secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950142-23-002708
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avis Budget Group realigns management: Martins to CFO, Choi to Transformation Officer, Pahwa to Chair
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014223002708/0000950142-23-002708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014223002708/eh230415330_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-002708

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer