TD colspan="3" align="center">50%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">97,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Kevin
Groman, SVP, General Counsel, &#038; Corporate Secretary</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">50%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">103,125</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="justify" style="margin-right:3%; font-size: 10pt; text-indent: 2%">A copy of the Annual Incentive Plan was previously filed as Exhibit&nbsp;10.9 to the Registration Statement on
Form S-1/A of RSC Holdings Inc., dated April&nbsp;18, 2007, (File No.&nbsp;333-140644), and is incorporated herein by
reference.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>Item&nbsp;9.01.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify"><B>Financial Statements and Exhibits.</B></DIV></TD>
</TR>

</TABLE>


<P align="justify" style="font-size: 10pt"><B>(d)&nbsp;Exhibits</B>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of First Amendment to the Amended and Restated Executive
Employment and Noncompetition Agreement &#151; President and Chief
Executive Officer</TD>
</TR>

<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of First Amendment to the Executive Employment and
Noncompetition Agreement &#150; Senior Vice President</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 3%">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.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>RSC Holdings Inc.</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>RSC Holdings III, LLC</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>RSC Equipment Rental, Inc.</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: March&nbsp;5, 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-variant: SMALL-CAPS">/s/ Kevin J. Groman</FONT></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD nowrap colspan="2" align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kevin J. Groman</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, General Counsel and
Corporate Secretary</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P align="center" style="font-size: 10pt"><B>Exhibit&nbsp;Index</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of First Amendment to the Amended and Restated Executive
Employment and Noncompetition Agreement &#151; President and Chief
Executive Officer</TD>
</TR>

<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of First Amendment to the Executive Employment and
Noncompetition Agreement &#150; Senior Vice President</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">6




