{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-23-002708","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.827309+00:00","generated_at":"2026-06-09T03:33:05.368672+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Avis Budget Group realigns management: Martins to CFO, Choi to Transformation Officer, Pahwa to Chair","bullets":["Izzy Martins promoted to EVP & CFO effective Jan 1, 2024; base salary $700,000, target incentive 125%, LTI target $1.725M.","Brian Choi transitions from CFO to newly created EVP & Chief Transformation Officer, focusing on data, analytics, and technology; base $675,000, LTI target $2M.","Jagdeep Pahwa to become Chairman after 2024 annual meeting, replacing Bernardo Hees who remains a board member.","Hees steps down as Executive Chairman but continues as director; Pahwa is Vice Chairman and president of SRS Investment Management."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-23-002708","json":"https://secwatch.observer/filing/0000950142-23-002708.json","markdown":"https://secwatch.observer/filing/0000950142-23-002708.md","text":"https://secwatch.observer/filing/0000950142-23-002708.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002708/0000950142-23-002708-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002708/eh230415330_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T03:33:05.368672+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":"3359afeba8","claim":"Bernardo Hees departed as Executive Chairman at AVIS BUDGET GROUP, INC..","evidence_excerpt":"Bernardo Hees will resign as Executive Chairman of the Board but continue to serve as a member of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002708/0000950142-23-002708-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resign"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"},{"claim_id":"3622ba1ebf","claim":"Brian J. Choi changed role as EVP & Chief Transformation Officer at AVIS BUDGET GROUP, INC..","evidence_excerpt":"Effective January 1, 2024, Mr. Choi will transition from the role of EVP & Chief Financial Officer and become the Company’s first EVP & Chief Transformation Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002708/0000950142-23-002708-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"transitioned"},{"label":"Role","value":"EVP & Chief Transformation Officer"}],"fact_type":"executive_change"},{"claim_id":"4fa7d781b6","claim":"Izzy Martins was appointed as EVP & Chief Financial Officer at AVIS BUDGET GROUP, INC..","evidence_excerpt":"Izzy Martins, currently serving as EVP Americas of the Company, will assume the role of EVP & Chief Financial Officer of the Company, effective January 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002708/0000950142-23-002708-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"EVP & Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"ca0e5dc1d4","claim":"Jagdeep Pahwa was appointed as Chairman of the Board at AVIS BUDGET GROUP, INC..","evidence_excerpt":"Jagdeep Pahwa, currently Vice Chairman of the Board, will assume the role of Chairman of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002708/0000950142-23-002708-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assume"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}