secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0000950142-25-001421
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Avis Budget shareholders reject 4 of 9 charter amendments; approve director slate, say-on-pay, officer exculpation
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- All six director nominees elected: Jagdeep Pahwa, Anu Hariharan, Bernardo Hees, Lynn Krominga, Glenn Lurie, Karthik Sarma.
- Ratification of Deloitte & Touche as auditor approved with 31.3M votes for (99.6% of votes cast).
- Advisory say-on-pay approved: 28.3M for vs 283k against; broker non-votes 2.8M.
- Charter amendments to remove supermajority vote for charter changes, revise by-law vote requirements, and revise business combination approval for interested shareholders all failed.
- Charter amendments to revise director removal vote requirement, allocate preferred stock voting, and provide officer exculpation were approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014225001421/0000950142-25-001421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014225001421/eh250628674_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-001421

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