</DIV>
</BODY>
</HTML>
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Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 27, 2009
RSC Holdings Inc.
RSC Holdings III, LLC
RSC Equipment Rental, Inc.
(Exact name of registrant as specified in its charter)
Delaware
Delaware
Arizona
001-33485
333-144625-01
333-144625
22-1669012
41-2218971
86-0933835
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6929 E. Greenway Parkway, Suite 200
Scottsdale, Arizona
85254
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(480) 905-3300
N/A
(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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
Reduction of Base Salary
On February 27, 2009, Erik Olsson and RSC Equipment Rental, Inc., with the approval of the Compensation Committee
and our Board of Directors, entered into an amendment to Mr. Olsson's employment agreement as President and Chief
Executive Officer, lowering his base salary for 2009 by 20%. The effective date of the amendment is March 2, 2009, but
the reduction is retroactive to January 1, 2009.
On February 27, 2009, the Company, with the approval of the Compensation Committee and our Board of Directors,
entered into amendments to the employment agreements of the other named executive officers, lowering the base salary of
these executive officers for the remainder of 2009 by 10%. The effective date of the amendments is March 2, 2009.
The form of employment agreement for Mr. Olsson and our executive officers is filed as Exhibit 10.4 to our
Registration Statement on Form S-1 (file no. 333-140644), dated February 13, 2007.
The following sets forth the 2009 pre-reduction and post-reduction base salary, on an annualized basis, for our named
executive officers:
Named Executive Officer
Pre-Reduction Base Salary
Post-Reduction Base Salary
Erik Olsson, President & CEO
$
750,000
$
600,000
David Mathieson, SVP & CFO
$
400,000
$
360,000
David Ledlow, SVP Operations
$
375,000
$
337,500
Kevin Groman, SVP & General Counsel
$
350,000
$
315,000
The reduction does not affect certain ancillary benefits, such as severance pay, which if and to the extent any becomes
applicable prior to January 1, 2010, would continue to reference the applicable base salary prior to the amendment.
Effective January 1, 2010, the base salaries of Mr. Olsson and the executive officers will return to their
pre-reduction levels.
The foregoing description of the amendments is qualified in its entirety by reference to the form of amendments
thereof, which are attached hereto as Exhibit 10.1 for Mr. Olsson, and Exhibit 10.2 for the other executive officers,
and incorporated herein by reference.
2009 Annual Incentive Plan Criteria and Targets
On
February 27, 2009, based upon the recommendation of our Compensation Committee our Board of Directors selected the business criteria for the
first six (6) months of 2009, as set forth below, pursuant to the RSC Holdings Inc. Annual Incentive Plan, or the
Annual Incentive Plan, for determining a portion of the amount of cash bonuses that may be awarded to our named
executive officers for the year ending December 31, 2009 under the Annual Incentive Plan. The business criteria for
the second six (6) months of 2009 will be selected by the Compensation Committee at or about the beginning of the second six
month period.
The Annual Incentive Plan is intended to encourage superior performance and to assist us in attracting, retaining
and motivating key personnel, and provides for annual cash bonuses for eligible employees, including our executive
officers. The Compensation Committee, which administers the Annual Incentive Plan, determines the employees eligible
to participate in the Annual Incentive Plan in a particular year, as well as the particular performance targets for
such year and the range of possible payouts under the Annual Incentive Plan depending on how actual results compare
with the applicable performance targets. In addition, the Compensation Committee may provide for a greater or lesser
annual cash bonus in its sole discretion.
The following named executive officers are eligible to earn bonuses under the Annual Incentive Plan:
•
Erik Olsson, President & CEO;
•
David Mathieson, SVP & CFO;
•
David Ledlow, SVP Operations; and
•
Kevin Groman, SVP, General Counsel & Corporate Secretary.
The payment of bonuses under the Annual Incentive Plan for 2009 will be based on our achievement of objective
performance goals measured by the following business criteria:
•
earnings before interest, taxes, depreciation, and amortization, or EBITDA;
•
net capital expenditures; and
•
specific performance objectives.
EBITDA, a supplemental non-GAAP financial measure, is defined as consolidated net income before net interest
expense, income taxes, and depreciation and amortization. Net capital expenditures is defined as purchase of rental
equipment, purchase of property and equipment (including property and equipment acquired under capitalized lease
obligations) less proceeds from sales of rental equipment and proceeds from sale of property and equipment.
All three performance goals are subject to the following adjustments: (a) any incremental EBITDA impact resulting
from acquisitions or extraordinary events during the year will be excluded; (b) any incremental net capital expenditure
impact resulting from acquisitions or extraordinary events during the year will be excluded; and (c) specific
performance objectives will be determined at the beginning of 2009, and only modified with exceptions, all such
discretion of such payout will be at the determination/discretion of the Compensation Committee.
The Compensation Committee established the following weightings and threshold, target and maximum payout
percentages for the performance goals. Payout amounts are based upon the actual eligible earnings of the named executive officer for the year ending December 31, 2009. For each performance goal: Payout = Base Salary x (Weighting
x Percentage Achievement).
Achievement
Performance Goals – Erik Olsson
Weighting
Threshold
Target
Maximum
EBITDA
50
%
50
%
100
%
200
%
Net capital expenditures
35
%
50
%
100
%
200
%
Specific performance objective – SG&A
7.5
%
50
%
100
%
200
%
Specific performance objective –
Cost of rental
7.5
%
50
%
100
%
200
%
Performance Goals
David Mathieson and
Achievement
David Ledlow
Weighting
Threshold
Target
Maximum
EBITDA
50
%
37.5
%
75
%
150
%
Net capital expenditures
35
%
37.5
%
75
%
150
%
Specific performance objective – SG&A
7.5
%
37.5
%
75
%
150
%
Specific performance objective –
Cost of rental
7.5
%
37.5
%
75
%
150
%
Performance Goals
Achievement
Kevin Groman
Weighting
Threshold
Target
Maximum
EBITDA
50
%
37.5
%
50
%
150
%
Net capital expenditures
35
%
37.5
%
50
%
150
%
Specific performance objective – SG&A
7.5
%
37.5
%
50
%
150
%
Specific performance objective –
Cost of rental
7.5
%
37.5
%
50
%
150
%
2008 Annual
Incentive Plan Performance & Discretionary Bonus
On February 27, 2009, the Compensation Committee determined the extent to which previously established 2008
performance goals under the Annual Incentive Plan were met for the 2008, and the level of earned cash bonuses for 2008
for each of the named executive officers. Given that the EBITDA threshold was not met for 2008, the named executive officers
were not eligible to receive cash bonuses for the year ended December 31, 2008 under the Annual Incentive Plan.
However, the Compensation Committee and our Board of Directors determined to award discretionary cash bonuses to the
named executive officers as follows:
Named Executive Officer
Percentage of 2008 Target Amount
2008 Variable Compensation Payment
Erik Olsson, President & CEO
50%
$
206,250
David Mathieson, SVP & CFO
25%
$
72,981
David Ledlow, SVP Operations
50%
$
97,500
Kevin
Groman, SVP, General Counsel, & Corporate Secretary
50%
$
103,125
A copy of the Annual Incentive Plan was previously filed as Exhibit 10.9 to the Registration Statement on
Form S-1/A of RSC Holdings Inc., dated April 18, 2007, (File No. 333-140644), and is incorporated herein by
reference.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
10.1
Form of First Amendment to the Amended and Restated Executive
Employment and Noncompetition Agreement — President and Chief
Executive Officer
10.2
Form of First Amendment to the Executive Employment and
Noncompetition Agreement – Senior Vice President
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.
RSC Holdings Inc.
RSC Holdings III, LLC
RSC Equipment Rental, Inc.
Dated: March 5, 2009
By:
/s/ Kevin J. Groman
Kevin J. Groman
Senior Vice President, General Counsel and
Corporate Secretary
Exhibit Index
Exhibit No.
Description
10.1
Form of First Amendment to the Amended and Restated Executive
Employment and Noncompetition Agreement — President and Chief
Executive Officer
10.2
Form of First Amendment to the Executive Employment and
Noncompetition Agreement – Senior Vice President