{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-21-002998","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2021-09-28T23:59:59+00:00","discovered_at":"2026-05-14T18:04:20.616116+00:00","generated_at":"2026-06-29T01:07:49.695229+00:00","sec_items":["3.01","5.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Director Sparks resigns from Avis Budget board; triggers non-compliance with Nasdaq audit committee rule","bullets":["Carl Sparks resigns from Board, effective Oct 1, 2021, and from Audit and Governance Committees.","Resignation not due to any dispute with the company.","Audit Committee drops to two independent members, violating Nasdaq Rule 5605(c)(2)(A).","Company notified Nasdaq on Sept 28 and has a cure period to regain compliance.","Avis expects to restore full audit committee independence within the cure period."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-21-002998","json":"https://secwatch.observer/filing/0000950142-21-002998.json","markdown":"https://secwatch.observer/filing/0000950142-21-002998.md","text":"https://secwatch.observer/filing/0000950142-21-002998.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014221002998/0000950142-21-002998-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014221002998/eh210187282_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T01:07:49.695229+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3acd9ca13f","claim":"Carl Sparks resigned as Director at AVIS BUDGET GROUP, INC..","evidence_excerpt":"On September 27, 2021, Carl Sparks announced his intention to resign from the Board of Directors of Avis Budget Group, Inc. (the “Company”), effective October 1, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014221002998/0000950142-21-002998-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}