secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2025-06-09T23:59:59+00:00
Accession:  0000950142-25-001591
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avis Budget appoints Daniel Cunha as CFO; Izzy Martins departs June 30
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- Daniel Cunha becomes CFO effective July 1, 2025; Izzy Martins leaves on June 30 to pursue another opportunity.
- Martins will advise the Company through August 31, 2025, for orderly transition.
- Cunha receives $650k base salary, target annual incentive of 125% of base, and $1M RSU grant in July 2025.
- Cunha joins from Orion Services Group; previously CFO of Ocean Spray and Heinz North America.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014225001591/0000950142-25-001591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014225001591/eh250639373_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-001591

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