This excerpt taken from the UHAL DEF 14A filed Jul 15, 2008.
COMPENSATION COMMITTEE REPORT
The Compensation Committee has reviewed and discussed with management the Compensation Discussion and Analysis prepared by management and included in the proxy statement for the 2008 Annual Meeting of Stockholders. In reliance on these reviews and discussions with management, the Compensation Committee recommended to the Board of Directors of AMERCO, and the Board of Directors has approved, that the Compensation Discussion and Analysis be included in the Proxy Statement for the 2008 Annual Meeting of Stockholders for filing with the Securities and Exchange Commission.
This report is submitted by the Compensation Committee.
Pursuant to Item 407(e)(5) of Regulation S-K this Compensation Committee Report shall not be deemed to be filed with the SEC for purposes of the Securities Exchange Act of 1934, as amended (Exchange Act), nor shall such report be deemed to be incorporated by reference in any past or future filing by the Company under the Exchange Act or the Securities Act of 1933, as amended (the Securities Act), unless the intention to do so is expressly indicated.